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Headlines Now
NATIONAL
Telecom service 'TollFree2India' launched
Bangalore: Telco House, a US-based telecom firm today (November 3) announced the launch of "TollFree2India", a telecom service that provides customers in India with their own 1-800 numbers (toll free) that would enable their existing and potential customers in the US to stay in touch.

RBI Governor asks banks to cut transaction costs
Mumbai: Reserve Bank of India (RBI) Governor Y V Reddy today (November 3) said banks should bring down transaction costs, spread benefit of reduction in interest rates to customers and asked them to "quickly build" investment fluctuation reserve (IFR) to deal with interest rate risks.

India Inc globally competitive, says an elated CII
Mumbai: Reserve Bank of India (RBI) has left bank rate and repo rate unchanged at six per cent and 4.5 per cent respectively.

Euphoria over RBI policy; SENSEX rises by 156 pts
Mumbai: Powered by euphoria over the credit policy that spelled out continued economic growth, the SENSEX today (Nov 3) surpassed the 5000-magic mark for the first time in 42 months in a flurry of activity at the Bombay Stock Exchange (BSE).

TCS bids for £ 2.3 billion contract in Britain
Bangalore: India's Tata Consultancy Services (TCS) has bid for the 2.3 billion Pounds National Health Services contract in the UK along with its consortium partners, a leading analyst said today (Nov 3).

RBI's GDP projection conservative, say economists
New Delhi: Dubbing the Reserve Bank of India's (RBI) GDP (Gross Domestic Product) projection of 6.5-7.0 per cent as a "conservative estimate", economists today (Nov 3) said the Central Bank is watching the inflation situation and wants more action from commercial banks to reduce their lending rates further.

'12% of IT outsourcing by US cos to go offshore'
Bangalore: Global Information Technology (IT) research firm International Data Corporation (IDC) today (Nov 3) said nearly 12 per cent of the IT outsourcing done by American firms would be offshore driven in the next five years.

RBI leaves bank rate unchanged, revises GDP growth
Mumbai: Reserve Bank of India (RBI) has left bank rate and repo rate unchanged at six per cent and 4.5 per cent respectively.

INTERNATIONAL
Tata to export 100,000 cars to Britain in 4 yrs
London: Showing its growing manufacturing prowess, India will export one lakh cars to Britain over the next four years, a report said.