Videocon planning to strengthen its telecom infrastructure business

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Videocon Telecommunications a unit of Videocon industries is planning to increase its investment in the telecom segment with an additional fund of Rs 450-500 crore  to strengthen its  telcome tower business in Tamil Nadu circle. The company has already invested around Rs 500 crore to strengthen its telecom infrastructure the additional investment will  increase its tower strength to 5,000 from the current [...]

Ashok Leyland registers a growth of 56% in total sales

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Ashok Leyland, the flagship company of the Hinduja Group, today reported an increase in total sales of 56% for Aug 2010 at 7480 units as against 4,784 units sold in Aug 2009. In the month of July 2010 total sales were stood at 6,747 units.The company’s domestic sales stood at 6,705 units during August 2010, as against 4,233 units during August 2009, showing [...]

Nifty closes on a quiet note this Thursday

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Indian markets closed on a flat note today after trading in the green terrain through the day. Though the benchmarks continued its gaining momentum this morning but remained sluggish and range bound. By the end of the first half the nifty saw corrections and touched the lowest level in the day but stock specific trading and rise in banking and sugar stocks gave some impetus to the indices [...]

Benchmarks end flat after a promising start

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Benchmark equity indices extended their gains for the second session in a row on Thursday but the closing on the Dalal Street was not as good as the opening. The bourses that made promising start this morning, trimmed most of their early gains by the end of the session to settle on a flat note. All regional peers, except Jakarta Composite, edged higher in trade today. Meanwhile, choppy [...]

Nakoda gears up for green energy investment

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Nakoda, is all set to commence its Wind Power Project in Madhya Pradesh (MP), for which it is planning an investment of Rs 32.92 crore, out of which 23 crore will be funded through debt and the balance will be accrued from internal resources.The company for this proposes to acquire Wind Mills from Global Wind Power [...]

Northgate Technologies???networking website reported among the top 50 Digital Brands of India

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Northgate Technologies??? web property, ???Bharatstudent.com ???, has been reported among the top 50 Digital Brands of India by the one among the leading newspapers, Economic Times, on September 1,2010.Earlier, this social networking website has also been reported as top 3rd social networking site in India with 4.4 million visitors, by ComScore, Inc released report on ‘traffic to Social Networking sites [...]

SAIL shortlist???s 6 merchant bankers for its upcoming FPO: Report

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Steel Authority of India (SAIL) has shortlisted JP Morgan, Deutsche Bank and four other merchant bankers to manage its proposed follow-on public offering (FPO) which plans to raise up to Rs 16,000 crore as mentioned in some media reports. The other 4 bankers shortlisted include HSBC, SBI Capital, Enam Securities and Kotak [...]

Post session – Quick review

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The domestic markets barely managed a close in green, the intensified selling in last hour put a break to the momentum and the indices seemed in a consolidation mood after a marvelous rally in previous session. Earlier the markets made a good start, continuing their rally mood of previous session, though the gains wear not as high as some of the other regional peers were witnessing or the [...]

Suzlon Energy leads the gainers of group ???A??? on BSE

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Suzlon Energy is currently trading at Rs 52.20, up by 5.60 points or 12.02% from its previous closing of Rs 46.60 on the BSE.The scrip opened at Rs 47.00 and has touched a high and low of Rs 52.90 and Rs 46.35 respectively. So far 3500571 shares were traded on the counter.The BSE group ‘A’ stock of face value Rs [...]

All Asian markets, barring Jakarta Composite closes in the green

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All Asian equity indices, barring Jakarta Composite finished in the positive terrain on Thursday as larger-than-estimated growth in US manufacturing eased investors??? concern about the slowdown in global economy. The manufacturing rebound in China and stronger-than-expected growth in Australia also supported the rally in the Asian region.Shanghai Composite jumped 32.89 points or 1.25% to 2,655.78, Hang Seng rose 245.09 points or 1.19% to 20,868.92, KLSE Composite gained 9.11 [...]

