Backed by robust growth in net interest income, State Bank of India (SBI) today reported a 13.45 per cent increase in consolidated net profit to Rs 3,806.49 crore for the third quarter ended December 31. The bank’s consolidated net profit in the third quarter of 2009-10 was Rs 3,354.94…

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New Delhi: A day after the Government came under attack from the supreme court over black money stashed abroad, Prime Minister Manmohan Singh has raised the issue in the cabinet. The issue could see the Government facing fresh opposition attack in the Budget session. And sources told CNN…

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Sluggish market, inflation take toll; BofA-ML survey finds optimism on global growth. The slowing reforms, lack of enough government spending and high inflation have hit investment sentiment in the country. Foreign institutional investors (FIIs) have increased their underweight (bearish…

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Tata Steel today said it has raised Rs 507.82 crore through allotment of about 83 lakh shares to a clutch of anchor investors at the upper end of price band of its public offer, which is open for subscription. “Committee of the board of directors of the company by a resolution date…

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JSW Steel today said it plans to infuse Rs 3,800 crore in Ispat industries in the next 2-3 years. The country’s third largest steel maker JSW Steel had acquired nearly 45 per cent stake in debt-ridden Ispat Industries for Rs 2,157 crore in December last year. When asked about the …

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State-owned Indian Oil Corp, the nation’s largest fuel retailer, today said it is losing Rs 1.22 per litre on petrol despite last week’s Rs 2.50 a litre hike in prices, as crude oil rules at two-year high levels. “Based on current price levels in the international oil m…

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MUMBAI: The Rs 4,279-crore that the foreign institutional investors (FIIs) have taken out from the stock market in the last ten sessions, is sending jitters down the spine of local investors, who now fear the pace of outflow could pick up further. Institutional dealers said the nearly $1…

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Sebi consent order comes with tough riders. The Securities & Exchange Board of India (Sebi) has barred Anil Ambani and four other directors of Reliance Infrastructure (R-Infra) and Reliance Natural Resources (RNRL) from investing in listed securities until December this year. This i…

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The markets continue to trade in the red on back of weak global cues and selling pressure in rate sensitives ahead of the headline inflation data for the month of December expected at noon today. The S&P CNX Nifty was down 27 points, at 5725 and the Sensex fell 84 points, at 19,098. …

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Infosys Technologies’ weaker-than-expected results sparked concerns over growth rates of India’s showpiece outsourcing sector as the company flagged a sluggish global economic recovery and currency volatility. Shares in India’s second largest software exporter fell more…

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