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Just in:   • 'Huge investment essential to develop port infrastructure in India'  • December industrial output growth falls to 1.8 pc  • 'High costs of logistics a setback for SMEs'  • Sensex closes 82 pts lower as industrial output slows  • Give top priority to dedicated freight corridor project: PM  Last updated: 17 May, 2010    World News World's biggest offshore windfarm opens in Britain IANS | 10 Feb, 2012 The world's largest offshore windfarm opened off the coast of Cumbria in Britain Thursday..    Read more.... 'India's ties with Iran don't contradict relationship with US' SME Times News Bureau | 08 Feb, 2012 Amid mounting pressure from the US to reduce its dependence on Iranian oil, New Delhi has said its ties with Tehran do not contradict its relationship with Washington and stressed that it was opposed to the spread of nuclear weapons in West Asia..    Read more.... Australian Reserve Bank leaves cash rate unchanged IANS | 08 Feb, 2012 The Reserve Bank of Australia (RBA) announced Tuesday its decision to leave the cash rate unchanged at 4.25 percent following its February board meeting. .    Read more.... Obama orders freezing of Iran's property IANS | 07 Feb, 2012 US President Barack Obama has ordered the freezing of Iran's property under American jurisdiction, including that of the country's central bank, the White House said..    Read more.... Online orders surge after China spring holidays IANS | 06 Feb, 2012 Online retailers were overwhelmed by a flood of orders in the week following the spring holidays in China, a media report said Saturday. .    Read more.... Crude oil prices rise on positive US jobs data IANS | 04 Feb, 2012 Crude oil prices rose as the US jobs data for January came in better than expected, Xinhua reported..    Read more.... Facebook IPO to raise $5 bn, may overtake Google IANS/RIA Novosti | 03 Feb, 2012 Facebook has filed for an initial public offering (IPO) to raise at least USD 5 billion for the world's largest social network, according to documents posted on the US Securities and Exchange Commission website..    Read more.... Obama presents mortgage refinancing plan IANS/EFE | 02 Feb, 2012 President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates..    Read more.... US housing prices still falling IANS/EFE | 01 Feb, 2012 Prices of single-family homes in the 20 largest US metropolitan areas fell 1.3 percent in November from the previous month and 3.7 percent compared with November 2010, according to the latest S&P/Case-Shiller Home Price Indices from Standard and Poor's..    Read more.... 'EU ban on importing oil to cause hefty losses to Europeans' IANS | 31 Jan, 2012 The European Union (EU) ban on importing oil from Iran will be a "hefty economic loss" for the Europeans, the state-run Press TV quoted a senior Iranian minister as saying..    Read more....   Top Stories » December industrial output growth falls to 1.8 pc » 'High costs of logistics a setback for SMEs' » Give top priority to dedicated freight corridor project: PM » 'Sans barriers, Indo-Pak trade can reach $10 bn by 2015' » Concerns on food bill to be addressed: Thomas   Commented Stories » Starting an import export business: Basic guide for beginners(14) » SME marketing: Avoid a faulty approach(10) » Technology adoption -- an Achilles' heel for Indian SMEs(3) » RBI urges banks to provide advisory services to SMEs(3) » Policy on import of jet fuel silent on logistics: Experts(3)   Customs Exchange Rates Currency Import Export US Dollar 50.20 49.40 UK Pound 78.90 77.15 Euro 66.00 64.40 Japanese Yen 65.40 63.65 As on 10 Feb, 2012   Daily Poll Will the upcoming Procurement Policy help SMEs immensely?  Yes  No  Not sure

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