Indian rupee will have its own symbol of the Devanagri ''Ra'' and Roman ''R''

The Indian rupee will have its own symbol, a mix of the Devanagri ''Ra'' and Roman ''R'', to become the fifth currency in the world to have a distinct identity. The new symbol, designed by IIT post-graduate D Uday Kumar was approved by the Union Cabinet on 15th July 2010.The rupee will join the elite club of US dollar, British pound-sterling, Euro and Japanese yen to have its own symbol. The symbol will be printed or embossed on currency notes or...

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ConAgra made unsolicited bid for Ralcorp: report

ConAgra made unsolicited bid for Ralcorp: report Stock Market PredictionsBANGALORE/CHICAGO (Global Markets) - Shares of Ralcorp Holdings Inc (RAH.N) jumped on Friday after CNBC said ConAgra Foods Inc (CAG.N) had made an unsolicited bid for the private-label food maker and that talks were "no longer ongoing." ConAgra sent a letter to Ralcorp about two months ago, the cable television channel reported.When contacted, a ConAgra spokeswoman said the company had no comment. Ralcorp, which also makes Post branded cereals, did not return calls or mails...

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Icahn drops push to unseat Clorox board

Icahn drops push to unseat Clorox board Stock Market Predictions(Global Markets) - Billionaire investor Carl Icahn abandoned his quest to take over the board of Clorox Co (CLX.N) on Friday, saying he lacked support from other major investors, sending its shares down almost 5 percent in extended trading. Icahn, Clorox's biggest shareholder, last month nominated himself, his son and nine other people for election to the board at the company's next annual shareholder meeting.That move came after Clorox directors twice rejected his earlier offers...

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Alcoa wins $1 billion aluminum deal with Airbus

Alcoa wins $1 billion aluminum deal with Airbus Stock Market PredictionsNEW YORK (Global Markets) - U.S. aluminum producer Alcoa Inc (AA.N) said on Friday it won a multiyear contract worth about $1 billion to supply its new, lighter aluminum-based alloys for Airbus commercial aircraft. The news sent Alcoa stock up almost 1.8 percent to $15.55 in early trading on the New York Stock Exchange on a day when the broader market fell. Later in the morning, the shares were up 8 cents to $15.36.Alcoa said the deal with the European planemaker unit of EADS...

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Chrysler set to outshine Fiat as weak Europe weighs

Chrysler set to outshine Fiat as weak Europe weighs Stock Market PredictionsMILAN (Global Markets) - Strong U.S. sales for Chrysler and growth in Brazil will help offset a weak European car market for Fiat SpA (FIA.MI), which is tightening its grip on the U.S. automaker. Fiat will report second-quarter results on Tuesday, incorporating Chrysler for the first time after raising its stake in the company past the 50 percent mark last month.Fiat had taken an initial 20 percent of Chrysler two years ago under a bailout deal with the U.S. government.Fiat...

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Netflix shares fall after stumble with Starz

Netflix shares fall after stumble with Starz Stock Market PredictionsLOS ANGELES/BANGALORE (Global Markets) - High-flying Netflix Inc saw its shares fall 8.6 percent on Friday after failing to secure a chunk of movie content for the online service it touts as the future of its popular video rental business. The collapse of talks, announced Thursday, with cable channel operator Starz Entertainment underscored investor concerns that Netflix may lose its edge in online rentals.Under the leadership of well-regarded Chief Executive Reed Hastings, Netflix...

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Coca-Cola to raise prices in July

Coca-Cola to raise prices in July Stock Market PredictionsNEW YORK (Global Markets) - Coca-Cola Co plans to raise prices on its soft drinks by 3 percent to 4 percent in July, in addition to a 2 percent increase taken earlier this year, a company spokesman said on Friday. News of the increases -- to be implemented on July 31 -- was first reported by industry newsletter Beverage Digest, which quoted retail customer pricing letters as saying the increases were due to higher-than-anticipated commodity costs.Like many food and drink companies, Coca-Cola...

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Morgan Stanley cuts Google on margin worries

Morgan Stanley cuts Google on margin worries Stock Market Predictions(Global Markets) - Morgan Stanley downgraded Google Inc (GOOG.O) a notch to "equal-weight," saying the search giant's margins will shrink as it undertakes aggressive hiring and ramps up advertising for new products. "Given Google's aggressive hiring plans, rising compensation expense, and significant advertising spend on Chrome and other Google products, we expect EBITDA margin to decline in 2011 and 2012," Morgan Stanley analyst Scott Devitt said in a note.Devitt also raised...

