Financially-stricken Greece is showing an even bigger budget deficit for 2009 than previously thought. Figures Thursday from the European Union’s statistics office show that the budget deficit in 2009 as a percentage of economic output was 13.6 percent — up from the previous …

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Results Today: ACC, Ambuja Cements, Birla Corp, Coromandel International, Esab India, FAG Bearings, Gujarat Gas, Indiabulls Power, Nestle, Rallis India, Sterlite Technologies, Strides Acrolab, Wipro & Zensar Technologies …

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The sovereign debt crisis facing Europe, which started in Greece, is spreading to many other large economies in the Organization for Economic Cooperation and Development (OECD), according to New York University professor of economics Nouriel Roubini. “Public debt sustainability has…

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Investors apathy towards new listings continues as seen from the decline in the shares of most of the companies that debuted on the bourses this month. Four of the five initial public offerings (IPOs) listed in the past three weeks are quoting at a significant discount to their offer pri…

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In it annual credit policy review, the Reserve Bank of India raised the repo, reverse repo rates and the CRR by 25 basis points each. This is in line with street expectation, although a section of the market was expecting a 50 bps hike in the CRR. Markets have started witnessing a relief …

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The robust credit pick-up in the fourth quarter of 2009-10, which helped the banking system to top central bank’s credit growth projections for the financial year, was primarily driven by retail loans, but credit flow to the commercial real estate sector fell drastically following an in…

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We have now read the SEC’s fraud allegations against Goldman and Fabrice Tourre in detail. This will sound surprising given how much Goldman’s stock and the equity market have been hammered by the allegations, but here’s our initial take: The SEC’s case against …

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In a truncated trading week, eight out of the 10 most valued firms lost nearly Rs 40,000 crore from their market capitalisation, with Reliance Industries losing the most. Mukesh Ambani-led Reliance Industries, the numero-uno firm in the list, which will come out with its yearly figures f…

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By Jonathan Stempel and Steve Eder NEW YORK (Reuters) – Goldman Sachs Group Inc was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a debt product tied to subprime mortgages that was designed to fail. The lawsuit is the biggest crisis in yea…

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Despite solid gains in the broader market, there are several companies still trading at prices well below their book value. While market experts hope to see multi-baggers in this group of undervalued stocks, the process of picking potential winners and backing it up with conviction is fra…

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