By Edward Krudy NEW YORK (Reuters) – Stocks headed for three days of losses on Friday on worries about the Italian banking sector and Greece’s austerity plan, but the S&P 500 managed to hold its 200-day moving average in a sign of market strength. Italian banks UniCredi…

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The shares of aviation companies such as Jet Airways, Kinghfisher Airlines and SpiceJet are in demand as domestic traffic grew 14.8% in May compared to the same period last year. Domestic traffic crossed 540,000 in the month and the total number of passengers flown was 549,200. Jet Airwa…

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The markets are trading on a flat note with a negative bias. The Sensex is five points at 17,556 and the Nifty is up five points at 5,281 mainly on the back of news of monsoon being below expectations, as per the IMD forecast for the month of July. The Nifty had opened up 30 points, at 5…

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Markets continued to trade on a strong note in the noon deals on back of buying visible across the sectors. The Sensex has gained 187 points or 1% at 17,694 and the Nifty is trading higher by 56 points at 5314. According to Ranak Merchant, Technical Analyst with Sushil Financial Services…

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In its pursuit to become a leading player in telecom space, Mukesh Ambani-led Reliance Industries group may have to acquire younger brother Anil-run Reliance Communications (RCom), a report has said. RIL’s proposed re-entry into telecom sector is currently limited to broadband wire…

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Two Anil Dhirubhai Ambani Group firms, Reliance Communications (RCom) and Reliance Infrastructure (R-Infra), will move out of the Bombay Stock Exchange’s blue chip index Sensex in August. While RCom would be replaced by Sun Pharmaceuticals, RInfra would be substituted by Coal India…

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In talks with global players to acquire contract research facilities, critical care biz Piramal Healthcare, sitting on a huge pile of cash after selling its main business to Abbott, is set to strengthen its global presence in contract research and manufacturing services (CRAMS) and criti…

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an Pylas, AP Business Writer, On Wednesday June 15, 2011, 11:21 am EDT LONDON (AP) — A violent protest against the Greek government’s latest austerity package hit stocks hard Wednesday and sent the euro sliding over a percent against the dollar. With hundreds of protesters c…

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Markets have slipped further in the noon deals. Analysts say markets are eyeing the Reserve Bank of India’s stand on interest rate going forward. Higher inflation – up at 9.06% in in May versus 8.66% in April – is expected to haunt growth drivers. Economist expect RBI to hik…

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The decree outlines who would be exempt from military draft if war broke out. Vietnam has conducted live-ammunition exercises in the sea adjacent to the waters it disputes with China. The area is thought to be rich in natural resources, and Hanoi has accused Beijing of harassing its oil…

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