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BPCL posts Rs 2,625 cr loss in Sept quarter
High crude price, rupee wreak havoc. Mumbai, Oct. 30 Public Sector oil refining and marketing company Bharat Petroleum Corporation Ltd (BPCL) has reported a loss of Rs 2,625.27 crore for the second quarter ended September 30, 2008. The company ...
ONGC net dips 6% on subsidy burden
New Delhi, Oct. 30 ONGC has reported a 6 per cent dip in net profit and a 13 per cent increase in sales revenue for the second quarter of this year over the same period last ...
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Mr R.S. Sharma, Chairman ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Sesa Goa (Rs 79.40): Buy
We recommend a buy in Sesa Goa from a short-term perspective. It is evident from the charts of Sesa Goa that it has been on an intermediate-term downtrend from its early May high of Rs 220. Since then, the stock has been forming lower troughs ...
Day Trading Guide
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Religare plans 2:3 rights; promoters to pick up unsubscribed portion
Issue of timing Recent rights issues of Tata Motors and Hindalco could not stir up investors.Issue will be at a price of Rs 355 a share. Mumbai, Oct. 30 Broking firm Religare Enterprises, promoted by Mr Malvinder Singh of Ranbaxy, announced on ...
‘No loss to Govt by not auctioning spectrum’
Annual revenue share, rural roll-out offset ‘notional’ loss: Raja. New Delhi, Oct 30 The Minister for Communications and Information Technology, Mr A. Raja, has defended the decision to give out fresh telecom licences on a first-come ...
Inflation rate eases to below 11%
New Delhi, Oct 30 The annual wholesale price index-based inflation rose 10.68 per cent during the week ended October 18, slower than the previous week’s annual rise of 11.07 per cent, the Commerce Ministry said in a statement in New ...
Revenues from maintenance deals up
High-end outsourcing slows as decisions get delayed. Mumbai, Oct. 30 The global financial crisis seems to have prompted client companies to outsource IT projects of a more traditional nature as is evident from the September quarter numbers of ...
Insurers move into T-bills, certificates of deposits
Pull out from equities to prevent erosion of investments. Bangalore, Oct. 30 With the downturn in the equity market, insurance companies have shifted investments to certificates of deposits and short-term Treasury ...
Are we in for a Mexican standoff?
“Operation successful, patient dead” is an old chestnut. It is also like playing a perfect hook-shot — everything looks wonderful until you get caught on the fine leg boundary. Therefore, it seems to me that the time has ...
KPMG positive on India
Global consultancy and auditing major KPMG recently revamped its operations in India, strengthening its management team and nominating new heads along business lines. Notwithstanding the current concerns of slowdown and possible impact on ...
Orchid suffers Rs 40-cr loss in Q2
Rs 81.57-cr hit on restatement of foreign currency loans. Chennai, Oct. 30 Due to an Rs 81.57-crore hit on account of restatement of foreign currency loans, Orchid Chemicals and Pharmaceuticals reported a loss of Rs 40.66 crore for the ...
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