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Esprit shares tumble 20 percent after dismal earnings

Esprit shares tumble 20 percent after dismal earnings Stock Market PredictionsHONG KONG (Global Markets) - Shares of Europe-focused fashion retailer Esprit Holdings Ltd (0330.HK) plunged for the second day in a row on Friday, falling more than 20 percent after the company reported a worse-than-expected fall in full-year profit. A 98-percent decline in profit announced at midday on Thursday led to 17 percent decline then and to a spate of downgrades by securities houses.Traders voiced concerns about the company's medium-term business outlook despite...

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Manmohan Singh's Birth Horoscope

Name : Manmohan SinghFull Name : Manmohan Gurmukh SinghDate of Birth : 26 September 1932Time Zone : +14:00Birth Place : Gah, Punjab, British IndiaBirth Number of Manmohan Singh : 8Sun sign of Manmohan Singh : LibraChinese Zodiac of Manmohan Singh :MonkeyManmohan Singh (born 26 September 1932) in Gah, Punjab (now in Chakwal District, Pakistan), is the 17th and current Prime Minister of the Republic of India. After the India-Pakistan Partition, he...

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Profitless Pandora pricks the tech bubble

Profitless Pandora pricks the tech bubble Stock Market PredictionsNEW YORK (Global Markets) - It had all the signs of another dotcom bubble: A start-up without a convincing business plan or any foreseeable chance of turning a profit saw its shares soar in the first hours after its stock market debut. The difference this time -- one that cost some investors money but provided a measure of relief to anyone worried about an overheated IPO market -- is that shares of Pandora Media Inc quickly went south.Two days after Pandora's stock debuted, it had...

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New ten Rupee coin of India - New 10 Rupees coin of India

Its realised and now you can have it on your pocket!RBI is ready to issue a new bimetallic 10 Rupee coin for circulation.The look: The obverse side has the lion capitol with numeral 10 and year of manufacture. On reverse side, a double line cross with a dot in each pellet of cross and denomination written in Hindi and English around. This design has been prepaed by National Institute of Design, Ahmedabad with the theme of Unity in Diversity. The...

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Delphi Automotive shares slip in market debut

Delphi Automotive shares slip in market debut Stock Market Predictions(Global Markets) - Delphi Automotive Plc's (DLPH.N) shares slumped in their debut on Thursday, a day after the former General Motors (GM.N) auto parts unit priced its initial public offering at the low end of the expected range. Shares of the U.S. auto parts supplier fell as much as 3.4 percent on the New York Stock Exchange. It finished the day 3 percent lower at $21.33.Delphi, the No. 6 auto supplier in North America last year, priced its IPO of 24.1 million shares at $22 apiece....

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Glencore says aluminium boss holds $1 billion stake

Glencore says aluminium boss holds $1 billion stake Stock Market Predictions(Global Markets) - Commodities trader Glencore (GLEN.L) detailed the stakes held by some of its top executives on Thursday, with its head of aluminium emerging as one of the largest individual shareholders with a stake worth just over $1 billion at current prices. Glencore, which has agreed to take over miner Xstrata (XTA.L) in what is set to be the sector's largest deal, detailed the holdings of senior employees who hold shares below the reporting threshold of 3 percent,...

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Heinz, Campbell Soup top Street view; shares up

Heinz, Campbell Soup top Street view; shares up Stock Market Predictions(Global Markets) - HJ Heinz Co (HNZ.N) and Campbell Soup Co (CPB.N) posted better-than-expected quarterly profits, even as price increases meant to offset higher commodity costs hurt sales volume, and shares of both food makers rose in morning trade. "Campbell Soup and Heinz results were not all that great, but were better than expected," said Edward Jones analyst Jack Russo. "Expectations were quite low."By contrast General Mills Inc (GIS.N), which makes Progresso soup and...

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Kodak denies bankruptcy plan but shares plummet

Kodak denies bankruptcy plan but shares plummet Stock Market Predictions(Global Markets) Eastman Kodak Co shares lost more than half their value on Friday as the company hired a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer could file for bankruptcy. Kodak, which delivered the first consumer camera in 1888, denied it had a bankruptcy plan, saying it was committed to meeting its obligations and is still looking for ways to "monetize" its patent portfolio.Once synonymous with photography, Kodak has...

