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U.S. consumer spending falters; wage gains highest since 2008
Published on Friday, October 31, 2014 7:58 PM

By Lucia Mutikani

WASHINGTON - U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter.

The slowdown in consumer spending, however, is likely to be temporary, as other data on Friday showed wages in ...

U.S. consumer spending falters; wage gains highest since 2008
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Union Bank Q2 net profit rises 78% at Rs 371 cr
Published on Friday, October 31, 2014 5:57 PM

Public sector Union Bank of India has on Friday reported a 78.4 per cent rise in net profit at Rs 371.34 crore for the second quarter ended September 30 helped by lower provisions and higher other income but asset quality deteriorated further.

The bank had posted a net profit of Rs 208.12 crore in the July-September quarter of 2013 ...

Union Bank Q2 net profit rises 78% at Rs 371 cr
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ALSTOM India’s Q2 net rises to Rs 86.25 cr
Published on Friday, October 31, 2014 5:53 PM

ALSTOM India Ltd on Friday announced that it has reported an increase in its standalone net profits at Rs 86.25 crores for the second quarter ended September 30, 2014, driven by profit of Rs 48.59 lakh on sale of Air Preheater and Industrial Mills (Auxillary Component Undertaking) business.

“The standalone net profit of the c ...

ALSTOM India’s Q2 net rises to Rs 86.25 cr
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Sensex surges 500 points on BOJ easing, L&T gains
Published on Friday, October 31, 2014 5:40 PM

By Abhishek Vishnoi

MUMBAI- The BSE Sensex and Nifty surged nearly 2 percent on Friday to record highs for the second consecutive day after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips.

In a rare spli ...

Sensex surges 500 points on BOJ   easing, L&T gains
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Bonds post sharpest monthly gain in 1-1/2 years on rate cut hopes
Published on Friday, October 31, 2014 5:34 PM

By Gaurav Pai

MUMBAI - Indian government bonds posted their best monthly gain in 18 months on hopes easing inflation would allow the country's central bank to start trimming key policy rates earlier than expected.

The gains came on a day when the Bank of Japan surprised financial markets ...

Bonds post sharpest monthly gain in 1-1/2 years on rate cut hopes
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India's fiscal deficit in H1 almost 83 pct of full-year target
Published on Friday, October 31, 2014 4:44 PM

By Manoj Kumar

NEW DELHI  - India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.

A 2 ...

India's fiscal deficit in H1 almost 83 pct of full-year target
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CCI clears Adani Power's deal to buy Udupi thermal plant
Published on Friday, October 31, 2014 5:37 PM

The fair trade regulator, Competition Commission of India has cleared Adani Power's proposed Rs 6000 crore deal with Lanco Infratech to buy latter's 1,200-MW Udupi thermal plant, said the media report.

Clearing the transaction, CCI said it was not "likely to have appreciable adverse effect on competition" in the c ...

CCI clears Adani Power's deal to buy Udupi thermal plant
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JK Lakshmi Cement Q2 net surges 3-fold to Rs 30.6 cr
Published on Friday, October 31, 2014 5:35 PM

JK Lakshmi Cement Ltd on Thursday announced that its net profit for the second quarter ended September 30, 2014 nearly trebled to Rs 30.6 crore from the same period a year ago as sales and realisation improved. In Q2 FY 2013-14, the cement maker had posted a net profit of Rs 10.3 crore, JK Lakshmi Cement said in a filing to the Bombay Stock E ...

JK Lakshmi Cement Q2 net surges 3-fold to Rs 30.6 cr
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Shriram City Union Finance Q2 net up 8% at Rs 137.8 cr
Published on Friday, October 31, 2014 2:54 PM

Shriram City Union Finance Ltd on Thursday reported that its net profit for the second quarter ended September 30, 2014 climbed by 8 per cent at Rs 137.8 crore from the same period a year ago as total income rose. In Q2 FY 2013-14, the company had posted a net profit of Rs 127.2 crore, Shriram City Union Finance Ltd said in a filing to the Bo ...

Shriram City Union Finance Q2 net up 8% at Rs 137.8 cr
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