By Daniel Gross Did the failed strike by Verizon employees help contribute to a massive outburst of economic pessimism? The nice, round, pathetic “0” of net payroll job creation in last Friday’s August jobs report added fuel to the argument that the U.S. is headed for a…

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New Delhi: At least nine people have been killed in an explosion outside the Delhi High Court on Wednesday morning. The explosion took place outside Gate No. 5 of the Delhi High Court at 10:17 AM injuring 45 others. Union Home Secretary RK Singh confirmed that nine people have died in th…

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The Hero Group of automobile makers on Monday announced its foray into the hospitality sector. Its first property is expected to come up in Gurgaon by the end of 2012. The company is in talks with several international brands to sign a management contract, including Four Seasons, JW Marri…

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The euro fell for a fifth day versus the dollar after an election loss for Germany’s ruling party stoked concern support is fading for bailouts of Europe’s most- indebted nations, boosting demand for refuge currencies. The Swiss franc strengthened against all its major counterparts a…

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The stock market is expected to drop before some consolidation this week as it looks towards global peers for cues and fresh triggers ahead of the Reserve Bank’s monetary policy review on September 16, analysts said. “When the market opens for trade on Monday, it will see a d…

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New Delhi: After a gap of over five months, food inflation entered the double-digit zone at 10.05 per cent for the week ended August 20, with Finance Minister Pranab Mukherjee describing the trend as “disturbing” and experts saying RBI may go in for another rate hike. The wee…

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New Delhi: CNN-IBN unravels a Bellary-like coal scam in Chattisgarh and Madhya Pradesh, where Prakash Industries, a heavyweight in the mining and steel sector, forged documents to get coal mines allocated in both the states and diverted nearly 50 per cent of coal to the black market. For…

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Markets to remain closed on Wednesday and Thursday (31-08-11 & 01-09-11) on account of Ramzan Id on 31-08-11 and Shri Ganesh Chaturthi on 01-09-11 …

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India’s gross domestic product slowed down to 7.7% in the first (April-June) quarter of fiscal year 2012 as against 9.3% recorded in the same quarter last year. It is the lowest in 6 quarters …

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Pledging shares against debt is a sure recipe for disaster, especially in a falling market. Around 30 companies have actually pledged shares of more than 50% of their paid-up capital. Among the top companies with the highest value of pledged shares were TCS, Adani Power and JP Power—wit…

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