Coal India listing and US Fed’s QE-2 buoy market sentiment Fireworks were lit on Dalal Street a day ahead of Diwali. The benchmark Bombay Stock Exchange (BSE) Sensex on Thursday came tantalisingly close to the psychological mark of 21,000 while ending the day at a new high. A spectacul…

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Low-cost carrier (LCC) SpiceJet on Tuesday said it would spend $900 million to buy 30 small aircraft from Canada’s Bombardier to enhance regional connectivity in the country. “The SpiceJet board on Tuesday approved an order of up to 30 aircraft, with deliveries commencing from the sec…

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Click to enlarge photo By Surojit Gupta and Suvashree Dey Choudhury MUMBAI (Reuters) – The Reserve Bank of India (RBI) cautioned on Monday that inflation is still above its comfort level, and elevated levels of wholesale and consumer price inflation remain a challenge for monetary…

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Hearings begin in the trial of Raju and others accused of perpetrating India Inc’s biggest fraud. A new phase in the Satyam Computers accounting fraud case will unfold on November 2, when the trial begins into the biggest scam in India’s corporate history. The legal noose has been ti…

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The Bombay Stock Exchange (BSE) has halted trading for 150 minutes from 12 noon to 2.30 pm due to technical glitches. However, the Nifty continued its trading. As per BSE website, “Due to technical problem faced by members in trade confirmation, it has been decided to close the mar…

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Bombay Stock Exchange, via a small statement has released the timings for the Muhurat Trading (Samavat Year 2067) on 5 November 2010 on occasion of Diwali. Login: 5 pm to 6 pm Call Auction: 6 pm to 6.15 pm Continuous Trading: 6.15 pm to 7 pm Closing: 7 pm to 7.10 pm Post Closing: 7.1…

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By fe Bureaus The country’s largest two-wheeler maker Hero Honda on Friday registered a 15% decline in net profit in September quarter, its biggest drop in quarterly profit in three years, on higher raw material costs, capacity constraints and increased competition. Net profit stoo…

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State-owned Bharat Petroleum today said that its oil block in the Brazil offshore, discovered hydrocarbons. “The block SEAL-M-426 witnessed the first ultra deep water drilling, and identified hydrocarbon presence. The well is still under drilling and likely to meet older reserves b…

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The death toll from a tsunami that hit several remote islands in Indonesia has risen to at least 282, officials say. Rescue teams on the Mentawai islands say hundreds are still missing, two days after a 7.7-magnitude earthquake triggered a tsunami in western Sumatra. Officials say there…

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By Press Trust of India After missing three deadlines, mobile number portability (MNP), which allows subscribers to retain numbers even after changing service operators, will be rolled out in November, Telecom Minister A Raja said. “November 1 onwards, MNP would be operational par…

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