MUMBAI: ONGC today reported a 26% decline in net profit at Rs 4,848 crore for the first quarter ended June 30, 2009 when compared with Rs 6,636 crore in Q1FY09. Net sales also declined 26% to Rs 14,879 crore from 16,198 crore in Q1FY09. UTVi had estimated the bottomline to drop 28% and …

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DUBAI: Emaar Properties is still considering an initial public offering for its India MGF joint venture, in line with its strategy announced last year, the Dubai-based developer said on Thursday. Emaar, which is building the world’s tallest tower, said that while an IPO is being …

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Sensex surged by 404 points or 2.7% to end at 14,248 while, Nifty surged by 130 points or 3% to shut shop at 4,529. The Sensex surged by 404 points or 2.7% to end at 15,248 after touching a high of 15,264.8 and a low of 14,997.7. The index had opened at 15,008 against the previous close …

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Buy Welspun Gujarat at 200, target: 210. Stoploss: 197 If markets show weakness later during the day, Short sell: Reliance Power. …

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NEW YORK (AP) — Morgan Stanley said Wednesday it lost more than $1.2 billion in the second quarter as it took charges to cover continuing losses in its real estate investments and its repayment of government bailout money. The investment bank said Wednesday it was also hurt for a s…

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Housing Development Finance Corporation Ltd (HDFC) today reported 20.68 per cent growth in net profit at Rs 564.92 crore for the first quarter ended June 30, 2009. The bank had a net profit of Rs 468.11 crore in the June quarter of the last fiscal, HDFC Ltd said in a filing to the Bombay…

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Hindustan Zinc Ltd has announced the following unaudited results for the quarter ended June 30, 2009: The company has posted a net profit of Rs 718.82 crore for the quarter ended June 30, 2009 as compared to Rs 847.81 crore for the quarter ended June 30, 2008. Total Income has decreased f…

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Anil Dhirubhai Ambani Group company Reliance Communications said on Wednesday it has bagged a 10-year deal valued at Rs 10,000 crore from UAE-based Etisalat’s Indian telecom arm to manage the latter’s telecom infrastructure. Under the long-term passive infrastructure sharing …

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HYDERABAD: In a fresh twist to the Satyam-Maytas saga, the top honchos of Mahindra Satyam denied having any knowledge of Rs 600 crore having found its way from Maytas Infra and Maytas Properties coffers into Satyam. Vineet Nayyar, executive vice-chairman of Mahindra Satyam, told TOI that…

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MUMBAI: Indian markets ended in the negative terrain Wednesday as traders booked profits after a recent surge in equities. Capital goods, IT and auto space were down while realty stocks closed a little higher. Bombay Stock Exchange’s Sensex ended at 14840.63, down 221.86 points or 1.47…

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