Markets advanced for the fourth straight week as investors cheered RBI’s decision to cut the cash reserve ratio by 50 bps and on the back of aggressive buying from foreign institutional investors who have injected $1.54 billion this month so far. A negative food inflation also helpe…

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Click on the charts to enlarge: Nifty: Nifty is not reaching strong resistance level of 5200. It is likely nifty here sees some profit booking/ consolidation for few days before the next upmove. If manages to close above 5200 for couple of days, nifty could head higher to 5350 in near t…

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The radiation is mostly a concern for satellite disruptions and astronauts in space. It can cause communication problems for polar-traveling airplanes, said space weather center physicist Doug Biesecker. Radiation from Sunday’s flare arrived at Earth an hour later and will likely c…

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Alfa Laval, subsidiary of Sweden-based Alfa Laval Corporate AB, today said its delisting offer will commence on February 15. The entity, which offers heat transfer, separation and fluid handling technologies, said in a statement: “The opening date for the bid is February 15, 2012,…

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Grasim Industries, part of the Aditya Birla group, posted a 33 per cent rise in its net profit at Rs 669 crore for the quarter ended December 31, compared to Rs 502 crore a year earlier. Net sales grew 17 per cent from Rs 5,461 crore to Rs 6,364 crore. Grasim said cement was the major dr…

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The Reserve Bank of India (RBI) has left its key policy rates unchanged in its third quarter monetary policy (October-December). However, contrary to many experts, the central bank has cut cash reserve ratio (CRR) by 50 basis points (bps) to 5.5% effective from January 28. The CRR cut is …

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NEW DELHI: The budget session of parliament is likely to begin from the second week of March, informed sources said Monday. The union budget for 2012-13 could be presented in the third week of March, following its postponment from the February end date in view of the state elections. Th…

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Larsen and Toubro (L&T), an engineering & construction company, has reported a net profit of Rs 991 crore in the third quarter of FY12, a growth of 18% as compared to Rs 840 crore in a year ago quarter. Other income jumped 78.9% to Rs 449 crore from Rs 251 crore during the same…

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