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Popular Articles

There's more to Orissa than Posco
Laxmi Mittal pulling out his 12-million tonne steel plant from Orissa will be a big blow to the state. Ditto, if it happens, for the 12-million tonne plant from Korean giant Posco that was to cost Rs 54,000 crore. But it would be foolhardy to write off investment in Orissa.

Embarrassing code
That the new direct taxes code is proving embarrassing for the government is obvious, it’s just that one didn’t realise the government felt the same way as well. At one point the code says, “A business shall be distinct and separate from another business if there is no interlacing, inter-dependence or unity ‘embarrassing’ the two businesses.” Now that’s embarrassing.

News of the day

3G: Fitch studying revenue impact on Bharti
Even as the government is gearing up to auction radio waves for the next generation mobile services, credit rating agency Fitch today said it is closely monitoring the impact of the cost for pan-India 3G licence on the revenues of Bharti Airtel.
Business Opportunities

Markets end with marginal losses

The stock market ended on a slightly negative note during the current truncated week as Ramzan holiday fell on Monday. Trading during the week was characterised by alternate days of buying and selling in the absence of a clear direction. - Markets end lower amid volatility - Sensex ends down 108pts - F&O OUTLOOK: Nifty may breach 4,941 support - Nifty may breach 4,941 support - Sensex ends up 68pts - Markets still languish in the red It was a historical week for the Nifty. On September 22, the index closed above the 5,000-mark (at 5020.20) for the first time in the past 16 months as market sentiment became buoyant on the back of a rise in collections of advance corporation and personal income tax. The Sensex also came very close to the 17,000-mark, hitting an intra-week high of 16,943.49 on September 22, but snapped its 5-day rally the very next day. The weak US and Asian markets and an impending derivatives settlement led to profit booking on September 23 and 24.


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