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Tata Housing, after receiving phenomenal response for its low-cost housing project at Boisar, 120 km away from Mumbai, now plans to launch similar projects in tier I and tier II cities, its chief executive said.
“We will set up a pan India presence across in India. We are expanding into new geographies and markets like Lonavala, Pune, Chennai and other markets,” said Brotin Banerjee, CEO & MD, Tata Housing Development Company
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Market regulator SEBI is understood to have asked RIL as to why it should not be barred from accessing the market in relation to violation of insider trading norms —a charge that has been denied by the company.
Reliance Industries has not violated any regulations, a spokesperson for Mukesh Ambani-led firm said on Monday, when asked about Sebi’s show-cause notice issued in April this year in relation to sale of shares of its then-subsidiary, Reliance Petroleum, in November, 2007.
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i think you are right....
Market may be very volatile today. Sharpswings can be there due to expiry of F&O...
Dow 10,444.52 +126.36 +1.22%
Nasdaq 2,174.73 +28.69 +1.34%
S&P 500 1,105.57 +14.19 +1.30%
10 Yr Bond(%) 3.3690% +0.0130
Oil 77.67 +0.20 +0.26%
Gold 1,164.30 +17.90 +1.56%
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Wall Street rallied on Monday, with the S&P set to reverse a three-day sell-off, as a weak U.S. dollar and better-than-expected home sales data encouraged investors.
The National Association of Realtors said sales of previously owned U.S. homes rose at a faster-than-expected pace to the highest in more than 2-1/2 years. The Dow Jones U.S. Home Construction index .D
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T P Raman is Managing Director, Sundaram BNP Paribas Asset Management said : The investing environment now appears more difficult in terms of choices than was the case six months ago. Equities have had a tearing on the back of liquidity in emerging markets and on economic parameters not declining in the manner they did in Q 4 of 2008 and Q 1 of 2009. Valuations are no longer attractive and are in fair value territory.
Emerging markets as an asset class trade at price earnings multiples that are similar to developed markets. In the sense that the growth prospects are completely different, a premium could emerge and be sustained.
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The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.7 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold`s ascent.
The deal, which surprised traders who expected China to be the most likely buyer, will relieve the gold market of some uncertainty over how and when the IMF would sell 403.3 tonnes of gold, about one-eighth of its total stock. The deal will increase India`s gold holdings to the tenth largest among central banks.
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Dow 10,446.71 Up 128.55 (1.25%)
Nasdaq 2,173.28 Up 27.24 (1.27%)
S&P 500 1,105.69 Up 14.31 (1.31%)...
2:30 pm : Corporate headlines have been lacking this session, but Campbell Soup Co (CPB 34.51, +0.39) posted this morning adjusted earnings of $0.87 per share for its latest quarter. Analysts, on average, had expected the company to bring in $0.81 per share.
Tyson Foods (TSN 12.81, -0.26) reported adjusted earnings of $0.28 per share for its fiscal fourth quarter. That topped the consensus estimate by $0.02.
Due tonight are earnings results from Hewlett-Packard (HPQ 50.88, +0.84), which is expected to bring in $1.13 per share, up from $1.03 per share in the same period one year ago. DJ30 +121.00 NASDAQ +25.65 SP500 +12.95 NASDAQ Adv/Vol/Dec 1877/1.29 bln/790 NYSE Adv/Vol/Dec 2292/594 mln/698 ...
India will push ahead with financial sector reforms, which will not destablise growth, and can absorb a welcome rise in foreign investment flow...
Weak Dollar, Home Sales Data Carry Stocks Higher- AP
Stocks are surging as a report showing a big jump in home sales renews the market`s optimism about the economy. The National Association of Realtors says home sales rose 10.1 percent in October, spurred by a tax credit for first-time homebuyers....
US Market Update
Dow 10,443.77 +125.61 +1.22%
Nasdaq 2,172.72 +26.68 +1.24%
S&P 500 1,105.24 +13.86 +1.27%
10 Yr Bond(%) 3.3690% +0.0130
Oil 77.54 +0.07 +0.09%
Gold 1,164.30 +17.90 +1.56%
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China should immediately halt some of its real estate stimulus policies, or risk inflating a bubble that in its bursting would wreak financial and even social trouble, a central bank newspaper said on Monday....
A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed...
