GMR Infrastructure, the Bangalore-based infrastructure firm with focus on power generation, highways, airports and urban infrastructure, has withdrawn its $500 million fund raising efforts through the QIP route for the time-being.According to a senior finance official of the firm, they ha…

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MUMBAI: The Bombay High Court today sanctioned the merger of Reliance Industries Ltd and Reliance Petroleum, but stayed its own order to enable those who are against the merger to file an appeal. Anup Sheth and two others had filed applications, objecting to the merger scheme in the pre…

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The high-powered committee set up by the Institute of Chartered Accountants of India (ICAI) to look into the multi-crore fraud at erstwhile Satyam Computer will submit its report on July 9.”We will submit the report to the Ministry of Corporate Affairs on July 9 after we finalise th…

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BANGALORE: Infosys Technologies will bid for the ambitious unique identification card project, which a state-run authority would initiate under Nandan Nilekani Top 10 Wealthiest CEOs 10 most admired cos World’s top 10 valuable brands the chairmanship of its former co-chairman N…

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Sun Pharma recovered partially from the day’s low of Rs 1,070, and finally ended 12% lower at Rs 1,140. The counter registered heavy volumes of around 580,400 shares, which is around 30-times higher than its two-week daily average volume of around 19,230 shares on the BSE. Sun Pha…

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The initial public offer of Mahindra Holidays & Resorts, through which it is expecting to raise up to Rs 301 crore, got fully subscribed on the final day of offer today. The IPO of the hotel chain arm of the Mahindra & Mahindra Group received bids for over 1.39 crore equity …

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MUMBAI: Oil prices extended gains in Asian trade on Friday as attacks on pipelines in crude producer Nigeria worsened and the US dollar took a hit after a recent rally. New York’s main futures contract, light sweet crude for delivery in August, climbed 24 cents to $70.47 a barrel. …

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MUMBAI: Market regulator SEBI on Thursday banned 5 persons, who are allegedly involved in the Pyramid Samira case, from buying and selling shares in capital markets for 3 years after the watchdog found they had cornered employee quota shares of the company by pretending to be on its role…

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Areva T&D India, an arm of French power equipment maker Areva, today said it has bagged an order worth about Rs 1,200 crore from domestic steel major Jindal Steel & Power Ltd (JSPL) for a power project. The company has been awarded this contract for a 400/220 kV substation and …

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ABB India, a power and automation technology group, has won orders worth Rs 220 crore from Tata Projects Limited to provide power products and solutions for a super-critical coal-fired power plant under construction in the southern Indian state of Andhra Pradesh. The Krishnapatnam thermal…

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