WASHINGTON: The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition. Citing unnamed sources who spoke on the…

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The Indian operations of GM may not get affected by the automaker’s filing for bankruptcy, but for the Indian auto component industry, it’s a great opportunity to grab. Mahindra and Mahindra (M&M) too want to join in as after Europe it’s a great chance for them to …

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he country’s largest private sector lender, ICICI Bank, today slashed its benchmark lending rate by 50 basis points to 15.75 per cent, a move that would benefit the bank’s home, auto, consumer and corporate loan borrowers. The benchmark advance rate (I-BAR) will be reduced by…

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Government revises inflation for the week ended March 28, to 0.84% from the preliminary estimate of 0.26% The annual rate of inflation, calculated on a point to point basis, stood at 0.48% for the week ended May 23, 2009 as compared to 0.61% for the previous week ended May 16, 2009. It w…

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All students who appeared for Maharashtra Board HSC (Class 12) Exam and earerly waiting for results. Here’s a good news for you all…. Results are going to be declared today. Maharashtra Board H.S.C – Class 12th Results 2009 will be declared today at around 11.00 am and will be …

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By Rachana Khanzode Though corporate affairs minister Salman Khursheed had hinted at government intervention, the first phase of layoffs has started at Satyam Computer Services . Trainers, HR and sales and marketing executives are being singled out for action by Tech Mahindra, Satyam&#82…

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NEW DELHI: Oil exploration major Oil India Ltd (OIL) is likely to launch an initial public offering (IPO) in September, Petroleum Secretary R.S. Pandey said here Tuesday. He, however, ruled out disinvestment in other state-owned oil giants Indian Oil Corp (IOC) and Oil and Natural Gas Co…

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Results today: HPCL Bharti-MTN -Exclusive: Sunil Mittal says no proposal to revise offer for MTN right now, to remain in talks till July 31 -MTN institutional investors eye Bharti raising MTN bid to ZAR 200/share RIL – From NW18 -DGH (directorate general of hydrocarbons) object…

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NEW YORK (Reuters) – Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors. The U.S. manufacturing sector contracted in May but at a slower rate than expected and posted its …

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WASHINGTON (AP) — President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as “reluctant shareholder” when it assumes a 60 percent ownership of the smaller carmaker that emerges. The president said …

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