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Moneylife Digital Team 24 December 2010
New Delhi: Former telecom minister A Raja today appeared before the Central Bureau of Investigation (CBI) for questioning in the Rs22,000 crore second generation (2G) spectrum scam, over a year after the agency registered a case in this connection, reports PTI. 47-year-old Mr Raja appeared...

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Moneylife Digital Team 24 December 2010
The local market is likely to open on a cautious note on subdued cues from the global arena. Wall Street closed mostly lower overnight in the holiday-shortened week on low volumes and mixed economic data while markets in Asia were trading mostly lower in early trade today on lower metal prices...

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Moneylife Digital Team 23 December 2010
New Delhi: Coal India (CIL) today said its production will fall short of target by 16 million tonnes (MT) this fiscal and may miss the expected output by 39 MT in 2011-12 due to extension of tough environmental norms, reports PTI. "The Comprehensive Environmental Pollution Index (CEPI) was...

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Moneylife Digital Team 23 December 2010
New Delhi: As government faces heat on skyrocketing onion and vegetable prices, senior ministers have held discussions on a proposal for opening of multi-brand retail stores to the foreign direct investment (FDI) and hiking the FDI limit in defence production, reports PTI. The discussions on...

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Moneylife Digital Team 23 December 2010
New Delhi: Amid the Plan panel seeking 'sensible' definition of 'no-go' mining areas, coal minister Sriprakash Jaiswal today said the issue will come up before the Cabinet next week to work out a solution, reports PTI. "We have circulated a cabinet note 15 days back. Hopefully, it will be...

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Moneylife Digital Team 23 December 2010
Mumbai: HDFC chairman Deepak Parekh has decried Andhra Pradesh government for "hastily" passing a legislation regulating micro lenders, stating many independent directors of microfinance institutions (MFIs) have quit in its aftermath, reports PTI. The passing of the Andhra Pradesh...

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Moneylife Digital Team 23 December 2010
The Indian market opened with marginal gains on mixed global cues. The steep rise in the weekly food inflation numbers put the indices under pressure and kept them in a narrow range on both sides of the neutral line till the end of the session. The market opened with meagre gains, tracking...

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Sanket Dhanorkar 23 December 2010
Knocked repeatedly by the regulator and investors during the past year, mutual funds will be hoping that the pain will yield positive results soon The stock market climb this year was quite amazing. But strange as it may seem, it prompted investors to exit equity mutual funds in hordes, hurting...

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Moneylife Digital Team 23 December 2010
Tata Motors Ltd's Jaguar Land Rover is celebrating a successful 2010 having received more than 80 international awards for its vehicles during the year. | The tally of awards was shared almost equally between the two brands. Leading the charge for Land Rover was Discovery 4 with over 28 global...

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Moneylife Digital Team 23 December 2010
Tata Motors Ltd said its small car 'Nano' has received the good design award for 2010, by the Chicago Athenaeum: Museum of Architecture and Design with the European Centre for Architecture Art Design and Urban Studies. The award for the Tata Nano has come in the category of transportation,...

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Moneylife Digital Team 23 December 2010
JK Tyre said it has rolled out the country's largest tyre, weighing 3,700 kg, from its Mysore facility. In a statement, the company claimed that the '40.00-57 60PR VEM045 E4' tubeless tyre is the largest off-the-road tyre manufactured so far in India. "With this launch, we have set another...

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Moneylife Digital Team 23 December 2010
SBI Mutual Fund launches SBI Debt Fund Series 180 Days-14; HDFC Mutual Fund announces dividend for two schemes; ING Life unveils ING Market Shield SBI Mutual Fund launches SBI Debt Fund Series 180 Days-14 SBI Mutual Fund launches SBI Debt Fund Series 180 Days-14, a close-ended income scheme.

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Moneylife Digital Team 23 December 2010
New Delhi: The Centre on Wednesday asked states to take stringent action against hoarders and directed the commerce ministry to speed up onion imports as part of measures to ease the crisis over spiralling onion prices, reports PTI. Cabinet secretary KM Chandrasekhar, who is personally...

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Moneylife Digital Team 23 December 2010
Mumbai: Concerned over the possibility of repayment default by microfinance institutions (MFIs) to banks, the Reserve Bank of India (RBI) on Wednesday asked lenders to maintain funding lines to MFIs to prevent the problem from fanning out of Andhra Pradesh, reports PTI. "The RBI sensitised...

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Moneylife Digital Team 22 December 2010
Mumbai: The Bombay High Court today refused to stay the order of the ministry of environment and forest (MoEF) asking Lavasa Corporation to stop the construction at its township near Pune, reports PTI. The court, which was hearing the petition filed by Lavasa Corporation challenging the stay...

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Moneylife Digital Team 22 December 2010
New Delhi: An Empowered Group of Ministers (EGoM) is likely to meet on 30th December to consider hike in diesel and domestic LPG prices, reports PTI. This comes in the wake of crude oil prices ruling at a two-year high of $93.59 per barrel and widening the gap between retail fuel price and...

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Moneylife Digital Team 22 December 2010
New Delhi: Telecom minister Kapil Sibal today said the growth in the sector is essentially centred on adequate spectrum availability, assuring government will make all efforts to provide requisite airwaves to meet the industry’s demand, reports PTI. “The real problem is that there is scarcity...

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Moneylife Digital Team 22 December 2010
New Delhi: In a veiled criticism of environment minister Jairam Ramesh’s approach, the Planning Commission today said there should be a “sensible” definition of ‘no-go’ areas where mining activities are prohibited, reports PTI. “If we get a sensible definition of what is ‘no-go’...

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Moneylife Digital Team 22 December 2010
The market witnessed a gap-up opening supported by good global cues. Demand for realty and consumer durables stocks boosted the market, while IT and healthcare counters saw some selling pressure. The benchmarks touched the day’s highs in early trade and were in a narrow range after that. The...

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Munira Dongre 22 December 2010
Some prominent firms say that the acquisition is expensive and that reviving the small-capacity steel maker will put a heavy financial burden on JSW JSW Steel is to acquire 39% of Ispat for Rs21.4 billion and make an offer to buy another 20% from the public by March 2011. JSW is also to...

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