MUMBAI: Rupee strengthened on Wednesday as gains in the local stock market raised hopes of some fresh capital inflows but traders said month-end dollar demand from oil firms and importers was likely to keep a lid on gains. At 10.00 am (0430 GMT), the partially convertible rupee was at 49….

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Unlike previous year’s Mahurat trading session, Indian market this time around ended on an upbeat with the benchmark BSE Sensex ending over the 9,000 mark. The BSE benchmark Sensex rallied 498 points or 5.8% to close 9,008 and the NSE Nifty index surged 160 points to close at 2,684. …

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Outperforming the benchmark index can look simple yet difficult to implement.Exiting out-of-favour industries and spotting emerging industries can do the trick Equities as an asset class tend to outperform all other forms of investments: fixeddeposits or precious commodities like gold a…

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The global economic slowdown could cost Thailand a million jobs early next year and output will be slashed, the Federation of Thai Industries (FTI) said on Monday. “I think industries will cut their production by 20-30 per cent and about 900,000 to 1 million jobs will go in the firs…

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MUMBAI: Consumer finance major, Shriram City Union Finance bucked the overall market trend to close with a gain of about 5.5 per cent as against the Sensex decline of 2.2 per cent. This was after The Economic Times reported that global buyout firm TPG is buying 55 per cent stake.. …

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MUMBAI: Consumer finance major, Shriram City Union Finance bucked the overall market trend to close with a gain of about 5.5 per cent as against the Sensex decline of 2.2 per cent. This was after The Economic Times reported that global buyout firm TPG is buying 55 per cent stake.. …

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MUMBAI: Indian equities continued to extend losses on Monday in line with other global peers. Benchmark indices were at their day’s low as investors exited markets on fears of slowing global economy and recession in the US and the UK. …

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MUMBAI: State Bank of India, on standalone basis, has posted a net profit of Rs 2259.72 crore for the quarter ended Sep 30, 2008 against Rs 1611.42 crore in the same quarter of 2007. Interest earned stood at Rs 15566.50 crore against Rs 11616.28 crore previous year. Interest expended was …

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MUMBAI: Share price of Unitech sky rocketed over 30 per cent to Rs 41.2 after the company clarified that it has been “slightly hit” by the rise in interest rates and also said that the developer hasn’t defaulted on payments or cut jobs. The stock touched a high of Rs 43.70 and l…

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Mumbai, Oct. 25 Hit by higher fuel costs and the lean season drop in passenger traffic, Jet Airways reported a net loss of Rs 384.5 crore for the second quarter ended September 30 against a net profit of Rs 28.3 crore in the year-ago period. …

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