Saturday Cairo: Egypt’s military leadership vows to oversee a “peaceful transition” to democracy and pledges its commitment to all international treaties, a day after Hosni Mubarak bowed out as President in the wake of an unprecedented uprising against his 30-year rule….

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It was a holiday at the Central Bureau of Investigation (CBI) headquarters in the capital today. But it quickly turned into a hub of activity as Anil Ambani, chairman of Reliance-ADAG, walked in at around 4 pm. This was the first time that Ambani was called to the CBI headquarters in con…

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By Glen Carey and Mohammed Hatem (Updates with Amnesty International comment in ninth paragraph, markets in 11th and 12th.) Feb. 15 (Bloomberg) — Rallies in Bahrain to demand democracy and an end to discrimination against the Shiite Muslim majority escalated after the death of a s…

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Tata Motors has rallied 5% to Rs 1,199 after reporting almost four-fold jump in its consolidated net profit to Rs 2,424 crore for the quarter ended December 31, 2010, beating market forecasts. Net profit in the year-ago period stood at Rs 650 crore profit. Consolidated net sales for the …

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Hosni Mubarak stepped down as president of Egypt and handed power to the military, bowing to the demands of protesters that have occupied central Cairo for the past three weeks demanding an end to his 30-year rule. “Mubarak has decided to relinquish the office of the presidency,” sai…

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Nifty is nearing 500 EMA of 5145 and also as shown in the chart below nifty has strong support at 5180-5200 levels. Technicals suggest markets could see a bounce from here. A 100-150 point bounce is likely on account of short covering. Markets have recently had quite a bit of negative new…

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The markets continued their southbound journey in this session, nullifying the short-lived attempt at a pullback midway through the session. The Sensex kissed positive territory for a brief instance in the afternoon, only to come off and end lower by 129 points at 17463 and the Nifty shut…

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As the below chart indicates, strong support for Nifty comes in at 5200-5250 levels. If Nifty manages to hold onto these levels, we could see a bounce back upto 5400-5450 levels. On the downside, if Nifty manages to close below 5200 and trade below it for 2-4 days, then the uptrend market…

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Strap: 75% IPOs are trading below their issue price The newly listed companies are having the worst time of the current market carnage, with the Bombay Stock Exchange (BSE) IPO index touching a record low today.The index was down 2% at 1,688 (12.30 pm) as most of the new issues declined…

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Bernanke: Stronger hiring is needed for US economic recovery to be `truly established.’ Jeannine Aversa, AP Economics Writer, On Thursday February 3, 2011, 1:02 pm EST WASHINGTON (AP) — The United States can’t fully recover from the worst recession in decades until hi…

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