Satyam Computer Services, India’s fourth-largest IT services provider, today said its board has approved the purchase of 51 per cent in Maytas Infra and buy out of Maytas Properties. The outflow for the deals would total around Rs 7,680 crore. Family members of Satyam Chairman Ram…

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Mumbai: Infrastructure developer IVRCL Infrastructures and Projects today said it has bagged four orders worth Rs746.26 crore from different agencies for construction related projects. The company has secured an order worth Rs550.28 crore from A P Cine Workers’ Co-operative Housing Soc…

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The current market meltdown has left investors shocked and stunned. The important question in everyone’s mind today is does the market have further downside left or has it bottomed out? Nearly everyone is offering some or the other opinion on this question. The economy has posted a gro…

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MUMBAI: The National Stock Exchange (NSE) is set to open trading in Nifty futures contracts at 8.00 am, nearly two hours before the stock market opens for trade. The move is aimed at reducing the considerable time advantage enjoyed by Nifty futures in the Singapore Exchange (SGX). SGX of…

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Mumbai: The benchmark Sensex closed 1.47% higher on Monday, December 15, as foreign funds buying continued. Other factors that kept the bullish sentiment intact were the rising Asian markets and the latest announcement of slashed interest rates on home loans between Rs5-20 lakh by PSU ban…

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MUMBAI: Motilal Oswal maintained ‘buy’ call on DLF at Rs 257 per share. However, the brokerage has lowered the NAV for DLF by 24.7 per cent from Rs480/share to Rs361 / share to account for slower launch of new projects and lower real estate prices. The residential vertical accounts f…

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MUMBAI: Stocks have barely managed to beat bond yields over the past 10 years, an analysis of the earnings of indices such as Sensex, the BSE 100 and the BSE 500 show. And if things get worse from here, which seems a distinct possibility, yesterday’s rock stars might end up delivering…

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Markets likely to see a gap up opening. Buy: Voltamp Transformers, target:353 and Bombay Rayon Fashions (Above 135), target: 144 If we see profit booking later during the day, short sell: Infosys Technologies. …

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Business-Standard: Last week, the markets displayed strength despite negative news on the domestic and global fronts. The Sensex moved in a tight range of 649 points. From a low of 9,096, the index faced resistance around 9,746. The Sensex finally ended the week at the higher end of the…

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Markets in Asia and Europe fell sharply after the US senate rejected a $14 billion (Rs68,180 crore) rescue plan for auto makers. With large auto companies now headed towards bankruptcy, the world economy would be further damaged. …

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