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Asia equity funds attract $1.56 bn; India corners $211 mn

Posted on: August 3rd, 2009 and is filed under Press Releases.

NEW DELHI: With an increased risk appetite, global investors poured in over USD one billion in equity funds focused on the Asian economies in the fourth week of July and India alone received $211 million. With the Indian equity market touching a 13-month high level last week, flows into…

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PSUs pay higher dividends than their pvt sector peers

Posted on: August 2nd, 2009 and is filed under Press Releases.

NEW DELHI: Call it a stimulus package for equity investors. Government companies in India have outperformed their private sector peers in doling PSU Monitor your financial health Why be a wealth manager! How to boost income in crisis! out dividends during the recent phase of economic…

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FM’s plan could bring Rs 1,52,519 cr to D-street

Posted on: August 2nd, 2009 and is filed under Market News.

NEW DELHI: The finance minister Pranab Mukherjee’s Budget proposal to deepen markets by bringing promoters’ stake in listed companies below 75% may leave markets dealing with a flood of equity issuances. If the proposal comes through, listed companies could be expected to rai…

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RComm’s GSM launch spurs net to Rs 1,637 crore

Posted on: August 2nd, 2009 and is filed under Stock News.

Reliance Communications (Rcomm) on Friday reported an increase of 8.22% in its net profit for the quarter ended June 30, 2009 to Rs 1636.61 crore, as against Rs 1512.16 crore in the same quarter last year. Its net sales grew 11.72% in fiscal Q1 to Rs 5842.96 crore as compared to Rs 5229.6…

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US recession may be easing, but job market is weak

Posted on: August 1st, 2009 and is filed under Market News.

Washington: The American economy may be heading out of the woods with new government numbers showing signs of easing recession laying the groundwork for growth in the months ahead. But the job market still remains weak with working people haunted by fear of layoffs. A Commerce Department…

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Markets surge on short-covering

Posted on: July 30th, 2009 and is filed under Market News.

Heavy short-covering owing to the derivatives expiry today, saw the markets surge towards the end of the day.The Sensex today opened in the red at 15,169 and slipped further to a low of 15,065. The index, however, rebounded on positive global cues. The index soared 345 points from the low…

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Current market rally raises optimism

Posted on: July 30th, 2009 and is filed under Market Outlook.

MUMBAI – The recent market rally supported by quarterly earnings, liquidity and global cues is not yet considered as a bull-run but market men Stocks Volatility in the stock markets Measuring market volatility Ten hot money-spinners in India Long term plan for better returns S…

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Oracle Financial Q1 net profit up 76 pc

Posted on: July 30th, 2009 and is filed under Stock News.

MUMBAI: IT financial services solutions vendor Oracle Financial Services Software on Thursday said its consolidated net profit rose by 75.99 per cent to Rs 185.78 crore for the first quarter ended June 30, 2009, over the same period last year. Consolidated total income decreased to Rs 6…

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Mahindra & Mahindra Q1 net at Rs 400 cr

Posted on: July 30th, 2009 and is filed under Stock News.

MUMBAI: Automobile major Mahindra & Mahindra on Thursday reported a net profit of Rs 400.85 crore in the first quarter ended June 30 against Rs 159.30 crore in the same quarter last year. However, June quarter figures are not comparable with the results of the corresponding period …

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Mundra Port Q1 net zooms 76 pc to Rs 170 cr

Posted on: July 30th, 2009 and is filed under Stock News.

MUMBAI: Mundra Port and Special Economic Zone on Thursday reported a growth of over 76 per cent in its net profit to Rs 170.75 crore for the first quarter ended June 30 over the corresponding period a year ago. Total income rose to Rs 321.35 crore during the April-June period of the cur…

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