Deal values Reliance Capital’s life insurance arm at Rs 11,500 cr. Reliance Capital has agreed to sell a 26 per cent stake in its life insurance arm to Japan’s Nippon Life Insurance for Rs 3,062 crore. The deal, the largest foreign direct investment (FDI) in the country’s insurance…

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Markets continued to trade on a positive note on back of buying visible across sectors. The Sensex was at 18,365 higher by 191 points and the S&P CNX Nifty was at 5492 higher by 47 points. Reliance Infrastructure was the top gainer among the Sensex stocks, the stock added 2.5% to Rs…

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Japan has awoken to devastation along its northeastern coast, with fires raging in many cities, parts of others still underwater and serious concerns about two nuclear reactors in the worst hit area. At least 1,000 people are known to have died in the massive 8.9 magnitude earthquake the…

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TOKYO – Japan was struck by a magnitude 7.9 earthquake off its northeastern coast Friday, shaking buildings in Tokyo for several minutes and prompting a tsunami warning. Japan’s meteorological agency warned that a tsunami as high as 20 feet (6 metres) could strike the coast n…

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Oil prices fell for a second day on Wednesday as OPEC considered raising production, pushing up Asian stocks although investors remained on edge because of the turmoil in West Asia. The euro nursed heavy losses early in Asia as worries about European sovereign debt problems intensified f…

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New Delhi/Chennai: After a three-day tense drama that triggered a major crisis for Prime Minister Manmohan Singh, Tamil Nadu’s ruling DMK Tuesday finally allowed the Congress to contest 63 of the 234 seats in next month’s Assembly elections. After suddenly ending seven years …

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Markets continued to trade on a strong note, the Sensex was at 18,413 higher by 190 points and the S&P CNX Nifty added 49 points at 5512. Jaiprakash Associates was the top Sensex gainer the stock added 3% to Rs 84, followed by Reliance Infrastructure, ONGC, Tata Motors, Bharti Airte…

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Alex Kennedy, Associated Press, On Monday March 7, 2011, 3:49 am EST SINGAPORE (AP) — Oil prices rose above $106 a barrel Monday in Asia as intense fighting between Libyan government forces and rebels raised the prospect of a prolonged cut in crude exports from the OPEC nation. Be…

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Consumers might be spared an increase in diesel prices for the time being. The reason: An already high inflation makes such a move risky for the government in view of the coming state elections. The elections will be over in mid-May. The decision to decontrol diesel prices was yet not of…

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Chennai: The Dravida Munnettra Kazhagam (DMK) on Saturday decided to pull out of UPA Government at the Centre and to withdraw its ministers from the Cabinet. The DMK however said it will provide only issue-based support to the UPA Government. DMK resolution, passed during the party&#821…

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