Total Income up 17% at Rs 6,856 cr in Q4FY12 from Rs 5,701 cr last year IDBI Bank has posted a 33% rise in net profit of Rs 771 crore for the quarter ended March 31, 2012 compared to Rs 516 crore for the corresponding quarter of the previous fiscal. The total Income is Rs 6,856 crore f…

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The share price of Hyderabad-based infrastructure company IVRCL has been on a crash course this week. The stock is down 15 per cent since Monday and closed at Rs 61.50 on Wednesday. The price had been falling after Sudhir Reddy, promoter of IVRCL, denied appointing any investment banker t…

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Koutons Retail India has plunged 13% to Rs 10.55, its all-time low, after the National Stock Exchange said that the equity shares of the company will be suspended from trading w.e.f. April 26, 2012 for non- compliance with certain provisions of the Listing Agreement. “Notice was sent t…

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Forexpros – U.S. stocks traded sharply higher Tuesday, completing the biggest rally in the last month, as the International Monetary Fund increased its global growth forecast and gains in Spanish bonds counteracted declines in factory production and housing starts. At the close of …

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Impetus to boost flagging economy, warns of limited scope for further rate cuts The Reserve Bank of India (RBI) cut interest rates today for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limite…

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Treasury yields below zero on an inflation-adjusted basis for only the second time since Dwight D. Eisenhower’s presidency have split Wall Street’s biggest firms, underscoring the relative-value dilemma equity investors face following the biggest first-quarter rally in 14 years. For …

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20% rise in annual royalty outgo may lead to higher power tariffs The government’s latest decision to switch from the existing hybrid formula for royalty calculation on coal would dent the financials of state-owned miner Coal India Ltd (CIL). The company’s annual royalty outgo, curr…

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Infosys, the country’s second-largest software services exporter, forecast a lower-than-expected 8 to 10% rise in full-year revenue in dollars, sending its shares down more than 10%. According to experts, the results are very disappointing and the stock may be re-rated soon. (Read:…

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A second day of fighting between Sudan and South Sudan in their disputed border regions has prompted international concern that the conflict might develop into outright war. The African Union says it is deeply alarmed by the clashes over oilfields, and called on both sides to exercise t…

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Commercial vehicle maker Ashok Leyland, part of the London-based Hinduja Group, is to enter Britain’s mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland. The latter has joined hands with a group of businessmen in the UK and launched a company cal…

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