Housing Development & Infrastructure Ltd (HDIL), a Mumbai-based property developer, will sell shares worth $600 million (Rs 2,880 crore) to institutional buyers to reduce debt on its books, a top company official has said. The move comes in the wake of nearly 33 per cent rise in the…

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Satyam Computer Services’ has more than 10,000 excess staff, new owner Tech Mahindra said on Friday, and the fraud-hit outsourcer’s chairman said revenues remained on a downward slope. Vineet Nayyar, the chief executive of Tech Mahindra which last month won an auction for a controlli…

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In a country where the ‘aam admi’ almost invariably gets a raw deal, Midas Touch Investors Association stands out as an exception. The Kanpur-based NGO has long championed the cause of small investors. It fought on their behalf against ‘vanishing companies’ (companies that took in…

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MUMBAI: The euphoria on Dalal Street following UPA’s victory at the general elections refuses to die down. Market watchers are of the view that the political developments at the Centre have been governing market moves and investors keenly await the formation of the new Cabinet, which is…

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Stock indices rose, with the Bombay Stock Exchange Sensitive Index, or the Sensex, posting its highest weekly gain in 17 years.The Sensex closed at 13,887.15 points, up 150.61 points or 1.1 per cent. The S&P CNX Nifty gained 27.60 points, or 0.66 per cent, to close at 4238.50. Over th…

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Trading action shifted to small and mid-cap stocks. Hence, as expected, the Nifty closed below 4,300 levels at 4,270. It is difficult to predict the index movement from the current level as the overall trend is up. The Nifty June futures closed at 4,299, 30 points premium to the spot, whi…

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Markets would continue to remain under pressure as the whole elections is a bit overdone. Though the convincing win for the UPA has been greeted with cheers, the road to recovery will not be a smooth one. It was the second straight trading session of losses for the Sensex. Along with the…

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Recently-introduced New Pension Scheme (NPS)from PFRDA India has generated a lot of interest among people about retirement planning—especially among those employed in the private sector without a pension cover for retirement. Consultants say most queries about NPS often turn to question…

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MUMBAI: Benchmark indices ended lower on profit booking Wednesday but aggressive buying in broader markets saw a sharp rise in broader markets. Bombay Stock Exchange’s Sensex ended at 14,041.34, down 260.69 points or 1.82 per cent. The index touched an intra-day low of 13976.49 and hig…

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CHENNAI: The 2,111-point surge on ‘Magnificent Monday ’ pushed the Indian stock market ahead of competition as the best performing market across the world, giving investors an astounding 48% gains in 2009. With factors like the government’s stability and the Left’s clipped wings,…

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