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Business

New govt must focus on plans to sustain 9 pc GDP growth: Hinduja

Outlining the agenda for the new UPA-led government in India, noted NRI entrepreneur Srichand P Hinduja has suggested a series of measures, including short and long-term, to provide investment opportunities of at least USD 1 trillion to sustain an economic growth of minimum 9 per cent
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Poll results pave way for PSU share-offering

With the UPA set to form a government without the support of the Left and other smaller parties which have fixed ideology against divestment, the PSU firms are expected to tap the stock market route in an aggressive way for raising resources....
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Markets await bull run tomorrow with UPA on board without Left

Enthused by the decisive verdict to UPA, the stock markets could witness a strong rally of up to 1,000 points with investors particularly rejoicing that the new government would be without the influence of Left parties....
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UPA victory to ensure continuity in the planning process

The UPA victory will ensure continuity in the planning process during the remaining period of the ambitious 11th Five Year Plan (2007-12), at a time when the economy is braving the global financial meltdown....
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Uncertainties on govt formation reverse Sensex rise

The Bombay Stock Exchange 30-share barometer initially touched a high of 12,026.60 but tumbled to a low of 11,621.30 before concluding the day at 11,682.99, a steep fall of 193.44 points or 1.63 per cent from its previous close....
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Gold recovers on firm global cues, silver spurts by Rs 435

Gold prices today recovered by Rs 40 to Rs 14,820 per 10 gram in the bullion market here on fresh buying by stockists and jewellery fabricators amid better global trend. Silver also spurted by Rs 435 to Rs 22,635 per kg on increased offtake by industrial units....
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SEBI wants cos to provide 100 pc cover for listing of bonds

"The issuer shall ensure ... Create and maintain security ensuring 100 per cent security cover for listed secured debt securities at all times and ensure that charges on the assets are registered," the market regulator said....
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Maruti to increase R&D headcount to 1,000 by FY10

The country's largest carmaker, Maruti Suzuki India, will be increasing headcount in its R&D division to 1,000 by the end of March 2010, as the firm gears up to meet parent Suzuki Motor Corp's aim of making the Indian subsidiary global hub for small car development....
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Anti-offshoring pitch, H-1B visa cap may affect biz: Infosys

Expressing concerns over the possible measures by foreign countries, especially the US, to restrict off-shoring and movement of work visa-holders, Indian IT bellwether Infosys has said that such steps could adversely impact the company's business....
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Prices of essential commodities high: admits PM

"Our granaries are full and we will end the current year with record food stocks. Foodgrain production, which was only 213 million tonnes in 2003, hit a record of 231 million tonnes in 2007-08," he said....
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