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Taj introduces 'Fly-N-Stay' for travellers Mumbai / Kolkata, July 2 : Taj Holidays, India’s premier holiday brand, has partnered with Travelocity to introduce www.tajholidaysflynstay.com – a comprehensive one stop shop for all holiday related requirements. (204)

Court quashes DoT notification for granting telecom license New Delhi, July 3 : The Delhi High Court Friday quashed a Department of Telecom (DOT) notification fixing Sep 25, 2007, as cut-off date for granting telecom licenses. (177)

Economists welcome Mamata's coach factory proposal Kolkata, July 3 : Railways Minister Mamata Banerjee's budget proposal for setting up a railway coach factory at Kanchrapara in West Bengal's North 24-Parganas district was welcomed by economists and locals who felt the project, if implemented, would generate employment and give a boost to the state's industrial sector. (180)

UCO Bank to enter general insurance business Kolkata, July 3 : State-run UCO Bank will invest Rs.45 crore in its proposed general insurance company, a top bank official said here Friday. (178)

Railways to set up cold storages, run fruit-vegetable trains New Delhi, July 3 : The Indian Railways have decided to run special trains for perishables and set up cold storages and temperature-controlled cargo centres in an effort to eliminate food wastage and contribute to India's second green revolution. (72)

Now AC trains for youth 'assets' New Delhi, July 3 : Railway Minister Mamata Banerjee Thursday introduced dedicated air-conditioned trains at affordable tariff for the youth, terming them as an 'asset' for the country. (75)

Railways-owned companies earning profit: Banerjee New Delhi, July 3 : Public sector undertakings (PSUs) under the railway ministry are profitable and have posted a combined net profit of Rs.1,950 crore (USD 406 million) in 2007-08, Railways Minister Mamata Banerjee said here Friday. (168)

India Inc welcomes 'forward looking' rail budget New Delhi, July 3 : Terming the railway budget for 2009-10 as 'progressive and forward looking', a 'pleased' India Inc Friday welcomed Railways Minister Mamata Banerjee's proposals to undertake developmental and capacity expansion projects without touching the fares. (190)

Mamata starts non-stop, long-distance trains New Delhi, July 3 : Railways Minister Mamata Banerjee introduced non-stop train services between major cities as she unveiled her 2009-10 budget proposals in parliament Friday. (62)

Major push to expand ticketing network in rail budget New Delhi, July 3 : A host of proposals were unveiled in the rail budget Friday to facilitate the purchase of tickets not just from stations, but also mobile vans, post offices and automatic vending machines. (65)

Railways to revamp tatkal scheme New Delhi, July 3 : Railways Minister Mamata Banerjee Friday said the 'tatkal' window will be reduced from five days to two days and the minimum service fee under the scheme will be slashed to Rs.100 from 150. (69)

Apart from non-stop services, Mamata introduces 57 new trains New Delhi, July 3 : Apart from 12 non-stop train services between major cities, Railways Minister Mamata Banerjee has introduced as many as 57 new trains in her rail budget for 2009-10. They are (70)

Mamata gives 57 new trains to India New Delhi, July 3 : Railway Minister Mamata Banerjee Friday tabled the Railway Budget 2009-10. (203)

YES BANK to partner First Data for ATM network Kolkata, July 3 : YES BANK, India's new age private sector Bank and First Data, a global leader in electronic commerce and payment processing services, has signed a Memorandum of Understanding (MoU) for an innovative ATM deployment programme. In this strategic collaboration, First Data. (203)

India gets first Jaguar Land Rover showroom Mumbai/Kolkata: Jaguar Land Rover's official entry to the fast-growing Indian car market was marked today by the opening of a flagship showroom facility at Ceejay House in Mumbai by Ratan N. Tata, Chairman of Tata Sons and Tata Motors. (285)

'No increase in passenger fare, freight tariff' New Delhi, July 3 : Presenting the Railway Budget for 2009-10 in Parliament today, Minister of Railways Mamata Banerjee announced that there will be no increase in passenger fare and freight tariff. (137)

Pennar declares 20 per cent dividend for FY09 Hyderabad, Jul 3 : Pennar Industries, a leading engineering company, today announced that the company posted its best ever performance with a sales turnover of Rupees 730 crore during 2008-09 and recommended a dividend of 20 per cent amounting to Rupees 1 per equity share of Rupees 5 each. (197)

