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Posted on: September 19th, 2009 and is filed under Stock News.

This IPO will be game-changer for shipyard industry: Pipavav

ET: The initial public offer of India’s largest dockyard Pipavav Shipyard was oversubscribed by 8.24 times with the retail segment getting oversubscribed by two times on Friday the day of the closing. Data with the stock exchanges shows that the QIB segment was subscribed 10.63 times, …

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Posted on: September 16th, 2009 and is filed under Stock News.

Pipavav Shipyard IPO fully subscribed in first hour

The initial public offer (IPO) of the private sector shipbuilder, Pipavav Shipyard, today got fully subscribed in the very first hour of its first day of subscription.Pipavav Shipyard, which expects to raise as much as Rs 513 crore through its public offer, received bids for 76.33 million…

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Posted on: September 14th, 2009 and is filed under Stock News.

Pipavav to foray into warship production

Private shipbuilder Pipavav is planning to foray into warship production and has bid for building seven vessels for the navy. Most Read Jet Airways pilots end agitation ‘Jet Airways lost around Rs 200 cr in five-day stir’ ‘Gold prices may touch Rs 18,000 per 10 gram&…

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Posted on: September 14th, 2009 and is filed under Stock News.

Yes Bank to raise $250 m this fiscal

New Delhi: Yes Bank on Monday said it would raise $250 million in the current fiscal by private placement of shares and through bonds issue. As part of its fund raising plans, French financial institution Proparco will invest $20 million in the bonds of Yes Bank. This is for the first ti…

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Posted on: September 14th, 2009 and is filed under Stock News.

Areva T&D receives order worth Rs760mn

The company got order for turnkey design and construction of a 400 kV Air Insulated Substation at Nawada, near Faridabad. AREVA’s T&D division has won an order from Haryana Vidyut Prasaran Nigam Ltd (HVPNL), for turnkey design and construction of a 400 kV Air Insulated Substat…

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Posted on: September 13th, 2009 and is filed under Stock News.

Seven of top-10 companies add Rs 81000 crore in m-cap; NTPC loses most

MUMBAI: As many as seven of the top-10 firms added more than Rs 81,000 crore to their market capitalisation during the week, while three Markets Long term plan for better returns Volatility in the stock markets Measuring market volatility Ten hot money-spinners in India Should you …

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Posted on: September 9th, 2009 and is filed under Stock News.

Bharti, MTN in early agreement on tie-up: Report

LONDON: Mobile-phone company Bharti Airtel and South Africa’s MTN have reached a preliminary agreement for their planned $24 billion share and cash swap, Bloomberg reported on Wednesday. However, Bharti Airtel denied that any agreement has been reached with MTN and said that discuss…

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Posted on: September 7th, 2009 and is filed under Stock News.

Tech Mahindra bags $400mn Etisalat order

NEW DELHI: Etisalat DB Telecom and its subsidiary today awarded a contract to Tech Mahindra under which the IT solutions firm will manage the IT applications and infrastructure requirements of the telecom firm. The contract is for the proposed roll out of Etisalat’s telecom service…

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Posted on: September 7th, 2009 and is filed under Stock News.

L&T eyeing DBS Chola’s India fund operation: Report

MUMBAI: The financial services unit of Larsen & Toubro Ltd is in talks to buy Cholamandalam DBS Finance’s domestic mutual fund operation, two sources familiar with the matter said. “We are working on their behalf,” one source said, referring to L&T Finance, a …

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Posted on: September 5th, 2009 and is filed under Stock News.

Bhushan Steel buys Aussie exploration firm

Ups stake to 60% in Australia’s Bowen Energy, which has large prospecting licence for thermal and coking coalBhushan Steel (Australia), part of Delhi-based cold roller, Bhushan Steel group, has acquired a 60 per cent stake in Australian exploration company, Bowen Energy. Bowen Energy ha…

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