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October 02, Thursday 2014 9:57 PM       
       HEADLINES: CPI State conference in Kottayam                                              12 blacklisted pharma companies enter Kerala market                                              Director Priyadarshan’s mother dies                                              Fair price of land to be raised by 50%                                              Gold seized in Nedumbassery                                              'Thank you America', says Modi before leaving for India                                              Geete rules out resignation, says Sena still NDA part                                              National Herald case: Delhi HC to hear Sonia, Rahul Gandhi’s plea on Nov 3                                              First case of Ebola diagnosed in US                                              India may seek help of US for Dawood's extradition                                              Thank You America : Modi tells US before leaving for India                                              US, India to collaborate on Mars exploration                                              Inconsolable Sarita refuses bronze, medal with organisers                                              Kaumudi Facebook
         Mallya gets shareholders' nod to continue as USL chairman    
NEW DELHI: Liquor baron Vijay Mallya has been re-elected as non-executive director and chairman of United Spirits at the annual general meeting of the liquor major.

         Maruti Suzuki India September sales up 4.6% at 1,09,742 units    
NEW DELHI: The country's largest carmaker Maruti Suzuki India today reported 4.6 per cent increase in its total sales in September 2014 at 1,09,742 units as against 1,04,964 units in the same month previous year.

         Maruti to recall 69,555 units of old Dzire and Swift, Ritz    
NEW DELHI: Maruti Suzuki India today announced recall of 69,555 units of Dzire, Swift and Ritz models manufactured between March 2010 and August 2013 to repair wiring harness fitment.

         Accept self-attested documents to open account: RBI to banks    
MUMBAI: The Reserve Bank today relaxed 'know your customer' norms by allowing self-certification of documents needed for opening bank accounts.

         RBI keeps interest rates unchanged    
MUMBAI: Reserve Bank Governor Raghuram Rajan on Tuesday left all key rates unchanged citing increased risks to inflation and difficult external situation especially on the geopolitical front. This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to cut rates to boost economy.

         Govt cancels SEZs of Hindalco, Essar, Adani    
NEW DELHI: The government has cancelled approvals of nine special economic zones, including that of Hindalco Industries, Essar and Adani as no "satisfactory" progress was made to execute the projects.

         Sensex falls 29pts ahead of RBI policy;IT shares up on weak Re    
MUMBAI: The benchmark Sensex today fell about 29 points to end at 26,597.11 on weakness in interest rate sensitive banking and auto shares ahead of RBI's monetary policy review.

         Jan Dhan accounts cross 5cr mark, banks collect over Rs 3500cr    
MUMBAI: Banks have opened a whopping five crore accounts under the Jan Dhan scheme till September 25 and collected over Rs 3,500 crore in deposits, a top Finance Ministry official said here today.

         Gold glitters on festive demand, up Rs 590    
NEW DELHI: Gold regained its glitter to trade Rs 590 higher at Rs 27,550 per ten grams in the national capital today on the back of increased demand from jewellers and retailers, driven by ongoing festive and wedding season.

         S&P betters India's credit outlook to stable from negative    
NEW DELHI: Standard & Poor's today improved India's outlook to stable from negative saying the new political formation at the Centre has the capacity to push reforms and put the country back on high growth trajectory.

         Bullish on India, asset managers see billions of $ flowing in    
NEW YORK: As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.

         Indian bourses can help raise $100-150 bn capital every year:BSE    
NEW YORK: Pitching for stock exchanges to become a major avenue for raising capital and channelise them into investments, BSE's CEO Ashishkumar Chauhan today said that bourses can help companies garner USD 100-150 billion worth funds a year, marking an over ten-fold increase from current levels.

         Sensex drops 276 pts to 1-mth low; oil, metal stocks bleed    
MUMBAI: Markets today slumped for the third straight day with Sensex losing over 276 points to end at 1-month low on losses in metal, power and banking bluechips due to mass cancellation of coal mines and sharp drop in oil & gas shares on government deferring a hike in gas price.

         Pizza chain Sbarro to open 40 outlets in India by 2019    
NEW DELHI: US-based Pizza chain Sbarro is planning to open 40 'New York pizza' restaurants in north and east India as part of its expansion plans.

