The stock market crash is defying all conventional wisdom of valuations. Despite the relief rally over last few days, a large no of companies are still trading below their book value which means their market capitalisation is less than their net worth. Put simply, if you could buy these c…

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ArcelorMittal Q3 net sales up 38% yoy to US$35.2bn. EBITDA of US$8.6bn, up 76% compared with Q307. ArcelorMittal, the world’s leading steel company, has announced results for the three and nine-month periods ended September 30, 2008. Highlights for the three months ended September 30, 2…

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The FDI equity inflows during April-September 2008 have been US$17.21bn. This represents a growth of 137% over the previous year. The Foreign Direct Investment (FDI) equity inflows in the month of September, 2008 were US$2.56bn.This represents a growth of 259% over the same month in the p…

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MUMBAI: Stock futures ended higher on Tuesday, swinging to premium to the spot market, as investors built fresh long positions in the Nifty and stock futures of banking, realty and infrastructure firms. Traders said there was short covering seen in some bank stocks, but positive momentum…

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A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the ‘Financial Times’. The fund, known as Goldman Sachs Investment Partners, has told investors it lost $989 million by September, the …

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Ess Dee Q2 revenues increase by 64% to Rs1.25bn from Rs763.4mn Ess Dee Aluminium Ltd, one of India’s largest providers of pharma packaging solutions, has announced its results for the quarter and half year ended 30th September 2008. Q2 FY09 results compared with Q2 FY08 results:.. …

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Era Infra Engineering Ltd, an integrated infrastructure development company with a pan India presence, has announced its financial results for the quarter ended September 30, 2008. For the quarter ended September 30, 2008, the company recorded revenues of Rs4.18bn, an increase of 63.38% f…

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During the quarter, the company posted a growth of 6% in net sales at Rs124.9mn as compared to Rs118.3mn in the corresponding quarter previous year. Logix Microsystems, a leading global software products company focused on automotive e-retailing solutions, has reported significant growth …

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This price cut along with the 8 to 12% reduction in October`08 amounts to an overall reduction by 25 to 30% compared to peak prices in the domestic market. JSW Steel has announced a price reduction of HR Coil by Rs5,500/-pmt for November ’08 in line with prevailing international pri…

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Contrary to belief that it was under withdrawal pressure, India’s top private sector lender ICICI Bank on Sunday said that it has retired about Rs 24,000 crore expensive deposits to reduce cost and improve its bottomline. Pooh-poohing suggestions that it was under withdrawal pressur…

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