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Brokerages have retained positive view on construction and engineering firm Larsen - Toubro which on Thursday approved a share buyback worth up to Rs 9,000 crore, with analysts saying that the buyback will boost the company’s return on equity.

The company will buy back 6 crore shares at a price of up to Rs 1,500 per share, which is at over 13%

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Jackson Hole: Jerome Powell takes stage as Draghi, Kuroda sit it out
By Christopher Condon and Piotr SkolimowskiFederal Reserve Chairman Jerome Powell won’t be kept company by his European Central Bank and Bank of Japan counterparts at this year’s Jackson Hole policy symposium, with Mario Draghi and Haruhiko Kuroda’s names both missing from the list of attendees.

Other highlights include confirmation that none

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NEW DELHI: One beautiful thing about India’s stock market is that even the layman on the road can give you a 10-minute lecture on the most dominant investment theme: consumption.

It’s the demographic dividend, he would boast, and then go on to add rising incomes and superfast growth rate to do the math.

Problem is, he does not know there is a

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RCom seeks nod to raise borrowing limits to Rs 50,000 crore
New Delhi: Debt-laden Reliance Communications has sought shareholders' approval to enhance the company's borrowing limits to up to Rs 50,000 crore to meet its capital requirements.

The company said its annual general meeting is scheduled to be held on September 18, 2018 to consider various proposals, including revising borrowing limits,

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China stocks end higher as banks lend support
SHANGHAI: China stocks ended marginally higher on Friday, aided by strength in banking shares.

The blue-chip CSI300 index ended 0.2 per cent higher at 3,325.33 points, while the Shanghai Composite Index closed 0.2 per cent firmer at 2,729.43 points.

For the week, SSEC gained 2.3 per cent while the CSI300 was up 3.0 per cent.

Major indexes were

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Share market update: Over 30 stocks touch 52-week highs in a dull market
NEW DELHI: Over 30 stocks, including Reliance Industries, Bajaj Finance, Bombay Burmah Trading Corporation, Varroc Engineering and United Breweries, hit 52-week highs on NSE in Friday's session.

Torrent Pharmaceuticals, Sunteck Realty, SORIL Infra Resources, Solara Active Pharma Sciences, RBL Bank, Pfizer, Mphasis, Exide Industries, Kaveri Seed

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Dewan Housing plans to raise Rs 2,000 crore by NCDs
New Delhi: Dewan Housing Finance Corporation today said it plans to raise up to Rs 2,000 crore by issuing bonds on a private placement basis.

The company proposes to issue secured redeemable non-convertible debentures amounting to Rs 1,000 crore plus a greenshoe option of up to Rs 1,000 crore on private placement basis, the company said in a

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Stock market update: BSE Auto index down; Exide Industries, Hero MotoCorp drag
NEW DELHI: Auto stocks Exide Industries (down 2.41 per cent), Ashok Leyland (down 1.74 per cent), Hero MotoCorp (down 1.54 per cent) and Cummins India (down 1.31 per cent) were incurring losses in afternoon trade on Friday.

The BSE Auto index was trading 0.32 per cent down at 24,501.49 around 02:25 pm.

Shares of Motherson Sumi Systems (down 0.71

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Fed debate on risks intensifies around rate hikes
As US central bankers prepare to raise borrowing costs next month, their discussion about how high to lift their target interest rate is intensifying.

Their forecasts call for strong labor markets and robust growth at a time when inflation is already slightly above their goal. At the same time, there are potential headwinds from trade disputes,

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PowerGrid seeks shareholders' nod to raise Rs 20,000 crore via bonds
New Delhi: State-owned Power Grid today said it has sought shareholders' approval for raising Rs 20,000 crore through bonds or debentures on private placement basis in 2019-20 in its annual general meeting on September 18.

The proposal to raise funds up to Rs 20,000 crore, from domestic market through issue of secured /unsecured, non-convertible,

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European shares edge up as Chinese stocks recover
LONDON: European shares edged up at the open on Friday in the wake of Chinese stocks recouping earlier losses after US-China trade talks ended without progress but did not sink hopes for a later resolution of the conflict.

At 0730 GMT, the pan-European STOXX 600 was up 0.2 per cent with rises across most bourses on the continent and gains among

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Top intraday trading ideas for afternoon trade for Friday, 24 August 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in negative terrain around 11:45 am on Friday amid mixed Asian cues after US-China trade talks concluded without any significant outcome. Rupee's continuous fall too hit the sentiment.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for

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Sebi extends trading hours for SLB segment
New Delhi: With a view to facilitate physical settlement of equity derivatives contracts, markets regulator Sebi today extended the trading timings in securities lending and borrowing (SLB) segment by over two hours till 5 pm.

"It has been decided to permit stock exchanges to set their trading hours in the SLB Segment between 9 AM and 5 PM,"

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Share market update: ONGC, RIL keep oil gas index slightly up
NEW DELHI: The BSE Oil - Gas index was trading 0.37 per cent up at 15,030.82 around 02:15 pm on Friday with ONGC (up 2.07 per cent) as the top gainer.

Reliance Industries (RIL) (up 0.62 per cent), Indian Oil Corporation (up 0.52 per cent), Oil India (up 0.46 per cent), Petronet LNG (up 0.33 per cent) and BPCL (up 0.11 per cent) were also in

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The value investorchecklist: What does it really contain
Preventing mistakes has always been more important to me than getting a stock pick right. I had limited capital when I started investing, so preventing a permanent capital loss has always been of paramount importance to me.

