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The government can ill afford tax cuts as they could dent revenue receipts and widen an already bloated fiscal deficit
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The Sensex ended up 0.14% at 14,785.74 and the Nifty closed up 0.35% at 4,390.95
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At 2.32 pm, the Sensex was up 1.1% at 14,927.07 and the Nifty was higher by 1.35% at 4,434.65
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10% of equity will be offloaded with preferential allocations to CIL workers. The final decision is likely to be made in the upcoming budget session
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The Indian rupee eased on Monday on weaker regional stocks and a stronger dollar against major currencies.
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By 12:22 pm, the Sensex was 0.72% up at 14,871.29 and the Nifty was 0.83% high at 4,412
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Tata Motors reported its first net loss in eight years, mainly on the back of losses of over Rs1,700 crore incurred by Jaguar and Land Rover
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In a last-ditch effort, the management of national air-carrier Air India is holding talks with a section of its employee unions to avert a strike on the issue of deferment of June salaries.
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The Dubai developer behind the world’s tallest building plans to merge with three rivals owned by the sheikdom’s ruler, in a consolidation aimed at better coping with global meltdown.
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Mumbai seems to be the next destination for India’s biggest realty companies, Unitech and DLF, to try and restart some of their projects which were put on the backburner.
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Sensex opened higher by nearly 67 points on Monday on fresh buying by investors amid mixed Asian stock markets.
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The rupee fell by five paise against the US currency in early trade today after increased demand for dollar by oil importers.
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Suzlon Energy, the country’s largest wind turbine-maker, on Sunday reported a 77% decline in net profit at Rs 236 crore in FY09 on the back of currency losses and replacement of defective blades.
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The niche, but growing, club of luxury car owners on Sunday got a booster shot with Tata Motors ushering in the British auto icons Jaguar and Land Rover (JLR).
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More than half of India’s exports to China are iron ore.
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After squeezing the best out of its 220-odd component suppliers through various efficiency programmes, Maruti is bringing in competition for them by buying parts from non-JV companies.
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The government is pushing for perhaps the most significant licensing reform since reduction of entry fee for STD and ILD licences in 2005 by way of a new licence category for access services.
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By 11 am, the Sensex was down 0.39% at 14,706.48 points and the Nifty was down 0.26% at 4,363.95 points
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The government is pushing for perhaps the most significant licensing reform since reduction of entry fee for STD and ILD licences in 2005 by way of a new licence category for access services.
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