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Markets continue to trade sideways
The markets have been virtually unchange din the past one hour. The Sensex is at 16,858, down 35 points, and the Nifty is placed at 5028, down 12 points.

Index closes below 17,000
Investors today pulled down the stock market benchmark Sensex below 17,000 points-level, as they sold banking, oil and gas and state-run companies’ shares to make profits.

News of the day

Gold demand to slip by 15 per cent worldwide in 2009: GFMS
Jewellery fabrication business worldwide is likely to fall in 2009 on high gold prices with offtake forecast to slip by 15 per cent compared to the year-ago period, a latest report says.
Business Ideas

Toyota Kirloskar, SBI tie up for vehicle finance

Car maker Toyota Kirloskar Motor today said it has entered into a memorandum of understanding with the country"s largest lender, State Bank of India (SBI), for vehicle finance. - India topped project finance deals in 2009 - Ajit Ranade: The Coming Capital Famine">Ajit Ranade: The Coming Capital Famine - "Efforts on to limit bad assets" - SBI net declines 8.4 per cent - SBI Life: Catch "em young - Banks plan to keep rates steady Under the agreement, SBI will be one of the preferred financiers for the entire range of vehicles marketed by Toyota Kirloskar Motor (TKM), the car maker said in a statement. "The MoU aims at targeting high end customers who will be availing car loans from SBI above Rs 5 lakh onwards," it said. SBI has come out with a special scheme "SBI Advantage Car Loan Scheme" for this segment of customers, the statement added.


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