U.S. stocks trimmed gains following a report that international officials plan to return to Athens in early October to complete a review of the Greek economy, damping speculation they were nearing approval of more aid. Commodity and industrial shares fell the most among groups in the Sta…

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Satyam Computer Services, which uses Mahindra Satyam as its brand identity, finally seems to be back on the growth track, suggests its June 2011 quarter performance. Some of the major lawsuits in the US courts, which were filed by its investors after its former promoter Ramalinga Raju ann…

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The Reserve Bank of India’s 12th rate hike on Friday has evoked sharp reactions from Corporate India. Companies from auto to real estate, infrastructure and fast moving consumer goods have expressed their angst at the central bank’s 25 basis point hike. Most have described the…

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By Caroline Valetkevitch NEW YORK (Reuters) – Investors pushed stocks higher for a fourth day on Thursday as coordinated central bank action encouraged optimism about dealing with the euro zone debt crisis and its threat to the global recovery. Major stock indices rose more than 1…

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Firm crude & weaker rupee means more losses for OMCs; jet fuel also set to rise, stressing airline finances. After a gap of four months, oil marketing companies are looking for an increase in petrol prices, with under-recovery on the fuel set to rise to Rs 3.40 a litre later this we…

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Fear that Greece may be on verge of default hurts markets, bank stocks in particular Pan Pylas, AP Business Writer, On Monday September 12, 2011, 5:09 pm EDT LONDON (AP) — Fear that Greece will default on its debt, perhaps triggering a financial chain reaction that will cause ano…

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Suzuki Motor Corp on Monday said it wanted to dissolve its alliance with Germany’s Volkswagen AG, putting an end to the two-year-old cooperation. Just a day after Volkswagen alleged the Japanese company had infringed an agreement by purchasing diesel engines from Fiat for its plant in …

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IIP data has come in at 3.3% for the month of July compared to 8.8%. This number is much lower than market expectation of 6.1% Mining Output Rises 2.8% In July Manufacturing Output Rises 2.3% In July Electricity Production Rises 13.1% In July Capital Goods Production Fell 15.2 % In Ju…

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Stocks sank, while the euro slid to a ten-year low versus the yen and a six-month low against the dollar, as concern grew about Greece’s debt crisis. European bank and sovereign credit risk reached all-time highs as 10-year Treasury yields fell to a record. The MSCI All-Country World I…

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Delta Corp has surged nearly 4% to Rs 108.9 on reports that the company is in talks with some of the largest hotel and casino operators in the world, including the Las Vegas-based MGM Resorts International and Caesars Entertainment, to sell a stake in Casino business. Delta is the larges…

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