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Ramzan Id… BSE, NSE closed on Monday

Posted on: Sunday, September 20th 2009 and is filed under Market News.

On Friday, Sensex gained 30 points to end at 16,741 while Nifty added 10 points to shut shop at 4,976. The market will have a much needed rest due to an extended weekend on account of Ramzan Id. On Friday, the BSE Sensex gained 30 points or 0.12% at 16,741 after touching a high of 16,76...

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Birla to up stake in Hindalco

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

Novelis to make operational profit from 2012-13, says Kumar Birla at AGM. Aditya Birla Group Chairman Kumar Mangalam Birla plans to increase his shareholding in aluminium producer Hindalco Industries from open market purchases. He did not specify the timeframe or amount of stake that he w...

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

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

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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Recession made IT majors rethink biz models: KPMG

Posted on: Friday, September 18th 2009 and is filed under Press Releases.

The preceding economic recession has led corporates and IT majors rethink and redesign business models for further improvement in terms of impact on organisational performance through better alignment from the planning stage, a survey by leading auditing firm KPMG said. The report, title...

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Dull market…Sensex manages modest gains

Posted on: Friday, September 18th 2009 and is filed under Market News.

Sensex gained 20 points or 0.12% at 16,731 while, Nifty gained 10 points to shut shop at 4,976. The BSE Sensex gained 30 points or 0.2% at 16,741 after touching a high of 16,765 and a low of 16,610. The index opened at 16,650 against the previous close of 16,711. The NSE Nifty gained 10 ...

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‘Current market rally’s not a sustained recovery’

Posted on: Friday, September 18th 2009 and is filed under Market Outlook.

By invite: Manish Chokhani:- The current hype over ‘green shoots’ and the prevailing investor complacency due to abundance of liquidity tend to disguise a darker economic reality. The world economy and markets are merely rebounding after falling off a cliff; a bounce, therefore, shoul...

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