New Delhi: Finance Minister P Chidambaram will present the interim budget for 2014-15 in Parliament on Monday. Along with the budget, the Finance Minister will present a vote-on-account to seek Parliament’s sanction for spending till July. Also, unlike a regular budget, the interi…

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By March, insurer may infuse money in banks that had planned QIPs Life Insurance Corporation (LIC) is getting several knocks on its doors from a host of public sector banks stuck with their fund-raising plans through the capital market route. Close to half a dozen lenders that were plan…

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NSE to launch VIX derivatives from February 26, measuring swing expectations; investors can take weekly positions The National Stock Exchange has announced it would be starting a product which allows investors to bet on market volatility by the end of the current month. “Futures contr…

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The stock has rallied 9% to Rs 230 on the Bombay Stock Exchange. Jet Airways (India) has surged 9% to Rs 230 on reports that the Competition Commission of India (CCI) on Wednesday approved Etihad’s 50.1% stake buy in Jet Privilege Private Ltd (JPPL), a customer loyalty programme u…

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IT exporters are leading the decine after weaker-than-expected US manufacturing data Benchmark share indices were down nearly 1% in the first hour of trade with IT exporters leading the decine after weaker-than-expected US manufacturing data. At 10:25AM, the 30-share Sensex was down 175…

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Maruti Suzuki Alto 800 and Hyundai i10, the two best-selling Indian-made hatchbacks, were among a batch of five cars that failed to pass the Global New Car Assessment Program (Ncap) by a UK-based independent charity focused on consumer-orientated vehicle safety initiatives. Results of th…

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Reports growth in net income after 15 consecutive quarters of decline Bharti Airtel, the country’s largest telecom operator by subscriber base, on Wednesday, reported 115.1% increase in net income to Rs 610 crore in October-December 2013 quarter on strong growth in EBIT. Its net incom…

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NEW DELHI: The Reserve Bank is likely to maintain status quo in its third quarter monetary policy review on Tuesday despite the clamour for cutting rates to boost sagging growth in view of some moderation in inflation. “I think status quo will be maintained by the RBI,” Orien…

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Company could use latter’s cash and investments worth Rs 23,635 crore to pay debts, say bankers Vedanta group, which is interested in buying the Indian government’s residual stake in Hindustan Zinc (HZL), is likely to merge the company with its India holding company, Sesa Sterlit…

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Markets opened marginally higher on Tuesday tracking gains in Asia Markets opened marginally higher on Tuesday tracking their peers in Asia At 9:16AM, the 30-share Sensex was up 49 points at 21,254 and the 50-share Nifty was up 15 points at 6,319. Asian markets crept higher on Tuesday …

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