Sensex down more than 400 points on global cues |
- Sensex down more than 400 points on global cues
- Asian stocks sink on US recession fear, Europe debt
- Buffett can't get analysts to say buy Berkshire
- Bankers to strike today
- Lagarde under scanner in $400 million arbitration deal
- Kraft to spin off $16bn grocery biz
- Cairn asked to pay 20% tax on Petronas deal
- Silver, gold emerge best bets in 2010
- Ranbaxy dips 4% on Pfizer's Lipitor move
- Few takers for new infra funding plans
- FM hints at raising diesel price for cars
- Hitachi, Mitsubishi all set to merge
- Government to pump Rs 1,732 crore into Air India
- Rupee ends at over 2-week low of 44.55 against dollar
- Car owners may not get subsidised diesel: Government
- Sensex closes 247 points lower
- Harley-Davidson's Fat-Boy bike comes to India
- Adani Power net jumps 54% to Rs 177 crore
- Govt keen on decontrol of diesel price
- Govt moving in direction of decontrol of diesel price: Pranab
- Sensex in green after initial hiccup
- Hitachi, MHI to soon set up merger preparation committee-Nikkei
- Cognizant performance is great, not exceptional
- On PM's intervention, AI to get Rs 500cr infusion
| Sensex down more than 400 points on global cues Posted: 04 Aug 2011 08:59 PM PDT Indian shares opened more than 2 percent lower on Friday, joining a slide in Asian stocks after fresh fears that the US economy was sliding back into recession. 
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| Asian stocks sink on US recession fear, Europe debt Posted: 04 Aug 2011 07:39 PM PDT Asian stock markets tumbled on Friday as investors dumped riskier assets amid fears the US is heading back into recession and Europe's debt crisis is worsening. 
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| Buffett can't get analysts to say buy Berkshire Posted: 04 Aug 2011 06:22 PM PDT Warren Buffett's Berkshire Hathaway can't get a buy recommendation from equity analysts, even as it trades in New York at the cheapest price relative to book value since March 2009. 
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| Posted: 04 Aug 2011 06:19 PM PDT Banking operations across the country are expected to be affected on Friday due to a day-long strike by employees protesting against the proposed banking sector reforms . 
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| Lagarde under scanner in $400 million arbitration deal Posted: 04 Aug 2011 06:00 PM PDT A French court on Thursday ordered a probe into IMF chief Christine Lagarde's role in a $400 million arbitration deal in favour of a controversial tycoon. 
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| Kraft to spin off $16bn grocery biz Posted: 04 Aug 2011 05:56 PM PDT Kraft Foods, the world's second-biggest food company, plans to spin off its North American grocery business to focus on pushing snack foods such as Oreos cookies and Cadbury chocolates into emerging markets. 
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| Cairn asked to pay 20% tax on Petronas deal Posted: 04 Aug 2011 05:54 PM PDT The Authority of Advance Ruling (AAR) has ruled in favour of the income tax department and set aside Cairn UK's plea to deduct 10% as withholding tax for the 2009 Petronas deal. 
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| Silver, gold emerge best bets in 2010 Posted: 04 Aug 2011 05:52 PM PDT Last year, if you had adhered to the age-old advice to invest in precious metals when the chips are down for the global economy, you would be rolling in the moolah today. 
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| Ranbaxy dips 4% on Pfizer's Lipitor move Posted: 04 Aug 2011 05:50 PM PDT Ranbaxy scrip suffered losses and closed lower on the BSE on Thursday on fears that Pfizer was reportedly planning to launch an overthe-counter (OTC) version of cholesterol-lowering drug, Lipitor, once the drug loses patent protection in US in November this year. 
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| Few takers for new infra funding plans Posted: 04 Aug 2011 05:25 PM PDT Over the last five years the government has announced at least half-a-dozen new schemes for infrastructure finance. 
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| FM hints at raising diesel price for cars Posted: 04 Aug 2011 12:03 PM PDT Running your diesel car may soon become more expensive. The government on Thursday said that it would consider a suggestion to remove subsidy on diesel used in passenger cars. 
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| Hitachi, Mitsubishi all set to merge Posted: 04 Aug 2011 08:45 AM PDT Hitachi Ltd and Mitsubishi Heavy Industries Ltd have begun talks on what would be Japan's biggest domestic merger, three sources said, heralding a long awaited shake-up of the nation's industrial behemoths. 
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| Government to pump Rs 1,732 crore into Air India Posted: 04 Aug 2011 08:37 AM PDT In a bid to pump cash into the financially-troubled Air India, the government on Thursday cleared a Rs 1,732 crore package for the flag carrier, that was struggling even to pay salaries to its staff. 
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| Rupee ends at over 2-week low of 44.55 against dollar Posted: 04 Aug 2011 05:49 AM PDT In its third straight session of loss, the rupee closed 23 paise down at a more than two-week low of 44.54/55 against the US currency in line with sluggish local equities on sustained dollar demand of a strong American unit overseas. 
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| Car owners may not get subsidised diesel: Government Posted: 04 Aug 2011 05:10 AM PDT With passenger cars consuming about 15% of the diesel, the government indicated that it might do away with the subsidy enjoyed by such vehicle owners. 
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| Sensex closes 247 points lower Posted: 04 Aug 2011 04:54 AM PDT Extending losses for the third day, the benchmark Sensex plunged by 247 points to close at a six-week low on across-the-board selling by investors after food inflation crossed 8 per cent mark fanning fears of yet another rate hike. 
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| Harley-Davidson's Fat-Boy bike comes to India Posted: 04 Aug 2011 04:04 AM PDT American luxury motorcycle manufacture Harley-Davidson on Thursday launched a new version of its Fat-Boy bike in the country with a price tag of Rs 19,70,000 (ex-showroom Delhi). 
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| Adani Power net jumps 54% to Rs 177 crore Posted: 04 Aug 2011 03:34 AM PDT Adani Power, a subsidiary of Adani Enterprises, today reported a 54.5 percent rise in net profit for the June 30 quarter at Rs 176.85 crore. 
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| Govt keen on decontrol of diesel price Posted: 04 Aug 2011 03:32 AM PDT The finance minister said the government is moving in the direction of decontrol of diesel price on which it has taken a view in principle and it has no other proposals. 
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| Govt moving in direction of decontrol of diesel price: Pranab Posted: 04 Aug 2011 03:32 AM PDT The finance minister said the government is moving in the direction of decontrol of diesel price on which it has taken a view in principle and it has no other proposals. 
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| Sensex in green after initial hiccup Posted: 03 Aug 2011 10:49 PM PDT The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 17,980.93 points after 75 minutes into trading, with a gain of 40.38 points, or 0.23 percent over the previous close of 17,940.55 points. 
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| Hitachi, MHI to soon set up merger preparation committee-Nikkei Posted: 03 Aug 2011 10:48 PM PDT Hitachi Ltd and Mitsubishi Heavy Industries (MHI) Ltd will soon set up a merger preparation committee to discuss which units will be merged and how the companies should best proceed, the Nikkei business daily said on Thursday. 
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| Cognizant performance is great, not exceptional Posted: 03 Aug 2011 06:46 PM PDT Cognizant's growth and its rise to the No. 3 spot among IT services providers in India is viewed by some as exceptional. 
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| On PM's intervention, AI to get Rs 500cr infusion Posted: 03 Aug 2011 06:46 PM PDT Prime Minister Manmohan Singh has come to the rescue of Air India's unpaid employees. 
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