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Eurozone in deepening recession, says PMI survey

Eurozone in deepening recession, says PMI survey

Europe appears headed for a deepening economic recession despite a recent easing in market concerns over the three year debt crisis, a closely-watched survey found Thursday. Financial data company Markit…

Air India gets second Boeing 787 Dreamliner, plans new routes

Air India gets second Boeing 787 Dreamliner, plans new routes

Air India has received its second Boeing 787 Dreamliner and is planning to open new international routes using the aircraft to destinations in Australia and southeast Asia. Notably, the national…

BSE Sensex down on political crisis

BSE Sensex down on political crisis

Funds and retail investors trimmed positions due to political crisis following Trinamool Congress, a key UPA ally, decision to withdraw its support to the government that pulled the BSE benchmark…

Left, BJP come together to protest against FDI in retail

Left, BJP come together to protest against FDI in retail

Government’s decision to allow FDI in multi-brand retail trade brought the Communists and Bharatiya Janata Party (BJP) leaders together on Thursday, who took out a rally in New Delhi to…

Steel production target may be met: Govt

Steel production target may be met: Govt

Government today expressed confidence of meeting the steel production target for the current financial year. Steel Secretary D R S Chaudhary, said the brown field expansion programmes of public and…

UBHL auditors raise concern over Kingfisher exposure, defaults

UBHL auditors raise concern over Kingfisher exposure, defaults

Auditors of UB group’s holding firm, UBHL, have raised concerns over its significant exposure to debt-ridden Kingfisher Airlines, as also on delays and defaults related to tax dues and repayments…

SBI cuts base rate by 25 bps, others likely to follow suit

SBI cuts base rate by 25 bps, others likely to follow suit

State Bank of India on Tuesday became the first bank to reduce the lending rate by 0.25 per centafter RBI’s policy announcement on September 17. Other banks are likely to…

Investments through P-Notes rise to $26 bn in August

Investments through P-Notes rise to $26 bn in August

Investments by rich overseas entities through ‘Participatory Notes’ into Indian markets rose to five-month high of Rs 1,41,710 crore (around $26 billion) in August, even as funds pumped into equities…

Transporters strike over diesel price hike

Transporters strike over diesel price hike

Around 75 lakh trucks and tempos went on a daylong token strike to protest the recent diesel price hike from Tuesday-Wednesday midnight. The call for strike has been made by…

Standard Chartered Bank – Latest Banking Sector Crack.

Standard Chartered Bank – Latest Banking Sector Crack.

Standard Chartered Bank is the third British bank to be ensnared in U.S. law-enforcement probes this summer. Barclays Bank agreed to pay $453 million to settle U.S. and UK probes…