ING Investment Management has resumed buying Indian equities for the first time in almost a year as valuations are now cheaper and inflation looks close to peaking, a strategist for ING’s emerging markets fund told Reuters on Tuesday. India has been among this year’s worst-pe…

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Consolidation likely strategy, but not because sector isn’t expanding: Experts Consolidation is the way forward for the Indian retail industry, but not through distress sale, say experts and analysts tracking the sector. The consolidation talk has gained momentum following the recent…

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A strong earthquake of magnitude 7.4 shook the northeast of Japan late on Thursday, and all tsunami alerts have been lifted for the coast already devastated by last month’s massive quake and the tsunami that crippled a nuclear power plant. No damage from Thursday’s quake was …

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Asia’s developing economies are expected to grow by just under 8% in 2011, according to the Asian Development Bank (ADB) In its annual Asian Development Outlook it predicted that the region would expand solidly over the next two years. However, growth rates would be slower than in…

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In one of the sharpest rally in the last 21 months, the markets recovered significant lost ground of the November 8, 2010, to February 11, 2011 fall. The rally was so sharp that the Nifty gained 8.7 per cent in straight eight trading days at March end. In fact, this week, the index not on…

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Midcap and smallcap stocks, despite the recent spike in the stock market, are continuing to languish. Since November 20, the Bombay Stock Exchange (BSE) midcap index has lost 23 per cent. In comparison, the BSE-30 has fallen much lesser at 12 per cent. Over a three-year period, since Jan…

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Sets up joint venture with D E Shaw Reliance Industries (RIL) Chairman Mukesh Ambani has finally entered the financial services space. This comes just days before the Reserve Bank of India is expected to announce the draft guidelines for entry of new banks. RIL today set up a joint vent…

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Radioactivity in water at reactor 2 at the quake-damaged Fukushima nuclear plant has reached 10 million times the usual level, company officials say. Workers trying to cool the reactor core to avoid a meltdown have been evacuated. Earlier, Japan’s nuclear agency said that levels o…

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“Better late than never,” is what Warren Edward Buffett, also known by investors worldwide as the Sage of Omaha, has to say about making his first visit to India at the age of 81. “I do hope that I spend some money here,” he told journalists, kicking off his visit with a lively m…

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After opening higher, the markets continued the positive run. The Sensex was at 17,970 higher by 131 points and the Nifty added 36 points to 5401. The Asian markets continued to trade on a positive note, the NIkkei225 jumped 334 points to 9541, Taiwan Weighted added 65 points to 8533 and…

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