The Hindu Business Line : Saturday, December 27, 2003

Rally with participation across-the-board — Nifty steals show, hits all-time high
WITHIN a minute of the market opening on Friday, the Nifty crossed a landmark. The Nifty breached the previous all-time high of 1818.15 that it touched during intra-day trade at the height of the tech bull run on February 23, 2000. It closed at ... More

Reliance plans Rs 8,000-cr power plant in UP
RELIANCE Industries Ltd (RIL) plans to set up a 2,000-3,000-MW power plant in western Uttar Pradesh, involving an investment of nearly Rs 8,000 crore. "We have already shown them some sites in western Uttar Pradesh. The company is examining ... More

Gabriel Trade's Rs 900-cr FDI plan approved
THE proposal from the UK-based Gabriel Trade and Investment Company Ltd to set up a methanol manufacturing facility in Gujarat involving foreign direct investment (FDI) worth Rs 900 crore has been given the go-ahead by the Minister for Finance ... More

Indraprastha Gas shares debut at 150 pc premium
SHARES of Indraprastha Gas Ltd (IGL) made their debut on the bourses today with the stock listing at a premium of almost 150 per cent at Rs 119.50 compared with the offer price of Rs 48 per share. The volumes, both on NSE and BSE, were high. On ... More

IndusInd-ALF merger at 9:4 swap cleared
THE board of directors of Ashok Leyland Finance on Friday approved the share exchange ratio recommended for the merger of the company with IndusInd Bank. The joint valuers have recommended a ratio of nine equity shares of IndusInd Bank for ... More

Consolidation prospects — Second-rung cement stocks move up 100-400 pc
THE second-rung cement stocks have consolidated their position during the current fiscal, moving up between 100 and 400 per cent on the bourses even though cement offtake in the market place has not grown much during this period. The price ... More

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