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| India Inc takes swap route to beat FCCB redemption blues | 21-NOV-09 |
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| Indian companies have discovered a new path to beat the redemption pressure on their Foreign Currency Convertible Bonds (FCCBs). They are swapping the old FCCBs, which had high conversion premium, with new bonds at a much lower rate. |
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| Suzlon Energy's three promoters pledge 2.8 cr shares | 20-NOV-09 |
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| Wind power turbine maker Suzlon Energy today said its three promoters have, in total, pledged a further 2.80 crore shares, taking the total shares pledged by the company's promoters to 28.28 per cent. |
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| Forex reserves up at $286.376 billion | 20-NOV-09 |
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| India's foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today. |
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| Possibility of a financial crisis cannot be ruled out: Rangarajan | 20-NOV-09 |
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| With the developed world seeing a fragile recovery from the recession, projected to be a modest 1-2 per cent in the second half of 2009-10, a further financial crisis was not completely ruled out, said C Rangarajan, chairman of the Economic Advisory Council (EAC) to the Prime Minister. |
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| RBI starts brainstorming on HR challenges | 20-NOV-09 |
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| The top management of the Reserve Bank of India (RBI) will brainstorm for three days, starting this evening, to find ways to deal with the growing manpower challenges that the central bank faces. |
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| Subir Gokarn appointed RBI deputy governor | 19-NOV-09 |
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| The government today appointed Subir Vithal Gokarn, Standard and Poor’s Asia-Pacific Chief Economist and a Business Standard columnist, as the fourth deputy governor of the Reserve Bank of India (RBI). |
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| BHEL in search of partner | 19-NOV-09 |
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| Bhel is scouting for a technology partner for its ambitious nuclear turbine and reactor project. The company is likely to set up a unit of 700 Mw and a 1,000 Mw nuclear turbine unit in Bhopal. |
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| Subir Gokarn appointed RBI deputy governor | 18-NOV-09 |
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| Global rating agency Standard & Poor's Asia Pacific Chief Economist Subir Gokarn has been appointed as Reserve Bank of India's (RBI) deputy governor in place of Rakesh Mohan who quit months ahead of his retirement. |
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| Rupee gains 8 paise to 46.22 vs $ | 18-NOV-09 |
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| The Indian rupee today inched higher by 8 paise to 46.22 against the US dollar in early trade on expectations of fresh capital inflows by foreign funds into Indian bourses. |
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| RBI proposes fund for urban co-operative banks | 18-NOV-09 |
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| A panel set up by the Reserve Bank of India (RBI) has recommended the setting up of an emergency fund to help urban cooperative banks (UCBs) tide over liquidity problems. In addition, it has proposed that a national-level umbrella organisation be set up to provide ATM, investment banking and cash management services to these entities. |
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