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The RBI has accepted the application withdrawal request, according to the statement.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Licence winners are expected to be announced by the first quarter of 2014.
In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
Sensex, Nifty put up a good show in closing trade.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
Sensex ends lower; govt schemes in focus.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
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In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
Most of the index heavyweights are yet to declare their results.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
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Most infra projects have hit a road block due to high cost of funds.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The idea was that despite some defaults the high rates would assure good profits.
Budget in the medium term aims to kick-start the investment cycle.
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As home deals are down to a trickle, most are looking at life beyond broking.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
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