Reliance Industries (RIL), India’s largest private company, will be debt-free this year, Chairman Mukesh Ambani told shareholders at the company’s 37th Annual General Meeting here on Friday. RIL had an outstanding debt of Rs 67,397 crore on March 31 this year and cash and equivalents…

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MUMBAI: The Bombay Stock Exchange’s (BSE) Sensitive Index (Sensex) can climb as much as 19% even as investors debate whether soaring inflation will eat into growth and lead to earnings downgrades, said Morgan Stanley. Adani Enterprises , DLF and Coal India are top picks and small-ca…

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Hit by huge losses in the market capitalisation (m-cap) of state-owned ONGC and SBI, the combined market worth of eight of the country’s top-10 firms diminished by Rs 78,553.96 crore during last week. Oil and Natural Gas Corporation (ONGC) suffered a loss of Rs 26,222.55 crore fro…

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After touching a high of 18,356, up 157 points from the opening, the Sensex is moving sideways. The Nifty added 52 points at 5,480 and the Sensex gained 178 points at 18,319. The broader markets too have advanced with the uptrend. The smallcap and the midcap indices have added 0.8% each …

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TOKYO—Japan’s economy contracted at a much-worse-than-expected 3.7% annualized rate in the January-March period, tipping the country into a recession as the March 11 earthquake and tsunami caused declines in consumer spending, business investment and private-sector inventories. B…

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The country’s second largest two-wheeler maker Bajaj Auto on Wednesday reported an over twofold jump in standalone net profit for the quarter ended March, to Rs 1,400.4 crore. It had posted a net profit of Rs 528.7 crore for the corresponding period last year, Bajaj Auto said in a filin…

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Bangalore-based realty firm Prestige Estates Projects today said its consolidated net profit grew 28.74% to Rs 166.66 crore in the year ended March 31, 2011, over the previous fiscal. The group had a consolidated net profit of Rs 129.45 crore in the last fiscal, Prestige Estates Projects…

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In the steepest hike ever, state-owned oil companies have increased petrol price by about Rs. 5 per litre with effect from midnight tonight. The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came…

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Things seem to be going India’s way. At least that’s what the latest economic numbers show. While industrial growth surged 7.3 per cent in March after staying below five per cent for four months prior to that, food inflation fell to an 18-month low of 7.7 per cent during the week end…

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Stan Choe and David K. Randall, AP Business Writers, On Wednesday May 11, 2011, 3:53 pm NEW YORK (AP) — Tumbling demand for commodities and a drop in the euro put financial markets on edge Wednesday, pulling the Dow Jones industrial average down nearly 150 points. Demand for gasol…

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