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Citigroup Inc on Friday has said it intends to shed $400 billion of assets over the next two to three years, in a drive to become more efficient
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The NACIL, formed after the merger of Air India and Indian, is forming strategies to enhance the airline's operations and turn it into a profitable venture.
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Bankers on Friday discounted fears of any hardening in interest rates and said they expected both inflation as well as select lending rates to ease over the next 2-3-months.
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Inflation rose to 42-month high of 7.61 pc for the week that ended on April 26 as against 7.57 pc last week, on account of rising food prices.
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Oil held near record highs above $124 a barrel on Friday, as a surge in heating oil futures following sharp declines in stocks triggered heavy buying by investment funds.
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OPEC says there was no shortage of oil in the world market and the organisation would act if the market shows need for any measures.
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Reliance Capital Asset Management Ltd will soon offer life insurance cover investors opting for systematic investment plan route in 11 of its funds, says an official.
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Japan's Nissan Motor Co had appointed Hover Automotive India Private to develop its sales network in India.
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The BSE benchmark index resumes lower at 17,020.79 and immediately drops to a low of 16,974.62 before rebounding to quote at 17,101.94.
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SMEs also believe that the category in which steel prices have been slashed is largely used by secondary steel manufacturers, who produce finished products like pipes and sheets, reports Archana Khatri.
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The professor of strategy at the Ross School of Business, University of Michigan, quoted data to show that there is a heavy co-relation between corruption and a low position in the human development index and, finally, the wealth created in a nation, reports Suman Layak.
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From Network 18’s in-house creative division to a production house that will work with ad agencies and direct clients, Cell 18 has evolved quickly, reports Anita Sharan.
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Can advertising on the mobile phone become big? People in the mobile media segment are seeing bright prospects for it, writes Ritu Tripathi.
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If Bharti makes the move, it could mark the beginning of a long battle to take control of MTN, which has 68 million customers spread over 21 countries, reports Indulal PM.
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The BSE bellwether was quoted at 17,095.23 at 1030 hours, a net fall of 244.08 points from its last close of 17,339.31.
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Acting quickly, the government has banned export of some staples like rice and pulses and cut customs duties on other items to try to rein in inflation, HT reports.
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The state-run power equipment-maker BHEL says it would invest Rs 1,000 crore in its Tiruchi plant in the current fiscal to increase the boiler capacity.
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BlackBerry users can't agree on whether they love or hate the device, but they are sure of one thing: it gives them very little time off work, or what is known as “corporate downtime”.
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Financial service providers are picking up the "eco" baton and running with it -- meaning consumers can factor environmental concerns into everything from utility tariffs, tax returns and even mortgages. Read on...
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The government says more measures are in the offing to curb inflation, which should ease in 8 weeks.
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The Indian rupee drops sharply by 34 paise to 41.69/70 against the US currency in late morning trade on sustained and heavy dollar buying.
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World oil prices continued their daily record-breaking run, reaching a fresh intraday peak near $ 124 a barrel despite a larger-than-expected rise in US crude stocks.
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Tata Steel Ltd has raised 20 billion rupees ($480 million), including a greenshoe option, through a private placement of debentures, says an official.
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Microsoft's bankers have approached Facebook about a purchase of the social networking site as an alternative for its failed takeover bid for Yahoo, an American business journal has reported.
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If used wisely, options furnish hedging strategies, which protect a trader one way or the other, finds out Ramesh Palan.
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Leisure company Country Club India Ltd (CCIL) acquires Chelsea Hotel belonging to the Chelsea Group for 165 million AED (Rs 175 crore). HT Correspondent reports.
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Google Inc launches the site aiming to be a traffic generator for everyone from media companies seeking new markets to small-time music bands seeking global glory. Narayanan Madhavan reports.
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According to report, attrition rate in India has increase to 40 per cent in 2007 from 32 per cent in 2006. Amit Bapna finds out why employees are migrating to better opportunities.
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Lokesh Mehra, regional manager - corporate responsibility, Cisco South Asia, tells Radhika Pancholi about NetAcad and Cisco's initiatives to develop talent from the huge human resources pool.
