Muammar Gaddafi is dead, Libya’s new leaders said, killed by fighters who overran his home town and final bastion on Thursday. His bloodied body was stripped and displayed around the world from cellphone video. Senior officials in the interim government, which ended his 42-year rule tw…

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HNIs pick, sell and buy back products that offer returns of more than 20% a year on investment. Products structured on real estate and promising over 20 per cent annual returns are gaining popularity among wealthy investors. These products, sold by wealth managers to their high networth…

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The country’s largest two-wheeler maker Hero MotoCorp today reported 19.39% jump in its net profit for the quarter ended September 30 at Rs 603.62 crore due to highest-ever vehicle sales in the period. The company had posted a net profit of Rs 505.60 crore in the corresponding peri…

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IT firm HCL Technologies (HCLT) today posted a 50% year-on-year jump in net profit to Rs 496.7 crore for the first quarter ended September 30, 2011. The company’s net profit stood at Rs 331.1 crore in the July-September quarter of 2010, HCLT said in a statement. HCLT follows a Jul…

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NEW YORK (Reuters) – Stocks suffered their worst loss in two weeks on Monday after comments from Germany’s finance minister showed Europe’s progress in solving its debt crisis may not come fast enough. Basd on the latest available data, the Dow Jones industrial average …

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Investments in GDRs have delivered negative 52% average return on investment. Information technology, media and consumer staples companies were the major underperformers. Last year GDRs were a good option due to rising local markets, this year this route seems to have soured for global in…

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The government’s efforts to improve the grim power situation due to coal shortage may come to a naught, with CIL workers threatening to go on a 72-hour strike demanding a hike in bonus and pay revision. “Over three lakh workers of CIL along with two lakh contract workers woul…

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Higher gross refining margins have helped Reliance Industries (RIL) offset lower oil and gas production and post its highest net profit ever. Meeting forecast, RIL reported a 15.8 per cent rise in its net profit at Rs 5,703 crore for the July-September quarter of 2011. Its net profit for …

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Standard & Poor’s has cut Spain’s long-term credit rating by one notch, from AA to AA-, because of weak growth and high levels of private-sector debt. The ratings agency added that the country’s high unemployment would remain a drag on the economy. Last week, the …

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SAN FRANCISCO (Reuters) – Google Inc said its profit grew 26 percent in the third quarter, as the Internet search leader’s revenue jumped 33 percent to $9.72 billion. Google said it earned $2.73 billion in net income in the third quarter. Earnings per share, excluding certain…

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