Asian stocks dropped and the euro fell to a two-year low as Spanish borrowing costs rose and China damped speculation of large-scale economic stimulus. Oil and metals prices slid. The MSCI Asia Pacific Index lost 1.2 percent as of 10:55 a.m. in Tokyo, led by shares of resources and energ…

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Mukesh Ambani’s Reliance Industries Ltd (RIL) has bought back shares worth a little over Rs 500 crore in just 10 trading sessions. Between May 11 and 24, the country’s second-highest valued company purchased 7.78 million shares. As on May 24, RIL had purchased a total of 19.22 millio…

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The General Anti-Avoidance Rule (GAAR) may have been deferred for a year but many foreign institutional investors (FIIs) do not want to take chances. They are shifting their trading positions to Singapore, where derivatives of India’s key equity index, the Nifty, are listed. That i…

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The carrier continued to bear the brunt of high fuel costs and intense competition Jet Airways posted a fifth straight quarterly loss on Thursday, as the carrier continued to bear the brunt of high fuel costs and intense competition. Troubles at rival Kingfisher Airline, which stopped …

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Petrol prices have been increased steeply by Rs 7.50 a litre from midnight. The increase was on the cards with the rupee continuing its free fall against the US dollar. The rupee fell to a record life low of 56 per dollar on Wednesday. State-owned oil companies have decided to raise petr…

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By Swati Bhat MUMBAI (Reuters) – The rupee hit a record low to the dollar for the fifth straight session on Tuesday, weighed down by large dollar demand from oil firms and weak global risk sentiment, especially after Fitch downgraded Japan’s ratings. The falls came even afte…

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NEW YORK (AP) — After three weeks of dumping stocks, investors finally found something to be hopeful about. Major U.S. indexes climbed Monday after falling every day last week. Investors latched on to weekend statements from China’s Premier Wen Jiabao, who promised to boost t…

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Aided by the sale of stake in its asset management business to Japan’s Nippon Life Insurance Co, Reliance Capital Ltd (R-Cap), the financial services arm of the Anil Ambani-led Reliance Group, reported a consolidated net profit of Rs 329 crore in the quarter ended March 31, compared to …

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NEW YORK (AP) — The Dow Jones industrial average is heading for its 11th loss in 12 days after a pair of discouraging economic reports and as investors worried about Greece’s possible exit from euro. The Dow fell 130 points to 12,469 a half-hour before the closing bell. It&#8…

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The rupee tumbled 67 paise to all-time low of Rs 54.46 against the US dollar on the forex market during the midsession today on increased capital outflows and strong demand from importers. Traders said the Reserve Bank’s efforts to curb the falling rupee have failed to arrest the d…

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