Asian shares and major currencies were stuck in ranges on Friday ahead of key US jobs data, which will offer more clues over the state of the world’s largest economy, while Greek debt restructuring talks dragged on. MSCI’s broadest index of Asia-Pacific shares outside Japan s…

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Fortis Healthcare (India) is trading higher by 4% at Rs 108 after the company said that it has acquired 85% stake in Redline-Asia Pvt Ltd, an outpatient diagnostic and molecular imaging chain in Singapore, for Singapore $62.9 million. The acquisition has been routed through Singapore subs…

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The market posted biggest ever monthly gains since September 2010, rising 11.5% led by highest monthly inflow of foreign money since November 2010. The Nifty closed tad below the 5200 mark while the Sensex rallied over 17000 level quite smartly. Factors that steered the January rally inc…

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Wind turbine-maker Suzlon today said it has bagged contracts worth over $400 million (approximately Rs 2,000 crore) from three countries, including Brazil and the US, in the past one month. The company bagged 80 MW worth of orders in India and a total of 189 MW worth of orders in Brazil …

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The markets are on a dream run so far this year. After having slumped nearly 25 per cent in 2011, the BSE and the NSE benchmark indices have gained nearly 12 per cent this year. In absolute terms, these have recovered around one-third of the losses in the previous year. The Sensex ended …

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Markets advanced for the fourth straight week as investors cheered RBI’s decision to cut the cash reserve ratio by 50 bps and on the back of aggressive buying from foreign institutional investors who have injected $1.54 billion this month so far. A negative food inflation also helpe…

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The radiation is mostly a concern for satellite disruptions and astronauts in space. It can cause communication problems for polar-traveling airplanes, said space weather center physicist Doug Biesecker. Radiation from Sunday’s flare arrived at Earth an hour later and will likely c…

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Alfa Laval, subsidiary of Sweden-based Alfa Laval Corporate AB, today said its delisting offer will commence on February 15. The entity, which offers heat transfer, separation and fluid handling technologies, said in a statement: “The opening date for the bid is February 15, 2012,…

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Grasim Industries, part of the Aditya Birla group, posted a 33 per cent rise in its net profit at Rs 669 crore for the quarter ended December 31, compared to Rs 502 crore a year earlier. Net sales grew 17 per cent from Rs 5,461 crore to Rs 6,364 crore. Grasim said cement was the major dr…

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The Reserve Bank of India (RBI) has left its key policy rates unchanged in its third quarter monetary policy (October-December). However, contrary to many experts, the central bank has cut cash reserve ratio (CRR) by 50 basis points (bps) to 5.5% effective from January 28. The CRR cut is …

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