Sunday December 2, 2007

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2.5bn $ in SBI rights issue  

New Delhi, Dec 1:
The Indian government will invest 100 billion rupees (USD 2.5 billion) in the rights issue of State Bank of India, to boost the performance, valuation and rating of the country's biggest bank, an official statement said .
 
Fiscal deficit at $ 20.7 bn 

New Delhi, Dec 1:
India`s fiscal deficit during April-Oct was 822.6 billion rupees, data showed on Friday, equivalent to 54.5% of the annual target, which analysts expected the government to meet.
 
India, EU to intensify talks for FTA by 2008-end  

New Delhi, Dec 1:
India and the European Union decided to put on the fast track the negotiations on an ambitious trade and investment agreement with the hope that the pact will be in place by the end of next year.
 
Maruti Nov sales up 24% 

New Delhi, Dec 1:
Car market leader Maruti Suzuki India Ltd (MSIL) on Saturday reported a 24 per cent jump in its car sales in the domestic market during November at 65,216 units against 52,574 units in the corresponding month last year.
 
Aditya Birla Group to hire 55,000 for retail ops 

Kolkata, Dec 1:
The Aditya Birla Group, which has recently ventured into the organised retail turf, intends to recruit nearly 55,000 people for its retail operations by 2010-11.
 
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