SKS Microfinance, whose shares have slumped 42 per cent in the last three weeks on losses and low recovery in Andhra Pradesh, its largest market, plans to revamp its business model. India’s biggest and only listed microfinance company today said it would raise Rs 4,000-5,000 crore in 2…

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The combined market capitalisation (m-cap) of the country’s top 10 firms declined by Rs 60,046.55 crore during the last week, with telecom giant Bharti Airtel and banking major SBI emerging as the biggest losers. The market cap of Bharti diminished by Rs 10,652.05 crore in the week…

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Markets continued to move sideways in afternoon trades. The Sensex was down 101 points at 18,433. Nifty was trading at 5,521 – down 44 points. Auto and IT stocks have led the decline with each of the indices falling around 2%. However, oil & gas index was up 1% at 9,776. Weak…

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Dabur India, the consumer products major, today entered into an agreement with Mumbai-based Ajanta Pharma to acquire the latter’s over-the-counter (OTC) energiser brand, ’30-Plus’. Dabur didn’t disclose the size of the deal, saying it had signed a non-disclosure agreement…

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MUMBAI: The Reserve Bank of India raised interest rates by a sharper-than-expected 50 basis points on Tuesday and said fighting inflation is its priority, even at the expense of short-term growth. Savings bank deposit interest rates was increased from 3.5% to 4%. The rate rise was its ni…

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Al-Qaeda founder and leader Osama Bin Laden is dead, according to US media reports citing officials. The US is in possession of Bin Laden’s body, the reports say. President Barack Obama is due to make a statement shortly. Mr Bin Laden is top of the US most wanted list. He is accu…

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Japanese firm to retain Camlin, Camel brands. India’s favourite stationary and art brand is set for a strategic makeover. The Dandekar family, the promoter of Camlin Ltd, has decided to offload a lion’s share of its stake to Japan’s Kokuyo Co Ltd, according to two independent sour…

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The fourth season of the IPL is witnessing the lowest TRPs. The decline in viewership could be due to the afternoon telecast of these matches, the World Cup hangover and the steady erosion of the brand equity of this cricket jamboree A few media reports have appeared which say that the c…

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Trades between FIIs generated a volume of Rs 57 crore on the BSE Thursday-an increase of 43.31% from Rs 40 crore clocked on Wednesday. As many as seven stocks witnessed trades of 13 lakh shares on Thursday. Pantaloon Retail (India) was traded at highest premium of 22.05% on the BSE with …

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WASHINGTON (AP) — The unemployment rate fell last month in more than 80 percent of the nation’s largest metro areas, adding to evidence that the recent pickup in hiring is widespread. The unemployment rate fell in 303 of the nation’s 372 largest cities in March, the Lab…

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