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Feb 23, 2012
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| Sensex stays under pressure…SBI gains while Bharti loses
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| India Infoline News Service/13:05,Feb 23, 2012 |
| At 1:01 pm (IST), the BSE Sensex was at 18,048, down 98 points over the previous close. It earlier touched a day’s high of 18,209 and a day’s low of 18,005. It opened at 18,127.
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| Subbarao doesn't want another term as RBI chief |
| India Infoline News Service/10:52,Feb 23, 2012 |
| In an interview with The Wall Street Journal (WSJ) Subbarao talked about his efforts to restart India's growth engine and to fight persistent inflation. |
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| RBI announces Rs 120bn OMO for Feb. 24 |
| India Infoline News Service/09:56,Feb 23, 2012 |
| The auction shall be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 24, 2012. |
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| Wall Street snaps three-session rally |
| India Infoline News Service/08:54,Feb 23, 2012 |
| The Dow Jones Industrial Average fell 27.02 points, or 0.2%, to end at 12,938.67, its first down day in four. Out of 30 Dow components, 20 closed lower. |
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| Rice procurement crosses 25mn tons |
| India Infoline News Service/08:35,Feb 23, 2012 |
| According to statistics 2,50,24,200 tonne rice has been procured by the various government agencies by February 22, 2012. |
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| European markets fall on PMI data |
| India Infoline News Service/08:35,Feb 23, 2012 |
| The Stoxx Europe 600 index closed 0.8% lower at 264.59. |
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| Indian carriers permitted to import ATF |
| India Infoline News Service/08:32,Feb 23, 2012 |
| Representations have been received to permit airlines to import ATF directly. The matter has been under consideration. |
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| Parliamentary panel discusses JNNURM Phase II |
| India Infoline News Service/08:31,Feb 23, 2012 |
| Unless there is such a cadre, it is difficult to have ownership. Nath told the Members that constitution of municipal cadre could be considered to be a pre-requisite for grant to a State under JNNURM-II. |
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| Top economy news of the day |
| India Infoline News Service/08:29,Feb 23, 2012 |
| Read below the Top economy news |
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Feb 22, 2012
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| Review of economy for FY12 - Summary |
| India Infoline News Service/18:00,Feb 22, 2012 |
| The Council projects a slightly higher growth for agriculture and construction than the Advance Estimates. |
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| FM asks CBEC to make extra efforts to meet FY12 targets |
| India Infoline News Service/17:58,Feb 22, 2012 |
| The Finance Minister Pranab Mukherjee said that GST will also remove barriers amongst States and convert the entire country into a common market. |
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| China’s flash manufacturing PMI improves |
| India Infoline News Service/17:52,Feb 22, 2012 |
| The preliminary 49.7 reading of the index from HSBC Holdings Plc and Markit Economics today compares with a final 48.8 in January. |
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| Eurozone composite PMI slips to 49.7 in February |
| India Infoline News Service/17:51,Feb 22, 2012 |
| The PMI for the services sector fell to 49.4 from 50.4 in January, while the manufacturing PMI rose to a six-month high at 49.0 versus 48.8 in January. |
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| Top Banking news of the day |
| India Infoline News Service/17:18,Feb 22, 2012 |
| Read below the Top Banking news of the day |
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| Top International news of the day |
| India Infoline News Service/17:15,Feb 22, 2012 |
| Read below the Top International news of the day |
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| Profit sales get the better of markets…Sensex, Nifty down over 1.5%
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| Siddhi Bajaj/17:06,Feb 22, 2012 |
| Markets were further pressured by European indices which gave up their early gains. |
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| CARE Ratings Economic Prospects for FY12 and FY13 |
| India Infoline News Service/14:29,Feb 22, 2012 |
| Government must effectively lay out a road map to achieve fiscal consolidation. Government borrowing programme must not affect the financing needs of the private sector. |
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| The Economist registers 26% growth yoy in India |
| India Infoline News Service/12:39,Feb 22, 2012 |
| The India performance is in line with the growth of The Economist globally. The world wide circulation of The Economist has passed the 1.5 million mark for the first time. |
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| Indian MSMEs heavily reliant on Debt Financing: CII Survey |
| India Infoline News Service/12:30,Feb 22, 2012 |
| In the short term, however, the reliance on debt is even more profound with close to 78% of MSMEs relying on debt as compared to 22% on equity. |
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| Idea Cellular files 'clarificatory application' over licence cancellation |
| India Infoline News Service/12:03,Feb 22, 2012 |
| The application is restricted to the UASL ((Unified Access Service License) applications made by the company in June 2006. |
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