MUMBAI: Fearing investor backlash in the wake of SEBI’S recent directive on pledged shares, promoters are scrambling to redeem the shares they have pledged with financiers from whom they have borrowed funds. Early last week, the market regulator had ruled that promoters will have to dis…

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Following is a list of investments made by Mutual fund and Foreign Institutional Investor till 16-January 2009. The below mentioned figures and in crores.. …

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The Rs 7000-crore accounting fraud at Satyam Computer Services raises concerns of corporate governance in Indian companies Just as it was recovering, IT major Satyam Computer Services’s explosiverevelations send the market on a southward spiral. Satyam’s shares plunged 77.69% in a si…

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PARIS: The British economy officially entered a recession in the fourth quarter, according to data released Friday, while in Spain, half a million more people lost their jobs during the period, pushing the unemployment rate there to the highest level in more than eight years. British gro…

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New Delhi: Prime Minister Manmohan Singh was wheeled into the operation theatre of the All India Institute of Medical Sciences (AIIMS) Saturday morning for a heart surgery that could last several hours, hospital authorities said. “The prime minister was taken to the OT at about 7.3…

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Punj Lloyd Ltd has announced the Unaudited financial results for the quarter ended December 31, 2008. The Company has posted a net profit of Rs 893.30 million for the quarter ended December 31, 2008 as compared to Rs 391.60 million for the quarter ended December 31, 2007. Total Income has…

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Container Corporation of India Ltd has announced the Unaudited financial results for the quarter ended December 31, 2008. The Company has posted a net profit of Rs 2062.950 million for the quarter ended December 31, 2008 as compared to Rs 1929.141 million for the quarter ended December 31…

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Mumbai: Mumbai-based Everest Kanto Cylinder Ltd (EKC), the industrial and compressed natural gas (CNG) cylinders maker, will be entering city gas distribution in Kolkata. It is in the final stages of negotiations for a majority stake in Kolkata-based Calcutta Compressor and Liquefaction L…

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With an extended weekend ahead of us, all eyes would be on the RBI policy on the 27th Jan Tuesday. Markets yet again ended the trading session with losses on Friday led by fall in the index heavyweights like ICICI Bank, SBI, Infosys and L&T. The BSE benchmark Sensex slipped 139 point…

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State Trading Corporation of India net profit declines 26.76% in the December 2008 quarter Sales rise 25.04% to Rs 5984.48 crore GIC Housing Finance net profit declines 33.16% in the December 2008 quarter Sales rise 17.70% to Rs 79.38 crore. …

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