Mumbai: Private sector carrier Jet Airways’ net loss widened today to Rs 214.18 crore for the third quarter ended December 31 from Rs 91.12 crore in the year-ago period. The Naresh Goyal-led firm told in a filing to the Bombay Stock Exchange that total income rose 24.60 per cent to…

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Mumbai: Reliance Industries, which is fighting off a case by Anil Ambani promoted Reliance Natural Resources, in the Bombay High Court over gas supply, completed its five-day argument on Friday. The two-year-old case is heading towards a judgement as RNRL has said it will only need two d…

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NEW DELHI: HDFC Chairman Deepak Parekh, a member of the newly constituted Satyam board, said that the “Ram Myanpati is in contact with the new Satyam board and the rumors that he has fled India is wrong.” Ram Myanpati, a whole time director of Satyam for the last two years, was right…

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Rakesh Jhunjhunwala has added 19888 shares of TITAN in the name of Jhunjhunwala Rakesh Radheshyam and 1,44,112 shares in the name of Jhunjhunwala Rekha Rakesh. Rakesh Jhunjhunwala now holds 8.37% equity if Titan Industries. …

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India’s largest IT services provider Tata Consultancy Services recorded a net profit (consolidated Indian GAAP) of Rs 1,362 crore for the quarter ended December 31, 2008 — up 2.68 per cent over the corresponding quarter figures of Rs 1,327 crore in FY07.The net profit figure, …

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Reliance Industries (RIL) said it will begin exporting fuel from its new SEZ refinery in Jamnagar this month and is considering setting up refinery projects across the world.”During the course of this month, products (from Reliance Petroleum) will be sold,” said P Raghavendran…

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The coal-fired power plant Barh II is situated 75 km southwest of Patna in the state of Bihar. Siemens Energy has received a contract from its Indian licensee Bharat Heavy Electricals Ltd. for the supply of one steam turbine-generator and components for a second turbine. The customer is t…

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Mukesh Ambani-led Reliance Industries’ (RIL) lawyer today told the Bombay High Court that the company had not signed a memorandum of understanding (MoU) with Anil Ambani’s group firm Reliance Natural Resources (RNRL) for gas supply.The MoU says the gas supply agreement is with…

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Investors have lost a whopping Rs 13,600 crore ($2.82 billion) in Satyam shares in less than a month, since the skeletons started tumbling out of the company’s cupboards.The market capitalisation of Satyam fell to Rs 1,607.04 crore today from Rs 15,262 crore at the end of trade on D…

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Satyam Computer is not the only Ramalinga Raju family-promoted company that fudged their books, but Maytas Infrastructure also seems to have mis-represented its financials. The difference, however, lies in Satyam over-stating its revenue, cash position and profits, while Maytas Infra unde…

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