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No pay hike for British queen
Like many, Britain’s queen will also not get a pay hike, at least till elections next year. According to the Daily Express, British Prime Minister Gordon Brown has told the queen, she will have to wait until after the general elections to discuss her bid for a rise in her £7.9 million a year Civil List payment. Brown has decided not to fix a new 10-year deal covering the queen’s costs, fearing that the plea for a huge pay rise over the next 10 years could become an election issue, the report said.

India changing road sector investment norms: Nath
The government is changing some of the regulations in the road infrastructure sector to make it more attractive for investors, Minister for Road Transport and Highways Kamal Nath said today.

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Koda effect: Govt seeks audit of UBI branches
Taking a serious note of Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out an audit of all its branches to check for such large deposits that have gone unreported.
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Markets end with marginal losses

The stock market ended on a slightly negative note during the current truncated week as Ramzan holiday fell on Monday. Trading during the week was characterised by alternate days of buying and selling in the absence of a clear direction. - Markets end lower amid volatility - Sensex ends down 108pts - F&O OUTLOOK: Nifty may breach 4,941 support - Nifty may breach 4,941 support - Sensex ends up 68pts - Markets still languish in the red It was a historical week for the Nifty. On September 22, the index closed above the 5,000-mark (at 5020.20) for the first time in the past 16 months as market sentiment became buoyant on the back of a rise in collections of advance corporation and personal income tax. The Sensex also came very close to the 17,000-mark, hitting an intra-week high of 16,943.49 on September 22, but snapped its 5-day rally the very next day. The weak US and Asian markets and an impending derivatives settlement led to profit booking on September 23 and 24.


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