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RBI moves to contain inflation without hurting growth
Aiming to tackle inflationary pressures, the Reserve Bank today increased a key statutory deposit ratio for banks by one percentage point to 25 per cent but the move is not expected to push interest rates up. http://smallpersonalloans.org.uk

Gap-down opening for Nifty seen
The Nifty on Friday closed above the resistance level of 5,060 to keep the current bull run moving. The index, however, is expected to face resistance above the 5,100 level next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over-the-counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern, indicating indecisiveness among participants. If this weakness continues, then we may see a gap-down opening on Monday.

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'China will snatch our market from us'
Atul Sobti took over as the chief executive officer and managing director at Ranbaxy Laboratories, six months ago. He wants to make Ranbaxy (now owned by Japan’s Daiichi Sankyo) the largest drugseller in India, a market that is price-controlled, but growing. This focus on the domestic market is not due to the problems that the company has been facing in the US, he tells Vandana Gombar and Joe C Mathew in an interview where he also makes a case for direct subsidy for medicines instead of price controls. Excerpts:
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HAL to produce Boeing-777 parts in Bangalore

Hindustan Aeronautics Limited (HAL), the Bangalore-based firm which operates under the Ministry of Defence, has signed an agreement with Boeing to work together with the US plane maker for the production of flaperons for the Boeing’s 777 series commercial jetliner. - HAL wins contract to supply flaperons for Boeing 777 - HAL to supply components for Sukhoi fighters to Russia - Navy to be responsible for overall maritime security: Govt - Srinivasan appointed MD for HAL"s helicopter composite - MEA shoots down defence ministry's helicopter export - HAL delivers rear fuselage for biz jet HAL will make the delivery in phases and Boeing will get the first batch of flaperons in a couple of years, according to the contract. With this, HAL has joined a select few global players who are working with Boeing on the flaperon contract for the 777 aircraft. The 777 flaperon is a complex composite assembly that is instrumental in controlling the airplane’s maneuverability in flight. Referred to as a control surface, flaperons work both as a flap to control lift and an aileron to control roll. While HAL declined comment on the value or the volume of the contract, it is understood that HAL will be supplying 300 pairs of flaperons over a period extending till 2019. “HAL and Boeing share a special relationship and we are delighted that our strengths in composites are getting international recognition,” HAL Director (Corporate Planning & Marketing) Soundara Rajan said. Boeing India President Dinesh Keskar added that the composite 777 flaperon that HAL will produce represents a significant leap forward in technological capability and supports Boeing’s strategy to work in partnership with the Indian aerospace industry for the long term.


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