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RBI to ask banks about their exposure in Dubai World
The Reserve Bank today said it will ask banks to furnish details regarding their exposure in the Dubai World, a government-owned firm that has requested postponement of $59 billion loan repayment, said RBI deputygovernor Shyamala Gopinath here. http://smallpersonalloans.org.uk

JP Morgan, BofA gear up to fund Hershey's Cadbury bid
Two global lenders--JP Morgan and Bank of America (BofA) are preparing to lend US chocolate maker Hershey about $7 billion to bid for British confectionery major Cadbury, says a media report.

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Hotel industry looks, feels sunnier
Things are beginning to look better for the hospitality industry across the country, with an increase in occupancy levels to 10-30 per cent and hotel rates getting closer to the pre-recession ones.
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ITI surges 11%

The stock jumped 11 per cent to Rs 50.65, after the government approved a proposal under which the telecom equipment manufacturer will continue to get orders for 30 per cent of the product requirement of BSNL and MTNL. - Maharashtra Sugar Mills pay first advance of Rs 450/tn more than FRP - JSW Energy to list on bourses on January 4 - Twitter buys location tracking entity Mixer Labs - J"khand polls: JVM(P) gets highest winning percentage - Amir, Katrina most downloaded celebs on mobiles in India - McLeod Russel ends negative, down 1% The Cabinet Committee on Economic Affairs (CCEA) has decided to continue with the 30 per cent reservation quota for the products manufactured by ITI to meet the requirements of BSNL and MTNL. Moreover, the two government-controlled companies will also give 70 per cent advance against orders placed. The earlier reservation benefit had expired on September 20, 2009.


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