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Make Mumbai 'slum-free': poverty alleviation minister
IANS
Mumbai, Aug 30 (IANS) The central minister for poverty alleviation Saturday called upon the Maharashtra government to set aside a Rs.160 billion component in the civic budget for the benefit of the poor and slum dwellers in the city.
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ANALYSIS - Private equity makes inroads in India
Reuters
MUMBAI (Reuters) - Private equity is gaining greater acceptance in India where rising borrowing costs and a tanking stock market have shut down other means of funding, forcing family-owned businesses to tap a source they had once shunned.
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Fannie, Freddie rescue estimate mounts, plan goes ahead
Reuters
WASHINGTON (Reuters) - A Bush administration plan to rescue Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion, congressional budget analysts said on Tuesday as Congress worked to complete sweeping housing market legislation.
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SpiceJet plunges by 14% as chairman quits
HT
The SpiceJet scrip on Monday plunged 14 per cent after the budget airline's Executive Chairman Siddhanta Sharma resigned in the midst of the airline's talks with prospective investors for a fresh equity infusion.
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Budget 2008, pharma & more...
Equitymaster
At present while global happenings in the financial markets are wielding a strong influence on the Indian stockmarkets, an important domestic event namely the Union Budget 2008 is also expected to set the tone for the movement of the Indian indices. ...
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Amartex goes on expansion spree
Indian Express
The city-based textile manufacturer- Amartex Industries Ltd- is planning to strengthen its retail base by opening 151 outlets across the country. The company plans to establish this retail chain by the end of the year 2008. The managing director of Amartex, Arun Grover, told FE, We have set aside a budget outlay of Rs 180 crore for expansion. We ll raise the money through an IPO and internal cash accruals. We have already short-listed the merchant bankers as SBI Caps and Karvy for the IPO. At present we have about 20 large and 43 small format stores. The retail outlets are ...
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