The ongoing initial public offers (IPOs) are witnessing overwhelming response from investors with toll road operator IL&FS Transportation issue subscribed 33 times and home linen maker Pradip Overseas subscribed 14.5 times. On the final day of the issue, IL&FS Transportation re…

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Ranbaxy Laboratories has firmed up after settling a patent dispute with Takeda Pharmaceutical Company regarding a generic version of the Japanese company’s diabetes drug, Actos, in the United States. India’s leading drug maker by sale is trading at the day’s high of Rs 473, stro…

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Kindly note that todays (15-03-10) cash market purchase cannot be sold for delivery tomorrow (16-03-10) due to same day settlement. Therefore no BTST possible …

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In a volatile trade last week, when the Sensex soared to a seven-week high level of over 17,000 points, seven out of top-10 firms lost over Rs 32,000 crore from their market capitalisation, with NMDC losing the most. However, three firms — Reliance Industries (RIL), Infosys Technol…

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The follow-on public offer of NMDC, a navratna public sector undertaking, was fully subscribed on the last day. Qualified institutional investors helped the issue to sail through. Their reserved portion was subscribed over two times. Overall, the issue got overbid 1.24 times, as per data …

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Mirroring global cues, Indian markets ended with marginal gains this week. The BSE benchmark index rallied on the first trading day bouyed by strong global cues. Lower number of job cuts signalled a recovery in the US economy. Asian and European markets also ended with big gains. Howeve…

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Move to help it emerge from a Rs 735-crore debt pit. The crisis-ridden Vishal Retail chain today said it had received approval from lenders for inducting a strategic investor into the company to help it emerge from a Rs 735-crore debt pit. The company said a formal announcement in this …

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Malvinder to be Parkway chairman; acquisition will form Asia’s largest hospital chain. Fortis Healthcare today announced the largest overseas acquisition by an Indian company in the healthcare space, buying the entire 23.9 per cent stake held by TPG Capital in Singapore’s Parkway Hol…

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During the end of the financial year, insurance companies try to tap tax-payers with innovative schemes, including guaranteed returns products. Life Insurance Corporation of India (LIC) recently launched Wealth Plus, which gives guaranteed returns. Last year, it had launched Jeevan Aasth…

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Bank of Rajasthan tumbled 6.29% to Rs 62.60 at 10:25 IST after the Reserve Bank of India ordered a special audit of the accounts of the bank after it found lapses in corporate governance and disclosure norms. The stock had underperformed the market over the past one month till 8 March 20…

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