BSE Oil & Gas and PSU indices have surged by 3% each Benchmark Indices are higher led by buying demand among Oil & Gas, PSU, Banking and Capital Goods shares. However, selling among IT and Auto sectors have capped the upside movement. By 1240, the Sensex was up 105 points at …

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Vineet Nayar to step down as CEO, Anant Gupta to be at helm of affairs India’s fourth-largest IT services provider HCL Technologies today announced that Vineet Nayar, CEO and Vice Chairman of the company will move away from his executive role by July 2013. Anant Gupta, who was pro…

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Realty, bank, IT shares lead gains, as GAAR boosts sentiment on the street Markets have surged once again, on the back of buying interest in realty and banking shares. The BSE benchmark index crossed the 20K mark to a high of 20,014. Sensex is now up 95 points at 20,002. NSE Nifty has m…

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Muthoot Finance has moved higher by 6% to Rs 229 after the gold finance company reported a 7.65% year-on-year jump in net profit at Rs 270 crore for the third quarter ended December 31, 2012 (Q3). “Total income increased by 11% to Rs 1,365 crore as compared with Rs 1,231 crore in the y…

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An important lesson on how to banish misery This year, we celebrate the 150th birth anniversary (12th January) of one of the greatest Indians of all time—Swami Vivekananda. There is so much one can learn from the life of Swamiji. If one has to understand the full implications of his t…

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Kotak had put this as one of the top picks of 2013 along with ICICI Bank and Marico, even though the stock was exactly at the same level as it was in December 2011, when the Sensex was 15,455, as compared to 19,664 now We have often mentioned that securities analysts and fund managers ar…

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Zeebiz Bureau New Delhi: The government may hike diesel prices by Rs 1 per litre and LPG by Rs 50 to Rs 75 per cylinder by end of this month. As per Zee Business, a meeting between Oil Marketing Companies and the Oil Minister was held on Tuesday in which both had agreed on hiking the pr…

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Entering Iran may lead to trouble for those having significant presence in the US market Major drug makers from India such as Ranbaxy, Cipla, Glenmark and Ind-Swift Laboratories will supply life-saving drugs to the Islamic Republic of Iran. “Iran, faced with a shortage of life-saving …

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During the period, India received $185.7 billion foreign inflows Maharashtra and National Capital Region have cornered over 50% of the foreign direct investment inflows into the country since April 2000, according to the industry ministry data. Maharashtra attracted maximum foreign inf…

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Mumbai: The BSE benchmark Sensex on Thursday ended 51 points higher and Nifty closed above 6,000 level for the first time in two years led by IT and refinery stocks amid firming global trend. The Sensex rose by 50.54 points, or 0.26 percent, to 19,764.78, a level last seen in January 201…

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