Ketan Parekh is trading in dozens of stocks, according monthly intelligence reports. Top ministry officials have been getting these reports regularly. But why are they sitting idly, and why is SEBI keeping mum? Ketan Parekh has been banned from trading in securities from December 2003 ti…

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Private equity funds will submit final bids early this week to buy a stake in India’s Patni Computer Systems, a business daily reported on Monday, without naming its sources. A consortium that includes Carlyle and Advent and a rival grouping of IT services firm iGate Corp and Apax …

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To buy more than 40 million shares since 30th September 2010, LIC would have had to pick up more than 8,00,000 shares a day; but the delivery numbers just don’t add up The September shareholding pattern of Oil & Natural Gas Corporation (ONGC) shows that Life Insurance Corporat…

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Markets to remain closed on 17-12-10 on account of Moharum …

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The Bombay Stock Exchange today said it has decided to suspend trading in 12 companies, including Vishal Exports, for varying periods with effect from January 13, 2011, on non-compliance with the Listing Agreement. “… A company listed on BSE is required to comply with various…

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BSE index closes 0.94 per cent higher at 19,691.78. The Sensex closed 0.9 per cent higher on Monday, helped by firm world equities, but trading remained choppy as ongoing corruption probes kept investor sentiment wary. Reliance Communications gained nearly two per cent after it announce…

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IIP at 10.8% much better than expectations. Manufacturing output rose by 11.3% in the month under review versus 10.8% in the same month a year earlier. Electricity output expanded by 8.8% versus 4% in October 2009. Mining output growth stood at 6.5% versus 9.1% in the year-ago period. Th…

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A 20-50 per cent fall in several small- and mid-cap stocks over the past week caused severe margin pressure on domestic equity markets today. The result: While the Bombay Stock Exchange (BSE) small- and mid-cap indices dipped 6 per cent and 4.5 per cent, respectively, the Sensitive Index…

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Bank Nifty is trading near its three-month low on back of weakness for the third consecutive day amid concerns of margin pressure on the banks post the deposit rate hikes. The index is down 2% or 192 points at 11,503 at 1100 hours, and is near its three-month low of 11,447 touched on Sept…

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Varanasi: A girl child was killed and more than 20 people, including a few foreigners, were injured when a bomb exploded on the banks of the Ganga during Tuesday evening’s ‘maha aarti’ watched by hundreds and sparked off a stampede, authorities and witnesses said. The In…

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