The total debt of cash-strapped Dubai could be as much as $170 billion, much higher than earlier reported, according to a report by EFG-Hermes regional investment bank. “The total debt held by Dubai Inc could well be in the range of $130-170 billion,” the bank said in its 201…

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Keen to expand its operations abroad, state-owned telecom operator MTNL today said it is keen on entering Africa either by getting a new licence or buying out an existing operator. “We have already earmarked Rs 500 crore last year for the purpose… But funds are not an issue&#…

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Vascon Engineers Ltd is planning to raise close to Rs 200 cr through an initial public offering (IPO) of 10.8 million shares, according to its top official. The firm will use IPO proceeds to fund ongoing projects and repay debt, but Vasudevan said, he was yet to decide about engaging an…

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The last week, Nifty ended flat at 5,252 also Sensex manged to close flat at 17,554. The Sensex made a high of 17,777, and a low of 17,276 over the week. India’s inflation stood at 7.31% for December 2009 as compared to 4.78% for the previous month. This could add pressure on the RBI t…

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With bank FDs offering little, the risk-averse need to check company deposits or even balanced MFs. With inflation on the rise, risk-averse investors who prefer parking their money in bank fixed deposits will soon find themselves in a fix. The returns on offer from banks are now quite l…

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BANGKOK (AP) — Asian stock markets rose Thursday as fears diminished about China’s lending curbs and Australia’s economic recovery showed new signs of gathering momentum. Benchmarks from Tokyo to Seoul gained 1 percent or more while oil inched toward $80 a barrel after …

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Backed by government stimulus measures and a low base effect, growth in industrial output touched a two-year high in November 2009. The index of industrial production (IIP) grew 11.7 per cent, primarily due to growth in manufacturing (12.68 per cent in November as against 2.7 per cent las…

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Invest Rs 1 lakh in property or stocks and double it in six months’. Many would have received variants of this SMS in recent months. Many would have even called back the sender, to find there are property or auto or stock schemes which offer such amazing returns. Sadly, while some are …

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Plans to use Rs 3,000-cr cash reserve for acquiring assets. Great Eastern (GE) Shipping, India’s largest private sector shipping company, once again plans to acquire ships. This, after selling no less than 15 ships, as well as cancelling orders for three new ships in the last 18 months…

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India Inc is likely to post 15-20 per cent growth in net profit in the third quarter, thanks to a low base year and a promising show from automobiles, capital goods, construction, metals, pharmaceuticals and sugar companies. The telecom sector, for the first time after several quarters of…

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