To tackle competition from the MCX Stock Exchange (MCX-SX), the Bombay Stock Exchange (BSE) is widening its product basket. The exchange is set to launch a new product that would allow systematic investment plans (SIPs) through its platform. The move is aimed at attracting retail investor…

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Sun TV Network and SpiceJet have tanked up to 40% on the bourses in morning trades on reports that the Central Bureau of Investigation (CBI) has questioned the Maran Brothers in Aircel-Maxis deal case. “Former Union Textile Minister and Lok Sabha MP Dayanidhi Maran and Sun Group chairm…

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A majority of the stocks that the National Stock Exchange (NSE) has decided to remove from the futures and options (F&O) segment took a beating on Wednesday due to unwinding of positions by traders. Out of the 51 excluded stocks, 44 ended with losses, with prominent names like Educom…

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Forexpros – European stocks closed sharply lower Tuesday, as investors continued to monitor Spanish borrowing costs amid concerns the euro zone’s fourth largest economy will soon need a full-scale sovereign debt bailout. Weak manufacturing data out of the euro zone also weighed o…

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Total income from operations rose 24% to Rs 10,619 cr from Rs 8,538 cr in year-ago period Soap to software major Wipro Ltd reported 18.37% increase in consolidated net profit at Rs 1,580.2 crore for the first quarter ended June 30, 2012. The total income from operations during the quart…

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Asian stocks dropped for a second day after a Chinese central bank adviser forecast an economic slowdown and on renewed concern that Greece may not meet its bailout targets, damping demand for riskier assets. Machinery maker Komatsu Ltd. (6301), which generates 24 percent of its revenue …

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In a veiled threat, Russia has hinted at Indian investment in its oil and gas fields getting impacted in the wake of problems its telecom major Sistema faces here due to the cancellation of its 2G licences. “There can be no investment from the Indian side (in Russia) if such things…

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Los Angeles: Microsoft posted its first quarterly loss in its 26 years as a public company on Thursday as it declared a struggling online ad business a bust and prepared for one of the biggest product updates in its history. The software company had warned two weeks ago that it would tak…

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Markets opened flat tracking mixed global cues. The BSE benchmark index was down 38 points at 17,241 and the Nifty lost 14 points at 5,228. The broader markets were flat with a positive bias. The rupee fell tracking weaker regional currencies, as the euro fell against the dollar underm…

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Despite slowing growth and weak monsoon, they have bought Indian stocks worth $1.46 billion in July so far Despite the adverse news flow over a weak monsoon, slowing economic growth and a high interest rate scenario, foreign institutional investors (FIIs) have invested $1.46 billion in I…

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