Friday , 26 April 2019
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Business

Most banks fix base rate at 7.75-8.25%

MUMBAI: A host of banks on Wednesday fixed their new minimum lending or base rates between 7.75 and 8.25 per cent, while some small players like Dhanalakshmi Bank and DBS pegged it below the rate announced by the market leader SBI.

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PM hints at decontrolling diesel prices

NEW DELHI: Saying that people will understand the perils of excessive populism, Prime Minister Manmohan Singh Tuesday said diesel prices will also be decontrolled on the lines of petrol last week.

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First loan cheque from EDC

PANAJI: Mr Agnelo N Fernandes, MLA and chairman, EDC Ltd today handed over the first cheque to the beneficiary of the personal loan scheme for Government employees, launched by EDC Ltd.

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GHRSSIDC to assist Goan artisans stay at Dilli Haat expo

PANAJI: Goa Handicrafts, Rural and Small Scale Industries Development Corporation Ltd (GHRSSIDC LTD) is organising an exhibition at Dilli Haat at New Delhi from August 26 to September 8. GHRSSIDC intends to cover 25 stalls under its umbrella for Goan artisans to sell their crafts.

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Env Ministry forms new panel on Niyamgiri mining

NEW DELHI: The Environment Ministry has formed a new panel to look into issues related to alleged violation of forest rights of tribals in Orissa’s Niyamgiri, where it has held up clearance to a bauxite mining project of Vedanta Resources.

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SBI base rate to be 8% or below

MUMBAI: India’s premier bank, State Bank of India’s base rate (for lending) to come into effect from July 1 would be below 8 per cent, a top bank official said. “It (the base rate) will not be more than eight per cent—it will be eight per cent or below,” SBI’s Chairman, O P Bhatt, told reporters here today.

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Wipro bags Microsoft country partner award for India

MUMBAI: IT major, Wipro, today said that it has bagged the 2010 Microsoft Country Partner of the Year Award for India. Wipro has been chosen out of an international field of top Microsoft partners as delivering market-leading customer solutions built on Microsoft technology, a company press release said here.

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Mahindra to make smaller aircraft for Indian market

BANGALORE: Mahindra Aerospace of the $6.3-billion utility vehicle maker Mahindra Group will become the India’s first private firm to manufacture smaller civil aircraft for the Indian general aviation market, which is set to boom this decade.

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RIL announces 7th oil discovery

MUMBAI: Reliance Industries Ltd (RIL) today announced its seventh oil discovery in exploration block CB-ONN-2003/1 (CB 10 A&B) in Cambay basin, about 130 km from Ahmedabad.A RIL release here said the well flowed at the rate of 410 barrels of oil per day
(BOPD).

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