Mumbai: It is a big sweep for the Nationalist Congress Party (NCP) and the Congress in the Maharashtra civic polls with the parties winning as many as 80 local bodies. The opposition parties, Shiv Sena and Bharatiya Janata Party (BJP) managed to bag just 14 civic bodies. The results sug…

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Already battered by corruption scandals, and less than a week after an embarrassing policy U-turn, the government admitted on Friday that it had accidentally inflated this year’s export figures by more than USD 9 billion. The cause was a glitch in the computer system that collates …

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Maruti Suzuki: Maruti started its downtrend almost a year back. All year was continuously making new lows. Gave a further breakdown in mid November when it closed below 1000 which was acting as a good support. After breaking 1000, it made a low of 940 and is now seeing some short coveri…

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New Delhi: 11 children go missing every hour in the country, a child rights NGO claimed on Thursday, citing data collected from government between 2008 and 2010 and a survey. The Bachpan Bachao Andolan (BBA) said it collected the data using RTI from 392 districts across the country in a …

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Railway-related stocks have rallied more than 8% each in an otherwise weak market on the back of huge volumes. Kalindee Rail Nirman (Engineers), Kernax Microsystems (India), Stone India, Texmaco Rail and Engineering are trading higher by 9-10% each on the Bombay Stock Exchange (BSE). The…

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Larsen & Toubro Construction (L&T) has bagged new orders worth Rs 2,700 crore across various businesses in last two months, the company informed the Bombay Stock Exchange on Wednesday. With large infrastructure projects on hold and several customers deferring orders this is a …

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The BSE small-cap and mid-cap indices have underperformed their large-cap peer this year so far, as the two saw a decline of up to 37% against 21% fall in the broader market benchmark Sensex. As per the study of indices from December 31, 2010, to November 30, the BSE small-cap index drop…

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After talking to Pranab Mukherjee on phone, TMC chief Mamata Banerjee announced in Kolkata that the Centre was putting the policy in abeyance. Fearful of an adjournment motion without sufficient numerical support in the two Houses of Parliament, the government on Saturday had to concede …

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The implementation of India’s low-cost telecom model in the African market seems to have paid dividends for the country’s largest company in the sector, Bharti Airtel, with the company crossing 50 million subscribers in mobile operations. Bharti acquired Zain’s assets in 16 African…

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By Caroline Valetkevitch NEW YORK (Reuters) – Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis. The Dow posted its best day since M…

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