New Delhi: Driven by the strong bull run in the stock market, Mukesh Ambani-led Reliance Industries has been ranked as the biggest wealth creator in the five year period from 2003 to 2008, a latest study compiled by brokerage firm Motilal Oswal says. …

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Oil prices stabilized Friday as the White House’s $17.4 billion auto industry rescue package gave Wall Street a boost and the dollar strengthened against the euro. Light, sweet crude for February delivery rose 69 cents to settle at $42.36 a barrel on the New York Mercantile Exchang…

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Mumbai: Housing finance company HDFC Ltd has cut the lending rate by 50 basis points for loans of more than Rs20 lakh for both existing and new customers and introduced a new slab for sub-Rs20 lakh. Loans of up to Rs20 lakh will attract an interest rate of 10.25% and the rates for loans …

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The total number of M&A Deals announced during the calendar year 2008 stands at 445 with a total announced value of US$30.72bn as against 676. The year 2008 has witnessed a global economic downturn due to the sub-prime credit crisis, fluctuating commodity and equity prices and the c…

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OPEC cuts record 2.2 million barrels a day OPEC cuts record 2.2 million barrels a day from output — Russia keeps its distance from group …

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WASHINGTON (AP) — The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use “all available tools” to combat a severe financial crisis and prolonged recession. …

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Satyam Computer Services, India’s fourth-largest IT services provider, today said its board has approved the purchase of 51 per cent in Maytas Infra and buy out of Maytas Properties. The outflow for the deals would total around Rs 7,680 crore. Family members of Satyam Chairman Ram…

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Technical Analyst, Vijay Bhambwani: The “tonbo” formation advocated over the weekend indicating resistance by the bulls to let go of their positions played out in the markets. The 2885 bullish pivot was not violated and that was a trigger for the day traders to push values hig…

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MUMBAI: The National Stock Exchange (NSE) is set to open trading in Nifty futures contracts at 8.00 am, nearly two hours before the stock market opens for trade. The move is aimed at reducing the considerable time advantage enjoyed by Nifty futures in the Singapore Exchange (SGX). SGX of…

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In an unusual development, the government today withdrew its affidavit in the Bombay High Court, wherein it had asserted Reliance Industries cannot sell its Krishna-Godavari basin gas to anyone without its approval to the pricing formulaAppearing for the government, Additional Solicitor G…

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