Stan Choe and David K. Randall, AP Business Writers, On Wednesday May 11, 2011, 3:53 pm NEW YORK (AP) — Tumbling demand for commodities and a drop in the euro put financial markets on edge Wednesday, pulling the Dow Jones industrial average down nearly 150 points. Demand for gasol…

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SKS Microfinance, whose shares have slumped 42 per cent in the last three weeks on losses and low recovery in Andhra Pradesh, its largest market, plans to revamp its business model. India’s biggest and only listed microfinance company today said it would raise Rs 4,000-5,000 crore in 2…

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The combined market capitalisation (m-cap) of the country’s top 10 firms declined by Rs 60,046.55 crore during the last week, with telecom giant Bharti Airtel and banking major SBI emerging as the biggest losers. The market cap of Bharti diminished by Rs 10,652.05 crore in the week…

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As the below image indicates, nifty has strong support in the 5320-5380 region. As mentioned in previous posts, it did not manage to cross its long term resistance around 5950-6000 levels. it has maintained its uptrend since Nov’09 and it is likely markets see a bounce/ short coveri…

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The markets has seen a sharp cut in the last few minutes of trades owing to fresh selling in realty, FMCG and power stocks. The Sensex which exhibited flat trades for the most part of the trading day, has now shed 181 points at 18,288. The Nifty has declined 61 points at 5,476. Tata Pow…

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Markets continued to move sideways in afternoon trades. The Sensex was down 101 points at 18,433. Nifty was trading at 5,521 – down 44 points. Auto and IT stocks have led the decline with each of the indices falling around 2%. However, oil & gas index was up 1% at 9,776. Weak…

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Dabur India, the consumer products major, today entered into an agreement with Mumbai-based Ajanta Pharma to acquire the latter’s over-the-counter (OTC) energiser brand, ’30-Plus’. Dabur didn’t disclose the size of the deal, saying it had signed a non-disclosure agreement…

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MUMBAI: The Reserve Bank of India raised interest rates by a sharper-than-expected 50 basis points on Tuesday and said fighting inflation is its priority, even at the expense of short-term growth. Savings bank deposit interest rates was increased from 3.5% to 4%. The rate rise was its ni…

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Al-Qaeda founder and leader Osama Bin Laden is dead, according to US media reports citing officials. The US is in possession of Bin Laden’s body, the reports say. President Barack Obama is due to make a statement shortly. Mr Bin Laden is top of the US most wanted list. He is accu…

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Japanese firm to retain Camlin, Camel brands. India’s favourite stationary and art brand is set for a strategic makeover. The Dandekar family, the promoter of Camlin Ltd, has decided to offload a lion’s share of its stake to Japan’s Kokuyo Co Ltd, according to two independent sour…

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