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Hindalco aluminium business may face challenges in near term

Refined copper consumption growth is seen at 4.9% in 2013

Primary task is to restore confidence in economy: PM

Says there is also a need for fresh thinking on fixing macroeconomic targets

Finished jewellery import becomes cheaper

Jewellers have started importing finished jewellery instead of gold to sell directly in their retail stores

Rupee may touch a new-low; yields expected to rise further

The yield on the 10-year government bond rose by 40 basis points on Friday compared with Wednesday's close of 8.50%

Economic history recurs because we don't learn from it: Subbarao

Outgoing RBI Governor says the challenge for Raghuram Rajan is to make RBI a knowledge institution

Multi-agency panel to probe NSEL mess

However, govt still undecided on next steps, with continuing doubts over jurisdiction; FMC promises to ensure smooth claims settlement

After bloodbath, options elude investors

Investment managers divided on whether it's now an opportunity to invest or to maintain caution and withdraw for a while

Moody's downgrades ratings for PNB, BoB & Canara Bank

Says tough times ahead for Indian banks as bad loans balloon, margins take a hit

Educomp lays off 3,500 in three months

Slaps recovery notices on 750 defaulting schools

University affiliations to be capped

A national higher education campaign has submitted a proposal to HRD min; say this is to maintain proper academic standards

MFN to India after removal of trade barriers: Islamabad

Trade talks have reached a hiatus once again after reports of cease-fire violations along LoC

Despite price increases, diesel underrecovery back to Rs 10-mark

Rise in under-recovery pushed by fall in rupee to Rs 61.52 versus dollar, rise in international prices to $108.59 per barrel

Email alarm made government close arbitrage window

Last year, Indian individuals remitted about $1.3 bn abroad while Indian companies used about $7 bn to invest abroad

NSEL asked to cut settlement calendar

FMC wants forensic audit of exchange's books, questions credibility of its claims

Bond auction partially devolves as yield rises

Negative sentiments in bond market led to partial devolvement in govt bond auction

ICICI Bank hikes term deposit rates by 50-75 bps

The bank has, however, kept its base rate or minimum lending rate, unchanged at 9.75%

RBI taking India back to the 80s: India Inc

A host of big Indian companies have made acquisitions abroad in last five years to grow their businesses

No intention of imposing capital controls: FinMin

Finance Minister says jobless claims in US do not impact India, markets all over world have taken a hit

Civic body spanner in Piramal's Mumbai luxury towers plan

Last year, the Ajay Piramal group of companies bought the plot from HUL for Rs 452.2 cr

London to Delhi, lenders & lessors pile suits against UB

Group's Kingfisher Airlines has accumulated losses of Rs 16,023 cr and its net worth is in the negative