Sensex closes 254 points higher Mumbai, July 3 : A key index of the Indian equities markets ended trade Friday 254 points above its last closing figure, as banking and capital goods stocks picked up. (239)

PTT Polymer Logistics implements '4S eTrans' solution Hyderabad, Jul 3 : Four Soft Limited today announced PTT Polymer Logistics Limited, a company of PTT group, Thailand, has implemented Four Soft's Global Freight Forwarding Solution - 4S eTrans - to help manage and consolidate its Freight Forwarding Operations. (204)

OIL goes for micro finance Guwahati, Jul 3 : The Oil India Limited (OIL) has signed an MoU with the State Institute of Rural Development (SIRD) last night to carry on the Self Help Group (SHG) movement in Upper Assam. (225)

Oil price hike to push inflation by 35-40 basis points: HDFC Bank Mumbai, Jul 3 : HDFC Bank today indicated that the recent hike in petrol and diesel prices could push inflation up by 35 to 40 basis points. (236)

Sensex moves up 133 points in afternoon trade Mumbai, July 3 : A key index of the Indian equities markets extended its gains Friday afternoon, and was ruling 133 points up from its last closing figure about an hour before the closing bell. (210)

Lava eyes 700 distributors for handsets Kolkata, July 3 : Leading mobile handset manufacturer Lava International Ltd eyes having 700 distributors, up from the current 400, across India by this fiscal-end, zeroing on India's Tier-II and smaller towns. (217)

Railway Budget of India 2009-2010: Highlights/Summary of New India Railway Budget New Delhi, July 3: Presenting the Railway Budget for 2009-10 in Parliament today, Minister of Railways Kumari Mamata Banerjee announced that there will be no increase in passenger fare and freight tariff. She said that the budget will have approach for 'inclusive growth' and expansion of rail network to take development to every corner of the country. (1455)

Ashok Leyland to hive off design engineering unit Chennai, July 3 : India's second largest commercial vehicle manufacturer Ashok Leyland is looking to spin off its design engineering unit Defiance Technologies into a group company, Defiance Tech Ltd, an official has said. (195)

TCS selects Indian Bank as model bank Bangalore, July 3 : Tata Consultancy Services (TCS), a leading global IT Services and Consulting firm, had selected Public sector Indian Bank as a model bank for its banking modernisation programme by Celent, a research and advisory firm. (207)

Silver opens weak, Gold steady Mumbai, July 3 : Silver today eased by Rupees 175 per kg to Rupees 21,975 on lack of demand by industrial users, while Gold remained steady at 14,490 on scattered buying by ornament makers, traders at the Bombay Bullion Association said. (211)

US Dollar, Pound, Yen up; Euro down, Yuan steady Mumbai, Jul 3 : Following were the indicative currency notes and traveller's cheques buying and selling rates per unit as given by Thomas Cook India here today. (296)

Sensex opens down by 105 points Mumbai, Jul 03 : The Sensex of Bombay Stock Exchange crashed by 105.77 points to open at 14,552.72 from its last close, following heavy selling pressure from local operators. (200)

Rupee resumes down by 20 ps to 48.15 per US Dollar Mumbai, Jul 3 : The Rupee today fell by 20 paise to 48.15/16 in the opening trade against the US Dollar due to heavy Dollar purchase by foreign banks and others, dealers at the domestic interbank foreign exchange (forex) here said. (228)

JSW Steel reports 45 per cent growth in steel production in Q1 Mumbai, Jul 3 : JSW today reported a 45 per cent increase in crude steel production during the first quarter of the current fiscal with the physical achievement being 14.09 lakh tonnes. (193)

Coastal Energen achieves financial closure of power project Mumbai, Jul 3 : Coastal Energen Private Limited, the power generating Flagship Company of Coal and Oil Group, has achieved Financial Closure of their Rupees 4,300 crore power project in Tuticorin in Tamil Nadu. (212)

Indian Bank selected as Model bank for CBS modernisation Mumbai, July 3 : Indian IT major Tata Consultancy Services (TCS) today said that its client and PSU lender Indian Bank has been adjudged a Model Bank for their core banking modernisation programme by Celent, a research firm. (203)