HT Media inches up as CARE upgrades its rating for debt programme

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HT Media is currently trading at Rs 172.00, up by 1.35 points or 0.79% from its previous closing of Rs 170.65 on the BSE.The scrip opened at Rs 172.00 and has touched a high and low of Rs 173.50 and Rs 169.00 respectively. So far 3619 shares were traded on the counter.The BSE group ‘B’ stock [...]

Markets losing strength; Sensex up 39 points

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Approaching last hour of the trade, local equity markets have pared some of their gains, but still continues to trade in the positive terrain. Rest of the Asian markets with an exception of Jakarta Composite settled in the positive terrain today. Major European markets are trading on a mixed note after a subdued start earlier in the day. Back home, stocks from the Consumer Durables, Metal and Banking sectors [...]

IRB Infrastructure???s arm in pact with Indian Hotels

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IRB Infrastructure Developers??? subsidiary company, Aryan Hospitality, has entered into hotel operating agreement and technical services and development assistance agreement with Indian Hotels Company, the Tata group firm that owns Taj hotels. As per the terms of the agreements between both firms, Indian Hotels will operate and maintain a Gateway Hotel to be built by Aryan Hospitality [...]

Fortis Healthcare plans to launch an IPO for its diagnostics business unit

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Fortis Healthcare is planning to launch an initial public offer (IPO) for its diagnostics business unit, Super Religare Laboratories (SRL), in the next calendar year, 2011.The company had acquired the diagnostics business of Piramal Healthcare for a consideration worth Rs 600 crore in the first quarter of this fiscal.The company has recently launched second cancer institute after the group launched its NCR facility and with this the company [...]

Fortis Healthcare plans to launch an IPO for its diagnostics business unit

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Fortis Healthcare is planning to launch an initial public offer (IPO) for its diagnostics business unit– Super Religare Laboratories (SRL)–, in the next calendar year, 2011.The company had acquired the diagnostics business of Piramal Healthcare for a consideration worth Rs 600 crore in the first quarter of this fiscal. The company has recently launched second cancer institute after the group [...]

Visesh Infotecnics touches the roof on plan of venturing into telecom biz

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Visesh Infotecnics is currently trading at its upper circuit limit of Rs 9.67, up by 0.46 points or 4.99% from its previous closing of Rs 9.21 on the BSE.The scrip opened at Rs 9.67, its upper circuit limit and went flat after trading of 3,24,562 shares on the counter.The BSE group ‘T ‘ stock of face value Rs 10 has [...]

CRISIL revises rating outlook on HT Media???s debt programme to Positive

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Credit rating agency, CRISIL has revised its rating outlook on HT Media???s long-term debt programme to ???Positive??? from ???Stable???, while reaffirming the rating at ???AA???. The rating agency has also reaffirmed short-term debt programme of the company at ???P1+???. The ratings continue to reflect the strong position of the company flagship English daily, Hindustan Times, in [...]

Zylog Systems rises on its fund raising plan

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Zylog Systems is currently trading at Rs 565, up by 7.45 points or 1.34% from its previous closing of Rs 557.55 on the BSE.The scrip opened at Rs 559.90 and has touched a high and low of Rs 568 and Rs 552.20 respectively. So far 60,864 shares were traded on the counter.The BSE group ‘B’ stock of face value Rs [...]

One97 Communications to bring an IPO by the end of this year

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Telecom value-added services provider, One97 Communications, is likely to hit the capital market with an Initial Public Offering to raise up to Rs 120 crore by the end of this year. The company has already filed the Draft Red Herring Prospectus (DRHP) in May this year.The book-running lead managers to the issue are IDFC Capital and Avendus Capital, while Link Intime will be its registrar. The company will [...]

Fortis Healthcare trades in green on launching Cancer Instuitute

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Fortis Healthcare is currently trading at Rs. 158.00, up by 1.80 points or 1.15% from its previous closing of Rs 156.20 on the BSE.The scrip opened at Rs 158.00 and has touched a high and low of Rs 159.25 and Rs 157.50 respectively. So far 122161 shares were traded on the counter.The BSE group ‘A’ stock of face value Rs [...]