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Moneylife Digital Team 02 July 2010
The central bank said the main challenge it is currently facing is adopting a ‘calibrated exit’ from the unprecedented monetary accommodation Concerned over the continuing inflationary pressures, a Reserve Bank of India (RBI) report on Thursday said the primary objective of the monetary...

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Moneylife Digital Team 02 July 2010
Oil secretary S Sundareshan said the government had not decided to limit the subsidy on diesel to Rs1.50 per litre and pass on the remaining required hike to consumers. "The decision of the EGoM is that diesel price will be market-determined. The actual decontrol will happen in future", he added

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The search engine giant has snapped up ITA, a 14-year-old flight information company, for $700 million in cash. Read Article...

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These are the biggest companies that are having the toughest time in the current economy. Read Article...

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The market in food contracts is based on theoretical future crops-and speculators drove prices through the roof, starving the poorest of the world's population. Read Article...

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The global export-led recovery is losing strength across nations. Read Article...

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Toyota will recall 270,000 Lexus and other vehicles worldwide to fix faulty engines, in the latest quality lapse by the world's leading automaker. Read Article...

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Apple's new iPhone has been selling by the cartloads, but it has been slapped with a putative class action suit which includes allegations of fraud by concealment, negligence, intentional misrepresentation and defective design. Read Article...

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The West German deutsche mark was named East Germany's currency on 1 July 1990. The monetary union was beneficial for East German citizens but not for businesses, many of which went under when they suddenly found themselves having to compete with the highly modern West German economy. Read...

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Watch out, these monstrosities could kill you. Read Article...

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Al Qaeda has come up with its first English-language propaganda magazine. Among other things, it also features an article on how to "make a bomb in the kitchen of your mom." Read Article...

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Moneylife Digital Team 02 July 2010
Developers will be unwilling to absorb this new tax burden and will pass it onto the buyers, Jones Lang LaSalle Meghraj senior vice-president for capital markets Gautam Hora said Home prices will increase by about 2.5% with the implementation of service tax on the residential segment with...

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Pallabika Ganguly 02 July 2010
The company holds 350 acres of land in its portfolio, and is adopting a strategy of selling land parcels outright rather than develop them Emerald Acres Pvt Ltd, a land bank company owned by Madhur Bajaj, vice-chairman of Bajaj Auto, is planning to enter the market in the next four months and...

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Sanket Dhanorkar 01 July 2010
The planned new US law regulating banking and financial services firms puts severe restraints on their functioning and profitability. Since Indian software companies derive most of their revenues from this segment, will it impact them? The Obama-led US administration is up in arms against the...

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Moneylife Digital Team 01 July 2010
Charitable organisations collect a substantial proportion of funds through donors who prefer not to reveal their identities—the government’s ban is eliminating their sources for finance Non-governmental Organisations (NGOs) have been crying out against the government's diktat on taxing...

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Moneylife Digital Team 01 July 2010
The Sensex is trapped between 17,700 and 17,400. The bias, however, is to the downside The market, which began the session on a weak note, following negative cues from across the globe, tumbled over 1% at the end of trade. While Wall Street ended lower on Wednesday, lower manufacturing growth...

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Moneylife Digital Team 01 July 2010
Why you should buy accident insurance, why and how you should negotiate the policy wording, how to get your complaints resolved and many other essential issues of non-life insurance… A report by Moneylife team Finance minister Pranab Mukherjee wants the insurance industry to increase...

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Moneylife Digital Team 01 July 2010
The new Gas Sales Master Agreement will replace the four-year-old GSMA between RIL and RNRL for supply of a minimum of 28 million cubic metres per day of natural gas at $2.34 per million British thermal unit Mukesh Ambani-led Reliance Industries (RIL) has filed in the Bombay High Court (HC) the...

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Moneylife Digital Team 01 July 2010
The fall in food inflation would provide a breather to the government, which is struggling hard to control prices of essential items Food inflation declined by a whopping 3.98 percentage points to 12.92% for the week ended 19th June, as the rate of price rise in cereals and vegetables showed a...

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Moneylife Digital Team 01 July 2010
The UIDAI chief has said that Aadhaar can be used for the betterment of over 1.4 million railway employees With the Indian Railways catering to crores of people and employing over a million strong staff, the Unique Identification Authority of India (UIDAI) saw a major role for itself in...

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