Terming the 6.9% economic growth in the second quarter as “lower than expectation”, the Prime Minister’s Economic Advisory Council today said that good performance by farm sector would take annual growth for FY12 to 7.5%. “The growth in second quarter is lower tha…

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Chancellor George Osborne has said public sector pay rises will be capped at 1% for two years, as he lowered growth forecasts for the UK economy. The number of public sector jobs set to be lost by 2017 has also been revised up from 400,000 to 710,000. Borrowing and unemployment are set …

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SKS Microfinance is trading lower by 4% at Rs 99.65, extending its 10% decline in past three days, after the exit of the company’s founder and executive chairman Vikram Akula. The company did not give any reason for the resignation. India’s only listed micro-finance institution said …

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A visibly upset Pranab Mukherjee, the senior most Congress politician had this to say soon after a citizen slapped Sharad Pawar in New Delhi on Thursday: “I don’t know where the country is going”. He had a scowl becoming his ire as he walked to his official car from his office. I w…

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Under political attack, the government on Friday put out a strong defence of its decision to allow up to 51 per cent foreign direct investment in multi-brand retail and up to 100 per cent in single-brand retail. The move, it said, would generate about 10 million jobs over three years and…

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Markets recovered smartly from the day’s low on the back of a easing food inflation data and positive cues from European markets. The Sensex, after touching a low of 15,479, recovered to a high of 15,901. The index finally ended up 159 points at 15,858. Nifty was up 50 points at 4,7…

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World stocks down after US cuts 3Q growth estimate, survey shows China manufacturing slowdown BANGKOK (AP) — World stocks fell Wednesday after a survey showed China’s factories are cutting production and the U.S. lowered its third quarter growth estimate, adding to pessimism …

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Siemens has tumbled 4% in morning trades following a 29% drop in Q4 net profit. Siemens reported a 29% drop in net profit for the quarter ended September 2011 at Rs 178.1 crore due to exchange loss of Rs 158.6 crore. Sales grew 19% over the corresponding previous quarter at Rs 3,558.6 cr…

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Markets likely to open lower, next support for nifty at 4720 Buy Bombay Dyeing on dips (trade in small quantity) …

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The National Stock Exchange (NSE) has removed Kingfisher Airlines from the futures and options (F&O) list. Accordingly, contracts will not be issued for the months beginning February 2012. “Existing unexpired contracts for expiry months of December and January would continue to be …

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