Sun Pharmaceutical Industries, which is attempting a hostile takeover of Israel-based Taro Pharmaceutical, extended the tender offer to acquire the remaining stake in the drug maker to April 3, as it launched a fresh round of negotiations to settle the differences out-of-the-court. …

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Akruti City finally settled with a hefty loss of nearly 28% at Rs 1,608. The counter saw trades of around 27 lakh shares so far on the BSE today. Akruti City continues to languish at lower levels and is still down almost 25% at Rs 1,675. The counter has seen trades of around 16.57 lakh s…

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atyam Computer has sought yet another extension from the stock exchanges to disclose its October-December quarter results, which is being restated in the aftermath of a massive accounting fraud at the IT firm.”We have requested the stock exchanges to give us extension till June 30,&…

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NEW DELHI: The decision by India’s markets watchdog to tighten the disclosure norms for the promoters of listed companies after the Rs 7300 crore ($1.5-billion) Satyam Computer Services scam appears to have made an impact. …

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Here are stocks that are expected to remain in news today: Satyam -iGATE files formal expression of interest in Satyam -iGate may withdraw EOI if information sought on Satyam not provided -Spice Corp registers expression of interest for Satyam: co officials -L&T says have expres…

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A US-based research firm has pegged Satyam’s class action lawsuit liabilities at under USD 100 million. CNBC-TV18’s Shereen Bhan reports. According to the research firm, the amount of liability that the crisis-ridden Satyam, in the aftermath of the Rs 7,000 crore scam carried out …

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Nagarjuna Construction Co Ltd (NCCL), a Hyderabad-based infrastructure development company, has bagged three new contracts aggregating Rs 263 crore.The first order, valued at Rs 119 crore, was secured from the Maharashtra State Electricity Distribution Company Ltd for a turnkey contract f…

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NRI billionaire Anil Agarwal-led Sterlite Industries today said it has entered into an agreement with copper producer Asarco to buyout the US-based company for $1.1 billion in cash and promissory note worth $600 million.”Sterlite has signed a new agreement with Asarco for purchase o…

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NEW DELHI: Oil and Natural Gas Corp (ONGC) is borrowing about Rs 9,000 crore from a group of banks to part fund the Rs 12,440 crore petrochemical plant it is building at Dahej in Gujarat. “SBI Caps was the lead arranger of the debt and we hope to sign the agreements for the syndicat…

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The Anglo-Asian group says it took a hit of US$10.6bn owing to goodwill impairment on its North American personal financial services operations Excluding the write-down, HSBC says its 2008 pre-tax profit fell 18% to US$19.9bn. …

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