New Delhi: Indian industry on Wednesday welcomed the approval accorded by Lok Sabha to FDI in multi-brand retail, saying it will send a strong signal to foreign investors and enable the government to take up further economic reforms. “It is a welcome development. We fully support t…

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The company has bagged Rs 450 crore order from Indian railways and Rs 73 crore order from Saudi Arabia. BEML has rallied 5% to Rs 306 after the state-owned company said that it has received orders worth of Rs 523 crore from the Indian railways and from Saudi Arabia “The order amounti…

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Entire stake of financial data and news terminal biz will be sold to Samara Capital Raghav Bahl-promoted Network18 has entered into a definitive agreement with Samara Capital to divest its entire stake in NewsWire18, its financial data and news terminal business. Network18 will get Rs …

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This would be the third fund infusion in the airline by Maran since September 2011 Amid market buzz of the promoters of SpiceJet planning to dilute their majority stake, media tycoon Kalanithi Maran, the principal promoter, has decided to increase his stake by five per cent to infuse Rs…

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US investment bank Goldman Sachs on Thursday gave Indian bourses a shot in the arm by upgrading its rating for the nation’s stocks to overweight. Also, the government agreed to a discussion in Parliament on foreign direct investment (FDI) in multi-brand retail under the voting rule, spa…

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Emami would be the second Indian FMCG company to start operations in Bangladesh after Dabur Home-grown FMCG company Emami Limited will shortly start commercial operations in Bangladesh for which trial production is already on, a senior company official said. “We had got the licen…

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Markets to remain closed on Wednesday (28-11-12) on account of Guru Nanak Jayanti. …

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The board of directors of the company scheduled to meet on November 27 to decide on buyback of equity shares. Geodesic has surged 5% at Rs 40.60 ahead of its board meeting tomorrow to consider a share buyback proposal. “The board of directors of the company is scheduled to meet on No…

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Govt gets Rs 800 cr, even as most FIIs, MFs stay away despite 41% discount The Hindustan Copper stake sale , the first disinvestment this financial year, managed to sail through today, mainly on support from Life Insurance Corporation ( LIC ) and public sector banks . The offer for sale…

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A combined 6.5 million shares representing 38% of free-float equity of Jet Airways have changed hands on the BSE and NSE. Shares of aviation companies mainly Jet Airways and SpiceJet have rallied more than 7% each on back of heavy volumes. Jet Airways has soared 15% to Rs 501, also its…

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