Sterlite Industries India Ltd (SIIL) will be doubling capacity at its copper-smelting plant here, with an investment of around Rs 2,500 crore. The company is hoping to complete the expansion by 2013. It may be noted the Madras High Court had earlier ordered the company to shut the unit b…

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Marcy Gordon, AP Business Writer, On Friday April 15, 2011, 8:49 pm EDT WASHINGTON (AP) — Regulators on Friday shut down a total of six banks in Alabama, Georgia, Minnesota and Mississippi, boosting the number of U.S. bank failures this year to 34. There were 157 bank closures in 2…

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Infosys Technologies, India’s second largest software services exports firm, has posted a net profit rise of 17.1% y-o-y to Rs 1,818 crore in its net profit for the fourth quarter ended March 31, 2011 as compared to Rs 1,600 crore in the corresponding quarter a year ago. The net pr…

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The foreign institutional investors (FIIs) were net sellers of Rs 944.11 crore in futures and options segments on Wednesday. According to the data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 77.29 crore, but they bought index options worth Rs 207.7 crore…

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Markets to remain closed on 14-04-11 (Thursday) on account of Dr. Babasaheb Ambedkar Jayanti …

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ING Investment Management has resumed buying Indian equities for the first time in almost a year as valuations are now cheaper and inflation looks close to peaking, a strategist for ING’s emerging markets fund told Reuters on Tuesday. India has been among this year’s worst-pe…

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Japanese authorities have raised the severity rating of their nuclear crisis to the highest level, seven. The decision reflects the total release of radiation at the damaged Fukushima Daiichi power plant, which is ongoing, rather than a sudden deterioration. Level seven previously only …

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Markets to remain closed on 12-04-11 (Tuesday) on account of Ram Navmi …

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Consolidation likely strategy, but not because sector isn’t expanding: Experts Consolidation is the way forward for the Indian retail industry, but not through distress sale, say experts and analysts tracking the sector. The consolidation talk has gained momentum following the recent…

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Taking note of the swelling support for the Anna Hazare-led campaign for a tougher Jan Lokpal Bill, the UPA government on Friday agreed to issue an order for setting up a committee comprising civil society and elected representatives to draft the law. The decision was taken after the gov…

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