MUMBAI: The ministry of external affairs is planning to hike passport fees by at least Rs 199, according to a ministry official. This follows the ministry inking a 6-year outsourcing deal with Tata Consultancy Services that is worth around Rs 1,000 crore. …

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WASHINGTON (AP) — The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials sa…

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MUMBAI / BANGALORE / NEW DELHI: It is a clear sign of desperate times. Two of the fiercest rivals for control of Indian skies, Jet Airways and Kingfisher Airlines, embarked on an extraordinary move to work out an operational alliance in a bid to rein in runaway losses. …

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MUMBAI: Stocks opened sharply higher Monday, joining the global party after governments across the world unveiled more measures to restore confidence in the troubled financial system. National Stock Exchange’s benchmark Nifty climbed 144 points to 3635. Bombay Stock Exchange’s 30-shar…

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Axis Bank on Monday announced a net profit of Rs 402.91 crore for the second quarter ended September 30, a 76.85 per cent growth for the corresponding period a year-ago.The Bank had a net profit of Rs 227.82 crore in the September quarter of FY’08, it said in a filing to the Bombay …

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State-run Oil and Natural Gas Corp and Gujarat State Petroleum Corp are likely to fetch a minimum of 20 per cent premium over the USD 4.2 per million unit price fixed for Reliance Industries’ gas field. UBS Investment Research in its latest report estimated that ONGC and GSPC may ge…

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HONG KONG (AP) — Global stock markets rebounded strongly on Monday after last week’s historic sell-off as governments from Europe to Australia and the U.S. intensified efforts to ease a financial crisis that threatened to the throw the world into recession.Hong Kong’s Ha…

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MUMBAI: Sustained buying in index heavy-weights, especially ICICI Bank, helped benchmarks surge over 6 per cent Monday. Major interest was seen in banks, metals and IT stocks. At 1 pm, Bombay Stock Exchange’s Sensex was at 11214.37, up 686.52 points or 6.52 per cent. The 30-share index …

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MUMBAI: After a series of damage control measures, the ICICI Bank authorities seem to have dispelled all the negative impact of the malicious rumrurs against it. The stock which was down 20 per cent last week, is now up by 20.91 per cent on the NSE. Around 1pm, the volume of trading for I…

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MUMBAI: Tata Consultancy Services (TCS) has entered into a deal worth over Rs 1000 crore with the ministry of external affairs for digitising and simplifying the passport issuance process. Under the Passport Seva Project (PSP), the ministry expects new passports to be issued in three day…

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