SBI to cut interest on education loan

Sunday, February 26, 2012

State Bank of India (SBI) has taken in-principle decision to slash interest on education loans by up to 1 percentage point. “The bank has taken in-principle decision to cut (interest on) education loan,” SBI Managing Director and Chief Finance Officer...

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Raja accuses CBI of creating ‘false witness’

Friday, December 23, 2011

Former Telecom Diplomat and the key accused in the 2G scam A. Raja on Fri accused the Central Bureau of Investigation in a City retinue of making his ex-aide Aseervatham Achary a "specious witness" to declare against him."He is a created incorrect...

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2G: Behura’s bail plea dismissed

Friday, December 16, 2011

The Delhi Squeaking Authorities Weekday dismissed the recognisance exertion of former medium intimate Siddhartha Behura, one of the 14 accused in the 2G spectrum percentage swindl...

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Indian Rupee hits low against dollar

Tuesday, November 22, 2011

The Indian rupee closed at a record low against the dollar in Mumbai on Tuesday, amid growing dollar demand by Indian oil refiners and other importers.The rupee was down to 52.21 to the greenback at the close of markets after touching 52.73 during the...

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1996 Telecom Scam - Sukhram sentenced to five year jail

Sunday, November 20, 2011

Former Telecom Minister Sukhram sentenced to five year imprisonment on Saturday by  Delhi Court after being convicted of taking Rs 3 lakhs as bribe to give a lucrative contract to a Haryana Telecom Ltd(HTL)  in 199...

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Not possible to cut petro-products price: Pranab

Sunday, November 13, 2011

Finance Minister Pranab Mukherjee on Saturday said the two most vexed issues facing the nation are price rise in essential commodities and petro-products.It is not possible for the Centre to decrease the price of petro-products because huge subsidies are...

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Kingfisher Apologises to flyers

Saturday, November 12, 2011

Due to rough whether, Kingfisher Airlines has recently sent an apology mail to its frequent flyer club members to explain the reason of cancellation of numerous flights.They said that the move was necessary to reconfigure their aircrafts for better...

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Pranab Mukherjee To World Bank - "think out of the box"

Sunday, September 25, 2011

Indian Finance Minister Mr.Pranab Mukherjee on Saturday said that the World Bank should have to find some ways to improve its capital base so as to enhance lending to developing countrie...

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Corporates under Lokpal : CVC

Sunday, September 18, 2011

As the Lokpal debate rages, the CVC feels corporates should be brought under the purview of the proposed anti-corruption bill to check graft effectively.It also favours that corruption in higher levels of bureaucracy and among political executives...

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Kanimozi steps towards court for bail

Saturday, September 17, 2011

DMK patriarch M Karunanidhi’s daughter and party MP Kanimozhi, arrested for her alleged role in 2G spectrum allocation scam, today moved a Delhi court for bail, her second attempt to get the relief.Lodged in Tihar jail since May 20 following rejection of...

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Obama-Singh will meet again this year

Saturday, September 17, 2011

The White House expects meetings between US President Barack Obama and Prime Minister Manmohan Singh at different fora later this year, but has ruled out any bilateral talks between them next week in New York where they would attend the annual session of...

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India rebuffs China's objections to oil exploration

Friday, September 16, 2011

India on Thursday dismissed Chinese objections over its oil exploration projects in two Vietnamese blocks in the South China Sea, saying its cooperation with Vietnam was as per international laws and it would like the cooperation to grow.  Noting...

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SIDBI working with NSE to set up separate exchange for SMEs

Friday, September 16, 2011

The Small Industries Development Bank of India (SIDBI) is working in close tandem with the National Stock Exchange (NSE) to establish a separate exchange for small and medium enterprises (SMEs), which will be unveil shortly. S Muhnot, Chairman and Managing...

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RBI surges key interest rates by 25 bps

Friday, September 16, 2011

The Reserve Bank of India (RBI) has surged the key interest rates by 25 basis points (bps), its 12th such surge since March 2010 since it is concerned about the high inflation. This move will make auto, home and other loans more expensive. After the...

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Centre may announce new exports sop scheme to replace DEPB

Friday, September 16, 2011

Centre is expected to introduce today a new scheme with the aim to replace the popular tax refund Duty Entitlement Pass Book (DEPB) for the exporters, which is scheduled to end on September 30. Centre has been spending annually almost Rs 8,500 crore for...

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Indian bakery market registering 8% steady growth: Assocham

Friday, September 16, 2011

India's bakery market is worth Rs 3,295 crore and it is witnessing a steady growth rate of 8%, stated the industry body the Associated Chambers of Commerce and Industry of India (Assocham). More than 20-lakh tonnes of bread and 15-lakh tonnes of biscuits...

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