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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By Chuck Mikolajczak NEW YORK (Reuters) – Stocks rose on Wednesday as details from the European summit to resolve the debt crisis began to emerge. The euro zone aims to leverage its 440 billion euro bailout fund, the European Financial Stability Facility, or EFSF, “several f…

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Markets have opened on a quiet note. Sensex opened up 80 points at 17,041. However, the direction hereafter will be decided by the Reserve Bank of India’s monetary policy review. The Sensex is now up 89 points at 17,028. Nifty is up 26 points at 5,123. “The short term technic…

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January 26, 2012 Thursday Republic Day February 20, 2012 Monday Maha Shivratri March 08, 2012 Thursday Holi April 05, 2012 Thursday Mahavir Jayanthi April 06, 2012 Friday Good Friday May 01, 2012 Tuesday May Day May 06, 2012 Sunday Buddha Purnima August 15, 2012 Wednesday Independe…

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For the first time in the world, Gitanjali Gems, the world’s largest integrated-branded diamond jewellery manufacturer and retailer, has introduced gold, silver and diamond sales through vending machines. In operations, these machines would be like banks’ automated teller machines (A…

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Muammar Gaddafi is dead, Libya’s new leaders said, killed by fighters who overran his home town and final bastion on Thursday. His bloodied body was stripped and displayed around the world from cellphone video. Senior officials in the interim government, which ended his 42-year rule tw…

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The country’s largest two-wheeler maker Hero MotoCorp today reported 19.39% jump in its net profit for the quarter ended September 30 at Rs 603.62 crore due to highest-ever vehicle sales in the period. The company had posted a net profit of Rs 505.60 crore in the corresponding peri…

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Investments in GDRs have delivered negative 52% average return on investment. Information technology, media and consumer staples companies were the major underperformers. Last year GDRs were a good option due to rising local markets, this year this route seems to have soured for global in…

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The government’s efforts to improve the grim power situation due to coal shortage may come to a naught, with CIL workers threatening to go on a 72-hour strike demanding a hike in bonus and pay revision. “Over three lakh workers of CIL along with two lakh contract workers woul…

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The industrial growth of the country slowed to 4.1% in August on account of the poor performance of the manufacturing sector and a decline in mining output, indicating an economic slowdown. Growth in factory output, as measured in terms of the Index of Industrial Production (IIP), stood …

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