Against stiff competition from European and other domestic power equipment companies, Bharat Heavy Electricals (BHEL) won a landmark contract pegged at Rs 240 crores from Coastal Gujarat Power (CGPL), a Tata Power company. …

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Alphageo (India) today said it has bagged an order worth Rs 43.69 crore to provide seismic data to state-run ONGC. The company has bagged the contract over a period of two seasons in Nagaland, Alphageo said in a filing to the Bombay Stock Exchange. …

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NEW DELHI: Battered Indian shares would be among the first to recover from the global financial crisis and not all foreign investors are exiting, the capital market regulator said on Saturday. Only leveraged investors are leaving the country but long-term players such as pension funds c…

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MUMBAI – Equities are likely to continue its upward momentum in the forthcoming week with the F&O expiry underway, which will trigger short covering. But the broad outlook for the market remains downbeat with the global economic gloom and a slowing domestic growth weighing on s…

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Shares of Selan Exploration Technology shot up to a high of Rs 137.95 a share after the board of the company approved buyback of shares at up to Rs 230 a share. Shares closed at Rs 133.8 a share, up 1.83 per cent from the last traded price. …

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Dabur India has acquired 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women`s skin care products market, for Rs2.03bn in an all-cash deal. Dabur India Ltd has announced the acquisition of 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women’s skin car…

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The Indian wind energy major had in September agreed to buy the equity stake from Portugese company Martifier for euro 270 million. At present, Suzlon holds 66 per cent stake in REpower. “It was originally scheduled for May. We had accelerated it to December, but we are going with the o…

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Real estate major Unitech today said it has repaid the entire financial assistance received from Indiabulls Financial Services. Unitech has repaid on the due date the entire financial assistance received from Indiabulls Financial Services and its affiliates, the company said in a regulato…

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The Sensex opened 12 points higher at 9,397, touched a high of 9,436, and then soon slipped into the negative zone. Aggressive selling in banking and realty stocks dragged the index below the 9,000-mark to a low of 8,957 – down 479 points from the day’s high. Selective buying…

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By Glenn Somerville and Matt Spetalnick WASHINGTON (Reuters) – World leaders grappling with the worst financial crisis since the Great Depression of the 1930s pledged on Friday to deliver a concrete plan to ward off recession and prevent future meltdowns. …

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