Market regulator SEBI on Wednesday imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities in trading of scrip of firms like Essar Oil, Suzlon and Tata Consultancy S in the future and options market. However, SEBI said no quantifiable figures wer…

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The Government will consider deregulating petrol and diesel prices as also increasing rates of natural gas sold by state firms, said Murli Deora, who began his second term as Petroleum Minister on Friday. “The issue of deregulation is being discussed and it will be put up to the Ca…

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MUMBAI: Anil Dhirubhai Ambani Group firm Reliance Money has been adjudged as the best equity broking house for 2009 by research firm Dun & Bradstreet. Besides, Reliance Money has also bagged the top broker award in the largest e-broking house segment of D&B, the company said in…

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WASHINGTON: The US recession is set to end “soon,” but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by …

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The economy should contract by 2.8 percent this year, the forecasters said in updated projections. That’s worse than the 1.9 percent drop they forecast in late February. If they are right, it would mark the worst annual contraction since 1946, when economic activity fell by 11 perce…

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EW YORK (AP) — Consumers’ more upbeat mood is spreading to Wall Street. Stocks surged Tuesday after the Conference Board said consumer sentiment rose in May to the highest level since September. All the major stock indicators rose more than 2 percent, including the Dow Jones …

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Finance Minister Pranab Mukherjee, in an interview to CNBC TV18, said that although maintaining fiscal and growth prudence were both priorities for the government, in current times, growth had to assume higher significance. He was speaking exclusively to CNBC-TV18’s Udayan Mukherjee…

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The Bombay Stock Exchange (BSE) will discontinue F&O contracts on Aptech, Hindustan Zinc, Mahanagar Telephone Nigam, Oracle Financial Services Software, Power Finance Corporation and BSE FMCG Index. 532475 – Aptech 500188 – Hindustan Zinc 500108 – Mahanagar Telep…

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By Surojit Gupta and Rajkumar Ray NEW DELHI (Reuters) – India’s new finance minister Pranab Mukherjee said on Saturday he would take steps to protect the economy from the adverse impacts of the global slump and promised to return the country to a high growth path. Growth is…

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NEW DELHI: India’s largest telco Bharti Airtel on Monday said it has in talks to acquire a 49% stake in Africa’s largest telco MTN to create a entity stretching from the Cape of Good Hope across the African continent, West Asia and the Indian Subcontinent with revenues of about $20 bi…

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