The government has allowed the Life Insurance Corporation (LIC) to increase stake in public sector entities beyond the 10 per cent cap. The move will help the insurance behemoth to meet the investment target for the financial year and support the government’s efforts to fast-track d…

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Freight rates for dry bulk cargo, as reflected by the benchmark Baltic dry bulk index, have crashed in the past two months. The index, at 1,930 on December 12, fell 66.5 per cent to 647 in early February and moved up marginally, to 695, in the past few days. Industry leaders say the cras…

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Rating agency Standard & Poor’s downgraded 34 Italian banks on Friday, including heavyweights UniCredit and Intesa Sanpaolo, citing a reduced ability to roll over their wholesale debt and expected weak profitability. The move follows S&P’s downgrade of Italy’s…

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FOX Business: The Power to Prosper The blue chips took their biggest fall of 2012 as traders watched a crucial debt deal in Greece that seemed secure just a day earlier fall victim to political uncertainty and responded to disappointing economic data from the U.S. Today’s Markets …

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Industrial production grew just 1.8 per cent year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth. Factory output growth, as measured by the Index of Industrial Production (IIP), was at 8.1 per cent in December 2010….

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The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) may witness another round of price war, as derivative volumes are picking up on the former’s platform. The BSE has witnessed high trading interest in the options contract of the Sensex, its benchmark index, pitched a…

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Rs 18,000 cr of Air India debt recast cleared, with Rs 7,400 crore to be raised through bonds . Aviation companies had a good day on Tuesday. A Group of Ministers (GoM) allowed Indian carriers to directly import Aviation Turbine Fuel (ATF) and cleared Air India’s debt restructuring pla…

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MOIL lost 3% to Rs 268 after net profit fell 18.79% to Rs 101.50 crore in the quarter ended December 2011 as against Rs 124.99 crore during the previous quarter ended December 2010. Sales declined 5.39% to Rs 239.54 crore in the quarter ended December 2011 as against Rs 253.20 crore durin…

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It may be too early to decide whether the bulls have enough wind to outrun the bears. But there are signs that recovery could be just round the corner. That may require the government to do something it has appeared incapable of doing – move on with its policies. With coalition part…

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NEW YORK (AP) — A drop in the unemployment rate to its lowest level in three years propelled stocks higher Friday. The Dow Jones industrial average jumped more than 130 points, drawing the average to its highest mark since before the financial crisis hit in 2008. The Nasdaq index reach…

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