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Eastman Chemical sets two-for-one split; raises div

Eastman Chemical sets two-for-one split; raises div Stock Market Predictions(Global Markets) - Eastman Chemical Co (EMN.N), which makes chemicals, plastics and fiber, on Friday announced a two-for-one stock split and raised its dividend. The company said the stock split will be in the form of stock dividend payable on October 3. Its common stock will start trading on a split-adjusted basis on Oct 4.The Kingsport, Tennessee-based company also raised its quarterly dividend by 11 percent to 52 cents a share, which will also be payable on October...

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Kroger sees hit, then gain, as pension plans merge

Kroger sees hit, then gain, as pension plans merge Stock Market Predictions(Global Markets) - Kroger Co (KR.N) said on Thursday that four of the pension funds to which it contributes will merge into a new fund, a move that should ultimately trim its pension contribution costs after it takes a charge this year. Kroger said it would borrow money at low interest rates to make a significant up-front pension contribution that will reduce future pension contribution related expenses. The fund merger also will lower administrative costs and investment...

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SAP Q3 sales, profit jump sends shares higher

SAP Q3 sales, profit jump sends shares higher Stock Market Predictions(Global Markets) - Germany's SAP (SAPG.DE), the world's biggest maker of business software, reported a jump in its third quarter sales and profits, sending its shares 2 percent higher on Friday. "SAP's pipeline remains very strong and companies continue to invest in IT," SAP said in a statement, alleviating some of the fears of a slowdown in technology spending.In the third quarter SAP said sales at its key software and software-related services business rose 16 percent from...

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Southern Union jumps; bidding seen going higher

Southern Union jumps; bidding seen going higher Stock Market PredictionsBANGALORE (Global Markets) - A 16 percent jump in Houston-based Southern Union Co's (SUG.N) shares on Friday suggests investors expect further bidding activity to win the owner of more than 20,000 miles of U.S. gas pipelines. Rival pipeline operator Energy Transfer Equity L.P. (ETE.N) insists that its tax-deferred $4.1 billion offer for Southern Union is better than Williams Companies Inc's (WMB.N) $4.9 billion cash bid.As natural gas prices remain depressed, and gasoline...

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Higher prices hurt at Safeway, shares fall

Higher prices hurt at Safeway, shares fall Stock Market Predictions(Global Markets) - Safeway Inc (SWY.N) reported a quarterly profit that beat analysts' low expectations, but shares fell 2.8 percent as higher food prices showed signs of denting demand at the second-largest U.S. supermarket company. Inflation hit 4 percent during Safeway's third quarter and sales volume declines accelerated more than in the previous period, Chief Executive Steve Burd said on a conference call with analysts.Burd's comments sent shares, which had been up almost 7...

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DragonWave cuts revenue view on shipment delays

DragonWave cuts revenue view on shipment delays Stock Market Predictions(Global Markets) - Telecom equipment maker DragonWave Inc (DWI.TO) (DRWI.O) cut its first-quarter revenue forecast by 27 percent to $11 million, mainly due to a shipment delay by a North American customer, sending its shares down 8 percent in morning trade. The company, hit hard as its key customer Clearwire has been struggling to raise cash to complete a high-speed wireless network in the United States, had last month forecast revenue of $15 million.DragonWave, however, did...

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TMX shares rise after deal with LSE called off

TMX shares rise after deal with LSE called off Stock Market PredictionsTORONTO (Global Markets) - TMX Group (X.TO) shares turned higher on Wednesday after the London and Toronto stock exchanges canceled plans to combine forces when it became clear they did not have enough shareholder support. Shares of TMX, operator of the Toronto Stock Exchange, climbed as high as C$44.14 after the news, adding to gains before the confirmation was published. A media report had said the London Stock Exchange (LSE.L) had lost the battle for TMX Group in a proxy...

