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Edelweiss Alternate Asset Advisors, the alternative asset arm of Edelweiss Capital, has closed its Edelweiss Special Opportunities Fund at USD 230 million. The fund, which made its first close of USD 105 million in December 2009, will invest in special investment opportunities in India.
Angel Broking is bullish on Prakash Industries (PIL) and has recommended buy rating on the stock with a target of Rs 124 in its February 11, 2011 research report.
President Barack Obama proposed a budget on Monday that would cut the US deficit by USD 1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls.
The Central Bureau of Investigation (CBI) have not summoned Unitech Ltd managing director Sanjay Chandra as part of a probe into whether some companies received favourable treatment in the granting of telecoms licences.
Investments by FIIs under PIS : Nirlon Synthetic Fibres and Chemical Ltd.
The UK will continue to provide India over 1 billion pounds until 2015 despite political pressure to reduce aid to the booming Asian giant, amid deep cuts in public spending at home.
Civil Aviation Minister Vayalar Ravi would meet Finance Minister Pranab Mukherjee here tomorrow to discuss issues pertaining to the aviation sector in the upcoming budget.
Sushil Finance is bullish on Allied Digital Services (ADSL) and has recommended buy rating on the stock with a target of Rs 200 in its February 11, 2011 research report.
Coal Minister Sriprakash Jaiswal today said Coal India will set up 20 new washeries with a combined capacity of 111 million tonnes to help realise a better price for its produce.
For the middle class person the wish list would encompass anything that would tame the demon of inflation or leave more in the hands of the person to deal with the demon of inflation.
The Indian equity markets got off to a rocky start in 2011. FIIs, who pumped a record USD 29.3 billion into the Indian markets last year, were booking profits as their portfolio did not deliver expected returns, revealed market watchers.
The infrastructure major, GMR Infrastructure rose 6.885 or 2.60 to end at Rs 40.40. It touched an intraday high of Rs 40.75 and an intraday low of Rs 37.75. There were pending buy orders of 428 shares, with no sellers available. The total traded volumes were of 1,278,886 shares. The share gained 27.24% in lat three days.
International Finance Corporation (IFC) is lending $50 million to PTC India Financial Services (PFS), the financial services arm of the country's largest power trading company PTC India, to push renewable energy in the country.
KRChoksey is bullish on Elecon Engineering Co (EEC) and has recommended buy rating on the stock with a target of Rs 104 in its February 14, 2011 research report.
Whether it was a match made online or a love that developed over the telephone, a new iPhone application is designed to make that first date or meeting safer.
Way2Wealth is bullish on BGR Energy and has recommended buy rating on the stock with a target of Rs 812 in its February 11, 2011 research report.
Encouraged by moderation in inflation in January, the Planning Commission today forecast continuation of the trend in the coming month due to decline in the cost of onion and other vegetables.
It was a party time for the bulls on Dalal Street on Monday following the continuation of Friday's uptrend, particularly after getting slaughtered in previous few sessions.
Money Market Operations as on February 12, 2011
Germany's largest construction group Hochtief is confident that 2011 will be a lucrative year and is currently in talks with potential targets in both India and Canada, the group's CEO told Reuters in an interview.
PTC India touched an intraday high of Rs 100.70 and an intraday low of Rs 88. At 15:05 hrs the share was quoting at Rs 98.65, up Rs 10.70, or 12.17%.
Reliance Mutual Fund launches Reliance Gold Savings Fund, an open ended fund of fund scheme that seek to provide returns that closely correspond to returns provided by Reliance Gold Exchange Traded Fund (RGETF).
Lockheed Martin Corporation [NYSE:LMT] and Tata Advanced Systems, announced the formation of a new joint venture company - Tata Lockheed Martin Aerostructures. The company will manufacture aerostructures for the C-130 aircraft produced by Lockheed Martin.
Massive buying across sectors pushed the benchmark Nifty above 5450 with the addition of 150 points while the Sensex surged more than 450 points at 14:55 hours.
State Bank of India (SBI) touched an intraday high of Rs 2,696.65 and an intraday low of Rs 2,606.95. At 15:04 hrs the share was quoting at Rs 2,689.25, up Rs 104.60, or 4.05%.
