Bringing an end to the 26-year-old partnership between the Hero Group and Honda Motor Corporation (HMC), Hero Honda on Tuesday said the Japanese auto maker has exited the company completely after selling its 26 per cent stake to a group firm of the Indian promoter family. Under the new s…

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Mumbai: The magnificent Team India kept its cool to beat Sri Lanka by six wickets in the final of the World Cup at the Wankhede Stadium in Mumbai on Saturday. Indian skipper MS Dhoni (91) hit the winning runs by swatting a huge six over the long-on boundary. Yuvraj Singh (21) also remai…

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The real test for the market will be after Thursday The Sensex opened at 18,950, up seven points from its previous close and the Nifty resumed trade this morning unchanged at 5,687. The benchmarks touched the day’s lows soon after the opening bell, but resumed their upward move on …

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Sets up joint venture with D E Shaw Reliance Industries (RIL) Chairman Mukesh Ambani has finally entered the financial services space. This comes just days before the Reserve Bank of India is expected to announce the draft guidelines for entry of new banks. RIL today set up a joint vent…

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The BBC’s Mark Worthington says many people in Japan are becoming increasingly concerned about what is going to happen in the future The operators of a stricken Japanese nuclear plant have apologised for a “mistake” in reporting a radiation spike 10 million times above …

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Radioactivity in water at reactor 2 at the quake-damaged Fukushima nuclear plant has reached 10 million times the usual level, company officials say. Workers trying to cool the reactor core to avoid a meltdown have been evacuated. Earlier, Japan’s nuclear agency said that levels o…

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Markets gained smartly in late-noon trades on the back of all-round buying. A positive closing for Asian markets and reports that the government has tabled some key reform bills in the Parliament this week, helped the index to end in the positive for the fourth straight day. The marke…

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Arbitrage funds lose sheen Mehul Shah / Mumbai March 25, 2011, 0:10 IST Investors pull out money for higher yields in debt schemes. Arbitrage funds, seen as an alternative to debt funds, have seen a 75 per cent drop in their assets in the current financial year after…

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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Wednesday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. The market’s favored indicator of anxiety, the Chicago Board Opti…

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“Better late than never,” is what Warren Edward Buffett, also known by investors worldwide as the Sage of Omaha, has to say about making his first visit to India at the age of 81. “I do hope that I spend some money here,” he told journalists, kicking off his visit with a lively m…

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