Telecom major to gain 42 million subscribers, will become world’s seventh largest player Kuwait-based Zain Telecom’s board cleared Bharti Airtel’s proposal to buy its African assets for $10.7 billion (around Rs 48,600 crore), marking the Indian company’s first successful attempt …

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The US markets rallied on Wednesday, with the Dow closing at 10888, stronger by 102 points, Nasdaq ended at 2415, higher by 19 points and S&P shut shop at 1174, up eight points. The Dow has gained in 10 out of the past 11 sessions and is now, along with S&P, trading at 18-mon…

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Markets (NSE/BSE) to remain closed on 24th March 2010 on account of Ram Navmi …

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The Standard & Poor’s 500 Index rose 0.4 percent to 1,164.25 in New York, as health-care shares climbed after the U.S. House passed legislation to allow uninsured Americans to get medical coverage and analyst upgrade helped chipmakers gain The MSCI World Index of global stocks rose…

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The Secretary of Ministry of Petroleum and Natural Gas, Mr S. Sundareshan, on Saturday told a press conference here that “hard decisions are necessary” against the backdrop of volatility in the global crude oil prices. Pointing out that under-recovery (extent of cost uncovered by sel…

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Nifty-based ETFs already available on eight exchanges; CME alliance to push volumes exponentially. The Nifty has gained popularity across time zones, with exchange-traded funds (ETFs) based on it being traded on eight stock exchanges across the globe. This even as the futures and options…

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Surprises market with 25-basis-point rise; banks not to increase rates immediately. The Reserve Bank of India (RBI) today surprised banks and money market players by raising key policy rates 25 basis points. The move, aimed at taming inflation and anchoring inflationary expectations, mar…

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Idea Cellular has moved ahead as the government-appointed special auditors found no major accounting discrepancy in its balance-sheet. The stock is trading at Rs 65, higher by Rs 1 or 2.1%, on the BSE. According to sources, the auditors did not find any major diversion of revenues that m…

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Standard & Poor’s (S&P) Ratings Services today said that it revised the outlook on India to stable from negative. At the same time, we affirmed the ‘BBB-‘ long-term and ‘A-3′ short-term sovereign credit ratings on India. The revision in outlook ref…

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Hang Seng ETF to list on the National Stock Exchange on Thursday. Indian investors will soon be able to take exposure to Chinese and Hong Kong markets by trading in an exchange-traded fund (ETF) that tracks the Hang Seng index. The Hang Seng Benchmark Exchange Traded Fund (Hang Seng BeES…

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