Mumbai: GMR Infrastructure on Tuesday said that its one of the promoter group companies, GMR Holdings, has hiked its stake to about 74% after purchasing 3.87 lakh shares from the open market. In a filing to the Bombay Stock Exchange, GMR Infra said pursuant to the share purchase GMR Hold…

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Angel Broking has maintained its buy rating on Satyam Computer Services in its December 30, 2008 research report. “Satyam Computer Services has suffered another blow with three top independent directors quitting. Mr Vinod Dham, Dr Krishna G. Palepu and Prof. Mendu Rammohan Rao have …

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Sensex ended at 9,716 gaining 182 points and the NSE Nifty index ended at 2,979 advancing 57 points. nBulls extended gains to second straight trading session on Tuesday. Firm cues from the Asian markets coupled with buying witnessed in the scrips across the sectors lifted the bourses high…

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MUMBAI: Reliance Communications on Tuesday said it has repurchased bonds worth $25 million from the international market. In a statement to theBSE, RCom said it has bought back 250, zero coupon, foreign currency convertible bonds of $100,000 each at a discount of 52.5% to the conversion p…

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By Peter Coy Here are some of the worst predictions that were made about 2008. Savor them — a crop like this doesn’t come along every year. 1. “A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and kee…

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ICICIdirect.com has recommended to buy Bharat Petroleum Corporation (BPCL) January Future above Rs 391 with a stoploss of Rs 385 and target of Rs 408 and Rs 420 in its December 29, 2008 research report. …

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Ambareesh Baliga of Karvy Stock Broking is of the view that one can expect 5-10% upside in cement stocks. Baliga told CNBC-TV18, “Cement was clearly oversold and that’s the reason why you saw some amount of bounce back and the figures that actually came for last month that also ha…

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Ambareesh Baliga of Karvy Stock Broking feels that in case the existing management remains in the saddle then a level of closer to Rs 100-110 and that should be the valuation for Satyam. …

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Indiainfoline: Bhel recorded its 52-week low of Rs984 levels in October 2008. The share price witnessed a smart pull back rally thereafter to record a high of Rs1,527 in November 2008, before correcting back to Rs1,160 levels. …

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MUMBAI: Life Insurance Corp of India, has increased its equity stake in ABB Ltd, the Indian unit of the global engineering major, by about 2.02%, following an acquisition of the equity stake in an open market transaction. The country’s largest insurer bought 4.27 million equity shar…

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