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Call drops: Trai drops a bomb on operators

In a development that may gladden consumers but will come as a big hit for mobile operators, the Telecom Regulatory Authority of India on Friday came out with its regulations mandating telcos to monetarily compensate their subscribers for call drops….

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US industrial output falls for second straight month

US industrial production fell for a second straight month in September on renewed weakness in oil and gas drilling, the latest indication that the economy lost momentum in the third quarter. Industrial output slipped 0.2 per cent after a revised…

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FIIs sold Rs 5,000 cr of PSU stocks in Q2

Foreign institutional investors (FIIs) sold equity shares worth nearly Rs 5,000 crore in public sector undertakings (PSUs), including banks, in the July?September quarter.Shareholding pattern data filed by 47 PSUs with stock exchanges reveal FIIs offloaded a net Rs 4,886 crore…

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Centre wants states to tame price of pulses

The Centre has stepped up efforts to cool the rising prices through imports and invoking the price stabilisation fund. However, these initiatives are expected to take some time to yield results. Government officials said only Andhra Pradesh, Tamil Nadu and…

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China's economy might be bigger than you think

With China set to announce its third-quarter gross domestic product report on Monday, skepticism over its economic data is arising anew.Recall, that Bill Gross has described China as “the mystery meat of emerging-market countries.” Premier Li Keqiang, before taking that…

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Amfi to speak for all MFs in response to SBI query

The Association of Mutual Funds in India (Amfi), in a board meeting on Friday, decided on a response on behalf of all members to State Bank of India (SBI?s) letter to some fund houses for a compensation policy in case…

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Euro zone inflation confirmed at -0.1 percent in September

Annual inflation in the euro zone turned negative in September due to sharply lower energy prices, the EU’s statistics office confirmed on Friday, maintaining pressure on the European Central Bank to increase its asset purchases to boost prices. Eurostat said…

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DCB Bank alters expansion plan after stock slide

Private sector lender DCB Bank (formerly known as Development Co-operative Bank) has decided to double the number of branches in two years, rather than in one year it had planned earlier.This change comes after the beating its stock took this…

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Telcos decline 2-3% on Trai order, Rel Com bucks trend

Stocks of telecom companies declined nearly 1% on Friday after the sector regulatory, Telecom Regulatory Authority of India (Trai), issued a directive asking telecom services providers to compensate users for dropped calls. Stocks of telecom firms opened under intense selling…

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