When I sat back and realised that I had the propensity of making the same mistakes repeatedly, I stumbled upon the idea of

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Tech view: Nifty50 forms indecisive candle, has key support at 11,532 level
NEW DELHI: The NSE Nifty on Friday snapped a four-session winning streak, but held on to its support zone of 11,1540-11,550 on a closing basis, as buying momentum emerged at lower levels. The index made an indecisive Doji on the daily chart, even as the weekly formation suggested the positive bias was intact.

On Friday, Nifty negated its

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Stock market update: Midcaps underperform Sensex; Wockhardt, RCom fall 3%
NEW DELHI: BSE Midcap index was underperforming benchmark Sensex in afternoon trade on Friday.

Around 1:10 pm, the midcap index was 0.57 per cent down at 16,500, while the Sensex was 0.30 per cent down at 38,221.

Apollo Hospitals Enterprise (up 4.37 per cent), Mphasis (up 2.63 per cent), Tata Chemicals (up 2.25 per cent), RBL Bank (up 1.19 per

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Colgate (India) scrip down on group arm's India entry
NEW DELHI: Shares of Colgate-Palmolive (India) came under pressure on Friday as global asset management firm CLSA said the entry of Colgate-Palmolive Asia Pacific into the Indian market will not augur well for the Indian subsidiary.

CLSA expressed concerns that Colgate-Palmolive Asia Pacific’s foray into the Indian market by acquiring a stake in

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Sensex drops 85 points to snap 4-day winning spree; Nifty50 ends at 11,556
NEW DELHI: The domestic equity market snapped a four-day winning streak on Friday, as investors looked exhausted amid mixed global cues. The prevailing weakness in the rupee further soured the sentiment on Dalal Street.

Asian markets ended marginally on lack of any significant outcome of the trade talks between the US and China.

Investors were

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Fidelity fund votes backed Tesla, potential sign of more support
BOSTON: Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, which experts said could presage further support for the carmaker's CEO, Elon Musk, as he looks to take the company private.

Fidelity funds that are top Tesla holders, including BlueChip

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Reliance Industries (RIL) on Thursday became the first Indian company to cross Rupee8 lakh crore market capitalisation. Overall this year, the company’s market cap has increased by over Rupee2 lakh crore amid the surge of 37.8% in its share price. The stock ended up nearly 2% at Rupee1,269.70 on the BSE on Thursday after scaling a record high of R
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Australian shares end slightly higher after Morrison win ends political uncertainty; NZ up
Australian shares closed marginally higher on Friday after Treasurer Scott Morrison won a party leadership vote, putting him on track to become the country's new prime minister and ending a week of political turmoil that hit market sentiment.

Morrison, who will be Australia's sixth prime minister in less than 10 years, emerged victorious from a

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Stock market update: Realty stocks under pressure; HDIL plunges over 3%
NEW DELHI: Losses in Housing Development - Infrastructure (HDIL) (down 3.68 per cent), Prestige Estates Projects (down 1.23 per cent) and Sobha (down 0.99 per cent) weighed on Nifty Realty index in Friday's session.

The Nifty Realty index was trading 0.26 per cent down at 273.25 around 1 pm.

Shares of Phoenix Mills (down 0.59 per cent),

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Why Trump is pressurising the Fed on rates
By Noah SmithModern macroeconomics places great value on the idea of an independent central bank. Sitting above and apart from the political fray, wise central bankers are supposed to use interest rates so as to steer the economy between the Scylla of inflation and the Charybdis of recession.

President Donald Trump has little use for modern

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Nikkei rises to 2-week high on weak yen, pharmaceuticals
TOKYO: Japan's Nikkei rose to more than two-week highs on Friday, buoyed by a weaker yen and gains in pharmaceuticals after a report that drugmaker Eisai moved forward its mid-term profit goal by one year.

The Nikkei share average ended 0.9 per cent higher at 22,601.77 points, the highest closing level since Aug. 8. For the week, the benchmark

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MUMBAI: India’s mutual fund industry should double in size over the next five years, with assets under management (AUM) reaching Rupee50 lakh crore as savers move money to financial products instead of the traditional stores of value, HDFC Chairman Deepak Parekh said.

An expanding middle class, a bigger working population, and better job

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PE majors among 20 in fray for PNB Housing
MUMBAI: Private-equity majors and large home financiers, including Warburg Pincus, Dewan Housing Finance, the Godrejs and General Atlantic, are among the 20-odd bidders in the race to acquire a large stake in PNB Housing Finance.

A source close to the development said that “so far”, 20 companies have submitted their responses to the ‘expression of

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Share market update: JSW Steel, Vedanta boost BSE Metal index
NEW DELHI: Metal - mining stocks JSW Steel (up 3.45 per cent), Hindustan Zinc (up 2.31 per cent), Vedanta (up 2.30 per cent) and National Aluminium Company (Nalco) (up 1.07 per cent) were trading with healthy gains in afternoon trade on Friday.

The BSE Metal index was trading 1.2 per cent up at 13,110.19 around 02:30 pm.

Shares of Jindal

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NCLAT declines stay on Tata Sons' conversion to private company; says Mistry can't be forced to sell stake
While declining to pass any order on the conversion of Tata Sons into a private company from a public limited firm, NCLAT today asked Tata Sons not to force Cyrus Mistry to sell his shares in the company till his appeal is pending. The National Company Law Appellate Tribunal (NCLAT) said that pending the litigation here, the Cyrus Mistry camp
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ET Intelligence Group: Nestle India’s stock gained 6 per cent on Thursday following the company’s strong outlook. It has been gradually increasing market share across categories along with margin expansion. In addition, the company’s volume growth was impressive. The Thursday’s price jump has taken the total gain over the past six months to 52 per
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