Larsen & Toubro (L&T) has sold a third of its holding in Mahindra Satyam, or 27.24 million shares, for Rs 306.54 crore, taking the software company’s share price down by 6.6 per cent, the biggest fall in five months.Of these, Japanese institutional investor Nomura bought about 22 million shares in a block deal on Friday.This transaction at Rs 112.52 a share, about 4.2 per cent discount to Thursday’s...
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mushrooming multiplexes may have made more and more people get out of homes for theatrical experience on the big screen, but the movement could sound the death knell for single-screen cinemas, says Manmohan Shetty, the president of Film and Television Producers Guild of India.According to Mr Shetty, who launched the IMAX multiplexes in 2001, a year after the first multiscreen theatres arrived in India,...
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visitHome prices continued to decline across the nation as sales of heavily discounted foreclosed properties weighed down the market.Median prices of existing homes fell in 123 of 153 metropolitan areas during the third quarter compared with a year earlier, according to the National Association of Realtors. The national median price was $177,900, down 11.2% from the third quarter of 2008.Distressed...
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Balrampur Chini Mills (down 6.12%), Shree Renuka Sugars (down 2.84%), Bajaj Hindusthan Sugar and Industries (down 2.67%), DCM Shriram Industries (down 2.36%), Triveni Engineering & Industries (down 2.35%), EID Parry (India) (down 1.02%), and Simbhaoli Sugar Mills (down 0.07%), declined.The three-week-long protests by farmers from UP, which produces almost half the country's sugar cane, had hampered...
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NEW DELHI: India’s food price inflation is likely to come down by the year-end, as per estimates made by the country’s planning department. According to Planning Commission deputy chairman Montek Singh Ahluwalia, while overall food price inflation is expected to come down by the year-end, vegetable prices, in particular, would fall by December-January. “Food price inflation by the end of the current...
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food price inflation is likely to come down by theyear-end, as per estimates made by the country’s planningdepartment.According to Planning Commission deputy chairman MontekSingh Ahluwalia, while overall food price inflation is expected to come down bythe year-end, vegetable prices, in particular, would fall byDecember-January.“Food price inflation by the end of thecurrent fiscal would be significantly...
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has again decided to reduce the prices of its various models. The reduction in the price range may go down by nearly Rs400 per tyre in the truck tyre segment. This time the reduction in the prices has been done due to the reduction in the excise duty by the central government. It has come to the notice that this time the MRF group is the first one to react so fast with this reduction in prices.company...
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an effort to bring down the prices of foodgrains, the Food Corporation of India (FCI) has announced that it will release a large quantity of rice and wheat to southern States, including Karnataka.Though the FCI intervention is likely to bring down prices of atta and maida, traders here feel that the release of FCI stock may not do much to bring down prices of wheat and rice, which have been spiralling...
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BPCL (down 1.55%), HPCL (down 1.39%), and Indian Oil Corporation (down 1.22%), slipped.Oil Secretary R S Pandey said there is no proposal yet on raising fuel prices, adding that state-run oil marketing companies were likely to suffer a revenue loss of Rs 44,000 crore in the current financial year by selling fuel at government-set rates.Pandey said inter-ministerial consultations about raising the prices...
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Planning Commission Deputy Chairman Montek Singh Ahluwalia Wednesday said a robust rabi production would bring down food price inflation by the end of the year."What you see now is spurt in prices which probably reflects the element of speculative expectations because of drought. With the prospects of good rabi by the end of the year, food price inflation will come down," Ahluwalia said here at the...
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