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Riding on robust interest income, Allahabad Bank has reported a 27.58 per cent rise in net profit at Rs 365.05 crore for the quarter ended December 31, 2007 as compared with Rs 286.13 in the read more
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Big deals across sectors, verticals and geographies ? such as the recent $1.2 billion one with The Nielsen Company ? are helping India's largest IT services provider Tata Consultancy Services (TCS) read more
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Anil Ambani, the controlling shareholder in Reliance Power, is set to leapfrog his brother as well as steel tycoon Lakshmi Mittal to become the richest Indian on the back of record investor demand for shares in his company read more
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The Indian offshore oilfield service provider offers $8 a share in a bid to take a controlling stake in the privately owned Teesside oil rig builder, valuing it at $80m read more
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Jogin and Sridevi were arguing over the week’s fall in Sensex. 1800 points. Was it too much, too soon? Why now when we have desisted corrections for so long, asked Jogin. Sridevi suggested we are playing catch up with other ... read more
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We recommend a sell in CESC at current market price. From the chart of CESC we see that the stock had been on a steady long-term uptrend from June 2007 low of Rs 340 till it touched an all time high of Rs 715 in early January 2008. The stock has ... read more
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The markets have lost a few hundred points in today's trade and are trading near the low point of the day. Cues from Asia have been extremely weak. Recession in US market is the major concern for financial markets across globe. Experts expect further corrections, reports CNBCTV18. read more
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One needs to crucially look out for 5,900 on the Nifty because that is one point where one could see a bit of margin pressure coming in from the retail side, a CNBCTV18 analyst said. If that comes, one could probably see further panic sell off in the market, at least from the Nifty point of view. read more
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Analysing global markets, CNBCTV18s Varinder Bansal said Sensex has corrected just 6% from its peak versus Asian markets which have fallen by around 13%. In terms of global concerns, a recession in the US markets is the biggest one Bansal said adding that more pain could be seen in the US and that only a 75 bps cut may provide some relief. read more
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Markets have seen four major corrections in past three months; selloff not greater than 10%; with markets retracing post 5 7% correction. Besides that, a lot of key global markets are trading at critical support levels considering that most of them have given negative returns since the beginning of 2008, reports CNBCTV18's Anichya Shah. read more
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