SBI to sell Rs. 5,000-crore NPAs to asset reconstruction cos

For the first time in over two centuries of its history, the nation’s largest lender State Bank of India, which had reported 5.73 per cent of its assets as bad loans in the December quarter, is going all out to stem the rot by offloading around Rs. 5,000 crore of its Rs. 67,799 crore dud assets to ARCs before the end of the mon...

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Google, Pandora, Kanye, SanDisk: Intellectual Property

Google Inc., (GOOG) owner of the most-used search engine, must face revived claims that its Street View mapping system infringed a California company’s patents for creating images for visually navigating a geographic ar...

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Yuan $150 Billion Bet Inflates Dollar Swap: China Credit

The weakening of China’s currency had already caused investors to hedge yuanstructured products estimated by Morgan Stanley at $150 billion before today’s widening of the trading band threatened even greater volatili...

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Mitsubishi Estate to Rebuild Apartments After Defects Found

Mitsubishi Estate Co. (8802),Japan’s biggest developer by market value, will rebuild a Tokyoresidential complex where it stopped selling apartments that went for as much as 350 million yen ($3.4 million) after finding defec...

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Commodities Cushioned From Crimea Crisis by Ample Supply

Unprecedented natural gas reserves in Europe, record global grain output and the threat of mutual economic calamity from oil sanctions are cushioning commodity prices even as the Ukraine-Russia conflict spurs a gold rally. While U.K. gas prices, a European benchmark, rose 5.1 percent since the crisis began at the end of...

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Alibaba Starting U.S. IPO Process as Hong Kong Bid Falters

Alibaba Group Holding Ltd. kicked off the process for what may be the biggest U.S. initial public offering in two years after struggling to persuade Hong Kong regulators to approve its proposed governance structu...

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Singapore Home Sales Rose 1.7% in February on New Projects

Singapore’s home sales rose in February as developers marketed new projects, a government report showed. Home sales climbed 1.7 percent to 724 units last month compared with 712 in the same period a year ago, according to data from the Urban Redevelopment Authority released today. Sales climbed 28 percent from January, the data show...

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WTI Crude Rises for Third Day on Crimea Vote; Brent Holds Steady

West Texas Intermediate crude rose for a third day amid speculation that Crimea’s vote to split fromUkraine may heighten tensions between Russia and the West. Brent was steady in Lond...

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Air passenger traffic grows 1.10 per cent in February

Domestic air passenger traffic rose 1.10 per cent in February to 49.46 lakh passengers -- up from 48.92 lakh ferried during the corresponding month last year, data showed on Friday. According to data furnished by the civil aviation ministry, passengers carried by domestic airlines during January-February, 2014 was up 0.69 per cent at 100.93 lakh from 100.24 lakh...

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Supreme Court issues notice to Centre, Ranbaxy over supply of adulterated drugs

The Supreme Court (SC) on Friday issued notice to the Centre and Ranbaxy Laboratories Ltd on a public interest litigation (PIL) seeking cancellation of the company's licence and a probe by the Central Bureau of Investigation against it for allegedly supplying adulterated drugs in the count...

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