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Opening Bell 17 August

Opening Bell 17 August
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First Published: Wed, Aug 17 2011. 09 17 AM IST
Updated: Wed, Aug 17 2011. 09 17 AM IST
Anna Hazare continues to dominate the headlines after the government botched up, yet again (Read Mint’s stroy). He was arrested, taken to Tihar, released, refused to leave…..the saga will continue today. One wonders if that leaves the government any time to pursue economic reforms. Here’s a list of other things to watch out for before trading starts.
The Sarkozy-Merkel tango didn’t provide any cheer to stock markets as they failed to come up with a clear solution for Europe’s debt crisis. Overnight, US stocks fell about a per cent. Today morning, Asian markets opened weaker as well.
Inflation for July came in at 9.22%, still high enough to warrant further rate hikes by the central bank. How does it weigh on Indian stocks? Read more...
The Competition Commission of India has charged DLF for consumer unfriendly practices and fined the company Rs 630 crore.
The Reserve Bank of India will release its guidelines for new bank licenses the next week. The Business Standard reports that “Larsen & Toubro, Reliance Anil Dhirubhai Ambani Group, Aditya Birla Group and Shriram Group have expressed interest in setting up banks.”
Independent directors will now not be booked for Company Act violations since they are not involved in day-to-day management, the ministry of corporate affairs says. Read more...
The shortfall of monsoon rains has declined to 2% and the weather man has forecast for more showers across the country.
More cement companies are going to be included in an investigation on cartelisation in the industry. Shree Cements and Jaypee Cements are two among these, the Hindu Business Line reports. The Serious Fraud Investigation office is already investigating Gujarat Ambuja, ACC and ULtraTech, the paper said. Read more...
Tech Mahindra has guided for further slips in revenues from BT Group Plc, its largest client. Read more...
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First Published: Wed, Aug 17 2011. 09 17 AM IST
More Topics: Markets Update | BSE | NSE | Reserve Bank | Sensex |