Showing their faith on the Indian economy, overseas funds infused a whopping $6.11 billion in October, the highest amount brought in any single month by the FIIs since they were allowed for investment in local stocks. With an investment of $6.11 billion in just 25 days in October, the to…

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Vedanta Group firm Sesa Goa is planning an investment of over Rs 30,000 crore in the steel space in Orissa and Jharkhand and may rope in a global company to jointly run the ventures, the company said today. “We have written to the Orissa government for transferring an MoU signed wi…

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By Diksha Dutta The just-concluded earnings season of the country’s top four IT firms reveals that the recruitment levels in the $60-billion IT industry has returned to its October-December 2007 peak. The icing on the cake is the news that average attrition in the industry saw only…

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NEW YORK (AP) — Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer. In a dramatic shift, the bank also said it will change its consumer banking strategy to focu…

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Huge interest from FIIs; retail investors, CIL staffers less enthused. The much-awaited Initial Public Offer (IPO) of Coal India Ltd (CIL) opened for subscription today and was subscribed 34 per cent (0.34 times) on the first day. And, contrary to the trend seen in most of the recent iss…

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The National Stock Exchange (NSE) have decided to implement call auction in pre-open session from October 18 to reduce price volatility and better price discovery, a senior exchange official said here. “The NSE has commenced mock trading for pre-open call auction and we are ready t…

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FII’s today seemed to have resumed their bulk buying, they made purchases of 2102 cr. in Cash Market today, keeping the Markets strong. DII’s on the other had remained net setters worth 1354.81 cr’s. Indices opened on a flat and gained momentum as the session progressed…

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Stocks climb as weak jobs report adds to hopes for Fed action; Dow touches 11,000 Stephen Bernard, AP Business Writer, On Friday October 8, 2010, 2:07 pm NEW YORK (AP) — Stocks rose Friday after another weak report on unemployment added to expectations that the Federal Reserve w…

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Some of the money pulled out of mutual funds and the secondary market is coming back via public issues. With the benchmark Sensex nearing its January 2008 peak, retail investors are on a selling spree. Mutual funds are facing redemptions from retail investors looking for a profitable exi…

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US stocks get a lift from services sector gains; Japanese rate cut lifts world markets NEW YORK (AP) — Stocks rose Tuesday following news that activity expanded in the U.S. services sector last month. World markets also rose after the central bank of Japan surprised investors by …

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