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Telangana stir's unique impact
Originally, Andhra Pradesh was to be the recipient of the first unique identification (UID) number. However, political unrest in the state has taken its toll. Now, it appears that Nandan Nilekani’s project will be rolled out first in the state most ready for it — Karnataka. Pilot projects have already been done and the majority of Karanataka’s population will have UIDs by the end of 2011. The proactive state government has also set up an empowered committee on UIDs under the chief secretary. The state cabinet will, at its next meeting, decide who will be on the committee. The numbers will begin to be issued by February 2011.

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Singh, Wen agree to strengthen India-Sino ties
Seeking to put behind the recent verbal spat between India and China over Arunachal Pradesh, Prime Minister Manmohan Singh and his counterpart Wen Jiabao today agreed to build trust and understanding and strengthen the bilateral strategic ties.

News of the day

Kotak Mahindra net surges 86% to Rs 299 cr
Private sector lender Kotak Mahindra Bank today reported 86.22 per cent rise in its net profit at 299.76 crore for the second quarter ended September 30, 2009, over the same period last year.
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Markets recover partially

The Sensex has recovered partially from the day"s low of 16,210, and is now down 369 points at 16,485. The NSE Nifty is down 111 points at 4,894. ____________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The Sensex is now quoting at 16,350, weaker by 504 points, and the Nifty is at 4,849, down 156 points, with realty, metals and banking stocks taking a hard knock. The Asian markets continue to trade down anywhere between 2% and 4%. And the European markets have opened weak. The FTSE is 56 points down at 5137, DAX has weakened 69 points at 5132 and the CAC has shed 42 points at 3636. The major Sensex losers are Jaiprakash Associates (weaker by 6% at Rs 207), DLF (shed 5.6% at Rs 334) and ICICI Bank (lost 5.6% at Rs 816). L&T, Sterlite and SBI were the other major losers. There are no gainers on the Sensex. The market breath is weak. Out of 2,685 stocks traded on the BSE, there are 321 advancing stocks as against 2,320 declines.


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