In contrast to handsome gains made in the primary market, nearly two-third of the 69 companies listed on bourses during 2010 are trading below their issue prices, resulting into negative returns for investors. An analysis of the BSE-listed companies shows that as many as 44 out of the 69…

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State-owned Indian Oil Corp (IOC) is losing Rs 118 crore a day in revenue on selling diesel, domestic LPG and kerosene below their imported cost, a company official said today. “We are losing very heavily on diesel after international oil prices firmed up to $90 a barrel,” he…

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This is the bank’s second attempt to foray into the Indian market after 2009. Goldman Sachs, the world’s most profitable investment bank, is finally set to launch its Indian mutual fund business in 2011, people familiar with the matter have said.The Wall Street behemoth might also lo…

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Anil Dhirubhai Ambani Group (ADAG) companies, Reliance Power and Reliance Communications, will sew up about $3 billion in loans from mostly Chinese banks, officials said on Wednesday. Utility Reliance Power has secured loans worth Rs 5,000 crore ($1.1 billion) from a consortium of three …

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The combined market capitalisation (m-cap) of six of the country’s top-10 firms went down by Rs 42,791 crore during the past week, with two of the country’s top lenders — SBI and ICICI Bank — bearing the maximum loss. Amid a weak stock market, which fell by 458 po…

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NEW YORK: Stocks jumped to a fresh two-year intraday high on Tuesday as investors bet that a deal to extend tax breaks will prompt increased spending and buoy the economy. A stronger euro, rising commodity prices and an acquisition in the energy sector also combined to push Wall Street h…

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Siemens has won an order of Rs 127 crore from Jaypee Sports International for equipping the country’s upcoming first Formula 1 race track at Noida with electronics race control management systems. This project is scheduled to be completed within the next 10 months. As per the compa…

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As if taking a cue from Ratan Tata, Anil Ambani-led RCom today alleged that old GSM telecom operators took away excess 2G airwaves without paying for it. In a statement, RCom said that it “supports Tatas” charge on spectrum hoarding by old GSM operators.Ratan Tata, in a recen…

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NEW DELHI: State-owned PowerGrid Corporation today said new shares allotted to the public under its recent 20 per cent follow-on public offer will start trading on the bourses from November 26. The company’s new shares will start trading on the exchanges from November 26, PowerGrid…

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The country’s biggest car maker Maruti Suzuki India (MSI) has regained over 50 per cent market share in the passenger cars segment in October, after four consecutive months of remaining below the coveted mark. According to figures released by the Society of Indian Automobile manufa…

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