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"If gas was charged at $14.25/unit, then the cost of electricity would rise to Rs 7/unit from the current Rs 3. Jaipal Reddy wrote a note stating that if the price of gas were made $14.25/unit, then the country would suffer a loss of Rs 45,000 cr & RIL would make a profit of Rs 45,000 cr...It seems Mukhesh Ambani runs the government. Not Manmohan Singh. Both the Congress and the BJP are in Ambani's pocket."
Arvind Kejriwal India Against Corruption
"IAC statements are devoid of any truth or substance. The deep water exploration project in the KG-D6 basin has added great economic value to the country and by all accounts is a project of which India can be justly proud. Irresponsible allegations made by IAC at the behest of vested interests without basic understanding of the complexities of a project of this nature do not merit a response."
Reliance Industries Press Statement
"I have no business links with Ajay Sancheti or Sharad Pawar. Kejriwal's allegation that I grabbed farmers' land is false. Farmers' land that I am accused of usurping is on the dais with me. I worked for the welfare of Vidharba farmers. I am a social entrepreneur."
Nitin Gadkari President, BJP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sensex and nifty are two major indices in Indian share market. BSE Sensex, NSE Nifty,Stock related news along with Free tips of share market and more.
Now, Arvind Kejriwal Targets Mukesh Ambani; How Sahara Q`s Equity Cap Rose To Rs 2,000 Cr In A Year; Sept Infra Output Doubles To 5.1%; Sensex Up 74 Pts
Reserve Bank of india left key interest rate unchanged but reduced CRR by 0.25%; Sensex Tanks 204 Pts; Hurricane Sandy Pounds U.S. East Coast
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(Defending RBI's stance)"I think both the government and the RBI share concerns about growth and inflation. We are as much concerned about growth as inflation, only our balance will be shifting. And about the finance, if you are asking, about the ministers statement, then you should ask him."
D Subbarao Governor, RBI
(Slamming RBI's stance)"If the government has to walk alone to face the challenge of growth, we will walk alone. Government is doing its best to send a clear message that we are on the path of fiscal consolidation. It is my hope that everyone will read and understand government's commitment to fiscal consolidation."
P Chidambaram Finance Minister
"I still hold CRR is a waste for the economy. But anyway, it has been cut by 25 bps...But I do not think the 10 rate cuts that happened over the last few quarters helped in lowering inflation because today's inflation is largely cost pushed. It is not so much due to demand-pull. So, to try to address that with rate of interest as an instrument may not be very helpful."
Pratip Chaudhuri Chairman, SBI | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
United Spirits tanks 17% on Diageo deal uncertainty
Dated:29 October,2012 |
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India will dominate, no other market can compete: Shankar Sharma
United Spirits tanks 17% on Diageo deal uncertainty
Views on Stocks/Markets
- Brokerages maintain 'buy' on ICICI Bank
- Bullish on RIL, Moily's entry a big positive: Microsec
- Credit Suisse upgrades Wipro ahead of Q2 earnings
IPO/Global Markets
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- China shares at 1 mth-low
- Demands rise for US junk bonds
Rupee / Gold
- Rupee falls, ends at 54.08
- Gold futures rise by Rs 51
- Gold gains Rs 125
More 'Market' News
- United Breweries bounces back from lows, hits 52-week high
- Jefferies downgrades Hindustan Unilever
Jefferies downgrades HUL to 'underperform' from 'hold' saying the recent growth in revenue would prove "unsustainable".
- BHEL tanks 6% on order book concerns, analysts turn cautious
Shares BHEL came under pressure and dropped over 6 per cent after it reported below-estimates net profit for the September quarter.
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Sensex Ends Flat; Hurricane Fear Shuts Down NYSE
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"As fiscal consolidation takes place and investors' confidence increases, it is expected that the economy will return to the path of high investment, higher growth, lower inflation and long-term sustainability."
P Chidambaram Finance Minister
"Certain media groups are acting as 'dalals' (agents) of Congress party. Two English TV channels and one English national daily are behind the vicious campaign against me and are playing into the hands of Congress."
Nitin Gadkari BJP Chief
This is a serious and big storm (Hurricane Sandy). We don't yet know where it's going to hit, where we're going to see the biggest impacts.
Barack Obama President of America | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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