Nano may have veered off Singur, but there’s a sliver of hope for the troubled land yet.
Representatives of a Chinese automobile major met chief minister Buddhadeb Bhattacharjee on Tuesday, seeking 600 acres — about the same amount that is ‘undisputed’ in Singur — to set up a small car factory in Bengal.
While the government hopes [...]

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The country is likely to have near zero inflation in certain periods of second half of 2009 on account of economic slowdown and falling commodity prices, says a report by broking house Edelweiss Securities.
Inflation stood at 10.68 for the week ended October 18. “Given the possibility of a further strong softening in commodity [...]

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In a major move to inject an additional estimated Rs 85,000 crore into the system, Reserve Bank of India today cut key deposit requirements for banks by 1 per cent and its short-term lending rate by 0.5 per cent, a decision that may help soften general interest rates.
The decisions to cut the Cash Reserve Ratio [...]

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The government’s decision to table a bill in Parliament to hike FDI cap in private insurance firms was hailed by industry chambers and insurers as a move to bring in much needed capital in the sector.”The insurance sector being a capital intensive sector requires huge investments over a prolonged period of time, and therefore, there is constant [...]

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ArcelorMittal workers in France and Belgium said on Thursday that the company has told them it will stop steel output at some plants this winter as demand drops. 
The Luxembourg-based steelmaker, the world’s largest, declined to confirm that it will temporarily halt output but said it was “taking prudent and responsible steps to adapt supply to [...]

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