FOX Business: The Power to Prosper The blue chips took their biggest fall of 2012 as traders watched a crucial debt deal in Greece that seemed secure just a day earlier fall victim to political uncertainty and responded to disappointing economic data from the U.S. Today’s Markets …

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Industrial production grew just 1.8 per cent year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth. Factory output growth, as measured by the Index of Industrial Production (IIP), was at 8.1 per cent in December 2010….

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The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) may witness another round of price war, as derivative volumes are picking up on the former’s platform. The BSE has witnessed high trading interest in the options contract of the Sensex, its benchmark index, pitched a…

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MOIL lost 3% to Rs 268 after net profit fell 18.79% to Rs 101.50 crore in the quarter ended December 2011 as against Rs 124.99 crore during the previous quarter ended December 2010. Sales declined 5.39% to Rs 239.54 crore in the quarter ended December 2011 as against Rs 253.20 crore durin…

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It may be too early to decide whether the bulls have enough wind to outrun the bears. But there are signs that recovery could be just round the corner. That may require the government to do something it has appeared incapable of doing – move on with its policies. With coalition part…

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NEW YORK (AP) — A drop in the unemployment rate to its lowest level in three years propelled stocks higher Friday. The Dow Jones industrial average jumped more than 130 points, drawing the average to its highest mark since before the financial crisis hit in 2008. The Nasdaq index reach…

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Asian shares and major currencies were stuck in ranges on Friday ahead of key US jobs data, which will offer more clues over the state of the world’s largest economy, while Greek debt restructuring talks dragged on. MSCI’s broadest index of Asia-Pacific shares outside Japan s…

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Fortis Healthcare (India) is trading higher by 4% at Rs 108 after the company said that it has acquired 85% stake in Redline-Asia Pvt Ltd, an outpatient diagnostic and molecular imaging chain in Singapore, for Singapore $62.9 million. The acquisition has been routed through Singapore subs…

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The market posted biggest ever monthly gains since September 2010, rising 11.5% led by highest monthly inflow of foreign money since November 2010. The Nifty closed tad below the 5200 mark while the Sensex rallied over 17000 level quite smartly. Factors that steered the January rally inc…

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Wind turbine-maker Suzlon today said it has bagged contracts worth over $400 million (approximately Rs 2,000 crore) from three countries, including Brazil and the US, in the past one month. The company bagged 80 MW worth of orders in India and a total of 189 MW worth of orders in Brazil …

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