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Entries from October 31st, 2008

Sensex smiles at end of Black October

October 31st, 2008 · No Comments · News

Ending one of the worst months in its history, the Sensex closed 743 points higher on account of short covering and positive Q2 earnings of some frontline companies. The broader benchmark Nifty also rallied nearly 7 per cent to end at 2885 levels. “ The markets markets have rallied almost 25 per cent from their […]

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PNB cuts benchmark rate by 50 bps

October 31st, 2008 · No Comments · News

Leading PSU bank Punjab National Bank cut its prime lending rate by 50 bps, following a reduction in RBI’s repo rate. The move would be effective from December 1.

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Cabinet okays hike in insurance FDI cap

October 31st, 2008 · No Comments · News

The government on Friday approved the much-awaited comprehensive insurance bill, which seeks to raise foreign direct investment cap in private sector to 49 per cent from 26 per cent, and said it would be tabled in the Parliament in December. “The Union Cabinet gave its approval for introduction of the Insurance (Amendment) Bill, 2008 for […]

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Right time to scrap export duty on some iron,steel items:FM

October 31st, 2008 · No Comments · Business, News

New Delhi (PTI): Finance Minister P Chidambaram today said the decision to scrap export duty on certain iron and steel products was taken to ensure that their exports remain competitive in the wake of falling international prices. “International prices have fallen. In order to ensure that value-added products continue to be exported, taking into account […]

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Manmohan cautions against divisive politics, ideology

October 31st, 2008 · No Comments · News

New Delhi (PTI): In the backdrop of the Assam serial blasts and anti-north Indian violence in Maharashtra, Prime Minister Manmohan Singh today cautioned people against forces in the country whose politics, ideology and worldview were narrow and divisive. “Our national integrity is of paramount concern. Unfortunately there are forces in the country today whose politics, […]

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IATA to stop issuing tickets of 16 airlines from tomorrow

October 31st, 2008 · No Comments · Business, Entertainment

KOCHI: The IATA Agents Association of India will not be issuing tickets of 16 airlines , including Air India, Jet Airways, Kingfisher and Air France from tomorrow in protest against the proposed move by airlines to stop paying commission to travel agencies for sale of tickets.

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Australia close at 338/4; Sehwag takes 3 wickets

October 31st, 2008 · No Comments · News, Sports

New Delhi, October 31: : Undaunted by India’s mammoth first innings total, Australia’s obstinate top-order came up with useful contributions to keep themselves afloat in the third Cricket Test in New Delhi on Friday.Pushed to the brink in the potentially series-deciding tie, Australia’s otherwise incendiary phalanx of willow-wielders came up with a strong, if not […]

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Book Raj under NSA, demands Union Cabinet

October 31st, 2008 · No Comments · News

New Delhi, October 31: : The anti-North Indian campaign by MNS chief Raj Thackeray came under severe attack at the union cabinet meeting on Thursday night with strong demands made for his arrest under National Security Act as also a judicial inquiry into the killing of two youth from Bihar and UP youth in the […]

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Ban on Gambhir too harsh a punishment: Gavaskar

October 31st, 2008 · No Comments · News, Sports

New Delhi, October 31: : Batting great Sunil Gavaskar flayed the one Test ban on Gautam Gambhir for elbowing Shane Watson and said it would upset the balance of the ongoing India-Australia Cricket series. Gavaskar said Gambhir was guilty of misconduct but felt the one Test ban handed by Match Referee Chris Broad was too […]

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Gambhir banned for 1 Test, to appeal against it

October 31st, 2008 · No Comments · News, Sports

Mumbai, October 30: : Gautam Gambhir, India’s top scorer in the current series against Australia, was handed one-Test ban for elbowing all-rounder Shane Watson in the ongoing match which the player has decided to appeal. The punishment, which will be appealed against despite Gambhir pleading guilty to the offence during the hearing, if not overturned, […]

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Serial bomb blasts rip Assam; 61 feared dead

October 30th, 2008 · No Comments · News

At least 61 people have been killed and over 200 injured in 12 serial blasts in Assam. The casualty figures are likely to rise with the condition of many of the injured being critical. The injured included many women and children. There were six near-simultaneous blasts in Guwahati at about 11:30 am on Thursday in […]

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Apis India reports net profit of Rs 0.49 crore in the September 2008 quarter

October 30th, 2008 · No Comments · News

Apis India reported net profit of Rs 0.49 crore in the quarter ended September 2008 as against net loss of Rs 0.02 crore during the previous quarter ended September 2007.

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Sundaram Finance net profit declines 10.41% in the September 2008 quarter

October 30th, 2008 · No Comments · News

Net profit of Sundaram Finance declined 10.41% to Rs 32.44 crore in the quarter ended September 2008 as against Rs 36.21 crore during the previous quarter ended September 2007.

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Intellvisions Software net profit rises 52.78% in the September 2008 quarter

October 30th, 2008 · No Comments · News

Net profit of Intellvisions Software rose 52.78% to Rs 0.55 crore in the quarter ended September 2008 as against Rs 0.36 crore during the previous quarter ended September 2007.

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Bangalore Softsell reports net loss of Rs 0.18 crore in the September 2008 quarter

October 30th, 2008 · No Comments · News

Bangalore Softsell reported net loss of Rs 0.18 crore in the quarter ended September 2008 as against net loss of Rs 0.19 crore during the previous quarter ended September 2007.

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Zero interest rate? India unlikely to join

October 30th, 2008 · No Comments · News

The latest interest rate cut in the US has sparked speculations that a number of major economies across the world, including the US, Japan, England and Australia, are moving towards a zero-per cent regime, but bankers differ about India. The rates have not been below the current level of one per cent in the US […]

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170 people die in Pakistan quake

October 30th, 2008 · No Comments · News

ZIARAT (Pakistan): A strong earthquake struck before dawn on Wednesday in southwestern Pakistan, killing 170 people, injuring scores more and leaving an estimated 15,000 homeless, said officials. The toll could rise as rescuers dig for survivors in a remote valley in Balochistan, where the magnitude-6.4 quake struck. Worst-hit was the hilltop resort of Ziarat and […]

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Pune to become seventh metro city: Assocham

October 30th, 2008 · No Comments · Business, Palm

NEW DELHI: Pune is all set to become the seventh metro city in the country on the back of the fast development in its infrastructure facilities, a friendly business environment and growing employment opportunities, industry body Assocham said on Thursday. The rising appeal of Pune, a couple of hours drive away from India’s financial capital […]

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