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Reliance sheds export unit tag for Jamnagar refinery
New status to help larger domestic sales, revive its oil retail biz. New Delhi, April 16 Reliance Industries Ltd (RIL) has converted its first refinery (33 million tonne/year) at Jamnagar from an Export Oriented Unit (EoU) to a normal status so ...
High bench strength strained Satyam finances: CBI
Hyderabad, April 16 The Central Bureau of Investigation, which is probing the Rs 7,136-crore Satyam Computer Services financial fraud, has alleged that the bench strength at Satyam was as high as 40 per cent in offshore (people working in ...
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Task ahead: Mr Ste...
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TODAY'S PICK (Latest Audio: English/Tamil)
MRPL (Rs 49.05): Sell
We recommend a sell in Mangalore Refinery and Petrochemicals (MRPL) from a short-term trading perspective. It is clearly apparent from the charts of MRPL that after taking support at Rs 36 in early March, the stock began to trend up. The ...
Day Trading Guide
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Suzlon shares fall 19% on reports of blade supply problems
Company denies prototypes were rejected by REpower. Chennai, April 16 The shares of Suzlon Energy Ltd, the largest wind turbine manufacturer in the country and the fifth largest in the world, fell nearly 19 per cent on the National Stock ...
Jet asks some operations staff to relocate
Mumbai, April 16 As part of a cost restructuring exercise, Jet Airways plans to rationalise operations staff in smaller bases such as Hyderabad, Chennai and ...
Inflation dips to 0.18% despite costlier food, fuels
Wholesale Price Index for all commodities at 228.2. New Delhi, April 16 The annual Wholesale Price Index-based inflation inched closer to zero in early April, which could give the Reserve Bank of India a room to cut interest rates when it ...
Credit Crunch 2? Or Credit Catch-22?
If the demise of the famous securities brokering house Bear Stearns last year is considered the birth of the global crisis, the latter is now a year old. Now flash back to the year 2008 and the global discourse then on where the US economy ...
Satyam: Unfinished work
So, Satyam Computer, the institution, has been saved and handed over to a credible buyer who can take it forward. The government-nominated Board deserves praise for extricating the company from the mess that it found itself in, stabilising it ...
Ballot amid bullets and blasts
New Delhi; Round one of Election 2009 ended on Thursday with millions of people across 17 States and Union Territories queuing up to vote in a new government amid Maoist violence that marred polling in several places and left ...
Is it all just maya?
Recently in Lucknow At the close of the first phase of elections on Thursday, the fate of aspirants for 16 Lok Sabha seats in Uttar Pradesh lies sealed in the EVM machines. In this election, the Bahujan Samaj Party supremo, Ms Mayawati, hopes ...
Banks, mutual funds lap up Tech Mahindra debt issues
10.25% coupon on NCDs, 8.50% on commercial papers prove attractive. Mumbai, April 16 The Rs 600-crore non-convertible debenture (NCD) and the Rs 275-crore commercial paper issues of Tech Mahindra have been lapped up by a clutch of mutual funds, ...
Karnik sees no merit in ICAI poser on Satyam stake sale timing
New Delhi, April 16 The Satyam Chairman, Mr Kiran Karnik, has told Business Line that he is “really surprised and shocked” at the remarks made by the ICAI President, Mr Uttam Prakash Agarwal. On Wednesday ...
Satyam buy may hasten BT’s exit from Tech Mahindra
UK co has been looking to sell 31% stake for a year. Mumbai/New Delhi, April 16 Tech Mahindra’s acquisition of a controlling stake in Satyam Computer Services may speed up BT’s exit from the telecom solutions company, it is ...
Some exchange traded funds out of sync with Nifty!
UTI’s Sunder, Quantum’s QNifty end with significant premium. UTI Mutual Fund’s exchange-traded fund - UTI Sunder and Quantum Fund’s exchange-traded fund - QNifty both of which are supposed to track S&P CNX Nifty and ...
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