Stocks pull back in afternoon trading after worse-than-expected consumer confidence report By Stephen Bernard, AP Business Writer , On Tuesday February 23, 2010, 2:47 pm NEW YORK (AP) — The stock market pulled back Tuesday after a surprising drop in consumer confidence reminded …

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Auto * Increase in excise duty by 2%-4%. * Increased allocation under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) for buses * No change in excise duties for large cars Banking and financial services * Interest subventions for pre-shipment credit and short-term crop loan…

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Railway stocks today declined in the range of 5-10% each, ahead of the Railway Budget on February 24, due to overall weakness in market coupled with profit taking. Most of these stocks had appreciated between 10-40% in last two weeks. Kernex Microsystems and Kalindee Rail Nirman were fro…

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Shree Renuka Sugars has moved up after buying a controlling stake in a Brazilian sugar firm. The stock is trading at Rs 181, stronger by Rs 1 or 0.7%, on the BSE. The shares had opened at Rs 185 and have touched a high of Rs 187 and a low of Rs 180 thus far. The company has signed an agr…

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PSU firm had earlier entered into pact with Ferrous Group, UK, for developing the mine at an investment of $2.5 bn State-owned NMDC is learnt to be eyeing six overseas properties, including that of UK-based Ferrous Group’s Brazilian mines, in which it may pick up 50 per cent stake…

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Greek Prime Minister George Papandreou has told the BBC his country is not looking for an EU bailout to help cut its debt levels effectively. He said Greece needs political support to enable it to borrow money at the same interest rate as other countries. Greece has one of Europe’…

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Fed raises banks’ emergency-loan rate to 0.75 pct; won’t directly affect consumer borrowing By Jeannine Aversa, AP Economics Writer , On Thursday February 18, 2010, 7:35 pm EST WASHINGTON (AP) — The Federal Reserve decided Thursday to boost the rate banks pay for eme…

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NEW YORK (MarketWatch) — U.S. stocks inched up Thursday as investors took a somewhat optimistic view of a mixed bag of earnings reports and economic data. The Dow Jones Industrial Average (DJI:^DJI – News) was up 14 points, or 0.1%, to 10,323, in recent trading. Insurance pro…

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The Nifty opened as expected and remained range-bound thereafter on profit-booking yesterday. The market is expected to be range-bound today as well and may witness profit-booking at higher levels as only six trading sessions are left for the expiry of the current month’s series. Also,…

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The finance ministry has advocated an increase in auto and cooking fuel prices only after the Budget is tabled in Parliament on February 26 in an effort to avert possible united protests from the United Progressive Alliance’s non-Congress allies and opposition parties ahead of a busy op…

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