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Posted: February 6th, 2012, 11:08pm EST
Goldman Sachs has upgraded India's Reliance Industries (RIL) to buy from neutral, citing a potential lift in margins on increased refining and recovering oil demand, sending the refiner's shares up in pre-open trade on Tuesday.
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Posted: February 6th, 2012, 11:01pm EST
Sensex rose 0.3 percent early on Tuesday, led by index heavyweight Reliance Industries, continuing a five-day rally ahead of the release of the government's GDP growth estimate for the current financial year.
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Posted: February 6th, 2012, 10:38pm EST
Rupee opened stronger on Tuesday in anticipation of dollar inflows, but concerns that Greece may fail to meet conditions to get its next bailout kept traders wary.
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Posted: February 6th, 2012, 7:40pm EST
The Directorate General of Central Excise Intelligence (DGCEI) office at Kochi has registered a case against NSE for violating service tax rules by not paying taxes for fees collected from candidates who took the NCFM (National Stock Exchange’s Certification in Financial Markets) exam.
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Posted: February 6th, 2012, 7:39pm EST
Private equity honcho Subbu Subramaniam , who split from Baring three years ago and founded MCap Fund Advisors in 2010, has struck his maiden pure-play PE deal in Southbased ReGen Powertech.
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Posted: February 6th, 2012, 11:12am EST
At stake is an agreement that would create one of the world's largest free-trade zones by population - covering 1.8bn, or more than a quarter, of the world's people.
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Posted: February 6th, 2012, 10:28am EST
Gold prices eased further at the bullion market on Monday on lack of local buying interest amidst subdued stockist and investor demand on the back of bearish European cues.
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Posted: February 6th, 2012, 9:40am EST
Tata Teleservices said it will file a review petition against the SC order as the company had applied for these licences more than 18 months before the 2008 licensing process began.
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Posted: February 6th, 2012, 9:29am EST
Global nutrition major Nestle sees potential growth for its food products that meet specific dietary needs not met through normal diets in India due to changing lifestyle.
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Posted: February 6th, 2012, 8:50am EST
Snapping four-session gaining spree, the rupee today lost 36 paise to close at 49.05/06 against the dollar due to fresh buying of the American currency by importers.
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Posted: February 6th, 2012, 7:57am EST
New operator Uninor, a joint venture between Telenor of Norway and Unitech, said the company will participate in 2G spectrum auction but did not rule out exit option from the Indian market.
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Posted: February 6th, 2012, 7:34am EST
The committee also proposes that the highest personal income tax rate of 30% should apply to annual income above Rs 10 lakh, as against Rs 8 lakh.
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Posted: February 6th, 2012, 6:37am EST
A court has directed Delhi Police to lodge an FIR on a complaint against a top executive of Germany-based Volkswagen, directors of its authorised car dealer and a official of transport department on the issue of illegal charges levied on buyers.
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Posted: February 6th, 2012, 6:24am EST
The Bombay Stock Exchange benchmark sensex registered gains for the fifth straight session, rising over 102 points as realty and capital goods stocks led the rally on continued buying by funds, amid firm trend in the Asian region.
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Posted: February 6th, 2012, 5:49am EST
A benchmark index for Indian equities markets gave up some of its intra-day gains to provisionally close 71 points higher.
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Posted: February 6th, 2012, 5:28am EST
Budget airline SpiceJet on Monday posted a loss of Rs 39.26 crore for the quarter ended December 31, 2011, due to escalating ATF prices and increase in the US dollar rates.
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Posted: February 6th, 2012, 4:45am EST
Union finance minister Pranab Mukherjee said on Monday headline inflation would continue around seven percent till March.
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Posted: February 6th, 2012, 4:17am EST
FMCG giant Hindustan Unilever Limited (HUL) on Monday said its net profit rose by 18.24 per cent to Rs 753.81 crore for the third quarter ended December 31, 2011, over the same period previous fiscal.
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Posted: February 6th, 2012, 2:43am EST
Indian drugmaker Piramal Healthcare raised 18 billion rupees through commercial papers with 30-day and 75-day maturities, to pay in part for raising its stake in Vodafone India unit, a company executive said on Monday.
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Posted: February 6th, 2012, 2:40am EST
Buoyed by a firming global trend, gold prices rose by Rs 124 to Rs 28,347 per ten grams in futures trade on Monday.
