Stating that the Bharat bandh called by the Opposition against fuel price hike has cost the economy around Rs 13,000 crore (Rs 130 billion), the industry on Monday said the protest is “odd and absurd”. “It (bandh) is not justified at all. Political parties interfering a…

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arlo Piovano, Associated Press Writer, On Monday July 5, 2010, 8:20 am EDT LONDON (AP) — World stocks were steady Monday amid worries that the economic recovery in the U.S. will slow down, with trading light as Wall Street was due to remain closed for the Independence Day long week…

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The boards of two Anil Ambani-led power majors, Reliance Natural Resources and Reliance Power, on Sunday approved the merger of the two companies in a 4:1 share swap ratio. RNRL shareholders will get one Reliance Power shares for every four held. However, the exchange ratio will be based…

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New Delhi: Hindustan Media Ventures Ltd, publisher of Hindi daily Hindustan, has fixed the price band of its initial public offer (IPO) at Rs 162-175 a share. The IPO, through which the media house plans to raise up to Rs 270 crore, will open on July 5 and close on July 7. The company i…

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Rs 1,366-crore sale will help the bank meet new promoter shareholding norm. Kotak Mahindra Bank will sell 4.5 per cent equity to Sumitomo Mitsui Banking Corp for Rs 1,366 crore, a move that will help the bank boost its capital adequacy and meet a Reserve Bank of India requirement on prom…

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Commentary: The truth about jobs, the market and U.S. socialism The counter-revolution is underway. The G-20 calls for members to slash their budget deficits. The U.S. Senate ices further aid for the unemployed. The head of the Business Roundtable slams President Obama for undermining A…

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BANGKOK (AP) — Asian markets slid Tuesday as a mammoth share sale in China dragged Shanghai stocks down more than 3 percent and investors trimmed bets before the release of crucial indicators from the world’s two biggest economies. Investors were wary of riskier assets like s…

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Anil Ambani group today announced a Rs 50,000-cr deal to merge its telecom tower business with GTL infrastructure, a move that would help RCom cut down its debts by more than half. The Boards of RCom, its subsidiary Reliance Infratel Ltd. And GTL Infrastructure today in-principle approve…

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Petrol costlier by Rs 3.50; Diesel up by Rs 2; LPG cylinder to cost Rs 35 more It was all stitched up at a one-on-one meeting between Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee last week. Once the decision was taken, the Minister for Petroleum and Natural Gas Mur…

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You can learn a lot from watching the World Cup — and not just about soccer. As I’ve tuned into the games I’ve started to realize how many ways it’s just like the stock market — and how it can actually teach you a useful thing or two about making money. Don&…

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