Mumbai: Mold Tek Technologies Ltd on Thursday said it has signed a pact to acquire the assets and business of US company, RMM Global, Ohio, and TechNet Engineering Services, Mumbai for $700,000. RMM and TechNet provide structural steel detailing services for clients in the US, the compan…

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Mumbai: UTI Asset Management is close to selling a 26 per cent stake for $175-$200 million to one of at least four investors and private equity firms, valuing the firm at 7-8 per cent of end-January average assets, banking sources said. …

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MUMBAI: Much beyond what benchmarks can reveal, fifty-one sectors, out of a broader group of 66 industrial sectors, have got devalued over the past 13 months, well below their narrowly-represented market indicators. While the collective valuation of BSE companies declined over 58% durin…

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The cabinet on Wednesday approved a government proposal to infuse Rs 38 billion into three state-run banks in two tranches spread over FY09 and FY10, Home Minister Palaniappan Chidambaram said. UCO Bank will get 12 billion rupees in fund infusion– 4.5 billion rupes in FY09 and the r…

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By Kevin Plumberg, Asia Asset Allocation Correspondent HONG KONG (Reuters) – A crash in Asian exports has led to a rise in bad loans and a slump in credit growth in the region’s economies, trends that will crucially prevent them from becoming more independent of developed wor…

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WASHINGTON (AP) — Moving with lightning speed, the Democratic-controlled Congress and White House agreed Wednesday on a compromise $790 billion economic stimulus bill designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the measur…

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New Delhi: Even as a few customers have left in the wake of the financial fraud committed by its erstwhile promoter, Satyam Computer said on Wednesday that it is continuously getting new software services orders and existing clients have showed faith in the company. Satyam Computers said …

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The Bombay Stock Exchange benchmark Sensex fell by over 187 points in early trade on Wednesday, snapping its three-session rising streak on heavy selling by funds, following a weak global trend as US government’s latest financial rescue plan disappointed investors across the world. …

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For the last couple of days most railways related stocks have been buzzing around. Umesh Choudhary, MD, Titagarh Wagons said r ailway traffic has been doing reasonably well. He feels this would be the right time to add capital assets to the company as steel prices are lower. He informed C…

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MUMBAI: Tata Tea said one of its promoters — Tata Sons — has pledged 11.32 per cent stake in the company with lenders In a disclosure to the Bombay Stock Exchange, Tata Tea said its main promoter Tata Sons has pledged 70 lakh shares, representing 11.32 per cent stake in the co…

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