NEW DELHI: Continuing its falling streak, the rupee on Wednesday breached the 60 level versus the US dollar, an all-time low for the currency. At 15:00, it was Asia’s worst performing currency for the day. The Reserve Bank of India ( RBI) was again spotted selling dollars in the af…

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In the first six months of the year, the average number of deals a month stood at 1,264, against 1,484 in the six months ended December 2012 Though shares of many companies, especially mid- and small-cap ones, are available at throwaway prices, these are yet to attract the India’s …

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Amid a weak stock market last week, blue-chips such as TCS, ONGC, RIL, ITC and HDFC Bank saw losses in their m-cap Top nine blue-chip companies of the country saw a cumulative erosion of Rs 35,893 crore from their market value last week, with HDFC Bank and ITC taking the steepest hit. A…

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India VIX index, NSE’s gauge for implied volatility, is at its highest level since June 28, 2012 The market is bracing itself for more volatile sessions in days to come following US Federal Reserve’s decision to phase out economic stimulus and weak data emanating out of China…

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Slym announces 8 upgrades, plans new SUV; Sanand plant may make other small cars, too Tata Motors is planning a slew of launches, including those of a more powerful Nano, sports utility vehicles based on the Land Rover and upgrades to other models, over the next few years, to arrest the…

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“In order to attend the calls from the relatives of pilgrims a control room with the telephone number 040-23451043 has been opened,” the State Disaster Management Commissioner T Radha said in a release. The details of the stranded passengers in Uttarakhand state may be sent t…

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RBI keeps key policy rates, CRR unchanged (Meaning of CRR Rate, Repo Rate and Reverse Repo Rate) In the mid-quarter review of the monetary policy held today, the Reserve Bank of India (RBI)…

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Rupee strengthens, Sensex gains on 4.7% WPI-based inflation; all eyes on RBI Ahead of Monday’s monetary policy review by the Reserve Bank of India, Wholesale Price Index (WPI)-based inflation fell to a 43-month low of 4.7 per cent in May from 4.89 per cent in the previous month, offici…

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Largest outbound deal involving an Indian auto firm to see birth of world’s 7th-largest tyre maker In what is expected to be the largest outbound deal in the Indian automobile industry, Apollo Tyres today said it would acquire US-based Cooper Tire & Rubber Company, maker of ca…

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Concerns regarding winding down of the $85-billion-a-month quantitative easing (QE) programme by the US Federal Reserve, or the US Fed, coupled with a weakening currency (rupee) back home has sent the benchmark indices tumbling 6.4 per cent, or 1,301 points, from its 52-week high of 20,44…

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