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TataCom, Idea Cellular along with HSBC Bank and UAE's telecom operator, Etilsat, launch a cell phone-based money remittance services to its subscribers. HT Correspondent reports.
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Caparo Group of UK will be setting up four to five units on its own besides joint venture projects in automotive, engineering and aerospace sectors. Ashok Das reports.
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Italy-based Ducati Motor Holding ventures into the Indian market with a full range of its premium bikes priced between Rs 15 lakh and Rs 50 lakh. HT Correspondent reports.
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Bharti Airtel joins a global consortium to build a $700-million undersea cable system that will cut through 13 countries and link India to Britain. HT Correspondent reports.
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Chief Executive Officer John Thain says that Merrill Lynch is looking to grow its business in India. HT Correspondent reports.
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A leading trade body says it's the government's rules on packaging, and not the manufacturers, that are to be blamed for possible price fudging. HT Correspondent reports.
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Customers of Vodafone will be able to book tickets for matches, participate in predicting the Man of the Match.
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Steel makers agree to reduce prices of steel by up to Rs 4000 per tonne for the next three months but sought reduction in prices of iron ore. Gaurav Choudhury reports.
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World oil traded only a little below $ 122 per barrel after concerns over supply in key producer Nigeria helped push prices to record highs in frenzied trading, dealers said.
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In the absence of any major trigger, the markets end almost flat with the benchmark Sensex closing lower by nearly 34 points at 17,339.
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The Indian rupee fell further sharply by 19 paise to Rs 41.13/14 against the American currency in the morning trade.
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The 30-share BSE bellwether was quoted at 17,315.87 at 1030 hours, a loss of 57.14 points from its previous close of 17,373.01.
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Yahoo Inc may not be celebrating the end of takeover talks with Microsoft Corp, but Google Inc should feel free to pop the champagne cork.
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After producing movies such as Manorama Six Feet Under, Bal Ganesh etc, it is looking at developing home productions as a robust revenue stream, reports Saurabh Turakhia.
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The group has announced its cement plans six months back to take advantage of the huge amount of fly ash that would be produced as a result of its power projects under Reliance Power, reports Suman Layak.
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The Salims have stated their intention to build the deep sea port as delay in this crucial infrastructure can be fatal to the chemical hub, reports Avijit Ghosal.
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Indian IT majors are waking up to the opportunity in the domestic market after years of treating it as a country cousin, reports Venkatesh Ganesh.
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Mahindra Lifespaces Developers (MLDL) is planning to enter the business of building low-cost houses for the middle-income group, reports Suprotip Ghosh.
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Jobs are going abegging in the country’s organised retail boom, but there are not enough polished counter-folks and salespeople to say the right things, reports Ruchi Hajela.
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The discounts range from free gold coins with a particular purchase to 10% off on jewellery items to even a free diamond jewellery piece on purchase of two, reports Varun Soni.
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The Planning Commission deputy chairperson also expected the Indian economy to grow between 8 and 8.5 per cent in the current financial year, HT reports
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MTN is a provider of communication services, offering cellular network access and business solutions and operates in 21 countries in Africa and West Asia, HT reports.
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The group is eyeing power projects in India, Europe, North Africa, West Asia and Asia to increase its foot print in the power sector, reports Samiran Saha.
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After a kilometre or so, Pune’s suburbs gave way to a bleak landscape dotted with the occasional factory on one side of the narrow road and the dusty villages of Kharadi and Wagholi on the other side, writes Ganesh Natarajan.
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Delhi Bloggers Bloc (DBB) provides bloggers a common platform to interact online as well as offline apart from giving them a chance to share and promote their blogs, reports Priyanka Sachar.
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Many call the trend micro-blogging, as, unlike conventional blogs, it does not inovolve long entries made from a desktop computer, writes Rajesh Lalwani.
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You don’t need to go till your bank to check your account details. An alert on the mobile phone does this for you, writes Arnav Pandya.
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The markets end in red with the BSE benchmark Sensex losing nearly 118 points on sustained selling by funds in heavyweight stocks.
