Infosys Technologies, India’s second largest software services exporter, has posted a 17.2 per cent increase in net profit to Rs 1,527 crore for the first quarter ended 31 March, 2009 when compared with the corresponding quarter a year ago.Total Income for the first quarter has inc…

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State-run power firm NTPC overstated its profits by Rs 938 crore in 2007-08, the Comptroller and Auditor General of India (CAG) said in a report, but categorically stated that chances of Satyam like frauds in PSUs are very remote.The report, which was tabled in Parliament today, said PSUs…

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The government became richer by over Rs 3.5 lakh crore in 2007-08 as the value of its shares in state-owned listed companies soared by 65 per cent during the year.“The total market value of shares held by the government in these companies (35 PSUs listed on stock exchanges) had gone up …

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The stock was trading at Rs185.45 on the Bombay Stock Exchange (BSE) at 1:51 pm Dayim Punj Llyod, a JV between the Punj Lloyd and His royal Highness Prince Khalid Bin Bandar Bin Sultan (KBS), Kingdom of Saudi Arabia, announced winning a contract worth Rs12.10bn (US$246.8mn) for engineeri…

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NEW DELHI: Mahindra Satyam on Wednesday said it has approval from the Company Law Board to allot on preferential basis new shares to Tech Mahindra that would take the new owner’s stake in the company to 43 per cent. “Following the allotment of the additional shares, the outs…

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Sajjan Jindal-promoted JSW Energy today said it plans to set up a 3,200-Mw super critical thermal power plant entailing an investment of Rs 15,000 crore at Ratnagiri in Maharashtra. “We are setting up a 4×800 super critical thermal power plant in Ratnagiri at a cost of Rs 1…

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Results today: Prism Cement Satyam – Sources -CLB (Company Law Board) okays preferential allotment of Satyam shares to Venturebay -19.86 crore Satyam shares allotted to Venturebay Consultants -Money for share allotment to be deposited by July 9: CLB MTN says -Negotiations with…

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Anil Ambani group firm Reliance Capital (R-Cap) has exited Mukesh Ambani-led Reliance Industries (RIL) by offloading an investment worth Rs 129.88 crore in the shares of the country’s most valued firm. However, R-Cap continues to hold a little over 1 per cent stake in another Mukesh…

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MUMBAI: The country’s top-10 firms added Rs 32,000 crore to their market capitalisation last week, with public sector oil firm Oil and Natural Gas Corp (ONGC) contributing the major chunk. ONGC added Rs 20,052 crore to its market-cap, taking the total valuation to Rs 2,42,687 cror…

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Tata Steel has topped the value chart with a turnover of Rs 192.05 crore. It is followed by Reliance ( Rs 138.11 crore), Educomp Solutions ( Rs 130.92 crore), Suzlon ( Rs 101.24crore), Reliance Capital ( Rs 90.74 crore).Suzlon is leading the volumes chart with trades of over 9.59million…

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