| News Central |
Nov 20, 2009 |
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BUSINESS STANDARD
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FII-TO-FII TRADES: PNB traded at 4% premium
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Trades between FIIs generated a volume of Rs 75 crore on the BSE Friday-an increase of 33.49% from Rs 56 crore clocked on Thursday. As many as eight stocks witnessed trades of 13 lakh shares on Friday.
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FinMin advises ministries to cut expenses by 10%
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Facing revenue shortages, the Finance Ministry has advised all the ministries to cut expenditure on domestic and foreign travel and advertising by 10 per cent, the Lok Sabha was informed today.
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Adhunik Metaliks raises Rs 137 cr via QIB issue
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Steel products maker Adhunik Metaliks today said it will raise over Rs 137.13 crore by issuing around 1.39 crore shares to qualified institutional buyers (QIB).
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Bharati to go by Sebi norms on Great Offshore offer
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Bharati Shipyard (BSL) today said it would abide by the guidelines issued by the market watchdog Securities and Exchange Board of India (Sebi) on the Great Offshore open offer.
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SRS Cinemas to invest Rs 50 cr by March 2010
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Theatre chain SRS Cinemas today said it will invest Rs 50 crore for adding 21 screens to its portfolio by the end of this fiscal, taking its total to 53 screens.
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Galleon exits Edelweiss; sells 7% stake for Rs 255.54 cr
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Galleon Group LLC, the US hedge fund whose founder Raj Rajaratnam has been charged with insider trading, has exited domestic brokerage firm Edelweiss Capital by selling entire 7.02 per cent stake in the company.
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Suzlon Energy's three promoters pledge 2.8 cr shares
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Wind power turbine maker Suzlon Energy today said its three promoters have, in total, pledged a further 2.80 crore shares, taking the total shares pledged by the company's promoters to 28.28 per cent.
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Draw export strategy of $300 bn: Assocham to govt
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India should aim to increase its merchandise exports to $300 billion by 2014 and adopt a multi-pronged strategy to accelerate competitiveness of domestic goods in global markets, Assocham said.
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Disinvestment of 4 PSUs likely to be completed in two months
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Disinvestment process in four public sector undertakings is likely to be completed over the next two months, a top government official said today.
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Tata Steel completes $546-mn exchange offer for CARS
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Tata Steel has sold $546.9 million (around Rs 2,550 crore) of new 2014 convertible bonds to cut its funding cost for overseas acquisition.
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Price Waterhouse auditor moves SC, seeks bail
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Price Waterhouse auditor Srinivas Talluri, arrested in Satyam fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides, has moved the Supreme Court seeking bail in the matter.
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Air India pilots defer strike by six days
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Air India pilots, protesting management's moves to cut their salaries and allowances, today deferred their strike threat from November 24 by six days, even as the conciliation talks remained inconclusive.
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HPCL-led consortium holds petrochem complex at Vizag
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State-run oil refiner Hindustan Petroleum Corporation (HPCL)-led consortium has temporarily put on hold its proposed Rs 30,000 crore petrochemicals complex at Visakhapatnam, a top official said today.
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Vodafone seeks time till Jan for tax claim reply
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UK-based mobile major Vodafone has sought an extension until January 29 next year to reply to a tax claim notice issued last month by the Income-Tax department, the Lok Sabha was informed today.
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NIA to complete 26/11 probe in 6 weeks: Pillai
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Barely a week before the first anniversary of Mumbai terror attack, Union Home Ministry has expressed hope of completing the investigation into the incident within next six weeks.
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Srei consortium bags 57% DPSC stake
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India Power Corp (IPCL), a consortium promoted by Srei Infrastructure Finance and Bhaskar Silicon, has emerged as the higest bidder to acquire 57 per cent stake in Dishergarh Power Supply Corp (DPSC).
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ED gets arrest warrant against Koda's close aide
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In a boost to the Enforcement Directorate (ED), a court here issued an arrest warrant against Binod Sinha, close associate of former Jharkhand chief minister Madhu Koda in connection with the multi-crore illegal investments and hawala case.
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Forex reserves up at $286.376 billion
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India's foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today.
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ICICI, HUL among world's best companies for leaders
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Indian private sector lender ICICI Bank and global consumer goods giant Unilever's India-based subsidiary Hindustan Unilever (HUL) have been named in a list of world's 10 best companies for leaders.
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SC notice to GSK Consumer on Heinz India's plea
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The Supreme Court today issued a notice to Glaxo Smithkline Consumer Healthcare in a case relating to the advertising war between two popular health drink brands Horlicks and Complan in India.
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