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Popular Articles

Surat textile industry reels under reduced credit limit
With the festive season of Diwali round the corner, Surat-based textile traders are facing the cash crunch again. Traders are facing a tough time dealing with a reduced credit limit of mere 30 days as against over 120 days couple of months ago.

No immediate plan to take Nano abroad: Irani
Tata Motors has no immediate plan to export the Nano, the world"s cheapest car, as it is currently concentrating on meeting the domestic demand, Tata Group Director Jamshed J Irani has said.

News of the day

Growth forecast falls to 6% in RBI survey
Professional forecasters have added to Reserve Bank of India (RBI) Governor Duvvurri Subbarao’s dilemma on timing the exit from an accommodative monetary policy stance.
Management

Oil prices fall to $71 in opening trade

Oil prices fell to near $71 a barrel today in Asia, giving up part of the previous day"s big gains, as the US dollar rebounded. Benchmark crude for November delivery was down 49 cents at $71.20 by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $2.12 to settle at $71.69 yesterday. "There hasn"t been a strong signal that the economy is recovering," Chu said. "There are still job losses every month."


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