INDIA

India's Central Bank Posts 15 pct Decline

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State-run Central Bank of India has posted a decline in net profit for the fiscal quarter ended March 31, 2008 of 14.7 percent, at Rs.127.20 crore ($31.8 million) as against Rs.149.13 crore ($37.28 million) in the corresponding quarter a year earlier.
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Indian Gold futures up on back of global reports

MUMBAI: India's gold futures were higher on Monday as overseas markets rebounded after a sharp sell off on Friday, but analysts had mixed views about the trend for the day, reports Reuters .
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Oil floats on infinity and beyond

By Edward Tapamor A number of factors have been underpinning the new highs set by the crude oil market this week. The most obvious is the perennial tightness in the market that will simply n...
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Rice Rallies Boosted by Shrinking Global Supply

Rice advanced in Chicago after Turkey and Philippines sought cargoes of the grain due to declining global supplies. Rice for May delivery increased by 3.3 percent or 75 cents, to $23.30 per 100 pound...
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MySpace Launches Social Networking Site in India

Social network portal MySpace, a unit of Rupert Murdoch's News Corp., launched its India-dedicated Web site on Thursday, named MySpace India, expanding its presence into 29 global regions.MySp...
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Want to pay Gold prices for food?

By Emanuel Balarie With all the talk about housing, a declining US Dollar, and the inevitable recession, many people may be overlooking a potentially more devastating economic factor, writes...
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BSE Sensex climbs 2.2 percent, boosted by Infosys results

The prime index of the Bombay Stock Exchange (BSE), the Sensex, surged 2.19 percent, Tuesday, to its highest close in two weeks, as positive Q4 results announced by IT bellwether Infosys Technologies boosted market sentiments.
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Toyota Eyes Small Car Market in India

Toyota Kirloskar Motor (TKM), the automotive joint venture between Japan's Toyota Motor Corp. and India's Kirloskar Group is set to invest Rs.1400 crore ($350 million) on a new plant in Bangalore from where it will roll out its small car in a bid to tap the largest segment of car market in India.
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BlackBerry to Discuss with India Security Issues Related to its Service

Research In Motion, maker of BlackBerry, will hold talks with India's government next week on Tuesday, to resolve India's security concerns, in which the country alleges it can't readily monitor BlackBerry services, while many emails sent through BlackBerry devices are not easily traceable.
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'I am Bullish on All the Metals'

Greg McCoach is an entrepreneur who has successfully started and run several businesses the past 22 years. For the last eight of these years he has been involved with the precious metals industry as ...
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Tata Motors, Fiat JV to invest $585 million, ramp up production

Fiat India Automobiles (FIA), the equal joint venture between India's Tata Motors and Italy's Fiat, will invest Rs.2341 crore ($585 million) on its Ranjangaon facility in western Maharashtra to double output to 200,000 cars in four years as well as expand engines and transmissions output to 300,000 units from 200,000 and also boost parts and accessories during the same period.
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China Likely to Outpace US by 2025

World's largest tax advisory, audit and consultancy services provider, PricewaterhouseCoopers (PwC) has suggested that the emerging markets like India and China is fast becoming the hub of global economic activity with China likely to outpace the US by 2025.
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Surge in banking stocks helps BSE Sensex climb 203 points

The 30-share benchmark sensitivity index of the Bombay Stock Exchange (BSE), the Sensex, rallied, Wednesday, to climb 1.30 percent or 202.89 points to end up at 15,790.51 with 17 components rising, boosted by a late run in banking stocks even as Asian markets all around tumbled.

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