HDFC Bank Hikes Base Rate-EMIs Set to Rise


Followed by the Reserve Bank of India’s repo rateor main lending rate hike, HDFC bank has increased its base rate -0.20 percent to 10 percent. The revised rate is in force from 2nd of this month and other banks will likely to hike base rates.
The hike in the base rate will result in in the rise of EMI (equated monthly installments).

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Destination Mars


To touch the land in Mars PSLV-C25 took off from Sriharikota yesterday. “I am happy to announce that the Mars orbiter mission first phase is a success,” said Indian Space Research Organization chairman K Radhakrishnan.

Critics are of the opinion that the mission is not involved any new technology and the 460 crores…

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Diwali Trade- Gold Sparkles while Silver Loses its Shine


Gold prices remained steady in the especial trade. The Gold price has finally become steady after displaying a 6 days continuous losing streak. Unlike gold, silver could not really sparkle during the Muhurtha trade.
Sources report that a bullion trader said, “Jewellery stockists and retail investors made token purchases of gold to mark the beginning of the new Hindu Samvat year 2070”

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Govt Cuts Import Tariff on Gold, Hikes Silver


In line with global rates of gold and silver, the government yesterday cut down the import tariff value of gold to USD 440 per ten gram and hiked silver value to USD 738 per kg.  The import tariff value is base value at which custom duty is decided to avoid the under invoicing of these precious metals. Typically the value…

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Temporary Solution for Janayugom’s Layoff Issue


Janayugom, the Communist party’s official newspaper has put an end to the layoff issues. The newspaper is owned by CPI, a party that always stood firmly for the needs of laborers.  The trade union wing of CPI, AITUC has many times took stern stands against managements that did not give a heed to the right of their employees. A newspaper…

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Yahoo Firing 500 Under-performing Employees


Yahoo is all set to send home its 500 under-performing employees. According to All Things D’s Kara Swisher reports, the company’s CEOMarissa Mayer has begun the lay off. The report says that the CEO is planning to send home any one who is rated as either ‘misses or occasionally misses’  at least twice in the past five quarters. Mayor has…

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Vodafone Slashed Data Rates by up to 80% Across the Country


Vodafone brings happy news for its customers across India-a slashed 2G and 3G data rates by up to 80%. The new rates will come in effect from today onwards. The company had already in June offered slashed data rates in UP West and Madhya Pradesh , Karnataka and Chhattisgarh circles.  And also there are are no additional data charges on…

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