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TRAI fixes Rs 19 as fee for mobile users to switch operators

Telecom regulator TRAI on Friday said mobile operators can charge not more than Rs 19 from customers for switching to another operator under the proposed Mobile Number Portability scheme. The per port transaction charge will be Rs 19 and the subscriber will not be charged more than that. However, operators are free to levy any [...]

PM to focus on inclusive growth at 9 pc for next few years

Prime Minister Manmohan Singh has said his agenda for the next few years is to bring India’s economy back to 9 pc growth rate and ensure the benefits of development reach everyone. The Prime Minister told The Washington Post in an interview days ahead of his visit to the US that he wants the growth [...]

Hershey may launch $17 bn bid for Cadbury: Report

Hershey Co. may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reported on Friday. The bid wouldn’t be ready for two weeks and the terms are in flux, the newspaper says people close to the matter have [...]

Oil prices up in Asian trade but still below USD 78

Oil rose in Asian trade on Friday as investors bought the commodity at more attractive prices, but concerns over the strength of the global economic recovery has injected caution into the market. New York’s main contract, light sweet crude for December delivery, climbed 18 cents to USD 77.64 a barrel after slumping USD 2.12 in [...]

More pulses, vegetable and less oil in mid-day meal from now

The mid-day meal, provided to nearly 12 crore school children everyday, will now be higher on nutrition with more pulses and vegetables and less oil in the meals. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Manmohan Singh, on Thursday approved the revision of the National Programme for Mid Day Meal in [...]

Sensex down 118 points in opening trade on global cues

Continuing its slide for the third straight session, the BSE benchmark index Sensex lost nearly 118 points in opening trade on Friday on increased capital inflows by funds and retail investors, triggered by weak global markets. Sentiments also dampened on fears that the government might step in to check the rush of foreign funds. The [...]

Rs 7,266-crore package for Bundelkhand cleared

The government on Thursday cleared a Rs 7,266-crore package for the development of the drought-hit Bundelkhand region and decided to set up a monitoring group to oversee its implementation. The decision to this effect was taken at a meeting of Union Cabinet chaired by Prime Minister Manmohan Singh. Cabinet also cleared first phase of Jawahar [...]

Oil down in Asian trade after breaching USD 80 mark

Oil prices cooled in Asian trade on Thursday after breaching USD 80, spurred mainly by a decline in US energy stocks, analysts said. New York’s main contract, light sweet crude for December delivery, fell 21 cents to USD 79.37 a barrel. Brent North Sea crude for January delivery was off six cents at USD 79.41 [...]

Food inflation rises to 14.55 pc

Food inflation shot up to 14.55 per cent for the first week of November as pulses, mutton and spices turned costlier. Against this, food inflation stood at 13.68 per cent for the week ended on 31st October. Prices of urad rose by 9 per cent, mutton and moong by 4 per cent each, while condiments [...]

Sensex down 70 pts in early trade on Asian cues

The Bombay Stock Exchange benchmark Sensex on Thursday fell by around 70 points as funds and retail investors indulged in booking profits amid weak Asian markets. The Sensex, which had lost 51.87 points in Wednesday’s choppy trade, moved further down by (A70.68 points to 16,928.10 in early trade. The wide-based National Stock Exchange index Nifty [...]

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