Indian stock market is scared of a midterm poll in which communists can form Government - Sensex swings 590pts, ends down 418pts
Babu Ghanta
The stock market is scared of the communists and its growing power with a third front alliance.
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Stock markets turned cautious and fell 50.13 points in late morning on UPA-Left confrontation
Media Release
Stock markets, which made a sharp recovery on Monday, turned cautious and fell 50.13 points in late morning trade on Tuesday due to deepening political backlash between government and its key ally the Left front.
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World's biggest retailer Wal-Mart, Bharti Enterprises today said the two would form a 50:50 partnership for front-end retail if allowed by the government
Media Release
The issue is FDI in retail is not allowed (for multi brand). In the event FDI is opened up to 100 per cent, there will be a 50:50 joint venture for front-end retail : Bharti Enterprises Chairman Sunil Bharti Mittal
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The Sensex finally settled with a gain of 286 points at 14,427
Media Release
The Sensex opened with a positive gap of 371 points at 14,512, taking cues from the global markets following a surprise 50bps repo rate cut by the Fed on Friday.
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Organized retailing, which is set to grow to a 24 billion dollar industry by 2010, will require 500,000 trained manpower to run hypermarkets
Media Release
Proliferation of retail will require at least half a million trained people in the next three years, while supply chain management will become a strategic issue in the industry that will witness cut throat competition...
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Fed discount rate helped but did not cure problem for Sensex - down sharply
Media Release
30-share Sensex of the BSE, after slumping 578 points in morning trades, rallied on the back of short-covering in the derivative market to end the day at 14,141.52 points, losing 216.69 points, or 1.51%...
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Mittal cheated Arcelor shareholders?
Media Release
The world's biggest steelmaker Arcelor-Mittal on Friday said it has received a writ of summons to appear before a Dutch court for legal proceedings initiated by Arcelor shareholders seeking an injunction...
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Sensex finally closed with a loss of 217 points at 14,141
Media Release
The BSE Metal index shed 4.7% to 9812. The IT index tumbled 3% to 4500. The Auto and FMCG indices dropped over 2% each to 4561 and 1812, respectively.
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