NEW YORK: Veteran fund manager Mark Mobius sees a potential 20 percent rise in emerging market stocks in 2009 and views extreme investor pessimism as a signal to gradually start buying equities. “The danger we face now is being too pessimistic,” Mobius, the executive chairman …

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MUMBAI: Indian benchmarks retreated in the last half an hour of trade but still ended in the green as traders booked profits at higher levels. National Stock Exchange’s Nifty ended at 2602.40, up 29.25 points or 1.14 per cent. The index touched an intra-day high of 2646.10 and low of 2…

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The next shock to the global economy, already reeling from recession, could come from China, which witnessed excessive ‘malinvestment’ during the boom years and where the investment structure is collapsing rapidly, says economist and Asianomics founder Jim Walker. …

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Nagarjuna Construction Co Ltd (NCCL), a Hyderabad-based infrastructure development company, has bagged three new contracts aggregating Rs 263 crore.The first order, valued at Rs 119 crore, was secured from the Maharashtra State Electricity Distribution Company Ltd for a turnkey contract f…

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No liabilities to be shared. The Satyam board may present prospective bidders for the troubled Satyam Computer Services with operating statements for two quarters — October-December 2008 and January-March 2009 — to help them arrive at a decision. …

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OMAHA: Billionaire Warren Buffett says the economy has “fallen off a cliff” over the past six months and consumers have changed their habits in remarkable ways. Buffett said on Monday during a live appearance on a news channel that current economic turmoil has basically follow…

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According to Reliance Money’s report, markets are likely to stay ‘ranged’ between levels 2500-2800 of NIFTY, with element of ‘uncertainty’ playing a key role, till next regular Budget is presented by new government in June 2009. Reliance Money’s report: …

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IIFL has recommended a buy rating on Nestle India with a price target of Rs 1800 in its March 9, 2009 research report. “Nestle’s earnings growth of 29% in 4QCY08 was significantly ahead of our estimate. Sales growth was broadly in line with estimates at 22%, driven by a robust 25%…

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The markets slipped to over three-year lows this week, in tandem with world markets, which tumbled to multi-year lows. The Sensex, which began the week with a negative gap of 129 points at 8,763, hit a low of 8,047. …

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NRI billionaire Anil Agarwal-led Sterlite Industries today said it has entered into an agreement with copper producer Asarco to buyout the US-based company for $1.1 billion in cash and promissory note worth $600 million.”Sterlite has signed a new agreement with Asarco for purchase o…

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