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Investors lose crores in bid to get rich quick

Posted on: Sunday, June 14th 2009 and is filed under Market News.

NEW DELHI: At a time when companies are finding it hard to raise capital to fund their projects due to the global slowdown, thugs in India have successfully steered clear of the recessionary spiral. Beating global meltdown fears, they have cashed in on the ignorance of gullible investors...

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Pranab may restore standard deduction in Budget

Posted on: Sunday, June 14th 2009 and is filed under Press Releases.

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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Small funds outdo bigger ones

Posted on: Sunday, June 14th 2009 and is filed under Market News.

NEW DELHI: Investors who moved towards larger fund houses in search of safety have been badly bruised as smaller fund houses have given more value to customers than the bigger ones in some categories. When equity markets were heading south last year, investors flocked towards the larger ...

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Luxury industry poised for 2011 recovery: Report

Posted on: Sunday, June 14th 2009 and is filed under Press Releases.

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 firm̵...

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Why One Should Buy Stocks Of Technology/IT Companies?

Posted on: Saturday, June 13th 2009 and is filed under Stock Views.

Top-performing technology shares are set to rise further because the information technology (IT) sector has coped with the downturn better than many other industries, according to analysts. Several fund managers believe that IT companies would also be quicker to benefit from early signs o...

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UTI Top 100 Mutual Fund Unveiled

Posted on: Saturday, June 13th 2009 and is filed under Press Releases.

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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Discounts pay, home buyers back in market

Posted on: Saturday, June 13th 2009 and is filed under Press Releases.

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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Weekly Review for the Week June 15th – 19th 2009

Posted on: Saturday, June 13th 2009 and is filed under Market Outlook.

We said ‘Technically the trend is still intact up and there is still no sign of weakness witnessed on the charts as yet and the market seems to be looking up. The next logical technical target in the days to come is 16046 but as it climbs up the market is setting itself up for a reactio...

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Market Review for 15th June 2009

Posted on: Saturday, June 13th 2009 and is filed under Market Outlook.

BSE Sensex: (15238) the market has traded sideways with no sign of any direction…technically the trend is still intact Up but the market is also against a strong zone of resistance…looks like more of a sideways movement with profit booking coming in…analysis still the same… The s...

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Action hots up in IPO-bound companies

Posted on: Saturday, June 13th 2009 and is filed under Stock News.

MUMBAI: The buoyant sentiment in the secondary market is having a rub-off effect on the activity in unlisted stocks. Oil India, BSE, Orissa Mineral, DSE, Sistema Shyam Tele are some such stocks, which are seeing renewed trading interest. Most of these are IPO-bound companies, whose plans...

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