By Glen Carey and Mohammed Hatem (Updates with Amnesty International comment in ninth paragraph, markets in 11th and 12th.) Feb. 15 (Bloomberg) — Rallies in Bahrain to demand democracy and an end to discrimination against the Shiite Muslim majority escalated after the death of a s…

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Tata Motors has rallied 5% to Rs 1,199 after reporting almost four-fold jump in its consolidated net profit to Rs 2,424 crore for the quarter ended December 31, 2010, beating market forecasts. Net profit in the year-ago period stood at Rs 650 crore profit. Consolidated net sales for the …

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Nifty is nearing 500 EMA of 5145 and also as shown in the chart below nifty has strong support at 5180-5200 levels. Technicals suggest markets could see a bounce from here. A 100-150 point bounce is likely on account of short covering. Markets have recently had quite a bit of negative new…

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The markets continued their southbound journey in this session, nullifying the short-lived attempt at a pullback midway through the session. The Sensex kissed positive territory for a brief instance in the afternoon, only to come off and end lower by 129 points at 17463 and the Nifty shut…

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As the below chart indicates, strong support for Nifty comes in at 5200-5250 levels. If Nifty manages to hold onto these levels, we could see a bounce back upto 5400-5450 levels. On the downside, if Nifty manages to close below 5200 and trade below it for 2-4 days, then the uptrend market…

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Terming the Pune land grab scam as “larger than the 2G spectrum scam”, the Bombay High Court today said it was inclined to direct Maharashtra government to transfer investigations into the case to CBI. A Division Bench of Justices B H Marlapalle and U D Salvi gave the governm…

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The combined market capitalisation (m-cap) of five of the country’s top-10 firms declined by Rs 40,695.4 crore last week, with state-run power producer NTPC emerging as the biggest loser. The market valuation of NTPC fell by Rs 12,409.41 crore to Rs 1,45,738.51 crore as shares of t…

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Akula urges RBI intervention, says difficult to continue if restrictive law remains. SKS Microfinance may consider pulling out of Andhra Pradesh if the state government does not revoke its recent restrictive legislation on microfinance institutions (MFIs) by April 1. “Until RBI (Reser…

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Names of 15 Indians who have stashed away wealth in offshore banks have been made public by Tehelka magazine in its latest issue. Tehelka claimed it has in possession two more names, but were holding them back for verification. One name is alleged to be that of a prominent politician and…

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Bernanke: Stronger hiring is needed for US economic recovery to be `truly established.’ Jeannine Aversa, AP Economics Writer, On Thursday February 3, 2011, 1:02 pm EST WASHINGTON (AP) — The United States can’t fully recover from the worst recession in decades until hi…

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