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Multiple blasts go off at busy Ahmedabad areas
PM, President appeal for calm as fear grips city. Ahmedabad, July 26 A day after bomb blasts rocked Bangalore, at least 18 people were reported dead and more than 100 injured, many of them critically, when tiffin-bombs exploded at nearly 20 ...
SBI net up 15% on fee income, recoveries
Ten-fold increase in provisioning. Mumbai, July 26 Despite making a huge provision for marked-to-market losses, State Bank of India reported a 15-per cent increase in first quarter net profit. ...
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Oil stocks are still slippery
The biggest factor spooking the stock market in recent times is just about beginning to fade away. Or, is it? Oil prices are in the retreat mode after peaking at slightly above $147 a barrel just a couple of weeks back. In a little over a week, ...
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Index Outlook
Indian equities bore the antics of our Parliamentarians quite well in the first two trading sessions last week. But, once the UPA government won the vote of confidence, there were fireworks on the trading screens and the Sensex closed the ...
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Treasury losses drag down ICICI Bank net
Operating profit, fee income rise. Mumbai, July 26 Losses in treasury operations dragged down ICICI Bank’s net profit by six per cent for the first quarter. ...
Profit wheel turns full circle
Most public sector banks see fall in profits. Chennai, July 26 It has been a near washout so far. Many public sector banks have seen profits decline sharply and in a few cases, wiped out, in the first quarter of this fiscal. ...
‘Uncommon’ debates on TV
New Delhi, July 26 The prospect of high profile corporate honchos locking horns with social activists on contentious developmental issues gripping the nation could certainly be a recipe for high TRPs on prime time television. ...
Life insurers – the road ahead
The insurance industry in India appears full of life. Having grown at double-digit rates in the last couple of years, it is no surprise that new players are still queuing up to enter the market. ...
Trade set-ups: Options for the downturn
The Indian stock market has been starved of positive developments for sometime now. It was, therefore, not surprising to some when the stock market climbed up, perhaps, as a response to the ruling party surviving the trust vote. There are, ...
Dr Reddy’s Laboratories: Hold
Investors may not initiate fresh purchases for now in the stock of Dr Reddy’s Laboratories, a frontline pharma major which derives one-third of revenues from branded formulations (finished dosages). ...
Axis Bank: Buy
The Axis Bank stock has outperformed its peers in the private sector with a 16.1 per cent gain in its price over the past one year, when other private bank stocks have failed to generate positive returns. A lower exposure to retail lending, ...
Transformers and Rectifiers: Buy
Investors with a long-term perspective can consider buying the stock of Transformers and Rectifiers (T&R). Robust growth in revenue backed by stable margins, healthy growth in order backlog and the likely commissioning of new capacities by ...
Nu Tek India – IPO: Invest at cut-off
An investment can be considered in the initial public offering of Nu Tek India, given the reasonable asking price and the potential for this business. The company enables telecom companies to expand their tower infrastructure, by providing ...
Kotak 30: Invest
Investors can consider buying into units of Kotak 30, given its long-term track record in delivering returns better than its benchmark — S&P CNX Nifty; its performance also compares favourably with peers. ...
Birla Sun Life International Equity: Hold
Birla Sun Life International Equity, with its global markets focus, may be a good diversifier to an investment portfolio dominated by Indian or emerging market securities. Opting for Plan A, which has a 100 per cent allocation to global ...
Why the Sensex fall is overdone
Once the darling of global investors, the Indian stock market has fallen from favour. The MSCI India index is already down 30 per cent this year in US dollar terms and is among the worst performers in its peer group. Past bear markets in India ...
Tatas’ supercomputer Eka to focus on newer areas
Pune, July 26 Having achieved high speeds, Eka, the supercomputer designed by the Tata Group, is now expanding its focus on developing and delivering high performance applications for global customers in various areas that include weather ...
IVRCL Infrastructures: Buy
Investors with a 2-3 year perspective can consider buying into the stock of IVRCL Infrastructures and Projects (IVRCL). ...
Vijaya Bank posts Rs 76-cr loss in Q1
Rs 190-cr provisioning made towards depreciation. Bangalore, July 26 A huge diminution in its investment portfolios, which included exposure to equity, government securities and mutual funds, has pushed the public sector Vijaya Bank into a net ...
Gaps in India Inc preparedness on climate change: KPMG
Mumbai, July 26 A KPMG report, looking to assess India Inc’s preparedness on climate change, says only 21 per cent of businesses measured their carbon dioxide emissions. ...
Reliance Power to borrow $4 b for new projects
Mumbai, July 26 Reliance Power Ltd, the power generation company of Anil Ambani group, said the company has received approval from the Reserve Bank of India to borrow $4 billion as external commercial borrowing in order fund two mega power ...
Weekly News Round Up (Latest Audio:English)
Reliance Industries' net profit for the first quarter rose 13 per cent on higher revenues and strong margins from refining business. ...
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