ECONOMY & NATION


Pranab Mukherjee handed over his nomination papers to Vivek Kumar Agnihotri, Rajya Sabha secretary general and returning officer for the presidential elections New Delhi: Amid a show of strength, United Progressive Alliance (UPA) nominee Pranab Mukherjee Thursday filed his nomination...

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Of the four Indonesian mines, Tata Power already owns 30% stake each in two of them, with an offtake of a little over 40 MT annually from them   Mumbai: With a severe shortage of domestic coal supply as the state-run monopoly Coal India is unable to increase output, private utility...

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State-owned oil firms, which had last month hiked petrol price by a massive Rs7.54 a litre before partially rolling it back by Rs2 per litre, are likely to revise rates at the end of this month   New Delhi: Petrol price may be cut by as much as Rs4 a litre from 1 July 2012 as...

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Moneylife Digital Team 28 June 2012
Coffee World coffee exports declined by nearly 12%, year-on-year (yoy), to 8.77 million bags in April this year, International Coffee Organisation (ICO) has said. For the 12 month period ending April 2012, total coffee shipments were down at 101.99 million bags as against 103.35 million...

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Moneylife Digital Team 28 June 2012
Currently, MCX copper futures are back to the lows it reached in January 2012. As of 7 June 2012, copper futures were quoting at Rs411/kg, which is less than the price at start of the year. Copper prices have been falling due to low demand. Despite the People’s Bank of China cutting borrowing...

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The company is planning to target its ‘Twister’ towards the college-going youth while the “Dream Yuga” is aimed at those who are conscious of fuel consumption and for day-to-day commuting purposes Chennai Honda Motorcycles and Scooters India (HMSI) is planning to tap the rural markets...

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RIL has bought back 3,18,08,300 shares at Rs 713.67 per share deploying Rs2,270.05 crore as on 26th June Mumbai:  Reliance Industries Ltd (RIL) has bought back 3,18,08,300 shares at an average price of Rs 713.67 per share deploying Rs2,270.05 crore as on 26th June, the company said in a...

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While ordering the bank to cut its promoter stake by 20% by March 2018, the apex bank has indicated that it will take a view on further dilution to 10% over two years after that date Mumbai: The Reserve Bank (RBI) has asked Uday Kotak-led Kotak Mahindra Bank to more than halve promoters'...

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As per reports, lessors have taken back 34 aircraft from Kingfisher between March and June, owing to non-payment of lease rentals of around Rs 1,000 crore   Mumbai Shares of Kingfisher Airlines today tumbled over 13% following reports that lessors have taken back 34 aircraft due to...

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Moneylife Digital Team 27 June 2012
Private banks are expected to show sharper earnings slowdown in FY2012-14 as credit costs start to rise, especially on infrastructure loans, says Kotak Institutional Equities Banks are expected to face some rough weather in the immediate financial year FY2012-14, according to a brokerage...

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PMO said Coal India should appoint mine developer and operators to begin production from these deallocated coal blocks without further delay New Delhi: The Prime Minister's Office (PMO) has asked the Coal Ministry to fast-track the process of taking back the coal blocks from private...

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Tata Sons, the promoter of all key companies of the Tata Group, had acquired 4.8 crore shares in IHCL for about Rs497.47 crore through preferential allotment   New Delhi: The Indian Hotels Company Ltd (IHCL) on Wednesday said Tata Sons Ltd has increased stake in it by 4.78% to 24.36%...

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 The block closure was taken in view of the quarterly closing as Tata Motors said it cannot pile up inventory Jamshedpur: Production will be halted at Tata Motors block for three days from tomorrow because of the 'prevailing economic condition', the company said on Wednesday, reports...

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The factory would be built at Indapur near Pune at a cost of Rs100 crore and production would start in March next London: A London-based NRI-led company will set up the world's largest steel modular building factory in Indapur in Maharashtra at a cost of Rs100 crore, reports PTI.

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MOEF suggested the company may relocate the project, which was already relocated earlier, as it may fall under a wildlife sanctuary, national park   Hyderabad: In a setback to a KSK Group company-Kameng Dam Hydro Power Pvt Ltd, which is in the process of implementing a 420-MW hydel...

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After RBI increased the limit of FII investments in government debt and initiated other steps, SEBI will hold a special auction on 4th July for foreign institutional investors   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said a special auction of debt...

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Virbhadra Singh's decision came a day after the Himachal court framed charges of corruption and criminal misconduct against him and his wife Pratibha Singh in a 23-year-old case   New Delhi: Union Minister Virbhadra Singh resigned on Tuesday in the wake of a Himachal Pradesh court...

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According to Nomura, Indian government's policies remain inflationary, reducing the scope for rate cuts, hurting growth and in turn exacerbating the fiscal deficit   New Delhi: Noting that India's monetary and fiscal policies are at loggerheads, financial services company Nomura has...

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