To have a minimum of 10 stocks, the index will value companies for 2 years. The Bombay Stock Exchange (BSE) On Monday announced the launch of an index to track the value of companies for two years from the date of their listing after their initial public offers (IPOs). This is the first s…

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Here are stocks that are in news today: Results today: HCL Tech FY09 ended June 30 Bharti-MTN deal update: Sources -RoC (Registrar of Companies) to scrutinise proposed GDR (global depositary receipt) issue before final SEBI nod -Alert: Bharti proposes to issue 25% equity through GDRs …

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Rochdale Securities analyst Bove says 150-200 more US bank failures possible in current crisis CHARLOTTE, N.C. (AP) — Banking equities analyst Richard Bove said Sunday that it’s possible 150 to 200 more U.S. banks could fail in the current banking crisis, putting greater str…

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At 15:11pm (IST), Sensex surged 417 points at 15,658 and the NSE Nifty surged 123 points at 4,652. Unabated buying have lifted the NSE Nifty above the 4650 levels led by gains in the index heavyweights like Reliance Industries, ICICI Bank, L&T, Infosys, ITC and HDFC. At 3:13 pm (IS…

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MUMBAI: Poor rainfall in India has prompted brokerages to pick monsoon-proof stocks over perennial defensive favourite Hindustan Unilever, seen hurt by lower rural incomes and spending. Brokerages favour retail stocks such as ITC Ltd and Nestle India, which are less exposed to rural ma…

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Weakness in the US dollar and positive economic data (from the US and Europe) bolsters optimism about economic rebound October crude futures advanced 6.2% this week Oil prices touched a 10-month high on Friday in New York, buoyed by weakness in the dollar and by positive economic data. …

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One very clear lesson of the past year is that a full-blown financial crisis can exact an enormous toll in both human and economic terms. Fed One very clear lesson of the past year is that a full-blown financial crisis can exact an enormous toll in both human and economic terms. By the…

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The IPO closes on September 1, 2009. Jindal Cotex Limited is planning to enter the capital market on August 27, 2009 with a public issue of 1,24,53,894 equity shares of face value of Rs10 each. The price band has been fixed at Rs70 to Rs75 per share. The IPO closes on September 1, 2009….

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Sajjan Jindal-led JSW Energy is looking to come out with its initial public offering (IPO) in the next two months to raise about Rs 3,000 crore for partly funding its expansion plans. “Provided we get the necessary regulatory approval, we may come out with an IPO in the next two mo…

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Sahara Prime City, part of Subrata Roy-led Sahara group, is planning to raise up to Rs 5,000 crore by year-end through an initial public offer (IPO), for which it will approach market regulator Sebi later this month. The company is believed to have engaged a number of investment bankers, …

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