More from Finance

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Terror strikes see Pak private security firms laughing their way to the bank

Lahore, Nov.3 (ANI): While several businesses are under severe threat of being closed down due to the continuous spate of violence in Pakistan, private security companies are doing brisk business in the country amid the turbulent situation. The demand of private security personnel is so high, that not only these firms are rapidly adding to the .. more »

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Economy likely to grow by 8 per cent next fiscal: Plan panel

India's economic growth rate is expected to accelerate to eight per cent in the next fiscal from 6.3 per cent projected for the current financial year, the Planning Commission has said. The Commission in its recent assessment of the economy also expects economic growth to go up to nine per cent in 2011-12, and further to 10 per cent in .. more »

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Suicide bomber kills 20 near Pakistan hotel

A suicide bomber on a motorbike ripped through a queue of people collecting salaries near a four-star hotel in Pakistan's city of Rawalpindi, killing 20 people, a police official said. "The suicide bomber came on a motorcycle and blew up close to people gathered to get salaries. We found parts of a suicide vest and some body parts of the suicide .. more »

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Tata Motors sales up 34 percent in October

"The company's domestic sales of Tata commercial and passenger vehicles for October 2009 were 50,552, a 40 percent growth over 36,168 sold in October last year," the statement said. "Cumulative sales (including exports) for the company for the fiscal at 326,895, recorded a growth of 7 percent over 305,438 sold last year," it .. more »

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RIL: Refining margins weak

Lower than anticipated gross refining margins (GRMs) pulled down the Reliance Industries (RIL)’s refining margins for the September 2009 quarter as a result the company’s earnings fell 6 per cent year-on-year though they rose 5 per cent sequentially. GRMs for the quarter were at $6 a barrel compared with $6.8 a barrel in the June .. more »

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Auto majors buoyant as sales pick up

After the initial slump in sales this year, the auto sector is riding high on the festive season and the new brands have registered a spurt in sales in October. Auto Majors like Tata Motors, Maruti Suzuki India, General Motors India and Hyundai Motor India have registered a significant growth in sales last month compared to the sluggish sales in .. more »

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Japan starts growing roots in Gujarat

Officials on either side toiled hard to take business ties forward but results were far from satisfying. Finally, the investment promises made by Japanese companies over the years have started to show on the ground. Last month, Idemitsu, a leading petroleum company, has identified land for its Rs 125-crore lubricant manufacturing plant in Jhagadia. .. more »

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Auto sales vroom 30% on festive spirit

Sales of cars and utility vehicles showed an upward trend again in October as the festive frenzy continued to drive consumers to showrooms, pushing retail sales and clearing the inventory stock pile of vehicles swiftly. Market leader Maruti Suzuki and Hyundai Motors, which led the growth charts during October, stated that sales during the .. more »

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'Economy may grow 8% next fiscal'

The Commission in its recent assessment of the economy also expects economic growth to go up to 9% in 2011-12, and further to 10% in 2014-15. These assumptions were made by the Planning Commission while projecting the state of government finances before the Eleventh Finance Commission recently. The global slowdown has pulled down India's economic .. more »