MUMBAI: Vishal Retail has posted a 22 per cent increase in its net profit at Rs 18.08 crore for the six months ended September 30. The company had a net profit of Rs 14.72 crore in the corresponding quarter a year ago, the city-based firm said in a filing to the Bombay Stock Exchange. …

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MUMBAI: Domestic brokerage firm Religare Enterprises on Thursday said that it has fixed the rights issue price at Rs 355 a share to raise about Rs 1,802 crore. The board of directors have approved a rights issue of shares in 2:3 ratio, wherein two equity share would be issued for every th…

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NEW YORK: Wall Street was feeling more upbeat Thursday after a government report showed the economy contracted in the third quarter by less than expected and after the Federal Reserve’s second interest rate cut in a month. The major stock indexes jumped more than 1.5 percent, includ…

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NEW DELHI: Short-selling, which some believe is one of the causes for depressing cash segments of equity markets, is no longer a concern following market regulator SEBI’s recent measures, a Finance Ministry official said on Wednesday. …

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MUMBAI: Software services provider Patni Computer Systems on Wednesday said that it has bought around 1.09 crore shares worth Rs 237 crore from the open market under its buyback offer. The company purchased 1.09 crore shares, of face value of Rs 2 each, at an average buy back price of Rs…

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Avoid any fresh buying unless you want to pick up stocks for the long term. Thursday being a holiday, you never know how global markets shape up. F&O expiry and speculations of the US FEDs decision on the interest rate kept the Indian markets highly volatile. …

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MUMBAI: After a volatile session on account of settlement of October F&O series, benchmarks ended higher on Wednesday. However, second rung stocks ended lower on profit booking. Bombay Stock Exchange’s Sensex closed at 9044.51, up 36.43 points or 0.40 per cent. It touched an intra-…

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MUMBAI: Shares of Mahindra & Mahindra on Wednesday posted a lower-than-expected 20.6 per cent drop in quarterly net profit that was hurt by high raw material prices. Mahindra, which aims to enter the United States with a pick-up truck and a sport utility, said net profit fell to Rs 2…

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Oil prices dipped below $63 a barrel on Tuesday as concerns about faltering demand offset OPEC comments suggesting the producer group could throttle back output again to support prices. US crude settled down 49 cents at $62.73 a barrel, after trading as high as $65.20 earlier. London Bren…

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Wall Street marked its second-best day ever on Tuesday as investors, convinced that central banks worldwide will cut rates even more, scooped up stocks that had been driven down to their lowest prices in more than five years. …

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