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No surety on debt reduction yet
Reliance Communications’ (RCom) stock spurted 2.5 per cent after it announced a 78 per cent jump in earnings for the quarter ended March to Rs 332 crore. In addition to the results, RCom’s plans to list its international undersea cable business on the Singapore Stock Exchange, as well as stake sale of tower unit in the latter part of the current financial year, also rubbed off positively

Rupee slump costly for India Inc convertible bonds

When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an

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Speciality Restaurants to list on May 30

Speciality Restaurants, which runs the Mainland China and Oh! Calcutta chain of restaurants, will list its shares on the National Stock Exchange and the Bombay Stock Exchange on May 30. At Rs 150 a

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Sensex ends nearly 200 points up

Heavy buying in bank, power, capital goods and automobile stocks lifted the Indian benchmark stock indices Sensex and Nifty to a buoyant close on Monday. Several other blue chips from realty, metal,

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Sensex ends on an upbeat note

The market opened on a firm note and after moving in a tight band for a long time, rallied sharply in the final hour to end with strong gains on Monday.Bargain hunting and a positive start in European

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Sensex up nearly 200 points, set to end on upbeat note

The market, which retreated from higher levels and pared some gains earlier this afternoon, has moved up sharply once again and looks headed for a buoyant close today. A firm trend in European

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