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Let rupee appreciate, strengthen infrastructure platform: Bloom
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Indian Express
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Fri 06 Nov, 03:16 AM
Rupee appreciation is a positive sign for the Indian economy, and should be allowed without much of an intervention. Frequent intervention would lead to an asset price inflation scenario, pointed out David Bloom, global head of currency strategy...
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Tata Steel net plunges 50% on melting prices
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Indian Express
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Wed 28 Oct, 03:58 AM
Tata Steel Ltd, India s largest and the world s sixth largest steel maker, on Tuesday reported that its standalone net profit for the second quarter ended September 30, 2009, fell by almost half due to falling global steel prices. The fall is...
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IT exports set to surge as corporates open new offshoring windows
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Indian Express
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Wed 28 Oct, 03:24 AM
This one could be music to the ears of IT and software export firms worldwide. For, amid the global economic downturn, IT service exports are in for a big leap. The United Nations Conference on Trade and Development (Unctad), in its Information...
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Economy unlikely to return to high growth: CEA
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Financial Express
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Sun 25 Oct, 09:38 PM
Hit by the global financial crisis, the Indian economy is unlikely to fully return to the high growth path till 2011-12, Chief Economic Advisor Arvind Virmani says. But for the impact of global financial meltdown, Indian economy has...
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Indian banking system weathered downturn well, says RBI report
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Indian Express
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Fri 23 Oct, 02:41 AM
The Indian banking system has exhibited resilience against the backdrop of global financial turmoil and slowdown of the Indian economy. The Reserve Bank of India s (RBI) report on the trend and progress of banking in India for 2008-09, has depicted...
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Results positive, industry wants stimulus to continue
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Indian Express
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Fri 16 Oct, 03:18 AM
The Centre s stimulus package, the first installment of which was announced at the end of last year to kick start the economy, has seen the desired results with the country being resilient to the overall global economic slowdown. Sectors like...
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