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DLF share issue fully subscribed, priced at Rs 230 each
DLF, India's biggest real estate company by market value, has priced its $345 million share issue at Rs 230 each, it said in a statement late on Wednesday. The company had launched the issue on Tuesday and set a price band of 222 rupees to Rs 233. The offer was fully #DLF #Real estate #Share issue #StockWatch
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Diageo’s open offer for United Spirits attracts few takers
New Delhi: Diageo Plc's Rs 5,441-crore open offer for acquiring 26 percent stake in Vijay Mallya-led United Spirits has come a cropper with the offer eliciting a tepid response from public investors. The offer was part of the nearly $2-billion deal that would see Diageo snapping up majority stake in United #Diageo #StockWatch #United Spirtis #Vijay Mallya
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Rate-cut hopes lift markets by 500 pts, but is rally sustainable?
Hopes of a further rate cut fueled by a comfortable inflation data pushed the Indian equity markets to their highest close since January 2011. The BSE Sensex closed at 20215.30, up 2.50 percent marking its biggest single day percentage gain since June 2012. While the Nifty saw a triple digit rally to 28-month highs, #Investing #MarketClose #nifty #RBI rate cut #Sensex #WPI
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NPS subscribers earn double digit return in 2012-13
New Delhi: Subscribers of National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) earned double digit returns of as much as 14.19 percent during 2012-13. The pension scheme for other than government employee with investment focus on corporate debt generated return of 14.19 percent while investment in #Interest #investors #National Pension System #Pension Fund Regulatory and Development Authority #pension schemes
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Tata Communications to delist from NY Stock Exchange
Tata Communications Ltd said on Wednesday it will delist from the New York Stock Exchange and terminate its American Depositary Receipts (ADR) programme. "Our decision to delist, deregister and terminate our ADR program was the result of several factors, including the fact that our ADR program had not developed the trading #Business #Investing #New York Stock Exchange #NewsTracker #Tata Communications
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Inflation indexed bonds on 4 June: Here’s what you need to know
The Reserve Bank of India plans to issue inflation-indexed bonds in phases to discourage investments in gold, with the first tranche of bonds worth Rs 1,000-2000 crore being issued on June 4 for a total of Rs 12000-15000 croreby the fiscal year ending in March 2014. The principal will be indexed #CPI #Inflation-Indexed Bonds #PersonalFinance #WPI
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Explainer: A strong US dollar is good for India
The US dollar (USD) is seeing renewed strength and this strength is giving asset classes across the globe a new direction. Equities have rallied and oil prices have fallen over the last two years on the back of the USD strength. Indian equities and bonds are benefiting from the dollar strength. #Bonds #ConnectTheDots #Dollar #Inflation #Investing #Rupee #Sensex #Stock market
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Gold down by Rs 600, second biggest fall this year
New Delhi: Gold today witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due to reduced offtake amid weak global trend. Silver prices followed suit and dropped by a massive Rs 800 to Rs 44,700 per kg on reduced offtake by jewellers and industrial #Gold #MetalWatch #silver
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Just Dial IPO: Why it could be the flavour of the month
Just Dial has announced that it will raise up to Rs 950 crore through an initial public offer (IPO), which is scheduled to be launched on 20 May. It has set a price band of Rs 470 to Rs 543 per equity share. It will remain open for subscription till #Business #CompanyWatch #Investing #Just Dial IPO
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FinMin approves 8.5% interest on PF deposits for FY13
New Delhi: The Finance Ministry has approved payment of 8.5 percent rate interest for 2012-13, up from 8.25 per cent in the previous fiscal, benefiting over 5 crore EPFO subscribers. "Finance Ministry has notified 8.5 percent interest rate for 2012-13. It will be implemented with immediate effect," EPFO's Central Provident Fund #EPFO #finance ministry #Interest rates #NewsTracker