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Stock Market Forecast for 5th March 09

Market may open up. Market may up between 10.00 and 10.31 Market may steady or up side between 13.01 and 13.24. Market may close at up or near to previous closing.SHARE YOUR THOUGHTS! LEAVE A COMMENTSOpening Bell CallBuyCIPLA - Cipla LtdIDEA - Idea Cellular LimitedONGC - Oil & Natural Gas Corpn LtdTATAPOWER - Tata Power Co. Ltd.BALRAMCHIN - Balrampur Chini Mills LtdOn 4th March 2009 - The BSE Sensex closed at 8,446 (Up 19 points) while the NSE...

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Chelsea Therapeutics soars as FDA panel backs key drug

Chelsea Therapeutics soars as FDA panel backs key drug Stock Market Predictions(Global Markets) - Shares of Chelsea Therapeutics International Ltd (CHTP.O) rose as much as 76 percent on Friday after a committee of independent experts recommended the approval of its hypotension drug in the United States. The FDA panel voted 7 to 4 in favor of the drug's approval on Thursday. Its recommendation will now be taken into consideration by the FDA, which is expected to make a decision on the drug by March 28.Wedbush Securities analyst Liana Moussatos said...

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Celestica shares hit 2-year low as major customer RIM cuts

Celestica shares hit 2-year low as major customer RIM cuts Stock Market Predictions(Global Markets) - Shares of Celestica Inc (CLS.TO) fell as much as 9 percent to a two-year low on Friday, a day after its major customer Research In Motion (RIM.TO) (RIMM.O) posted disappointing results and slashed its outlook. Contract electronics maker Celestica's 21 percent sales in the March quarter came from BlackBerry maker RIM."In light of RIM's relatively large contribution to Celestica's overall revenue base, we believe RIM's near-term challenges could...

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RIL board approves 1:1 bonus issue

Reliance Industries has informed BSE that the Board of Directors of the Company at its meeting held on October 07, 2009, inter alia, has recommended, subject to the approval of the shareholders, issue of Bonus shares in the ratio of one equity share of Rs 10/- each fully paid up for every one equity share of Rs 10/- each of the company. India's largest private sector refiner has issued bonus shares after 12 years. The last time it issued 1:1 bonus was on September 13, 1997. Further, the Board has declared a dividend of Rs 13 (Rupees thirteen only)...

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LSE, TMX Group results top forecasts

LSE, TMX Group results top forecasts Stock Market PredictionsLONDON/TORONTO (Global Markets) - The London Stock Exchange and Canada's TMX Group reported forecast-beating results on Friday as they applied for regulatory approval of their $3 billion deal to join forces. Shares of the exchanges, both pressured by competition from alternative trading upstarts, rose after the results.First-quarter profit at TMX, the operator of the Toronto Stock Exchange, rose 13 percent to C$64.3 million ($66.8 million), while revenue climbed 17 percent to C$174.7...

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Analysis: Stock-picking makes a comeback as macro tides fade

Analysis: Stock-picking makes a comeback as macro tides fade Stock Market PredictionsNEW YORK (Global Markets) - Stock-picking once again matters on Wall Street. After a year in which stocks moved in near-lockstep regardless of individual merit, the herd mentality is crumbling away.The move away from a frenzied rush in and then back out of the market is a welcome sign for stressed-out fund managers and lay investors alike."If I think something looks cheap I'm more prepared to own it because I think that will matter. Before, I would throw up my...

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McGraw-Hill, CME Group to form index JV

McGraw-Hill, CME Group to form index JV Stock Market Predictions(Global Markets) - McGraw-Hill Cos Inc (MHP.N) and CME Group (CME.O) will form a joint-venture to combine some of Wall Street's most well-known indicators, including the Dow Jones industrial average and the S&P 500. McGraw-Hill, owner of the S&P Indices, said it will hold a 73 percent stake in the venture and expects the agreement to immediately add "a couple of cents" to its annual earnings.The deal is the latest step in McGraw-Hill's restructuring of its portfolio of businesses,...

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Hynix shares tumble on new share sale concerns

Hynix shares tumble on new share sale concerns Stock Market PredictionsSEOUL (Global Markets) - Shares in South Korea's Hynix Semiconductor (000660.KS) tumbled more than 8 percent on Friday to five-month lows amid concerns of a substantive new share sale by the creditors-turned-shareholders of the chipmaker. Top shareholders of the company plan to launch the sale of their $2.9 billion stake on June 21 and a source with direct knowledge of the auction told Global Markets that they would seek to offer 20 percent of the firm including new share issues.The...

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