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Automobile manufacturers report healthy July sales

Automobile manufacturers report healthy July sales

New Delhi/Chennai:(IANS) A decline in interest rates, fuel costs, low base and pick-up in consumer sentiment helped the Indian automobile manufacturers report healthy sales figures for the last month on Saturday. Passenger automobile major Maruti Suzuki’s July sales grew by ...

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Three government-owned banks posts lower net

Three government-owned banks posts lower net

Chennai:(IANS) Three government-owned banks – Dena Bank, Bank of Baroda and Oriental Bank of Commerce on Thursday – declared lower net profit for the first quarter on 2015-16 as compared to corresponding quarter the previous year. In a regulatory filing ...

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SEBI cancels Sahara Mutual Fund’s registration

SEBI cancels Sahara Mutual Fund’s registration

Chennai:(IANS) India’s securities market regulator on Tuesday ordered cancellation of certificate of registration of Sahara Mutual Fund as it found the fund house, Sahara Asset Management Company (AMC) and Sahara Sponsor not “fit and proper” to carry on the business. ...

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India, China face exodus of millionaires: report

India, China face exodus of millionaires: report

By Arun Kumar Washington:(IANS) India and China are facing an exodus of their wealthiest citizens with tens of thousands of “high-net-worth individuals” (HNWIs) having left to seek greener pastures, according to a new report. As many as 61,000 Indian millionaires ...

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Power Finance Corp stake sale fully subscribed

Power Finance Corp stake sale fully subscribed

New Delhi:(IANS) The government’s 5 percent stake sale on Monday in the Power Finance Corp (PFC) was fully subscribed with robust response from both institutional as well as retail  investors for 13.22 crore shares as against the offer for 6.6 ...

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Power Finance Corp 5 percent stake on sale

Power Finance Corp 5 percent stake on sale

New Delhi:(IANS) The central government has set a floor price at Rs.254 per equity share for divestment of 5 percent of its stake in Power Finance Corp (PFC) on Monday. “The floor price of the offer shall be Rs.254 per ...

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Rs.1,000 crore approved for India-Bangladesh rail link

Rs.1,000 crore approved for India-Bangladesh rail link

Agartala:(IANS) The Indian government has sanctioned around Rs.1,000 crore for a 15-km India-Bangladesh railway project, an official said on Sunday. The union government on Saturday communicated to Tripura that it had sanctioned Rs.580 crore to lay the rail tracks and ...

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Reliance Industries’ net up 4.4 percent

Reliance Industries’ net up 4.4 percent

Mumbai:(IANS) Reliance Industries on Friday reported a net profit of Rs.6,222 crore (around $1billion) for the first quarter of the current financial year, which was up 4.4 percent over Rs.5,957 crore in the like quarter of last year. But the ...

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Seven Indian companies among Fortune Global 500

Seven Indian companies among Fortune Global 500

By Arun Kumar Washington:(IANS) Seven Indian companies headed by Indian Oil figure in this year’s Fortune Global 500 list of the world’s 500 largest companies in 36 countries topped by retail giant Walmart. Together, these companies employing 65 million people ...

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Hindustan Unilever posts flat net profit in Q1

Hindustan Unilever posts flat net profit in Q1

Mumbai:(IANS) Subdued demand and higher taxes resulted in FMCG major Hindustan Unilever Ltd (HUL) posting a flat net profit in the first quarter of 2015-16. Net profit of the company stood at Rs.1,059.14 crore – a minimal 0.2 percent increase ...

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