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Mint update| Opening bell

Mint update| Opening bell
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First Published: Thu, Mar 03 2011. 09 23 AM IST
Updated: Thu, Mar 03 2011. 09 23 AM IST
Mumbai: The Budget is over, done and digested. And the focus is back on crude oil as pro-democracy protests spread to Oman. Besides, food inflation numbers for the week ended 19 February are due.
Here’s a list of things to watch out for before trading starts.
Oil continued to trade above $116 a barrel. And the experts are not squabbling on its direction. In the green corner is Nouriel Roubini, the clairvoyant economist who predicted the burst of housing bubble in the US, and is now predicting crude at $140. Read more...
In the red corner, Credit Suisse analysts project prices to fall $100 a barrel on Saudi assurances. However, this didn’t affect the US markets much as the Fed made soothing statements on improving labour market conditions.
Dow Jones Industrial Average closed flat over night and Asian stocks too were early gainers today. Read more...-
The first of the Budget’s big reform promises may materialize by the end of this month. The Reserve Bank is reportedly open to issuing fresh banking licenses if it is given a power to supersede the board and management. Tamal Bandyopadhyay reports in Mint .
So much for new banks. Old ones are sticking to their guns. State Bank of India said it won’t make special or extra provisions for its popular low interest home loan scheme. This might help the bank improve margins as it does not need to tie-up funds through provisioning. Read more...
And wonder of wonders, the BJP might come to the rescue of the government and help pass the reform bills. With the government conceding to the joint parliamentary committee demand, BJP is reportedly in conciliatory mood. Will the insurance bill be passed anytime this year?
Warren Buffet strikes again. His company Berkshire Hathaway is planning to become corporate agent for Bajaj Allianz general insurance. Buffet known for his acumen to invest in profitable businesses can boost sentiment towards Bajaj Finserv stock. Read more...
GVK Airport Holdings, subsidiary of GVK Power & Infrastructure Limited is buying an additional 13.5% in Mumbai International Airport Private Limited. With this purchase, the stake of GVK increases to 50.5%. Read more...
And finally, Steve Jobs is back. In his black turtleneck and blue jeans. A bit thinner than ever, but with a new glamourous Apple Gizmo. Read more about the launch of iPad2
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First Published: Thu, Mar 03 2011. 09 23 AM IST
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