Names of 15 Indians who have stashed away wealth in offshore banks have been made public by Tehelka magazine in its latest issue. Tehelka claimed it has in possession two more names, but were holding them back for verification. One name is alleged to be that of a prominent politician and…

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Bernanke: Stronger hiring is needed for US economic recovery to be `truly established.’ Jeannine Aversa, AP Economics Writer, On Thursday February 3, 2011, 1:02 pm EST WASHINGTON (AP) — The United States can’t fully recover from the worst recession in decades until hi…

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International consequences and impact on India will be more severe if situation deteriorates; other companies prefer to wait and watch for the situation to unfold Marico and Dabur have temporarily shut down their units in Egypt and trade between the two countries has been disrupted follo…

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Former Telecom Minister A Raja today arrested by the Central Bureau of Investigation in New Delhi. The tainted minister will be charged under the Prevention of Curruption Act. Raja was forced to resign on November 14 last year in the wake of the CAG report which held that the spectrum al…

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The BSE Realty index had underperformed the market over the past one month till 27 January 2011, falling almost 15% compared with the Sensex’s 7-8% decline. The The BSE Realty index had also underperformed the market in past one quarter, sliding around 40% as against 7.5% decline in…

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Manufacturing activity rises at fastest pace since May 2004; construction spending plunges Christopher S. Rugaber, AP Economics Writer, On Tuesday February 1, 2011, 12:02 pm EST WASHINGTON (AP) — Factory activity expanded in January at the fastest pace in nearly seven years, as m…

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In a move that will be closely watched by other bourses, the Bombay Stock Exchange (BSE) has decided to introduce delivery-based stock futures and options contracts (F&O) from February. The move comes six months after the capital market regulator gave the go-ahead for delivery-based …

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Looking at the Nifty chart below, it seems Nifty is likely to trade in the 5250-5850 range in near term. Considering the recent fall we can expect a small bounce, possibly up to 5620 levels. On the downside, 5350-5400 levels are likely in coming days. For now Nifty will face strong resist…

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Cairo residents boarded up homes and set up neighborhood watches of citizens armed with guns, clubs and knives as looting and violence engulfed the capital. With the police having disappeared from the streets, the army expanded its presence of tanks and armored personnel carriers but mai…

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“No Idea, Get Idea”. Idea Cellular’s campaign to woo subscribers of rival telecom companies seems to be paying it rich dividends. The country’s sixth-largest mobile operator was the biggest gainer in the first eight days of mobile number portability (MNP) being launched across the…

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