MUMBAI: Indian stock markets were witnessing unwinding of long positions on Monday as traders were disappointed after the stand-in finance minister Pranab Mukherjee presented the interim budget for FY 09-10. The budget lacked any positive triggers for the industry as no stimulus package …

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Indian ADRs: Satyam up 12%, Tata Motors up 2%, Infosys, HDFC Bank, ICICI Bank down 2% Alert: Interim Budget today SEBI announces takeover norms for distressed companies; relaxes strict compliance of prov of chapter III in certain cases. …

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New Delhi: The government is likely to come out with sector specific packages and more tax sops in its interim budget on Monday to stimulate the contracting economy, industry body Assocham has said. External Affairs Minister Pranab Mukherjee, who is also holding the finance portfolio and…

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By Vijay L Bhambwani, CEO – BSPLindia.com : The markets ended with gains on the last day of the week as bullish overseas cues and positive market breadth marked the session. The BSE & NSE combined advance decline ratio was positive at 2250 : 1365. The rally was led by the banki…

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First Global’s Vice-Chairman Shankar Sharma, responding to Sebi’s order banning him from trading in shares for one year, today said he had nothing to do with the fall in the market in early 2001 as charged by the regulator.”The data that we have managed to get from Sebi …

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A 12-member Serious Fraud Investigation Office (SFIO) team today began grilling Satyam Computer’s former Chairman B Ramalinga Raju and two others at the Chanchalguda jail here in connection with the Rs 7,800-crore fraud case.The SFIO team arrived here at 1040 hrs and went to the cel…

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The Securities and Exchange Board of India has barred Shankar Sharma from dealing in securities for one-year. The order pertains to a 2001 investigation and comes into force immediately after four weeks. Sharma indulged in fictitious trading, did not cooperate with Sebi, and indulged in c…

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BHUBANESWAR: Within hours of the interim railway budget, in which railway minister Lalu Prasad gloated over the “improved” safety record of the network, twelve coaches of Coromandel Express, running between Howrah and Chennai have derailed near Jajpur in Orissa. …

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COLUMBUS, Ohio (AP) — Oil prices slid closer to a new multiyear low Thursday because of growing doubts that the $789 billion stimulus package will reinvigorate the economy and demand for energy. Retail gas prices, meanwhile, reached a new high for 2009 on Thursday …

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Raise holdings to 29.6% in the Dec quarter.The Indian financial sector continues to find favour with foreign institutional investors (FIIs). According to a Citigroup report, FIIs’ shareholding in the financial sector has gone up from 27.89 per cent to 29.6 per cent during the quarter u…

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