Shares of Bajaj Hindusthan Sugar & Industries (BHSIL) will stop trading on the bourse from December 30 as the company will be merged with another group firm Bajaj Hindusthan. “Trading in the equity shares of BHSIL shall be suspended with effect from December 30, 2010, on accou…

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CBI Special Court has sentenced Ashok Chaturvedi to 4-year imprisonment in Noida land scam. Ashok Chaturvedi is Uflex CMD. Uflex touched an intraday high of Rs 245.75 and an intraday low of Rs 194.95. At 13:41 hrs the share was quoting at Rs 194.95, down Rs 48.7, or 19.99%. source: Read More..

Avon Corporation touched an intraday high of Rs 10.19 and an intraday low of Rs 8.38. At 15:22 hours the share was trading at Rs 8.38, down Rs 0.93, or 9.99%. It was trading with volumes of 10,331,692 shares, compared t…

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Power Grid Corp of India’s share sale will raise $1.7 billion after its board fixed the issue price at Rs 90 a share, the top end of the price range, the firm said on Sunday. The state-run firm’s 841.7 million share public offer closed on Friday after being subscribed 14.5 ti…

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The government is set to divest 10 per cent of its stake in Indian Oil Corporation, while 5 per cent in Oil and Natural Gas Corporation next year, a senior official said today. “The government plans to sell 5 per cent stake in ONGC and 10 per cent in IOC. We are yet to appoint a ba…

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UK-based Cairn Energy Plc will tomorrow seek shareholder nod for the sale of majority stake in its Indian arm to London-listed Vedanta Resources for up to $8.48 billion, a development that would close options for state-owned ONGC to make a counter offer. Cairn has called a General Meetin…

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Mukesh Ambani promoted, Reliance Industries Ltd announced that it has acquired a 14.12 per cent stake in EIH Ltd. The acquisition was made through Reliance Industries Investment and Holding Pvt Ltd, a wholly owned subsidiary of RIL, said the company in a filing with the Bombay Stock Excha…

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Public shareholders of Cairn India will lose out on a whopping Rs 3,570 crore to the promoters who would be only beneficiary of a non-compete fees to be paid by its suitor, London-listed Vedanta group. The non-compete fees, which market regulator Sebi had already proposed to abolish, are…

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Eight of the country’s top-ten firms lost a whopping Rs 37,000 crore from their combined market capitalisation during the past week, with trading firm MMTC suffering the maximum loss. MMTC, at the seventh position in the list of the country’s largest firms by market capitalis…

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