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Car sales spring a surprise in September
After recording a fall in sales for two consecutive months, the car segment surprised experts with a marginal gain of 2.83 per cent by selling 108,823 units in a relatively slack month of September, which is when buyers generally postpone their purchase to the festive period.
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BPOs step up hiring amid global gloom
Even as IT majors are hiring in fewer numbers this financial year on the back of a slowing global economy and trauma in the banking, finance and insurance services (BFSI) sector, Indian business process outsourcing (BPO) firms--captive and pure play--appear bullish. They are increasing their headcount in the country, attributing their optimism to business ramp-ups over the last couple of months and an increased acceptability of offshore work.
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Prasar Bharati staff govt employees, says GoM
All those who joined Prasar Bharati before October 5, 2007, will be treated as government employees on "deemed deputation". At present, the status of these employees is not clear as they are treated as on "deemed deputation" and don't get the benefits of a government job like regular promotions, government housing and bonuses.
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Kingfisher, Jet in cost-saving alliance
The alliance, announced in a late night press conference on Monday, will involve code-sharing on domestic and international flights, an interline agreement, joint fuel management, common ground-handling services and cross-selling flights through the global ticketing system.
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RBI set to increase liquidity
In a move to boost liquidity, the government and the Reserve Bank of India are considering a special window to enable banks with farm loan relief scheme arrears, a major factor impacting liquidity, to raise funds. The move will help inject liquidity into the system till Parliament approves the Rs 25,000-crore reimbursement.
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Jet, Kingfisher announce alliance
"Both the partners recognise economic realities and benefits of the alliance. It is a meeting of both mind and heart," Vijay Mallya told reporters in Mumbai after emerging from a meeting with Jet Airways chief Naresh Goyal.
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Petitition against Singur land acquisition irks SC
The Bench questioned the locus standi of APDR, which claimed itself to be an old human rights organisation of West Bengal, for taking up the cause of farmers whose land were acquired by the state government for Tata Motors' Nano project. The project last week moved to Gujarat due to political protests led by Trinamool Congress.
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ONGC, GSPC to get higher price of gas
UBS Investment Research in its latest report estimated that ONGC and GSPC may get at least $5.5 per million British thermal unit for natural gas they will pump out from their respective Krishna-Godavari basin blocks. RIL is to get a fixed price of $4.2 per mmBtu for gas it would produce from Dhirubhai-1 and 3 fields in KG-D6 block
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Govt may ease foreign investment norms in banking, telecom
At present, foreign direct investment and foreign institutional investments are added to determine sectoral foreign investment cap in banking, credit information companies, broadcasting, commodity exchanges and telecom. But, with RBI allowing FIIs to acquire shares in companies under the portfolio investment scheme, the government is now likely to mandate that sectoral caps would henceforth be for FDI investment only, official sources said.
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Dish TV, TataSky plan to roll out DVR technology
The digital video recorder, which allows viewers to record programmes in one channel while watching another and
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