The Hero Group of automobile makers on Monday announced its foray into the hospitality sector. Its first property is expected to come up in Gurgaon by the end of 2012. The company is in talks with several international brands to sign a management contract, including Four Seasons, JW Marri…

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The euro fell for a fifth day versus the dollar after an election loss for Germany’s ruling party stoked concern support is fading for bailouts of Europe’s most- indebted nations, boosting demand for refuge currencies. The Swiss franc strengthened against all its major counterparts a…

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The stock market is expected to drop before some consolidation this week as it looks towards global peers for cues and fresh triggers ahead of the Reserve Bank’s monetary policy review on September 16, analysts said. “When the market opens for trade on Monday, it will see a d…

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New Delhi: After a gap of over five months, food inflation entered the double-digit zone at 10.05 per cent for the week ended August 20, with Finance Minister Pranab Mukherjee describing the trend as “disturbing” and experts saying RBI may go in for another rate hike. The wee…

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New Delhi: CNN-IBN unravels a Bellary-like coal scam in Chattisgarh and Madhya Pradesh, where Prakash Industries, a heavyweight in the mining and steel sector, forged documents to get coal mines allocated in both the states and diverted nearly 50 per cent of coal to the black market. For…

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Fibonacci Retracement levels have been added in the Drawing tools of Chartink.com. Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth centu…

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Indian equity markets, which have been going through one of their longest losing streaks in recent history, might see some respite during the week as domestic institutions accelerate their buying activity. Experts, however, say any upswing would be temporary as global sentiment remains ex…

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Sydney: The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunda…

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Nifty is currently trading below good support levels of 5200. technically it has turned weak and likely to test next strong support at 4750-4800 in near term. News flow from global markets is also not good at this point of time. Below is the 2 year chart for Nifty …

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NEW YORK (AP) — The Federal Reserve spoke — and financial markets swung wildly before rallying. The Dow rose nearly 200 points about an hour after the Fed’s statement was released. But stocks first sank after the Fed said that economic growth this year has been “c…

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