Hearings begin in the trial of Raju and others accused of perpetrating India Inc’s biggest fraud. A new phase in the Satyam Computers accounting fraud case will unfold on November 2, when the trial begins into the biggest scam in India’s corporate history. The legal noose has been ti…

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The Bombay Stock Exchange (BSE) has halted trading for 150 minutes from 12 noon to 2.30 pm due to technical glitches. However, the Nifty continued its trading. As per BSE website, “Due to technical problem faced by members in trade confirmation, it has been decided to close the mar…

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Bombay Stock Exchange, via a small statement has released the timings for the Muhurat Trading (Samavat Year 2067) on 5 November 2010 on occasion of Diwali. Login: 5 pm to 6 pm Call Auction: 6 pm to 6.15 pm Continuous Trading: 6.15 pm to 7 pm Closing: 7 pm to 7.10 pm Post Closing: 7.1…

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By fe Bureaus The country’s largest two-wheeler maker Hero Honda on Friday registered a 15% decline in net profit in September quarter, its biggest drop in quarterly profit in three years, on higher raw material costs, capacity constraints and increased competition. Net profit stoo…

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The death toll from a tsunami that hit several remote islands in Indonesia has risen to at least 282, officials say. Rescue teams on the Mentawai islands say hundreds are still missing, two days after a 7.7-magnitude earthquake triggered a tsunami in western Sumatra. Officials say there…

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By Diksha Dutta The just-concluded earnings season of the country’s top four IT firms reveals that the recruitment levels in the $60-billion IT industry has returned to its October-December 2007 peak. The icing on the cake is the news that average attrition in the industry saw only…

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The government said on Thursday it will buy back bonds worth $6.4 billion, a move which dealers said will help ease tight liquidity conditions to some extent. Traders have been expecting liquidity infusion steps after state-run Coal India’s up to $3.5 billion initial public (IPO) o…

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State-run Coal India’s initial public offer (IPO) to raise as much as $3.5 billion was covered more than 10 times on the third day of the issue launch, exchange data showed, as large investors crowded in on the final day for institutional orders. The IPO, the largest in Indian corp…

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NEW YORK (AP) — Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer. In a dramatic shift, the bank also said it will change its consumer banking strategy to focu…

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Following is the list of stocks having the maximum P/E (PE). For people who don’t know what P/E is about I recommend them to check it out here. The list is generated as on 16th October 2010 …

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