Engineering major Larsen and Toubro (L&T)’s construction division has bagged new contracts worth Rs 1,629 crore in the buildings and factories segment. “A major design and build order worth Rs 900 crore was secured for the construction of a major IT campus facility durin…

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Buy 150 million shares for Rs 2,000 crore in 73 BSE-500 companies. The equity market sentiment may be weak, but promoters seem to be showing confidence in their listed firms. Promoters of top corporate houses or groups such as Tata, Bajaj, Vedanta, Anil Ambani’s Reliance group, Mahindr…

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Retail loans increased: RBI data. Credit growth to the infrastructure sector has seen a decline in September, while retail loans increased significantly, according to data released by the Reserve Bank of India. The figures show a 20.3 per cent comedown on year-on-year credit growth to t…

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During high inflation times, calculate real returns to maximise wealth. Any investment advice is always on where to put one’s money. And rarely is an investor told about investment avenues and instruments that he needs to avoid. There are various reasons that have to be well thought ou…

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Board approves land purchase to set up one-million-unit plant in Gujarat. Hit by a month-long labour unrest at its plant in Manesar, coupled with a slowdown in automobile sales, Maruti Suzuki saw a 59.81 per cent decline in its net profit to Rs 240.44 crore for the quarter ended Septembe…

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Indian Hotels Company today reported profit after tax of Rs 8.12 crore for the second quarter ended September 30, 2011, over the same period previous fiscal. The company had posted a net loss of Rs 6.30 crore in the same period last financial year, Indian Hotels Company said in a filing …

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European Commission President Jose Manuel Barroso has said Europe has moved closer to solving the eurozone debt crisis, as an agreement was reached in Brussels. Addressing the European Parliament in Strasbourg, Mr Barroso said the deal showed the EU could unite in the most difficult of t…

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A week after it breached double digits, India’s food inflation continued with its upward climb and was recorded at 11.43 percent for the week ended Oct 15, official data showed Thursday. The rise was due to a jump in prices of pulses, milk and vegetables. Food inflation had crossed…

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Gabriele Steinhauser and Sarah Dilorenzo, AP Business Writers, On Thursday October 27, 2011, 1:06 am EDT BRUSSELS (AP) — European leaders clinched a deal Thursday they hope will mark a turning point in their two-year debt crisis, agreeing after a night of tense negotiations to have…

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One of the best consumption plays, the company is seeing consumers postponing purchases, thereby impacting revenue and profit growth. Titan Industries’ stock tanked around 5 per cent on Tuesday (Sensex was up 1.9 per cent) as the company reported a significant slowdown in profit growth…

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