A majority of retail investors expect the Bombay Stock Exchange (BSE) benchmark, the Sensex, to cross the 22,000 level during calendar year 2011, showed a Morgan Stanley survey, released on Monday. Conducted among 600 urban equity investors, with an average annual income of $13,500 (abou…

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Sets up joint venture with D E Shaw Reliance Industries (RIL) Chairman Mukesh Ambani has finally entered the financial services space. This comes just days before the Reserve Bank of India is expected to announce the draft guidelines for entry of new banks. RIL today set up a joint vent…

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The BBC’s Mark Worthington says many people in Japan are becoming increasingly concerned about what is going to happen in the future The operators of a stricken Japanese nuclear plant have apologised for a “mistake” in reporting a radiation spike 10 million times above …

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Radioactivity in water at reactor 2 at the quake-damaged Fukushima nuclear plant has reached 10 million times the usual level, company officials say. Workers trying to cool the reactor core to avoid a meltdown have been evacuated. Earlier, Japan’s nuclear agency said that levels o…

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Markets gained smartly in late-noon trades on the back of all-round buying. A positive closing for Asian markets and reports that the government has tabled some key reform bills in the Parliament this week, helped the index to end in the positive for the fourth straight day. The marke…

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Arbitrage funds lose sheen Mehul Shah / Mumbai March 25, 2011, 0:10 IST Investors pull out money for higher yields in debt schemes. Arbitrage funds, seen as an alternative to debt funds, have seen a 75 per cent drop in their assets in the current financial year after…

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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Wednesday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. The market’s favored indicator of anxiety, the Chicago Board Opti…

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“Better late than never,” is what Warren Edward Buffett, also known by investors worldwide as the Sage of Omaha, has to say about making his first visit to India at the age of 81. “I do hope that I spend some money here,” he told journalists, kicking off his visit with a lively m…

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After opening higher, the markets continued the positive run. The Sensex was at 17,970 higher by 131 points and the Nifty added 36 points to 5401. The Asian markets continued to trade on a positive note, the NIkkei225 jumped 334 points to 9541, Taiwan Weighted added 65 points to 8533 and…

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Says they can’t lend liquidity adjustment facility funds in overnight money market. Banks have come under fire from the Reserve Bank of India (RBI) for lending funds borrowed under the liquidity adjustment facility (LAF) in the overnight money market. LAF funds are meant to meet banks�…

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