WASHINGTON (AP) — The number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week, while continuing claims fell sharply. The Labor Department says new claims increased to a seasonally adjusted 558,000, from 554,000 the previous week. Analyst…

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Mumbai: The initial public offer of the state-run hydropower company, NHPC, was subscribed 23.72 times. The issue, which closed on Wednesday, received bids for 3,979 crore shares against the 168 crore shares on offer, according to the data available on the NSE Web Site. IPOs: India 6th m…

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The June Index of Industrial Production (IIP) came in at 7.8% as against 5.4% in year on year and 2.7% last month. Meanwhile the May IIP number has been revised downward from 2.7% to 2.2%. IIP internals snapshot: Manufacturing growth at 7.3% versus 6.1% (YoY) Mining growth at 15.4% ver…

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Mumbai: Oil India Ltd (OIL) will hit the market with an initial public offering (IPO) on September 7. The offer will be open from September 7 to 11, a source close to the development said. The price band for the IPO is likely to be fixed on August 25, the source said. OIL management is c…

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New Delhi: Oil India Ltd (OIL), the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share. OIL is looking at pricing its initial public offering (IPO) at closer to the prevailing share pr…

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India’s official auditor has on record said his office was yet to ratify the $9 billion capital expenditure claimed by Mukesh Ambani-led Reliance Industries for tapping natural gas from the Krishna-Godavari basin.The remarks to IANS clearly run contrary to a statement by Director Ge…

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The credit crisis may have forced Citigroup’s former chairman & CEO, Charles “Chuck” Prince, to step down from the top job at what was once the world’s largest bank by market capitalisation, but he argues that the collective belief of the financial system was that the market…

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WHO declared the start of the Influenza A(H1N1) pandemic on June 11, 2009. Over 1,000 people across the world have succumbed to the disease including a 14-year-old girl in India. Here is the list of helpline numbers in India: All India toll free H1N1 helpline: 1075 or 1800-11-4377 Delh…

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RIL says while its chairman Mukesh Ambani is profoundly saddened by his brother`s remarks, he requests the media to respect his decision not to respond RIL says the public statements by Anil Ambani and his aides are attempts to convert legal issues into a public spat Reliance Industries…

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MUMBAI: State-run National Hydroelectric Power Corp’s (NHPC) initial public offer (IPO ) was oversubscribed a little over seven times, according to the data available with the National Stock Exchange (NSE) Friday. The company had offered 167.73 crore shares with a face value of R…

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