NEW DELHI: The stock market recovery may have reached only its half-way mark, but companies’ confidence level for raising funds through sale of shares seems to have already hit a new peak as they have lined up plans to mop up capital in excess of Rs 1,00,000 crore. This include an…

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NEW DELHI: In an apparent attempt to put money into the pockets of the salaried class, finance minister Pranab Mukherjee may bring back standard deduction on income tax when he presents the Budget. In order to provide relief to the salaried class, the government may prefer the route of r…

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Conspicuous consumption isn’t dead, it’s just on hiatus. That’s according to global consulting firm Bain & Company’s Luxury Market Update: 2012, which will be released tomorrow. The report, authored by Claudia D’Arpizio, a partner based in the firm&#821…

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UTI Asset Management Company today said it has unveiled “UTI Top 100 fund” that offers”more flexibility”to investors. The Top 100 Fund, was a combination of the UTI Index Select Fund and the UTI Master Growth Fund which the company launched, a decade back. Stating…

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NEW DELHI: Home sales have picked up in select Indian markets over the past couple of months, but analysts warn that prices may not have bottomed out yet as developers are sitting on a huge inventory. Markets such as Delhi National Capital Region (NCR), including Delhi and surrounding ar…

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HONG KONG/MUMBAI: While investors hope that consumer spending growth in China will eventually balance its export dependence, in the short term it is India that presents more opportunity. Economists crow over the long-term domestic growth prospects in both emerging Asian giants, which is …

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Electricity has grown by 7.1%, while Manufacturing rises by 0.7% and Mining output increases by 3.8% After three straight months of decline, the health of the Indian industry appears to be slowly but surely improving, as the impact of the series of rate cuts by the Reserve Bank of India …

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NEW DELHI: The sugar economy has already cost the exchequer a whopping Rs 3300 crore plus thus far this year in high priced raw sugar imports to the tune of 1.5 million tonnes and some quantities of white sugar. In 2007, the sugar sector cost the economy a collosal Rs 5000 crore plus i…

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BANGALORE (Reuters) – A sharp surge in the shares of Satyam Computer Services means its new parent will likely need a second preferential issue to gain a majority stake in the company at the centre of India’s biggest corporate fraud. Tech Mahindra won a auction in April for …

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MUMBAI: Investors with monthly income plans have something to cheer. Before the rain starts pouring in, it is time for the mutual funds. Monthly income plans, that manage money with an objective to generate regular income flows for investors, have come out with a spate of dividend announc…

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