The Sensex shed 118 points to close at 18,178. The Nifty also ended lower at 5,437 down 32 points following a drop in global stocks from the recent 30-month highs as the Libyan political turmoil sent oil prices soaring to 2 1/2 year highs, and raising concerns of a disturbance in the glob…

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THE son of Libyan leader Muammar Gaddafi has warned his country is on the verge of civil war after protesters seized control of military bases and tanks. But while he admitted mistakes had been made in a brutal crackdown by his father’s regime, Seif al-Islam Gaddafi said there woul…

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ICE Brent crude futures climbed above $105/barrel Monday as the deepening political unrest in Libya began to affect the country’s oil production, up $2.36/b from Friday’s close. US light crude futures on NYMEX surged by $3.30/b to $89.50/b. Prices subsequently dropped back, w…

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British firm to buy 30% in RIL’s oil & gas fields, investment may touch $20 bn. In the biggest foreign direct investment (FDI) into India, BP, the world’s fourth-largest energy company, will pay $7.2 billion for a 30 per cent stake in 23 oil and gas blocks of Reliance Industries…

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With all recent scams last 2-3 months, many have lost faith in this government. A list of some of the recent scams is given below: 2G Spectrum Scam – Over 1 lakh crore Commonwealth Games Scam – Worth 8,000 crore ISRO scam – Worth 2 lakh crore S-band scam – Wor…

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The government has bowed to opposition demands for a Joint Parliamentary Committee (JPC) investigation into a major telecom corruption scandal, lawmakers said on Sunday, in a move to end months of deadlock and ensure passage of the upcoming Budget. Prime Minister Manmohan Singh is accuse…

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Saturday Cairo: Egypt’s military leadership vows to oversee a “peaceful transition” to democracy and pledges its commitment to all international treaties, a day after Hosni Mubarak bowed out as President in the wake of an unprecedented uprising against his 30-year rule….

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Gold rose, silver gained to a 30- year high and palladium jumped to the highest price in almost 10 years on demand for precious metals to hedge against declines in other assets because of unrest in the Middle East. At least five people have been killed since demonstrations against Bahrai…

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Reliance Mutual Fund today launched India’s first systematic investment plan (SIP) in Reliance Gold Savings Fund, wherein premium will be made on a monthly basis. CEO of Reliance Capital Asset Management Sundeep Sikka said it was the first SIP in gold introduced in the domestic mut…

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It was a holiday at the Central Bureau of Investigation (CBI) headquarters in the capital today. But it quickly turned into a hub of activity as Anil Ambani, chairman of Reliance-ADAG, walked in at around 4 pm. This was the first time that Ambani was called to the CBI headquarters in con…

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