Stock market responded swiftly to the judgement, with RIL shares shooting up by about five per cent to nearly Rs 1050 and that of RNRL tanked close to 20 per cent close to Rs 55. “RIL does not have absolute right over gas and price is subject to government approval… Since MoU…

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Stocks fell sharply in afternoon trade, with all three U.S. indexes briefly down 6% or more. The Nasdaq was down more than 9% earlier as worries about Greece’s debt issues mounted. The Dow Jones Industrial average fell 8.8% its biggest percentage drop since 1987. In Toronto the S&…

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Problems with Greek debt are about to spread to other countries and could infect the US unless the nation tackles its own mounting problems, Pimco’s Mohamed El-Erian told CNBC About an hour or so after El-Erian spoke, global stocks sold off sharply with major US averages shedding m…

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Europe’s spreading debt crisis-combined with an overdue stock pullback and the prospect of the Federal Reserve withdrawing its economic support-added up to one thing Tuesday: Fear. As the Dow Jones industrial average tumbled more than 200 points and safe-haven moves for US Treasury…

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Tim Paradis, AP Business Writer, On Tuesday May 4, 2010, 4:34 pm NEW YORK (AP) — Stocks plunged around the world Tuesday as fears spread that Europe’s attempt to contain Greece’s debt crisis would fail. The euro fell to its lowest point against the dollar in a year. T…

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The move is being seen as an attempt to silence Irda’s critics, including the Securities and Exchange Board of India which has termed unit-linked insurance plans (Ulips) as investment schemes, since in some products the risk cover is limited to 2 per cent of the premium. For sta…

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MUMBAI: US-based stock exchange NYSE today announced selling its five per cent stake in India’s top bourse NSE to Singapore government’s investment arm Temasek. The deal marks exit of New York Stock Exchange from National Stock Exchange and Temasek’s entry as shareholde…

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Disappointment over two economic reports and worries about a criminal investigation of Goldman Sachs sent stocks falling sharply. Investors lost some of their optimism about the economy Friday after the government’s weaker-than-expected gross domestic product report and news of a d…

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NEW YORK (AP) — U.S. stocks are following European markets lower after Portugal’s debt was downgraded, deepening fears that Europe’s debt problems are spreading. Standard & Poor’s slashed Portugal’s credit rating Tuesday, sending stocks sharply lower ac…

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Jaypee Infratech, a part of Jaypee Group, is entering capital market with a public issue on April 29, 2010. It is aiming to raise a maximum of Rs 23.5 billion (USD 530 million). Infrastructure development company has fixed the price band for issue at Rs 102-117 a share and the issue will…

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