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Unitech plans to raise Rs 5,000 cr

Posted on: Monday, December 22nd 2008 and is filed under Stock News.

NEW DELHI: The country’s second largest realty firm, Unitech, on Monday said it plans to raise Rs 5,000 crore through issue of securities. The company’s board, which met today, approved a proposal to raise long-term funds up to Rs 5,000 crore or equivalent amounts in other cur...

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Intraday calls for 22-12-08

Posted on: Monday, December 22nd 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. Buy Lakshmi Vilas Bank for a target of 84. Stoploss: 77.50. Buy C and C Constuctions for a target of 126. Stoploss: 114. Trade minimal. ...

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Oil prices record biggest weekly decline since Gulf War

Posted on: Sunday, December 21st 2008 and is filed under Press Releases.

New Delhi: Crude oil prices are likely to remain at between $45-60 per barrel in 2009 as recessionary trends across the world have reduced demand, five analysts tracking the sector said. ...

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India to find out why global institutions failed

Posted on: Saturday, December 20th 2008 and is filed under Press Releases.

Prime Minister Manmohan Singh on Friday said that while the world’s response to many global challenges have remained national or regional. “The response of the developed countries to the challenges of our times, be it financial crisis or climate change or terrorism, shows that...

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RIL emerges biggest wealth creator in 5 Years

Posted on: Saturday, December 20th 2008 and is filed under Press Releases.

New Delhi: Driven by the strong bull run in the stock market, Mukesh Ambani-led Reliance Industries has been ranked as the biggest wealth creator in the five year period from 2003 to 2008, a latest study compiled by brokerage firm Motilal Oswal says. ...

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Oil rises on strengthening dollar, auto bailout

Posted on: Saturday, December 20th 2008 and is filed under Press Releases.

Oil prices stabilized Friday as the White House’s $17.4 billion auto industry rescue package gave Wall Street a boost and the dollar strengthened against the euro. Light, sweet crude for February delivery rose 69 cents to settle at $42.36 a barrel on the New York Mercantile Exchang...

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Market to remain uncertain

Posted on: Friday, December 19th 2008 and is filed under Market Outlook.

The bulls will hope to Jingle all the way in this Christmas-shortened week. Having said that, the euphoria may prove to be short lived and the markets could turn lower again on concerns about a weakening global economic outlook. ...

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Sector Watch: Telecom

Posted on: Friday, December 19th 2008 and is filed under Market Outlook.

The department of telecommunications (DoT) has released information memorandum providing information and guidelines on the auction of third generation (3G) mobile services and broadband wireless access (BWA) in India. The auction will be held for 3G spectrum in the 2.1 GHz band and for B...

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HDFC cuts home loan rates by 50 bps

Posted on: Friday, December 19th 2008 and is filed under Press Releases.

Mumbai: Housing finance company HDFC Ltd has cut the lending rate by 50 basis points for loans of more than Rs20 lakh for both existing and new customers and introduced a new slab for sub-Rs20 lakh. Loans of up to Rs20 lakh will attract an interest rate of 10.25% and the rates for loans ...

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C&C Constructions bags Rs 781 cr order

Posted on: Friday, December 19th 2008 and is filed under Stock News.

MUMBAI: C&C Constructions Ltd has bagged an order valued at Rs 781 crore for a dedicated freight corridor from New Karwadiya to New Ganj Khwaja in Bihar. This work is of 105 kilometers on the Mughal-Sone section of the Eastern Corridor and has to be competed in 36 months. The proje...

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