New Delhi: Bharat Heavy Electrical Ltd on Monday said it would set up a joint venture with Kerala Electrical & Allied Engineering Company Ltd for manufacturing products for railways and other industries.The JV will cater to core sectors like transportation, renewable energy and some …

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Stocks in news: Indian ADRs: Satyam up 6%, Tata Motors down 5%, ICICI Bank down 3%, HDFC Bank down 1% SEBI Chairman says -Listed Cos Must Declare Dividends On Per Share Basis -Timeline For Bonus Issues To Be Reduced …

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Sends team to discuss share auction with Sebi today Satyam board to sell stake via auction.Firming up plans to acquire 51 per cent stake in scam-tainted Satyam Computer Services, industrialist B K Modi-controlled Spice Group is sending a team to start negotiations. …

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NEW DELHI (Reuters) – DLF Ltd, India’s top listed real estate firm, hopes to raise 20-25 billion rupees ($408-510 million) from private equity investment in its property trust in the March quarter, its vice-chairman said on Monday. …

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As prospective bidders for crisis-ridden Satyam Computer Services start lining up, industrialist BK Modi’s Spice Communication joined the fray to buy out the troubled IT firm. Modi, however, made it clear that the telecom group would be interested in buying out Satyam and that it was no…

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Davos: NRI business leader Gopichand Hinduja has said scandals such as the one in Satyam Computer will continue to haunt developed and developing countries, although this particular scam may have happened because the IT firm’s founder Ramalinga Raju managed to outsmart the regulator…

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Mumbai: Amidst the hullabaloo over the affairs at Satyam Computer Services and reports of clients courting its rivals, the company’s sales team is learnt to have worked quietly to close about 15 deals. Around 80% of the deals are with new clients, a company source said. …

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Davos, Switzerland: Wipro Ltd expects demand for new software and systems to stagnate for up to two years as a result of the global economic slowdown, a top executive said on Saturday. In response, Wipro plans to focus on providing operations services and helping clients cut costs, Wipro …

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In June last year, it was among the most aggressive buyers of state-owned banks. Less than a year since, The Children’s Investment Trust, or TCI, has whittled down its exposure to these stocks considerably. And in a few cases, the trust has exited its investments altogether. On Thursday…

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MUMBAI: Although Siemens net sales for the first quarter ended December 2008 declined by 14 per cent to Rs 162894.55 million against Rs 191442.59 million year ago, net profit soared 67 per cent to Rs 33058.04 million as against Rs 19705 million previous year. The company’s operating…

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