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Business Standard | Front Page Headlines
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The latest news from India's most respected business daily.
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Liquor prices to rise on high input cost
Liquor companies are set to raise prices, thanks to the hike in the cost of molasses, a by-product of sugar which is used to make potable alcohol.
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Maharashtra FM moots `exclusive` club of progressive states
Maharashtra Finance Minister Jayant Patil has floated a consultation paper on the concept of creating an exclusive club of progressive states to act as a pressure group for their developmental needs.
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Essar may join race for CSN`s ore mines
After Tata Steel, Essar Steel is likely to join the race for Brazilian miner and steelmaker CSN's Nacionale Minerios (Namisa), a fully integrated iron ore company, ??Sources close to the development said Goldman Sachs has approached Essar with the acquisition proposal and the company was considering it.
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Finance ministry rejects NTPC`s FPO
In a setback to NTPC, India's largest power producer, the government has turned down the public sector company's proposal to raise nearly Rs 6,000 crore through a follow-on public offering (FPO).
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Nano component suppliers ask Tata to up price
Pressure is growing on Tata Motors' ability to hold the price tag of Rs 1 lakh for the Nano with leading auto-component suppliers saying they have approached the company for a price increase.
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Terror jolts Jaipur economy
On Tuesday morning tour operators were juggling dates as they struggled to find rooms in Jaipur in what has traditionally been the lean season.
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Tata group moves to secure key companies
To up stakes in 'globally active' firms by 3 to 4% this year. ??The Tata group, India's second-largest private conglomerate with 98 companies, plans to increase the promoter stake in half-a-dozen globally-active subsidiaries by three to four per cent through creeping acquisitions and preferential bond and warrant issues in the current financial year to defend them from predatory attacks.
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Toyota India deputy MD quits to join Volkswagen
After spending nearly 11 years in Toyota Kirloskar Motors (TKM), Deputy Managing Director K K Swamy and the company's public face, has resigned with effect from May 12.
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Pvt power capacity addition may outshine govt programme
Even as the government struggles to meet its power capacity addition target of about 78,000 Mw in the Eleventh Plan (2007 to 2012), power plants with a capacity of more than 100,000 Mw are under construction outside of this government plan, and most are likely to be commissioned in 2011-12.
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FM cuts subsidy to oil firms
There were two shockers for the cash-strapped government owned oil companies late Tuesday.
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Sebi eases refund mode for new share applications
The Securities and Exchange Board of India (Sebi) today kicked off reforms of the public offer process by putting in place an alternative mechanism for the payment of application money for public offers and rights issues.
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Kansagras want to exit SpiceJet
The UK-based promoter-director Bhulo (Bhupendra) Kansagra of Delhi-based low-cost carrier SpiceJet is willing to divest the family stake in the airline if the valuations are right.
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Bajaj, Renault, Nissan sign JV for small car
Codenamed ULC, $2,500 car scheduled for 2011. ??After six months of negotiation, Bajaj Auto today announced its joint venture with European car maker Renault and Japanese giant Nissan to manufacture a small car in India with a wholesale price tag of $2,500 (Rs 1.03 lakh).
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Industrial growth at 6-year low in March
In a clear pointer to slower economic growth, industrial production fell to a six-year low of 3 per cent in March 2008 against 14.8 per cent in the same month last year.
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Met dept declares 2007 fourth warmest year since 1901
With the India Meteorological Department (IMD) declaring 2007 the fourth warmest year on record since 1901, evidence of global warming on the Indian climate is crystallising.
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