Moneycontrol News Archive
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RIL-RPL merger is tax-neutral: E&Y India 
2nd March, 2009 20:59
Rajeev Memani, E&Y India, is of the view that RIL-RPL merger is tax-neutral. He said the book for RIL after all adjustments is Rs 765, which has been factored-in.
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Dow plunges below 7K on US banking sector woes
2nd March, 2009 20:04
Stock markets in the US opened in the red yet again, as traders continued to worry about the health of the economy, and the effect this would have on financial ins
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Reduce Tata Steel, target of Rs 215: IIFL
2nd March, 2009 19:31
IIFL has recommended a reduce rating on Tata Steel with a target price of Rs 215. Tata Steel reported a consolidated profit of Rs 8.14 billion for 3QFY09.
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Are Fixed Income investments safe now?
2nd March, 2009 19:12
Sujoy Kumar Das, Head - Fixed Income at Bharti Axa Investment Managers discusses the volatility in the fixed income market, rate cuts, inflation, debt investments
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Buy GVK Power, target of Rs 23.9: IIFL
2nd March, 2009 18:55
IIFL has recommended a buy rating on GVK Power & Infrastructure with target price of Rs 23.9. The government has approved levy of a development fee (ADF) at Mumbai
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Rupee has resistance at 52.40/52.5: Commtrendz
2nd March, 2009 18:49
According to Commtrendz Research's report on Indian Rupee, immediate supports are now around 51.20/51.30 followed by 50.70/50.8. Resistances come around 52.40/52.5
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StanChart on hiring spree in recession
2nd March, 2009 18:30
At a time when most companies plan to freeze fresh hiring, Standard Chartered is looking to place 1500 professionals this year across the country.
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Roche vs Cipla: Dispute over Valcyte's patent
2nd March, 2009 22:38
A solution to drug-maker Roche's dispute with Cipla over anti-infective drug Valcyte will take a while. The Supreme Court has asked Roche not to push for an injunc
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The Phantom Coupe rolls out!
2nd March, 2009 22:16
2009 has been a flat year for super luxury car maker Rolls Royce, but the company hopes to sell 14 cars this year, including its latest offering -- The Phantom Cou
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Mkts end deep in red, near Oct ’08 lows
2nd March, 2009 20:30
It was a dismal Monday on Dalal Street. Global markets cracked sharply and our markets too fell in line with their global peers. The Nifty closed at 2,674 down 89
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IDBI Bank reduces interest rates
2nd March, 2009 20:15
IDBI Bank Ltd. has reviewed its Retail Lending rates on Home Loans and has reduced the floating interest rates by 100 bps for loans up to Rs 20 lakh.
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Markets end weak: Nirmal Bang
2nd March, 2009 19:19
According to Nirmal Bang's report, the Sensex ended the day at 8,607 down 285 points or 3% after hitting an intraday low of 8,563.The NSE Nifty at last broke the c
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RIL, RPL merger comprehensive analysis
2nd March, 2009 18:37
The mega merger is announced, Reliance Petroleum shareholders will get one reliance share for every 16 shares held and Reliance will extinguish treasury stock.
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Cement production up 9.53% at 29.24L in Feb
2nd March, 2009 18:17
Cement companies have announced its February sales numbers. Production for February rose by 9.53% at 29.24 lakh million tonne. Dispatches are up by 10.08% at 29.19
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RPL adds 27 lakh shares in OI
2nd March, 2009 17:35
F&O turnover at Rs 35000 crore. The PCR is just hovering around 1.40 mark. Reliance Industries has added 7 lakh shares in open interest and RPL has added 27 lakh s
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Rupee ends at record low
2nd March, 2009 17:10
The rupee plummeted to a record low for the second consecutive session today, close to the 52 per USD mark. The spot rupee ended at new record low of Rs 51.92 per
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