Sensex tanks 298 pts, metal, auto stocks fall
SME Times News Bureau | 16 May, 2012
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| A benchmark index of Indian equities fell 298 points Wednesday as concern over eurozone and a depreciating rupee weighed on sentiments. Metals, auto and consumer durable stocks came under intense selling on heavy funds outflow.
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Railways should rationalise tariffs: CAG
SME Times News Bureau | 16 May, 2012
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| Noting that the Indian Railways are in the red financially and have not been able to meet the cost of operating passenger and other services, the Comptroller and Auditor General Tuesday said the national transporter should rationalise both passenger and freight tariffs and explore alternate sources of financing.. |
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India mulling free trade pacts with African countries
SME Times News Bureau | 16 May, 2012
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| India is exploring possibilities of entering into free trade pacts with regional groupings of African countries such as the 19-nation Common Market for Eastern and Southern Africa (COMESA), Minister of State for Commerce and Industry Jyotiraditya Scindia said Tuesday.
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Sensex closes 112 points higher
SME Times News Bureau | 15 May, 2012
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| The Bombay Stock Exchange (BSE) Tuesday closed 112.41 points higher led by capital goods, metal and IT stocks after higher trends in European markets. . |
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Govt says no wrongdoing in clearing Aircel-Maxis deal
SME Times News Bureau | 15 May, 2012
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| Dismissing opposition charges that led to an uproar in Parliament yet again, the government Monday denied any wrongdoing in granting clearance to the Rs.4,000 crore Aircel-Maxis deal in 2006, particularly the involvement of then Finance Minister P. Chidambaram in the decision.. |
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