MUMBAI: In 1999, when he was barely 18 years old and still a student, American Timothy Sykes decided to invest his $12,000 gift money in the stock market. In a little over two years, his investment had grown to $1.65 million. Impressive, no doubt, but it’s still not the stock market in…

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The governemnt revised inflation for the week ended April 4 to 0.83% from 0.18%. The annual rate of inflation, calculated on point to point basis, stood at 0.13% for the week ended May 30, 2009 as compared to 0.48% for the previous week ended May 23, 2009 and 9.32% during the correspondi…

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Oil reserves totaled 1.258 trillion barrels at the end of 2008, compared with a revised 1.261 trillion barrels a year earlier, BP said in its annual Statistical Review of World Energy. oil_reserves BP Plc said on Wednesday that the global proved oil reserves fell last year, the first dr…

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Vibhav Kapoor, IL&FS: Despite valuations looking stretched, the momentum is too strong backed by buying interest from foreign investors. A pre-budget rally can get extended on the Nifty upto 4,900-5,000. Satyam looks good post unaudited numbers. Focus is likely to be back on large ca…

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NEW DELHI: Divestment of even minority stake in state-owned firms can raise nearly $95 billion (Rs 450,309 crore), help clean the red ink on the Rupee Globe’s biggest M&A dealmakers Factors for successful M&As Formula for successful biz government’s balance shee…

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By now, it is quite clear that the Government does have divestment of its stakes in PSUs high on its agenda for the next few months. That may well allow investors to buy into a whole range of offers from listed as well as new PSUs. Which companies are likely candidates? Here’s a line-up…

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Employers eliminated the fewest jobs in eight months in May, strengthening signs that the recession is easing, while a drop in wage growth offered a warning the recovery may be muted. Payrolls fell by 345,000, less than forecast, while the unemployment rate hit a 25-year high of 9.4 per …

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Suzlon Energy, the world’s fifth-largest wind turbine maker, today said it has completed the acquisition of Portugal-based Martifer Group’s stake in its German subsidiary, REpower Systems.The company has made the final payment of ¤87.6 million (about Rs 575 crore) to Martifer for its…

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Fortis Healthcare on Friday sealed a deal with Wockhardt Hospital to buy out the entire stake of the promoters for Rs 1,000 crore, according to senior company sources. The move has finally brought to an end months of speculation on the stake sale in Wockhardt Hospital by its founder Habil…

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After six months of financial drought, global money is flooding into India at the rate of $1 billion a week. If sustained, this will be the mother of all financial stimuli, eclipsing the finance minister’s budgetary endeavours. The dollar flood is not due to the Congress election victor…

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