A strong earthquake of magnitude 7.4 shook the northeast of Japan late on Thursday, and all tsunami alerts have been lifted for the coast already devastated by last month’s massive quake and the tsunami that crippled a nuclear power plant. No damage from Thursday’s quake was …

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Portugal seeks bailout and becomes 3rd victim of Europe debt crisis Barry Hatton and Alan Clendenning, Associated Press, On Wednesday April 6, 2011, 8:30 pm EDT LISBON, Portugal (AP) — Portugal asked for a bailout Wednesday to relieve its crushing debt, joining Greece and Ireland…

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Asia’s developing economies are expected to grow by just under 8% in 2011, according to the Asian Development Bank (ADB) In its annual Asian Development Outlook it predicted that the region would expand solidly over the next two years. However, growth rates would be slower than in…

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Bringing an end to the 26-year-old partnership between the Hero Group and Honda Motor Corporation (HMC), Hero Honda on Tuesday said the Japanese auto maker has exited the company completely after selling its 26 per cent stake to a group firm of the Indian promoter family. Under the new s…

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Budget carrier Spicejet said on Monday its founder Kal Airways Pvt Ltd has pledged 60.15 million shares or 14.84% of the total outstanding equity. It did not say who the shares had been pledged with. Last June, Sun TV founder Kalanidhi Maran and his unlisted firm Kal Airways bought alm…

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In one of the sharpest rally in the last 21 months, the markets recovered significant lost ground of the November 8, 2010, to February 11, 2011 fall. The rally was so sharp that the Nifty gained 8.7 per cent in straight eight trading days at March end. In fact, this week, the index not on…

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Mumbai: The magnificent Team India kept its cool to beat Sri Lanka by six wickets in the final of the World Cup at the Wankhede Stadium in Mumbai on Saturday. Indian skipper MS Dhoni (91) hit the winning runs by swatting a huge six over the long-on boundary. Yuvraj Singh (21) also remai…

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The markets have taken a pause after rallying for eight consecutive trading sessionsm to sign off FY2011 in style. The Sensex has been trading in a narrow range of around 150 points since this morning and is currently at 19,389, lower by 55 points and the Nifty is at 5813, down 20 points….

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Midcap and smallcap stocks, despite the recent spike in the stock market, are continuing to languish. Since November 20, the Bombay Stock Exchange (BSE) midcap index has lost 23 per cent. In comparison, the BSE-30 has fallen much lesser at 12 per cent. Over a three-year period, since Jan…

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The real test for the market will be after Thursday The Sensex opened at 18,950, up seven points from its previous close and the Nifty resumed trade this morning unchanged at 5,687. The benchmarks touched the day’s lows soon after the opening bell, but resumed their upward move on …

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