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Shriram City Union up 5.35% in a declining market

Posted on: Monday, October 27th 2008 and is filed under Stock News.

MUMBAI: Consumer finance major, Shriram City Union Finance bucked the overall market trend to close with a gain of about 5.5 per cent as against the Sensex decline of 2.2 per cent. This was after The Economic Times reported that global buyout firm TPG is buying 55 per cent stake.. ...

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Nifty plunges over 5%; ABB, Cairn plunge

Posted on: Monday, October 27th 2008 and is filed under Market News.

MUMBAI: Indian equities continued to extend losses on Monday in line with other global peers. Benchmark indices were at their day’s low as investors exited markets on fears of slowing global economy and recession in the US and the UK. ...

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SBI Q2 net profit up 40% YoY

Posted on: Monday, October 27th 2008 and is filed under Stock News.

MUMBAI: State Bank of India, on standalone basis, has posted a net profit of Rs 2259.72 crore for the quarter ended Sep 30, 2008 against Rs 1611.42 crore in the same quarter of 2007. Interest earned stood at Rs 15566.50 crore against Rs 11616.28 crore previous year. Interest expended was ...

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Unitech sky rockets 30%

Posted on: Monday, October 27th 2008 and is filed under Stock News.

MUMBAI: Share price of Unitech sky rocketed over 30 per cent to Rs 41.2 after the company clarified that it has been “slightly hit” by the rise in interest rates and also said that the developer hasn’t defaulted on payments or cut jobs. The stock touched a high of Rs 43.70 and l...

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Intraday calls for 27-10-08

Posted on: Monday, October 27th 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open weak. Nifty has some support at 2520. If markets show recovery later during the day, buy: Sun Pharmaceutical Industries and Punj Lloyd. ...

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Jet Air posts Rs 384-cr loss in Q2

Posted on: Sunday, October 26th 2008 and is filed under Stock News.

Mumbai, Oct. 25 Hit by higher fuel costs and the lean season drop in passenger traffic, Jet Airways reported a net loss of Rs 384.5 crore for the second quarter ended September 30 against a net profit of Rs 28.3 crore in the year-ago period. ...

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Finance crisis inflicts more pain

Posted on: Sunday, October 26th 2008 and is filed under Market Outlook.

The global financial crisis inflicted more pain on a wide range of corporate sectors, prompting heavy losses in stock markets, while the IMF readied a rescue of some 200 billion dollars for debt-laden countries. ...

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India to help Pak tide financial crisis: PM

Posted on: Sunday, October 26th 2008 and is filed under Market Outlook.

In what could be seen as a major confidence building measure, India has said it will support Pakistan government’s efforts to tide over a serious financial crunch by backing Islamabad’s plan to seek help from the IMF. ...

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Not all sunk on ‘Halal’ Street; 65 add over Rs 10k cr to M-cap

Posted on: Sunday, October 26th 2008 and is filed under Market News.

MUMBAI: The mayhem in stock markets is not spelling doom for all and Diwali could still be a festival of light for investors in as many as 65 companies, which have added more than Rs 10,000 crore to their collective market value since the downslide began early this year. ...

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How to restore faith in a failed economic system

Posted on: Sunday, October 26th 2008 and is filed under Market Outlook.

BRUSSELS: The trouble with telling nervous customers you have solved their problem is that you first have to admit there is one. That is the dilemma facing the world’s banks, governments and financial institutions as they desperately try to restore faith in an economic system which ...

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