MUMBAI: Vishal Retail has posted a 22 per cent increase in its net profit at Rs 18.08 crore for the six months ended September 30. The company had a net profit of Rs 14.72 crore in the corresponding quarter a year ago, the city-based firm said in a filing to the Bombay Stock Exchange. …

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MUMBAI: Domestic brokerage firm Religare Enterprises on Thursday said that it has fixed the rights issue price at Rs 355 a share to raise about Rs 1,802 crore. The board of directors have approved a rights issue of shares in 2:3 ratio, wherein two equity share would be issued for every th…

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NEW YORK: Wall Street was feeling more upbeat Thursday after a government report showed the economy contracted in the third quarter by less than expected and after the Federal Reserve’s second interest rate cut in a month. The major stock indexes jumped more than 1.5 percent, includ…

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MUMBAI: Software services provider Patni Computer Systems on Wednesday said that it has bought around 1.09 crore shares worth Rs 237 crore from the open market under its buyback offer. The company purchased 1.09 crore shares, of face value of Rs 2 each, at an average buy back price of Rs…

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Shares of Suzlon have dropped by over 11% on the back at heavy selling witnessed in this counter. At 3:18pm (IST), the stock was quoting at Rs46.6 after hitting an intra-day high of Rs55 and a low of Rs45 and has recorded volumes of over 25,00,000,shares on NSE. …

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MUMBAI: Shares of Mahindra & Mahindra on Wednesday posted a lower-than-expected 20.6 per cent drop in quarterly net profit that was hurt by high raw material prices. Mahindra, which aims to enter the United States with a pick-up truck and a sport utility, said net profit fell to Rs 2…

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Real estate major Unitech has finalised its deal to offload stake in its telecom arm Unitech Wireless to Norwegian telecom giant Telenor. UNitech will inform the stock exchanges later today. Unitech is likely to sell its 43% stake for around 1 billion dollars. …

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MUMBAI: Consumer finance major, Shriram City Union Finance bucked the overall market trend to close with a gain of about 5.5 per cent as against the Sensex decline of 2.2 per cent. This was after The Economic Times reported that global buyout firm TPG is buying 55 per cent stake.. …

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MUMBAI: State Bank of India, on standalone basis, has posted a net profit of Rs 2259.72 crore for the quarter ended Sep 30, 2008 against Rs 1611.42 crore in the same quarter of 2007. Interest earned stood at Rs 15566.50 crore against Rs 11616.28 crore previous year. Interest expended was …

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MUMBAI: Share price of Unitech sky rocketed over 30 per cent to Rs 41.2 after the company clarified that it has been “slightly hit” by the rise in interest rates and also said that the developer hasn’t defaulted on payments or cut jobs. The stock touched a high of Rs 43.70 and l…

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