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CRR hike won't impact interest rates, industry: Fin Secy
Finance Secretary Ashok Chawla today said the Reserve Bank of India"s (RBI) review policy has taken a balanced view of the current situation and the CRR hike would not have any affect either on interest rates or the industrial recovery. generic levitra

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Hero Honda keen on Karnataka
Five companies including Hero Honda have evinced interest in investing in Karnataka. In the run up to the forthcoming lobal investors’ meet in June this year, the state industries department has been inviting companies from industry segments to the state.

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Haryana to seek higher funds under JNNURM
Haryana Finance Minister Capt Ajay Singh Yadav has directed the financial commissioner and principal secretary, urban local bodies, that the matter could be taken with the Government of India to increase the allocations under JNNURM and Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT). The finance minister was reviewing the progress of central sponsored schemes with the officers of finance, public health and urban local bodies department. These schemes were being launched in the state for the welfare of all sections of society.
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Kingfisher may have Rs 500-cr equity issue

Kingfisher Airlines, owned by the UB Group, is planning to raise up to Rs 500 crore through issue of further share capital. - Mallya's UB Q1 net up 57% Y-o-Y - United Breweries Q1 net up 57% YoY - United Breweries June qtr net profit up 57% at Rs 35 cr - Kingfisher has the most cases of drunk pilots - FIPB to mull United Breweries" proposal on July 24 - Kingfisher Airlines to raise up to Rs 500 cr through equity Company officials indicate this may be through a number of options, including a follow-on public issue or a rights one. The airline has significant debt and losses. It has been in discussion with private equity players for a year and has been trying to raise Rs 1,200 crore through equity ever since it merged with Deccan Aviation. Industry sources say the company debt is around Rs 6,000 crore on a base of Rs 270 crore, a leverage of 22 times. Billionaire Vijay Mallya, the owner, has also been lobbying with the government to allow overseas airline players to have a stake in Indian civil airlines and according to company sources, “there have been some movements in that direction.”


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