Archive for the ‘telecom’ Category

Fiscal deficit at $65.7 billon for Apr-Nov: Govt

The fiscal deficit of India for the period between April to November stood at Rs 3.06 trillion ($65.7 billion), or 76.4 percent of the full-year target, the government said in a statement on Thursday. The tax receipts stood at Rs 2.33 trillion and a total expenditure stood at Rs 6.22 trillion for the first eight [...]

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Dubai Debt News Sent a Shudder Throughout World Markets

Just a year after the global downturn  derailed  Dubai’s explosive growth, the  city is now  so  swamped  in  debt that  it’s  asking  for a  six-month  reprieve  on  paying  its bills.   This has cast a shadow on a world only just emerging from the worst economic crisis since the 1930s,  knocking markets  from Sydney to [...]

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Govt Not to Impose Restrictions on Foreign Borrowings

  The government ruled out limiting companies from borrowing money from overseas market stating that the rise in foreign money is not a matter of concern at present and there is no such proposal. However, companies are permitted to raise $500 million annually under the automatic route while infrastructure firms under the approval route can [...]

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NEWS ROUND UP – ECONOMY & INDUSTRIAL SECTORS

Hello Friends here we come up with the Latest News round up from Indian Economy and various industrial Sectors of the country. Economy ·India’s industrial output rose at a faster-than-expected 9.1 percent in September from a year earlier. Manufacturing production rose 9.3 percent in September from a year earlier. · The green shoots visible in [...]

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Indian Stocks Rose After Govt Approved Disinvestment Plans

Indian stocks rose, extending the benchmark index’s longest string of gains in five weeks, after the government approved a plan to sell more shares in state- controlled companies, helping it raise funds to boost spending. MMTC Ltd., India’s biggest state-owned trading company, surged 20 percent, the most in 10 months. Rico Auto Industries Ltd., an [...]

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Downward Movement Hits Indian Equities Markets

Indian equities markets entered into a consolidation zone with analysts terming the downward movement as long expected. A benchmark index fell 5.44 percent from its last weekly close and ended trade below the 16,000-mark. The 30-share sensitive index (Sensex) ended 914.53 points, or 5.44 percent lower, at 15,896.28 points at the weekly close Friday, as [...]

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NEWS CAPSULES

Hello Friends, Last week witnessed lots of action with results of some major companies coupled with the RBI’s monetary policy. Moreover, Week gone by, Indian markets turned distinctly weak as a sluggish global trend continued to cast a shadow on markets. Having said that here we bring you latest updates from the Indian market and [...]

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Telecom Stocks Continues To Plunge Down :(

Shares of telecom companies continued to decline amid the ongoing tariff war and the losses of market leaders like Bharti Airtel and Reliance Communications so far this month almost at par. Since the tariff war started, Bharti Airtel, which enjoys the largest market share, has declined over 23 per cent, while Anil Ambani led Reliance [...]

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ULIP service charges to reduce from October :)

Unit-linked insurance plan (ULIP) holders are expected to be bombarded with communication from insurers on reduction in ULIP charges due to IRDA’s strictures on capping ULIP charges on new launches, coming into force from October 1. However, in July, the insurance regulator had issued a order to life insurers on putting a ceiling on their [...]

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Stock Markets Reversed Early Losses, Sensex & Metal Stocks..Up :)

India’s benchmark stock index rose the most in a week, reversing earlier losses. Sterlite Industries (India) Ltd. and Hindalco Industries Ltd. led commodity producers higher after metals prices jumped. Sterlite, the nation’s largest copper producer jumped 3.1 percent after the price of the metal gained and the stock’s rating was lifted at Nomura Holdings Inc. [...]

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