MUMBAI: SEBI has turned down Natco Pharma’s request to give cash to employees who are ready to forgo their entitlement of stock options. The origin of the case goes back to 2004 when Natco Pharma granted six lakh stock options to its employees at Rs 10 per share. …

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MUMBAI: Promoter groups have pledged more than 90% of their holdings in 27 companies, shows an ETIG study based on disclosures made by 467 listed firms. Well-known listed companies in this category include Kirloskar Electric, JP Hydropower, ERA Infra Engineering and Micro Inks. …

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MUMBAI: Shares of Tata Motors rose on Thursday on reports that the company would be launching its most awaited low-cost car Nano later in March. Tata Motors said the Tata Nano will be launched in Mumbai on March 23. The car drew global attention for being the cheapest at around Rs 100,00…

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MUMBAI: Indian equities were witnessing a dull session and were in a narrow range on Thursday on account of February F&O series expiry. Banks, realty and metal stocks were the worst hit while auto and IT were modestly higher. …

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New Delhi: Tata Motors on Thursday, said it will launch Nano, touted as the world’s cheapest family car, on March 23 in Mumbai and bookings will start from April this year. The car was unveiled at the auto expo in Delhi in January 2008 and a function on March 23 would mark the car&…

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NEW DELHI: With investment opportunities in stocks and realty waning due to the global economic meltdown, gold prices are likely to touch Rs 17,000 per 10 grams by August, an industry body said today. Similarly, silver prices would also soar to Rs 24,000 a kg by the same time, as assessme…

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Angel Broking has come out with its report on third stimulus package. The government announced a 2% cut in Excise Duty and Service Tax rate with the intention of boosting consumer demand and providing some relief to the industry reeling under the impact of slowdown. …

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Indiabulls Securities Research has downgraded its rating from hold to sell on National Aluminium Company with a target price of Rs 149 in its February 24, 2009 research report. “National Aluminium Company Limited (NALCO) reported a weak set of numbers in Q3’09, mainly on account o…

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MUMBAI: Kotak Securities has upgraded its call to ‘ACCUMULATE’ on Gujarat State Petroleum and expect it to appreciate 25 per cent for a target price of Rs 40. The brokerage had earlier recommended a ‘REDUCE’ call in January. …

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MUMBAI: Life Insurance Corporation of India hiked its stake to 9.98 per cent in state-run GAIL through open-market transaction as well as bonus allotment. In a disclosure on the Bombay Stock Exchange , Gail India said LIC has purchased over 5.92 crore shares representing two per cent stak…

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