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Inflation to eat into salary hikes
Surging inflation will soon start reflecting onto the pay packets with the companies looking at cutting down the salary hikes of their employees for the next year and the high-flying IT space could take the maximum hit. |
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Banks raise credit card finance charges up to 50 per cent
When it comes to exorbitant interest rates, even the loan sharks can learn a few tricks from the banks which have raised the charges to as high as nearly 50 per cent per annum for their credit card customers in the past few days. |
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ASSOCHAM STUDY
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Power sector investments shoot to Rs 2 lakh crore
Out of Rs. 6,33,906 crore of total corporate announcements made in the first 6 months of calendar year 2008, power sector attracted the maximum number of investment announcements totalling to Rs 1,95,913 crore between January to June 2008, reveals a study. |
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Tata plans to cut Jaguar and Land Rover production
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Anil Ambanis pay packet fattens 6-fold
Consumers may be reeling under an inflation of close to 13 per cent, but it should not be a cause for concern for Indias second richest person Anil Ambani, whose pay package has grown by close to six times over past fiscal.
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Indra Nooyi, Warren Buffett in top executive icons list |
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AT A GLANCE |
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Beauty meets style... A model poses wth Toyota Corola Altis car at the second Philippine International Motor Show in Manila on Saturday. The four-day car show attended by 15 global auto brands features the latest fuel efficient vehicles and concept cars for cleaner and safer motoring. AFP
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| Market Notes |
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| Gold (Bangalore) (10gm) |
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12,113 |
| Silver (per kg) |
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22,800 |
| Gold (Mum)(10gm) |
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- |
| US dollar * |
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43.69 |
| Pound * |
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82.62 |
| Euro * |
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65.55 |
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