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High base spoils December IIP show
It may have been expected that the high base effect would limit industrial growth in December to less than six per cent. But, it was not anticipated that the continued contraction in mining output and a subdued manufacturing production would pull the numbers down to as low as 1.8 per cent. This has led Finance Minister Pranab Mukherjee to express his disappointment. The electricity sector in the larger

Builders feel investor heat, bite buyback bullet

Thursday was a big payday for Deutsche Bank (DB), which ended its tumultuous relationship with the Mumbai-based Lodha Group. For DB, the exit was a windfall — a neat 55 per cent profit in

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Now, ATMs can advertise financial products
Banks with a large network of automated teller machines (ATM) will now be able to generate additional revenue by advertising financial products offered by other institutions.

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BSE Sensex rises, Tata Steel up 4.4 %

The BSE Sensex nudged higher on Friday as Tata Steel rebounded from an early slump, and investors bet on rising foreign fund investments to underpin the market. Foreign funds have invested more than

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Deutsche Bank exits Lodha investment
Deutsche Bank has logged a major gain before it exited a four-year-old investment in a Lodha group firm for Rs 2,542 crore, by making a neat profit of 55 per cent or Rs 902 crore ($180 million).

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Sensex zooms 123 points up, FII interest intact (Roundup)
A late rally helped a benchmark index of Indian equities markets close 123 points up Thursday, with metals and realty stocks gaining the most. Support also came in from overseas investors, who have already poured in over $1.6 billion during the month.

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