Mumbai: The rupee fell way past the psychological mark of 57 for the first time to 57.32 against the dollar Friday on strong demand for the American currency from oil importers, increased capital outflows and concerns over slowdown in global economic growth. Continuing its free fall, the…

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NEW YORK (Reuters) – The S&P 500 index fell more than 2 percent late on Thursday as data raised worries about global growth and a bearish note on the markets from Goldman Sachs added to the weak tone. The Dow Jones industrial average (.DJI) was down 242.79 points, or 1.89 perc…

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In spite of macroeconomic headwinds, slowing growth and taxation-related worries, India remains a blue-eyed boy for foreign institutional investors (FIIs) as far as portfolio flows are concerned. Portfolio investments in Indian stocks so far this year have been among the highest in emerg…

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Advance tax collections from corporate India in the first quarter this year (April-June) reported a meagre 4.9 per cent increase to Rs 32,882 crore. That marked a steep fall from 19 per cent growth to Rs 31,346 crore in the corresponding period last year. The indication is companies may h…

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RCom says report is full of factual inaccuracies and that the “orchestrated release” of the report show that the agency has “ulterior motives” Canada-based equity research firm Veritas has downgraded Reliance Communications, India’s second-biggest mobile ph…

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Fitch Ratings has revised India’s outlook to negative from stable. this news came in at a time when the market was grappling with Reserve Bank of India’s unexpected stance of not going with the popular expectation of a rate cut. Fitch says the revision in its outlook is refle…

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UPA’s Presidential nominee may emerge consensus candidate PM may temporarily take charge of finance ministry United Progressive Alliance (UPA) Chairperson Sonia Gandhi on Friday named Finance Minister Pranab Mukherjee as the alliance’s nominee for the Presidential election, afte…

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New Delhi: India’s crucial monsoon rains were 50 per cent below average in the past week, the weather office said on Thursday, a second week of scant rain and confirmation the four-month season has got off to a slow start. But experts said there was no urgent cause for concern, wit…

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Markets slump in afternoon deals lead by financials as hopes of a rate cut remains elusive after WPI inflation data. May WPI inflation stood at 7.55%. At 12:10, the BSE Sensex was down 103 points at 16,778 and the Nifty lost 33 points at 5,088. The Sensex touched an intra-day low of 16,76…

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The total value of shares pledged by Indian promoters as a percentage of the market capitalisation (m-cap) of their companies has fallen to its lowest level since March 2009, indicating promoters of some large groups have revoked their shares. In the January-March quarter this year, 806 …

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