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Archive for the 'News' Category

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Sensex Gained 135 Points On Foreign Fund Investments

Mumbai: The market started to run fast on the last day of the week. The Indian benchmarks BSE Sensex and NSE Nifty scored the seventh weekly gain due to the foreign funds flow. On Friday, BSE & NSE gained the highest wave in the whole week. The NSE reached up to 0.77% on Friday, and […]


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Budget 2012-13: MPs want exemption hiked of Rs. 5 lakhs

Direct Tax Code

Before the budget, some of the Ministers of Parliament’s group scrutinized the Direct Taxes Code (DTC) Bill today praised for raising the income tax release limit up to Rs. 5 lakhs per annum. The Standing Committee of Finance, met under the Chairmanship of BJP leader, Yashwant Sinha, has decided to settle this report by March […]


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Railway Safety Needs Rs. 1 Lakh Crore, Fares May Get Costlier

Indian Railways Logo

According to the research done by a team, that railway needs to increase their safety provisions and for that they need about Rs. 1 lakh crore. That’s why the train fares may hike. But right now the Railways Minister, Dinesh Trivedi and his team of advisors are scrutinizing the whole recommendation committee’s plan. Indian Railways […]


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Cost Trimming and Vaccine sales, Help boost GSK Pharma Q4 Profits

Glaxosmithkline GSK Pharmaceuticals Logo

Drug-maker GlaxoSmithKline Pharmaceuticals sees profits improve, due to continued growth of vaccines and specialty products, tighter expense control and new product launches for the 4th quarter of 2011. According to DrHasit B. Joshipura, Managing Director of GSK (India), the company was able to register good growth in its specialty business, thanks to the launch of […]


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Marico Buys New Brand to Open Segment in Youth Market

Marico Logo

In a bid to gain a foothold in the male grooming and youth brand segment, Marico has acquired erstwhile Paras personal care brands from Reckitt Benckiser. This transaction is Marico’s second largest acquisition in India, after the acquisition of the Nihar brand from Unilever, a few years back. Marico has also made six brand acquisitions […]


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Hike of 10-12% On Imported Power May Occur In Budget 2012

Domestic Power Equipment

The Department of Economic Affairs (DEA) asked the Revenue Department to decide about the increasing import duty on power equipments by keeping in mind the recent demands applied by the domestic power equipment manufacturers. It has been proposed to increase the duty by 10-12% in the upcoming budget 2012 – 2013, but the domestic strong […]


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RBI Approved Reliance Communications For Refinancing From China

Reliance Communications Logo

Reliance Communications Ltd. received the permission from the Reserve Bank of India for the refinancing from Industrial and Commercial Bank of China Ltd (ICBC) and Export Import Bank of China (EXIM) for deliverance of its outstanding FCCBs (Foreign Currency Convertible Bonds). The terrific FCCBs of US$ 1,182 million (approximately Rs. 5,825 crore at the prevailing […]


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Magma Fincorp Plans To Start Gold Finance Business!

Magma Fincorp, the famous retail finance NBFC has planned to start with their gold finance business in the first half of the next financial year and will be able to clear all the regulatory hurdles in beginning with their new business. Magma Fincorp Logo “We are a non-deposit taking non-banking financial company (NBFC) and the […]


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