IT firm KLG Systel today said it has bagged an order worth Rs 132 crore from the Punjab government for commissioning of power stations. In a filing to the Bombay Stock Exchange, the firm said its power system solution division has won the contract from Punjab State Electricity Board. Unde…

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MUMBAI: Alkali Metals recovered from a weak listing to surge 63 per cent to Rs 167.85 on the BSE at 1:02 pm on Thursday. The high so far is Rs 169.70.The stock had listed at Rs 90, a discount of 12.62 per cent to its issue price of Rs.103 per share. The company had come out with 1.01 cror…

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In all, the financial crisis cost the French major about €1.7bn in provisions and asset writedowns, excluding €123mn of gains from its own debt BNP Paribas said on Wednesday that its third-quarter profit slumped 56%, as provisions for risky loans shot up in the wake of the collapse of…

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he move aims at improving the profit margin amid falling demand for polyester products worldwide Reliance Industries (RIL) has reportedly shut down five of its seven polyester and petrochemical units at Patalganga. The move aims at improving the profit margin amid falling demand for polye…

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ArcelorMittal Q3 net sales up 38% yoy to US$35.2bn. EBITDA of US$8.6bn, up 76% compared with Q307. ArcelorMittal, the world’s leading steel company, has announced results for the three and nine-month periods ended September 30, 2008. Highlights for the three months ended September 30, 2…

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Shares of IVRCL Infra have rallied by over 20% to Rs146 after the promoters of the company purchased ~29,500 equity shares of the company through open markets in the month October. The scrip has touched an intra-day high of Rs152 and a low of Rs126 and has recorded volumes of over 50,00,0…

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Their beneficial holding is currently an aggregate of 147,420 Axon shares, representing around 0.2% of the existing issued share capital of the UK company. HCL Technologies Ltd. said on Tuesday that Axon Group Directors (other than Royston Hogarth) and a key employee of Axon have entered …

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Religare Enterprises Limited (REL) one of the leading integrated financial services groups of India, confirmed that it has agreed to acquire Lotus India Asset Management (Lotus India AMC) from the majority shareholders, Alexandra Fund Management (an affiliate of Fullerton Fund Management …

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KEC International Ltd. has bagged three orders worth Rs2.35bn. The company has bagged an order worth Rs1.35bn from the Ministry of Energy and Water (MEW), Afghanistan; a Rs90mn contract from Power Grid Corporation of India Ltd. (PGCIL) and a Rs10mn order from the Chhattisgarh State Electr…

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Ess Dee Q2 revenues increase by 64% to Rs1.25bn from Rs763.4mn Ess Dee Aluminium Ltd, one of India’s largest providers of pharma packaging solutions, has announced its results for the quarter and half year ended 30th September 2008. Q2 FY09 results compared with Q2 FY08 results:.. …

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