Inflation in negative for third consecutive week New Delhi, July 2 : Inflation stayed at -1.3 percent for the third consecutive week ended on June 20. (195)

Sensex flat in early trade Mumbai, July 3 : A key index of the Indian equities market was trading flat Friday, ruling just 20 points lower than its last closing figure about 10 minutes into trade. (189)

Interactive Brokers announces online stock trading on NSE Greenwich, July 2 (Business Wire India): Interactive Brokers is pleased to announce the addition of stock trading on the National Stock Exchange of India (NSE) for both Indian national residents and Non-resident Indians (NRI). (218)

Information Technology and Communication (IT and C) sector has helped India in economic growth: AP Minister Hyderabad, Jul 2 : Andhra Pradesh Minister for Information Technology and Communication (IT and C) stated that the ICT Sector has helped India to emerge as an economic power to reckon with the consistent growth of the IT segment. (290)

Bajaj Allianz to invest Rupees 50 crore in Micro Finance Pune, July 2 : Bajaj Allianz, a leader in insurance sector today announced an investement of Rupees 50 crore in the SKS Micro Finance. (214)

Wipro warns job seekers against recruitment mailers Bangalore, Jul 2 : IT major Wipro Technologies today warned job seekers against the recruitment mailers coming in its name. (205)

Shaw Wallance sells its stake in USL Mumbai, Jul 2 : Shaw Wallance and Company has sold its entire 10.27 per cent stake in Vijay Mallya-promoted United Spirits Ltd (USL) for Rupees 904.95 crore through an open market transaction. (187)

Silver continues to fall, Gold bounces back Mumbai, Jul 2 : Silver today furthered its previous loss by Rupees 160 per kg to Rupees 22,150 on lack of demand from industrial users, while Gold bounced back by Rupees 50 per ten gm to Rupees 14,490 due to improved demand from local dealers, traders at the Bombay Bullion Association said. (242)

Rupee ends lower by five paise at 47.95 per US Dollar Mumbai, Jul 2 : Rupee today ended five paise weaker at 47.94/95 against dollar from it previous day close on fresh speculative demand from foreign banks and others, traders at the domestic interbank foreign exchange (forex) said here. (215)

White Card Scheme to boost milk production in Haryana New Delhi, Jul 2 : Haryana Chief Minister Bhupinder Singh Hooda today said for giving boost to milk production in the state, a 'White Card Scheme' has been introduced, under which a loan without security up to Rupees 1,00,000 could be taken by a milk producer, who had been supplying milk to dairy cooperatives consistently for three years. (192)

Sensex gains slightly by 13 points Mumbai, Jul 2 : The benchmark Sensex of Bombay Stock Exchange (BSE) today ended almost flat at 14,658.49 points, marginally up by 13.02 points, compared with its previous close of 14,645.47, due to lack of fresh speculative demand from Foreign Institutional Investors (FIIs) and a rosy picture presented by the economic survey. (190)

Lava International eyes 700 distributors for mobile handset Kolkata, Jul 02 : Mobile handset manufacturer Lava International Ltd plans to have 700 distributors, up from the current 400, across the country by this fiscal-end with special emphasis on India's Tier-II and smaller towns. (209)

Select metals ease Mumbai, Jul 02 : Select metals declined today on lack of fresh demand along with negative trend from London Metal Exchagne (LME), traders at the Bombay Metal Exchange (BME) said. (172)

Cotton prices up Mumbai, Jul 02 : Cotton prices went up today following sustained demand from industrial users, traders at the Cotton Association of India (CAI) said. (176)

ONGC Ltd rose by 7.02 per cent to Rupees 1,126.45 on BSE Mumbai, July 2 : Ten leading companies of Group A were among the top gainers and losers at the end of the session on the Bombay Stock Exchange (BSE) today. (200)

BIG TV to provide iStock on DTH platform Mumbai, Jul 2 : Reliance Money customers can now track the movement of their scrips through their television sets with Reliance Big TV launching for the first time in the country a new interactive feature iStock, through is DTH platform. (187)

Economic Survey wants public accountability information system New Delhi, July 2 : The government must have a public accountability information system (PAIS) with internet access that would give information about funds allocated and expenditure along with names of beneficiaries, the Economic Survey tabled in parliament Thursday said. (257)

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