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India's economy is expected to grow around 8 pc in the current fiscal year, and annual inflation may moderate in a few weeks, says a top official.
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Adidas AG said that its 1Q profit was higher on improved demand for its Adidas branded goods along with its TaylorMade-adidas golf products.
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Vodafone has signed an agreement with software products major Apple to sell iPhone in India, besides nine other markets.
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Indian Airlines has decided to resume its direct flight between UAE and Goa from next week, a senior airline official has said.
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The 30-share index, which has lost 109 points on Monday, fell further by 65.75 points to 17,425.15 in the first five minutes of trade.
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Yahoo Inc chief signals a more open stance towards Microsoft Corp, saying he had been seeking common ground when the software maker abruptly ended talks.
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World’s leading search engine Google unveiled an online platform that translates between Hindi and English. A report by Ruchi Hajela.
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US president George Bush has every reason to raise a hue and cry over spiralling food prices as not only Indians but their pets are eating more and better, reports Amit Baruah.
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While the royalties under the DTAA are taxed at 15 per cent on gross amount, the business profits attract a tax of more than 30 per cent on net amount.
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Promoting a drug for uses other that what the DCGI has approved it for is a serious violation of provisions of Drugs and Cosmetics Act, 1940, and can lead to action by the drug quality regulator for unethical marketing practices
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While corporates like Reliance Retail and the Future Group have entered into tie-ups with American office product providers, domestic majors in the writing instruments industry too have firmed up their expansion plans, reports Varun Soni.
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The software giant firm could seek a variety of deals after walking away from Yahoo Inc, but few would be comprehensive enough to let it challenge Google Inc's domination of online advertising.
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The much-hyped India Infrastructure Initiative, which was announced by the Govt, has hit a roadblock with US-based private equity company Blackstone backing out.
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Shiv Nadar, founder of $4.5 billion HCL, receives the Padma Bhushan, the country's third highest civilian honour, by President Pratibha Patil.
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The markets fail to hold on to early gains and closed weak with the benchmark Sensex losing about 110 points. The 30-share Sensex closed at 17,490.90.
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The markets failed to hold on to early gains and closed weak with the benchmark Sensex losing about 110 points.
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Shares in Yahoo Inc fell more than 17 per cent in Frankfurt after Microsoft Corp walked away from its bid for the Internet company.
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Yahoo Inc likely faces a flood of shareholder lawsuits for rejecting a $47.5 billion takeover bid from Microsoft Corp.
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India’s Hero Group and Germany-based auto manufacturing giant Daimler AG entered into a Rs 44 bn joint venture to manufacture commercial vehicles.
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The 30-share index of the Bombay Stock Exchange was quoted at 17,622.53, a rise of 22.41 points over its previous close of 17,600.12.
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The leading private airline of India will start its daily direct flights from Mumbai to Hong Kong from April 14 and Mumbai to San Francisco from May 5.
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Making calls from a cell phone without a battery, using just the warmth of your hand? New circuits being developed by researchers in Germany are already making it possible to harness body heat for generating electricity. Read on...
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A tie-up with Google, seen as a big winner from the end of Microsoft-Yahoo talks, should help boost Yahoo's operating performance in the near term.
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JPMorgan Chase & Co does not expect the US financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly.
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BlackBerry maker Research in Motion (RIM) announces it will soon unveil new smartphones with a mobile software that allows access to business data for users ‘anytime, anywhere’.
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Flickr supports all popular video formats but the duration of each clip should be 90 seconds or less. Amit Agarwal examines.
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As prices for Bordeaux wine reach ever more astonishing levels, chateaux owners are finally tackling the tricky, and long ignored, issue of shipping and transport conditions by testing a new temperature tracking device.
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I went to Google and looked for stuff that would help me moderate or edit my comments, without me actually having to do all that work. Meenakshi Reddy Madhavan has the details.
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The home video market has grown 30 per cent between 2004 and 2007 says the latest FICCI-PricewaterhouseCoopers report on Indian entertainment and media industry. Saurabh Turakhia reports.
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