State Trading Corporation of India net profit declines 26.76% in the December 2008 quarter Sales rise 25.04% to Rs 5984.48 crore GIC Housing Finance net profit declines 33.16% in the December 2008 quarter Sales rise 17.70% to Rs 79.38 crore. …

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Information technology firm Oracle Financial Services Software spurted 8.60% to Rs 489.55. It topped the gainers in the BSE’s A group. The company will declare its Q3 results on 27 January 2009. Drug maker Cipla soared 7.98% to Rs 186.65. It was the second biggest gainer in A group….

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Stocks in news: Indian ADRs: Infosys down 5%, ICICI Bank down 4%, ICICI Bank down 4%, Tata Motors down 1% Alert: Interim Rail Budget on February 13 Results today: Edelweiss, HCL Tech, Indiabulls Fin, Punj Lloyd, Reliance Communication, RNRL, Tech Mahindra …

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Mumbai: Billionaire Mukesh Ambani-run Reliance Industries on Thursday beat market forecast to report better-than-expected profits on earning more than average margins on refining oil, despite extreme volatility in prices. Reliance posted a 10 per cent decline in net profit to Rs Rs 3,501 …

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HYDERABAD: Maytas Infra on Tuesday denied any nexus with Satyam, a day after Corporate Affairs Minister Prem Chand Gupta said the investigations into Satyam fraud had informed about apparent nexus between IT company and Maytas. “We strongly refute this (nexus) allegation against the…

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The new board of Satyam Computer Services today confirmed it received buyout proposals from both Indian and foreign firms besides a favourable response from banks for credit to meet the company’s cash requirements.“All I can say, we have been approached by potential buyers”, boa…

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The Tata group’s joint venture with Sasol of South Africa, and Jindal Steel and Power have pipped Reliance Industries (RIL) and state-run GAIL to the post and got shortlisted for the prestigious $6-8 billion project to convert coal into liquid petroleum.An Inter-Ministerial Group th…

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MUMBAI: Three months since its buyback programme got underway, real estate major DLF has so far bought back shares only worth Rs 86 crore. The company has allocated Rs 1,100 crore for the buyback scheme, which will close on July 9 this year. Unlike many other companies which stepped up t…

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New Delhi: Satyam promoters and top officials may have indulged in insider trading, according to preliminary investigation into the Rs 7,800 crore fraud in the Hyderabad-based IT company, sources in the Ministry of Corporate Affairs said on Monday. Insider trading is among a whole series…

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Mumbai: Anil Ambani controlled Reliance Natural Resources on Monday said it is ready to let Reliance Industries start production of gas as long as it is sold only to NTPC and government companies. “Let it be used by NTPC since they have a prior right (according to 2004 agreement) a…

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