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Idea Cellular snaps up Spice
To pay Rs 2,176 cr for 40.8% stake; open offer at Rs 77.30 a share
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Non-compete fee, almost 25% of offer price
Mumbai, June 25 Idea Cellular, which is buying 40.8 per cent stake in Spice Communications, will pay an additional Rs 544 crore to the promoters of Spice group as ‘non-compete fee’. A section of analysts sees it as a way of ...
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Modi Group turns focus on new business sectors
Spectrum crunch, lack of opportunities lead to Spice stake sale
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Govt asks Reliance to supply KG gas first to urea plants
LPG plants, existing power plants next in priority
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Impasse on nuclear deal continues
New Delhi, June 25 With no visible tempering down of differences over the Indo-US nuclear deal, there seems to be little scope for a compromise between the UPA Government and its Left allies. However, at a meeting of their joint panel on the ...
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Higher subsidy impacts ONGC net
New Delhi, June 25 Higher subsidy payout to partially compensate the public sector oil marketing companies (OMCs) hit by surge in global crude prices saw ONGC report a two per cent dip in its net profit for the fourth quarter of the financial ...
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Railways hikes freight charges by 5-7%
Goods include ores, petro-products, fertilisers, foodgrains
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GMR acquires 50% stake in US power co Intergen
Will be joint owner with Teachers’ of Canada
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India arrives at Cannes
A growing interest in the country’s economy and culture has had a positive impact on its advertising industry’s creative output.
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Borrowing costs of States to soar on repo rate hike
Upward pressure on yields seen due to low interest in development loans
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Lower global cotton output may keep prices firm
Fall seen due to weather woes, diversion of land for food
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Not everyone is unhappy over CRR hike
Corporates have lined up options to even it out
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Has easing of price control made oil boil?
World over analysts have welcomed the steep rise in crude oil price. They argue that only this will have a welcome effect of reduction in energy consumption and improve the economics of development of efficient technologies.
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TODAY'S PICK (Latest Audio: English/Tamil)
Century Textiles (Rs 580): Buy
We recommend a buy in Century Textiles and Industries from a short-term perspective. From the charts of the stock, we note that it has been on an intermediate-term downtrend, since its 52-week high of Rs 1,275, recorded in early January 2008. ...
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Day Trading Guide
The stock has formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this counter for the session. Infosys In line with our anticipation, the stock fell in the last trading day. ...
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Infosys ends down on fear of losing UBS
Brokerages expect challenging times ahead
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NTPC July futures see higher short rollover
Turnover tops Rs 80,000 crore since January fall
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Higher costs may be passed on to borrowers
RBI move: Banks not to face any liquidity crunch
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Entertainment tax cuts in Delhi to benefit PVR
Margins could get a boost
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West coast under watch as Bay throws up a whirl
Thiruvananthapuram, June 25 India Meteorological Department’s (IMD) outlook for the next few days suggests that rain or thundershowers would be fairly widespread across the country with the west coast and the northwest coming under ...
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