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Business Standard | News Now
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The latest news from India's most respected business daily.
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FII-TO-FII TRADES: PNB traded at 5% premium
Trades between FIIs generated a volume of Rs 74 crore on the BSE Wednesday-an increase of 1.50% from Rs 73 crore clocked on Tuesday. As many as four stocks witnessed trades of 4.89 lakh shares on Wednesday.
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Computer-based CAT to continue despite glitches
Amid allegations of mismanagement, 'CAT-2009' convenor Satish Deodhar today said barring initial glitches the first computer-based test was successful and indicated that it would be held in same format in future.
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Base rate to bring in transparency in loan pricing: RBI
The Reserve Bank of India (RBI) today said the proposed new base rate, which will replace the benchmark prime lending rate (PLR) from July 1, will bring in more transparency to the loan pricing process, benefiting the end-customers.
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Standard Life plans to up stake in HDFC joint venture
British insurer Standard Life Plc today said it will look at increasing stake in the Indian insurance joint venture with HDFC and explore the possibility of listing the business in India.
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Citigroup, Fidelity gets FMC nod to sell MCX stake
Citigroup and Fidelity International have received approval to sell their stakes in the Multi Commodity Exchange of India (MCX), the commodity markets regulator Forward Markets Commission (FMC) said today.
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AI to increase summer capacity by 10%
The ailing national carrier Air India has decided to increase the domestic capacity by 10 per cent from March 29 to tap the summer rush, besides introducing in-flight entertainment on the metro routes, according to a senior airline official.
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Govt to construct mega highways of 1,000 km
The government today said it plans to construct mega highways of 1,000 km stretch or more.
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P increases grammage of 'Tide' with no price hike
FMCG giant Procter & Gamble today said it is increasing the weight of the packs of its detergent 'Tide Naturals' by 25 per cent without hiking prices to enhance its market penetration.
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Banks credit growth up by 15.5%
Credit growth of banks rose by 15.5 per cent at Rs 31.78 lakh crore for the fortnight ended February 26, raising expectations that it could breach the Reserve Bank of India's projection of 16 per cent by March-end.
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BoA to consider fresh SEZ proposals on Apr 9
"... The (meeting of) BoA (which will) consider proposals for setting up of SEZs and other miscellaneous requests, is scheduled to be held on April 9," a Commerce Ministry official said, adding this would be the first meeting of the BoA in the next financial year (2010-11).
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