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World stocks respond to signs of Greece’s progress

Posted on: November 8th, 2011 and is filed under Market News.

Pamela Sampson, AP Business Writer, On Tuesday November 8, 2011, 4:08 am EST BANGKOK (AP) — Asian stock markets struggled but European shares advanced Tuesday as fears that Italy could become the next domino to fall in Europe’s debt crisis were muted by Greece edging back fro…

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Stocks Edge Up in Volatile Trade as Debt Worries Turn to Italy; Dow Breaks 12,000

Posted on: November 8th, 2011 and is filed under Market News.

David K. Randall, AP Business Writer, On Monday November 7, 2011, 2:21 pm EST NEW YORK (AP) — U.S. stock indexes wobbled between small gains and losses in afternoon trading Monday as investors worried that Europe’s debt crisis would spread to Italy. Italy’s borrowing r…

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SKS’ woes mount, reports Rs 385-cr loss in Q2

Posted on: November 8th, 2011 and is filed under Market News.

SKS Microfinance’s net loss mounted to Rs 385 crore in the quarter ended September 30, as shrinking income, rising expenses and higher provisions dragged India’s largest micro-lender’s earnings. It had registered a profit of Rs 80 crore during the same period last year. In the firs…

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Promoters raise own stakes in dull market

Posted on: November 2nd, 2011 and is filed under Market News.

Buy 150 million shares for Rs 2,000 crore in 73 BSE-500 companies. The equity market sentiment may be weak, but promoters seem to be showing confidence in their listed firms. Promoters of top corporate houses or groups such as Tata, Bajaj, Vedanta, Anil Ambani’s Reliance group, Mahindr…

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Credit flow to infra sector declines

Posted on: November 1st, 2011 and is filed under Market News.

Retail loans increased: RBI data. Credit growth to the infrastructure sector has seen a decline in September, while retail loans increased significantly, according to data released by the Reserve Bank of India. The figures show a 20.3 per cent comedown on year-on-year credit growth to t…

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Maruti’s Q2 net profit slips 60%

Posted on: October 30th, 2011 and is filed under Market News.

Board approves land purchase to set up one-million-unit plant in Gujarat. Hit by a month-long labour unrest at its plant in Manesar, coupled with a slowdown in automobile sales, Maruti Suzuki saw a 59.81 per cent decline in its net profit to Rs 240.44 crore for the quarter ended Septembe…

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Indian Hotels turns around, posts Rs 8 cr profit

Posted on: October 28th, 2011 and is filed under Market News.

Indian Hotels Company today reported profit after tax of Rs 8.12 crore for the second quarter ended September 30, 2011, over the same period previous fiscal. The company had posted a net loss of Rs 6.30 crore in the same period last financial year, Indian Hotels Company said in a filing …

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Food inflation rises further, at 11.43 percent

Posted on: October 27th, 2011 and is filed under Market News.

A week after it breached double digits, India’s food inflation continued with its upward climb and was recorded at 11.43 percent for the week ended Oct 15, official data showed Thursday. The rise was due to a jump in prices of pulses, milk and vegetables. Food inflation had crossed…

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Europe pulls out plan to solve debt crisis; now the wait to see if it’s enough

Posted on: October 27th, 2011 and is filed under Market News.

Gabriele Steinhauser and Sarah Dilorenzo, AP Business Writers, On Thursday October 27, 2011, 1:06 am EDT BRUSSELS (AP) — European leaders clinched a deal Thursday they hope will mark a turning point in their two-year debt crisis, agreeing after a night of tense negotiations to have…

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Titan: Pain in the short-term

Posted on: October 27th, 2011 and is filed under Market News.

One of the best consumption plays, the company is seeing consumers postponing purchases, thereby impacting revenue and profit growth. Titan Industries’ stock tanked around 5 per cent on Tuesday (Sensex was up 1.9 per cent) as the company reported a significant slowdown in profit growth…

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