Petrol costlier by Rs 3.50; Diesel up by Rs 2; LPG cylinder to cost Rs 35 more It was all stitched up at a one-on-one meeting between Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee last week. Once the decision was taken, the Minister for Petroleum and Natural Gas Mur…

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You can learn a lot from watching the World Cup — and not just about soccer. As I’ve tuned into the games I’ve started to realize how many ways it’s just like the stock market — and how it can actually teach you a useful thing or two about making money. Don&…

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BERLIN: Billionaire investor George Soros warned on Wednesday that the euro could fail and that what he termed “dangerous” policy decisions in Berlin could destabilise the entire European continent. “Unfortunately, a collapse of the euro and the European project cannot …

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Markets today ended in red, nifty closed 36 points down at 5316 and Sensex lost 126 points, making a close at 17749. The Metals, IT and the Telecom stocks witnessed profit booking. Even the Mid-Cap and the Small-Cap stocks saw some offloading. Selling was not only seen in India but also …

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The $5 billion Saudi Bin Ladin group was founded by 1931 by the late Sheikh Mohammed Bin Ladin, who is also the father of the world’s most wanted terrorist and al-Qaida founder Osama Bin Laden. The group, which disowned Osama Bin Ladin in 1994 much before he shot to notoriety for master…

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Roadmap for mega entry into power, 4G services. His brother Anil Ambani disappointed the cameras by not turning up at the much-hyped annual general meeting (AGM) and the tone of the speech to his “dear shareholders” was too matter of fact. But Reliance Industries Limited (RIL) Chairm…

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Commentary: Focus to shift from Europe in July Add earnings warnings and lower estimates to the widening mess of oil spillage, BP PLC’s fight for its life and Europe’s debt crisis this summer. Concerns about the impact on corporate profits from things like the weak euro and …

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The government today said that it will introduce a draft legislation on the Direct Taxes Code (DTC), which would replace half-a-century old Income Tax Act, in Parliament in the forthcoming monsoon session. The first draft tax code was released in August 2009 and received more than 1,600 c…

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By Nicolas Johnson and Anna Kitanaka Asian stocks rose to a one-week high on an increased estimate of technology spending and a gauge of bond risk declined after the European Central Bank said it will extend measures to battle the region’s debt crisis. The MSCI Asia Pacific Index of e…

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Three bomb disposal experts died after a 1,100-pound World War II bomb they were preparing to defuse exploded in Goettingen, central Germany on June 2, 2010. Six persons were wounded, two of them seriously, in the blast in the central German town of Goettingen, according to German and int…

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