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August 20, 2008
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- Deccan India » Popular News » Business
GMR Hyderabad International Airport Ltd said it has received government approval to charge Rs 375 each from all domestic outbound passengers at the new airport in Hyderabad from August 22.
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Amid alternate bouts of buying and selling in blue chip stocks, the Sensex holds on in the positive territory. At 14,622.92, the Sensex is up with a gain of 79.19 points or 0.54% now.
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While HDFC Bank is said to have evinced interest in picking up around 10% strategic stake in the bourse, Yes Bank is believed to be looking for 5-10%, sources said.
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Nokia has confirmed it will launch a full touch screen handset by the end of this year. Nokia first unveiled the touch screen S60 interface last October.
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The government may consider amendments to tax laws to allow export-oriented units like Reliance IndustriesÂ’ Jamnagar refinery to supply diesel in the domestic market to meet rising demand.
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The government may charge higher diesel prices for industrial users and allow Reliance Industries to sell gas oil from its export-focused refinery to local retailers struggling to meet soaring demand.
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An interesting talk, which is doing rounds these days, is that the shutting down of factories in China before Olympics could have lead to the recent decline in the Baltic Dry Index (BDI).
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Due to lack of strong support at higher levels, the market is struggling to make a significant move up north today despite having started off on a high note. Rising inflation, lower growth and high interest rates appear to be weighing down the sentiment to a notable extent.
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