In pursuance of NSE circular download Ref No NSE/CMTR/20063 dated February 21, 2012 for the capital market segment, a special live trading session shall be held on Saturday, March 03, 2012 for the Securities Lending and Borrowing scheme. Market Timings for the special live trading sess…

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The country’s largest buyback programme has begun, although with initial small steps. Reliance Industries Ltd (RIL) has started the Rs 10,000-crore programme by buying small quantities of its own shares. Since the start of the buyback on February 7, the company has bought back about 545…

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Not only FIIs, but domestic fund managers too, dip into their corpus to invest in the rally As the fortunes of the markets took a turn for the better in the beginning of 2012, managers of the country’s largest mutual funds jumped into the fray, pumping in money and reducing their c…

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Key share indices posted their first weekly fall in 2012 due to profit-booking, after rising for the past seven weeks, as investors booked profits in interest rate sensitive shares which had gained sharply during the rally. The futures & options for the February series also expired t…

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The recovery is looking good from the home-front. The last time we looked so good was one year ago, exactly. And we all remember what happened then. Let’s play “Name That Year of the Recovery.” In the first quarter of this Mystery Year, the economy adds more than 200,00…

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The London-listed Vedanta Resources is giving final touches to a merger of Sesa Goa with Sterlite Industries, creating a Rs 40,000-crore metals giant. As part of the grand restructuring initiated by Anil Agarwal, even Cairn India may get realigned with the new entity. Sesa Goa has a curr…

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Bear markets or bull markets, it’s an unchanged down story for the Indian mutual fund industry on equity investors’ base. The steep rally in the stock markets since January 1 has only intensified exodus of retail investors from MFs. According to the Securities and Exchange Board of I…

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The government has allowed the Life Insurance Corporation (LIC) to increase stake in public sector entities beyond the 10 per cent cap. The move will help the insurance behemoth to meet the investment target for the financial year and support the government’s efforts to fast-track d…

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Freight rates for dry bulk cargo, as reflected by the benchmark Baltic dry bulk index, have crashed in the past two months. The index, at 1,930 on December 12, fell 66.5 per cent to 647 in early February and moved up marginally, to 695, in the past few days. Industry leaders say the cras…

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Rating agency Standard & Poor’s downgraded 34 Italian banks on Friday, including heavyweights UniCredit and Intesa Sanpaolo, citing a reduced ability to roll over their wholesale debt and expected weak profitability. The move follows S&P’s downgrade of Italy’s…

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