Confidence Petroleum India Ltd has informed BSE that against the prestigious Orders worth Ra. 164.36 Crores (Rupees One Hundred Sixty Four Crore & Thirty Six Lakhs) for supply of 1371101 LPG Cylinders of capacity 14.2 KG & 19 KG, the Company has started supplying LPG cylinders t…

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The Commonwealth Games Organising Committee today said it has roped in auto major Tata Motors as the official motor transport sponsor for the forthcoming games and will source different vehicles from the firm’s stable. “We are delighted to welcome Tata Motors to our sponsor …

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Cenlub Industries posted a increase of 78.83% in its Sales (quarter ending) Net profit of Cenlub Industries rose 135.29% to Rs 0.40 crore in the quarter ended June 2010 as against Rs 0.17 crore during the previous quarter ended June 2009. Sales rose 78.83% to Rs 5.83 crore in the quarte…

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State-owned NTPC has scrapped its plans to set up a 4,000-MW power plant in Uttar Pradesh over differences with the state government, and instead moved the coal-fired project to Barethi in Madhya Pradesh. The Madhya Pradesh government has assured land, water and fuel for the project and …

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MUMBAI: Life Insurance Corporation of India has hiked its stake in private telecom services provider Bharti Airtel to 5 per cent after acquiring shares worth Rs 13.17 crore. LIC has purchased 5 lakh shares, representing a 0.013 per cent stake in Bharti Airtel, for Rs 13.17 crore through …

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The boards of two Anil Ambani-led power majors, Reliance Natural Resources and Reliance Power, on Sunday approved the merger of the two companies in a 4:1 share swap ratio. RNRL shareholders will get one Reliance Power shares for every four held. However, the exchange ratio will be based…

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Rs 1,366-crore sale will help the bank meet new promoter shareholding norm. Kotak Mahindra Bank will sell 4.5 per cent equity to Sumitomo Mitsui Banking Corp for Rs 1,366 crore, a move that will help the bank boost its capital adequacy and meet a Reserve Bank of India requirement on prom…

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Anil Dhirubhai Ambani Group plans to sell a stake in Reliance Communications’ telecoms tower unit to GTL Infrastructure and a private equity investor, a newspaper reported today. The sale in Reliance Infratel will be through a combination of cash and stock, the paper said citing ba…

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Anil Ambani group today decided to separate tower business of its telecom arm Reliance Communications to create an independent firm, saying it was in advanced stage of talks for stake sale in the new entity. The purpose of creating a separate firm is to secure business from other telecom…

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MUMBAI: Foreign fund house Goldman Sachs Investment Partners Mauritius on Tuesday picked up 6 per cent stake in the leading low-cost airline SpiceJet by converting the 1.5-crore warrants it has purchased from the airline in December 2008 into equity. The airline has allotted 1.53 crore s…

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