Washington: The initial claims for unemployment benefits in the US soared to 6,69,000 for the week ended March 28, reportedly the highest in 26 years, as recession continued to grip the world’s largest economy. For the week ended March 28, the claims for unemployment benefits …

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Foreign institutional investors (FIIs) were net buyers of Rs 691.56 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 2,709.20 crore, gross sales totalled Rs 2,017.64 crore. …

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The mutual fund industry witnessed a drop of nearly Rs 8,000 crore in its assets in March, plunging below the Rs 5,00,000-crore mark, even as 12 fund houses, including HDFC MF, saw an addition to their kitty. …

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MUMBAI: The stock market is riding a global rally and is hoping a major party wins a strong hand at coming elections, but could be beaten back if a fractious group of parties including Communists gains influence at the polls. …

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MUMBAI: Mutual funds industry is sitting on a volcano as 75-80 per cent of its assets are short-term while it resorts to long-term lending to corporates, creating an asset-liability mismatch. “This is a dangerous situation,” warns UTI MF’s Chairman, U K Sinha, highlighti…

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Here are stocks that are in news today: Wockhardt -To refer company to CDR cell for financial restructuring through ICICI Bank –Annual audit for year ended 2008 to be completed by April 25, 2009 -Alert: Wockhardt’s debt equity ratio at 2.3x as on December …

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NEW YORK (Reuters) – U.S. stocks rose on Tuesday, with the market poised for its best month in six years, as positive news from European financial institutions lifted bank shares and a broker upgrade for Microsoft (NasdaqGS:MSFT – News) helped lift tech …

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WASHINGTON: As the global economy deteriorates sharply, the World Bank has projected a slower 4 per cent growth for India in 2009, down from 5.5 per cent in 2008, before picking up speed to reach 7 per cent in 2010. …

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NEW DELHI: Merchant bankers have been hit hard by the fall in activities in the Initial Public Offering market, coupled with the downslide in the domestic bourses in 2008, with their fees plunging 70 per cent in a year. …

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The rally in the stock market has added a whopping Rs 2.51 trillion to investors’ wealth last week, accounting for over one-third of the total Rs 7 trillion gains made by investors since October when the Sensex had plunged below 8,000 levels.The total investors’ wealth, measur…

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