Quake centered 33 km beneath the ocean Jakarta: Indonesia issued a tsunami warning Wednesday after an earthquake with a preliminary magnitude of 8.7 hit waters off westernmost Aceh province. People on Twitter said tremors were felt in Singapore, Thailand, Malaysia and India. High-rise ap…

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By Steve James NEW YORK (Reuters) – Aluminum producer Alcoa Inc surprised Wall Street with a first-quarter profit after a loss in the fourth quarter of 2011 as global markets improved, especially in the aerospace and automobile sectors. The results, which beat analysts’ fore…

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Indraprastha Gas Ltd (IGL) tanked 46% to Rs 188 after the Petroleum and Natural Gas Regulatory Board (PNGRB) has directed IGL to reduce prices for Delhi consumers with effect from on Monday after factoring in the reduction in both network rates (levied on CNG, PNG and industrial consumers…

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Oil and Natural Gas Corporation (ONGC) says its joint venture (JV) company has won a third of the estimated $3-billion global contract to clean the 60 million cubic metres of Kuwait contaminated by the huge oil spills that were a legacy of the retreating Iraqi armies in 1991. Sudhir Vasu…

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Trading members are requested to take note that the following 49 companies have failed to comply with various provisions of the Listing Agreement upto quarters ended June 2011. Sr. No. Scrip Code Company Name 1 506267 Assam Petrochemicals Ltd 2 532645 Beeyu Overseas Ltd 3 526652 Cals…

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After seeing sharp losses last year, the BSE’s mid-cap and small-cap indices have rallied smartly so far this year, with several of their constituent stocks giving handsome returns. The BSE’s mid-cap and small-cap indices have outperformed their large-cap peers so far in 2012…

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The Subhash Chandra-promoted Essel Group has raised its stake in IVRCL to 12.27 per cent by purchasing an additional 2.08 per cent stake from the open market, upping the ante for the battle to gain control over the Hyderabad-based infrastructure firm. The Essel Group now owns more stake …

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Markets to remain closed on Thursday and Friday on account of Mahavir Jayanthi & Good Friday. …

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MUMBAI: The Subhash Chandra-controlled Essel Group’s move to mount a hostile bid on IVRCL, a Hyderbad-based infrastructure player, has put the spotlight on companies in which promoter holdings are precariously low. …

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Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its…

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