India’s largest initial public offering (IPO), to be floated by Coal India Ltd, is generating enormous interest in the grey market. Investment bankers and stockbrokers that control this unregulated market are already trading CIL shares at a Rs 10-12 premium — even before the price ban…

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Seven of the country’s top-10 firms added Rs 29,191.43 crore to their combined market capitalisation (m-cap) during the past week, with the maximum gains being registered by state-run NTPC and State Bank of India (SBI). With a total m-cap of Rs 1,80,616.8 crore, power major NTPC em…

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“Stay together, stay one. India first, all else after” — tweeted Amitabh Bachchan on the morning of September 30. About 81 million internet subscribers across the country echoed his views throughout the day. Passions ran high as Indian users reinvented social activism by discussing…

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Buoyant growth continued unabated in the passenger car and commercial vehicle segments, with sales (including exports) of the country’s leading automobile makers rising 20.6 per cent in September to 290,252 units, compared to 240,656 units in the month last year. The leading car makers…

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Mumbai: In a late development, capital market regulator Securities and Exchange Board of India (Sebi) on Thursday declared 197 foreign institutional investors (FIIs) and 342 sub-accounts as non-compliant entities. Funds of ABN AMRO Bank, Standard Chartered and Bank of New york are among t…

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Lucknow: The three-judge special Lucknow bench of Allahabad High Court ruled by majority that the disputed land in Ayodhya be divided into three parts and be distributed among the Sunni Wafk Board, Nirmohi Akhara and the party for ‘Ram Lalla’. The High Court ruled that the lan…

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Koutons Retail India was frozen at the 20% lower circuit at Rs. 172.70 at 09:05 IST on BSE, extending Wednesday’s 20% plunge, on reports a credit rating agency has suspended its ratings assigned to the retailer citing absence of requisite information. Meanwhile, the BSE Sensex was…

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Pulling up officials of the Central and state governments for giving clearance and consent to Sterlite Industries (India) Limited without following the mandatory provisions of law, the Madras high court on Tuesday ordered the immediate closure of its copper smelting plant in Thoothukudi. …

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Says international foray’s contribution will increase top line 12% Gurgaon-based low-cost carrier SpiceJet said today it would double its current 22-plane fleet by the end of 2013. It also said the projected contribution from its international operations, which the airline would commen…

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Regulators shut small banks in Florida, Washington to bring US bank failures this year to 127 WASHINGTON (AP) — Regulators on Friday shut down small banks in Florida and Washington state, bringing to 127 the number of U.S. bank failures this year on a wave of loan defaults and econ…

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