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Bankers will remain bankers
We are always better analysts with a 20/20 hindsight. Indeed, an ex post reading about events leading up to a crisis appears logical, and often leaves one with the question about why the evolution of the crisis could not be seen and corrected in time. Still, policy-makers know that such a review and understanding are important to learning from mistakes. Restoring Financial Stability (Wiley) acts as a catalyst to that understanding by offering a comprehensive sequencing of the causes and progression of the build-up of the financial strains that, following the Lehman bust in September 2008, evolved into a full-blown global financial crisis. It is a collection of thematic essays by the faculty of the Stern School of Business at New York University.

Bollywood's latest blue-eyed boy
Ranbir Kapoor is raking in Rs 5 cr for each film.

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Maruti to showcase concept MPV at Auto Expo
The country"s largest carmaker Maruti Suzuki India today said it will hold world premier of a concept multi-purpose vehicle, designed exclusively by Indian engineers, at the Auto Expo starting here from January 5.
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Sensex gains in early trades

The Sensex opened marginally in red this moning but rebounded almost immediately on positive global cues. - Novartis gains on plans of Alcon buy - Godrej Properties commands 16% premium on debut - F&O OUTLOOK: Nifty to find stiff resistance above 5,300 - FIIs net sellers Rs 51cr in F&O on Monday - Nifty to find stiff resistance above 5,300 - Sensex starts New Year with 20-month high The index opened at 17,556 and touched a high of 17,730. The index is now at 17,698 - up 139 points. The Nifty is now up 46 points at 5,278. US markets advanced on several deals, soaring commodities and a strong manufacturing data. The Dow and the Nasdaq jumped 1.5% each. Asian markets are also in the green. The Hang Seng has added 1.6% to 22,182. Metal stocks have gained in opening trades. Sterlite has jumped 2.3% to Rs 896. Tata Steel and Hindalco have added 1.5% each to Rs 644 and Rs 166, respectively. Jaiprakash Associates has moved up 1.5% at Rs 156. Mahindra & Mahindra and Tata Motors have advanced 1.4% each. Reliance, HDFC, ICICI Bank and DLF are the other gainers in the market today. The BSE market breadth is positive in opening trades. Out of 1,684 stocks traded, 83% have advanced while 15% have declined.


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