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Indian rupee hits all-time low

The Indian rupee plummeted to an all time low on Wednesday to 54.46 rupees to the dollar, or up to Rs14.81 to the dirham, breaching its previous record low of 54.39 struck on December 15. Local money exchanges witnessed “higher ...

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‘Indian system not feasible for interest-free Islamic banking’

New Delhi: The government on Tuesday said it is not legally feasible for domestic banks to carry out interest- free Islamic banking activities. “RBI has informed that in the current statutory and regulatory framework, it is not legally feasible for ...

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Indian market will buy over 1,000 new aircraft by 2030: Airbus

Hyderabad – 15 March 2012 (PTI): India will require 1,043 new passenger andfreighter aircraftvalued at USD 145 billion between now and 2030, according to a market forecast by aviation major Airbus. Of this, 1,020 will be passenger aircraft and 23 ...

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Maruti Q2 profit falls 60%, to open new plant in Gujarat

New Delhi – 29 Oct 2011 (PTI): The country’s largest car-makerMaruti SuzukiIndia today reported 59.81 per cent fall in net profit at Rs 240.44 crore for the quarter ended September 30, mainly due to production loss at Manesar because of ...

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Sensex dips over 700 points on grim outlook for US economy

Mumbai – 22 Sep 2011: The 30-share BSE benchmarksensexnosedived by over 700 points during mid-session on day on panic selling across sectors, on grim economic warning by the US Fed over theAmerican economyamid worries about global slowdown. At 15.41 hrs, ...

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Sensex tumbles 365 points on weak IIP data, global markets

Mumbai – 12 Sep 2011 (PTI): The BSE benchmarkSensexon Monday plunged over 365 points on heavy selling triggered by a steep fall in domestic industrial growth and weak trend in global markets on renewed concerns of euro-zone debt crisis. The ...

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Gold posts biggest single-day gain to cross Rs 28,000 mark

New Delhi – 19 August 2011 (PTI): Gold climbed to an all-time high of Rs 28,150 per 10 grams in the national capital today, posting its biggest-ever single day gain of Rs 1,310 amid frantic buying triggered by robust demand ...

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Rupee falls to more than 6-month low on oil, shares

Mumbai – 18 August 2011 (Reuters): The Indian rupee slid to a more than 6-month low on Thursday, dragged by strong dollar demand from oil importers and weak local shares, with losses in Asian currencies also weighing. At 11:13 a.m. ...

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Beetel enters tab race; launches Android device for Rs 9,999

New Delhi – 17 August 2011 (PTI): Bharti Enterprises group firm Beetel Teletech today unveiled its tablet PC — Beetel Magiq — priced at Rs 9,999, further heating up the tab market in the country. The Android-based device has a ...

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Google to buy Motorola Mobility for $12.5 billion

Mount View, California – 15 August 2011 (AP): Google is buying cell phone makerMotorola Mobilityfor $12.5 billion in cash in what is by far the company’s biggest acquisition to date. Google Inc.will pay $40.00 per share, a 63 percent premium ...

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MBA grad lost Rs 14cr to SpeakAsia

Mumbai – 10 August 2011: The police on Monday received 100 more complaints against Singapore-based online consumer survey company SpeakAsia, accused of cheating investors of crores by promising them huge returns on their investments. Among the victims who recorded their ...

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RCom launches low-priced 3G tablet at Rs 13,000

Mumbai – 10 August 2011: Reliance Communications on Tuesday kicked off a price war in the tablet market, with the cheapest 3G model aggresively priced at Rs 12,999. However, the seven-inch, Android tablet, sourced from Chinese telecom major ZTE, is ...

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All you want to know about the US debt crisis

Is the US heading towards another financial crisis? Although it might be a bit early to predict with certainty the future implications of the debt crisis facing the US today, the situation is fluid enough to raise an alarm for ...

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Safe haven gold surges over Rs 25,000/10 g on global cues

Mumbai – 08 August 2011 (PTI): Gold price breached the Rs 25,000/10 gram mark for the first time, as the yellow metal became the safe haven in a global economy rapidly turning stormy. In Mumbai, gold of 99.9 purity surged ...

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