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Hanung Toys & Textiles spurts on ban on Chinese toys

Posted on: Tuesday, January 27th 2009 and is filed under Stock News.

The stock ended 18.16% higher at Rs 28.95 yesterday, 27 January 2008. Meanwhile, the BSE Sensex was up 166.75 points, or 1.85%, to 9170.83 On BSE, 8.18 lakh shares were traded in the counter. The stock hit a high of Rs 33.45 and a low of Rs 30.05 so far during the day. ...

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Over 70,000 job cuts announced in a single day

Posted on: Tuesday, January 27th 2009 and is filed under Press Releases.

Chicago: The deepening global economic recession claimed over 70,000 jobs in a single day, with six companies, ranging from manufacturing to telecom across the US and Europe, announcing job cuts as part of a cost cutting measures to grapple with the slump in consumer spending. With the bl...

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Maytas may bag Bhutan hydropower project

Posted on: Tuesday, January 27th 2009 and is filed under Press Releases.

Thimphu: India’s infrastructure and construction firm Maytas Infra, promoted by the family of Satyam Computers’ founder B Ramalinga Raju, may bag the construction rights of Bhutan’s Dagachu Hydropower Plant as it emerged as the lowest bidder for the project. ...

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ICICI Bank Q3 net profit seen down 11.56% at Rs 1088.1 cr

Posted on: Tuesday, January 27th 2009 and is filed under Stock News.

ICICI Bank is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going down by 11.56% to Rs 1,088.1 crore from Rs 1,230.3 crore, YoY. Net interest income, NII is expected to go up by 7.25% to Rs 2,101.81 crore from Rs 1,959.7 crore. ...

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Intraday calls for 27-01-09

Posted on: Tuesday, January 27th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets are likely to be volatile today, RBI meet today and markets nearing expiry. Buy Mukta Arts at 54.50, target: 56.70. Stoploss: 53. If markets see weakness later during the day, short sell: Great Offshore below 235. Stoploss: 238 ...

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Weekly Review for the Week January 27th – 30th 2009: Prakash Gaba

Posted on: Monday, January 26th 2009 and is filed under Market Outlook.

Sensex: (8674) Nifty: (2679) 23.1.09 Prakash Gaba: We said ‘Technically the market is still weak but has found supports near the psychological 9000 mark and is likely to be hold out and now if it trades above 9400 then we likely to see even level of 9708-9988 but if 8845 goes then it...

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Satyam’s Rs 5,000 cr cash disappeared in a quarter

Posted on: Monday, January 26th 2009 and is filed under Press Releases.

New Delhi: Bank statements show that Satyam had funds of over Rs 5,000 crore as of September 2008, but by January 2009 when company founder Ramalinga Raju admitted to fudging accounts the IT firm could have been left with just Rs 200 crore of maturable fixed deposits. ...

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LIC to pump in Rs 4K cr more in stock market by March

Posted on: Monday, January 26th 2009 and is filed under Press Releases.

NEW DELHI: The Life Insurance Corporation is all set to pump in an additional over Rs 4,000 crore (about one billion dollar) in the equity market by March 2009, a move that could bolster the volatile bourses. “We have made investment of Rs 31,000 crore till December and it may cross...

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Promoters rush to get back pledged shares

Posted on: Monday, January 26th 2009 and is filed under Press Releases.

MUMBAI: Fearing investor backlash in the wake of SEBI’S recent directive on pledged shares, promoters are scrambling to redeem the shares they have pledged with financiers from whom they have borrowed funds. Early last week, the market regulator had ruled that promoters will have to dis...

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D-Street to rally on expectations from RBI’s policy review

Posted on: Monday, January 26th 2009 and is filed under Market Outlook.

The Dalal Street is likely to witness a brief rally in the days ahead, as the stock market heads towards consolidation amid expectations that the Reserve Bank of India (RBI) will announce positive measures in its policy review tomorrow.”With the RBI expected to announce rate cuts fa...

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