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Popular Articles

Vedanta may up offer price for Asarco: Report
NRI billionaire Anil Agarwal-led Vedanta Resources may increase its offer for bankrupt mining firm Asarco, according to a media report.

Indian Overseas Bank cuts lending rate by 0.5%
Indian Overseas Bank (IOB) today slashed benchmark prime lending rate (PLR) by 0.5 per cent to 12 per cent in line with its peers.

News of the day

Banking: RBI to the rescue
The RBI clarification, issued on December 1, 2009, has allowed banks to include technical or prudential write-offs for calculating provision coverage for non-performing assets (NPAs) - mandated to be at a minimum of 70% by September 10. This has triggered a relief rally in bank stocks with reasonably higher NPAs or low provisioning which were underperforming the BSE Bankex (see Prodigal returns).
Management

Sensex near day's high

The Sensex is now at 16,962, up 85 points. The Nifty is at 5055- up 22 points. ____________________________________________ Asian markets end flat Ruchi Soya Q3 net rises 253% to Rs 40 cr NTPC may miss 3,300 MW capacity addition target in FY"10 Nano City may have foreign partner soon Tata Motors has soared 3% to Rs 707. Bharti Airtel and Mahindra & Mahindra have advanced around 2% each to Rs 322 and Rs 1,035, respectively. Sun Pharma, TCS, HDFC Bank, Wipro and Infosys have added over 1% each. On the other hand Jaiprakash Associates and Hindustan Unilever are down 1% each at Rs 219 and Rs 263, respectively. The market breadth has turned positive, out of 2,731 shares traded, 1,377 have advanced and 1,275 have declined so far on the BSE.


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