         Sensex recovers 50 pts in early trade on select buying    
MUMBAI: After yesterday's plunge, the benchmark BSE Sensex recovered over 50 points in early trade today on selective buying by participants amid covering-up of short positions by speculators ahead of monthly expiry in the derivatives segment.

         India's steel production grows by 1.7% in August    
NEW DELHI: India's steel production growth rate far outstripped the world average in August clocking a 5.2 per cent jump in August at 7.02 million tonnes (MT).

         Oil prices up after upbeat Chinese data, Syria bombing    
SINGAPORE: Oil prices rose in Asia today in response to better-than-expected Chinese manufacturing data and after the United States said it had led bombing raids against jihadists in crude producer Syria, analysts said.

         Sensex trades flat, IT stocks gain    
MUMBAI: A benchmark index of Indian equities markets was trading flat in the opening session of trade Tuesday, even as information technology (IT), entertainment, media, technology (TECK) stocks gained.

         Gold extends losses, down Rs 120 on global cues, weak demand    
NEW DELHI: Continuing its declining trend for the third day, gold today fell by another Rs 120 to Rs 26,850 per ten gram in the national capital, tracking weak cues from the global market where the precious metal was trading at an eight-month low.

         Nepal clears GMR's USD 1.5 billion Hydel project    
HYDERABAD: The GMR Group today said it has signed a Project Development Agreement for 900 MW Upper Karnali Hydro Power project with the Nepal government.

         Gold hits 14-month low, dips below 27k level    
NW DELHI: Extending its losses, gold prices today dipped below the Rs 27,000-mark by losing Rs 40 to trade at about 14-month low of Rs 26,970 per ten gram in the national capital on sustained selling by stockists amid a weak global trend.

         RBI tells banks to be careful about Jan Dhan Yojana    
KOLKATA: The Reserve Bank today warned the banks to be more careful while opening accounts under the Jan- Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs 1 lakh insurance cover.

         Gold tumbles by Rs 440, dips to over 3-mth low on global cues    
NEW DELHI: Gold prices tumbled by Rs 440 to hit over three-month low of Rs 27,010 per ten gram in the national capital today on heavy selling by stockists, triggered by a weakening global trend.

         Bosch: Strike enters 4th day, union seeks govt intervention    
BANGALORE: As efforts continued to end the four-day old strike at German auto component major Bosch's Adugodi plant here, the union today sought government's intervention and said it would continue the stir till they get "justice."

         EPFO makes it mandatory to provide workers' bank a/c numbers    
NEW DELHI: Retirement fund body EPFO made it mandatory for firms to provide their employees' bank account numbers with IFSC code of bank branch to facilitate allotment of universal PF account number and payment to its subscribers.

         Mkts cheer Fed policy, China ties; Indices up most in 3 mths    
MUMBAI: Markets today rose the most in over 3 months with Sensex jumping 481 points to 27,112.21 and Nifty soaring over 139 points to 8,114.75 as FIIs pumped funds on Fed's pledge to retain rates at low levels for a considerable time and rising optimism over India's trade ties with China.

         SBI controls half the mobile banking share    
MUMBAI: With a whopping 11.5 million (1.15 crore) registered users, State Bank of India (SBI) generates around 50 percent of all mobile banking transactions, RBI data revealed here Thursday.

         Indigo inks $2.6 bn leasing deal with Chinese bank    
NEW DELHI: Budget passenger carrier IndiGo has signed a $2.6 billion finance and leasing agreement with the Industrial and Commercial Bank of China (ICBC) under which the latter will finance more than 30 new aircraft, it was announced here Wednesday.

         Quikr gets USD 60 million funding    
MUMBAI: Online classifieds firm Quikr today said it has raised USD 60 million funding for business expansion. Tiger Global Management along with all existing investors in the company participated in the funding, Quikr said. The current investors are Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc.

         FIPB clears 21 FDI projects, rejects Sistema Shyam's proposal    
NEW DELHI: Foreign Investment Promotion Board today cleared 21 proposals including that of Bharti Shipyard, but turned down the Sistema Shyam's request to raise foreign holding.

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