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PSUs To Step Up Capex

| 9/20/2012 9:00 PM Thursday

With some revival in private investment, the Ministry of Finance is getting over half a dozen PSUs to speed up the construction of projects, add capacity and increase the investment level in the economy. Cash-rich companies such as Coal India, ONGC, SAIL, National Mineral Development Corporation and Hindustan Aeronautics, among others, are being pushed for higher capital expenditure. Just these five companies between them were sitting on a cash pile of nearly Rs 1.35 lakh crore, while there are at least another two – NTPC (over Rs 16000 crore) and Oil India (nearly Rs 11000 crore) – that had a bank balance of over Rs 10000 crore each at the end of March 2012.

SAIL
Awarded Rashtriya Khel Protasahan Puraskar

SAIL has been awarded the Rashtriya Khel Protsahan Puraskar by the President of India, Shri Pranab Mukherjee for ‘Community Sports and Identification and Nurturing of Budding Young Talent’. The award was received by SAIL Chairman C S Verma in the presence of the Minister of State for Youth Affairs & Sports, Ajay Maken. Expressing happiness upon receiving the award, Verma said, “The award, which comes as an acknowledgement towards our efforts, encourages us to work with even greater fervor towards the cause of promoting sports and sportsman spirit in the nation”.

GAIL
Stake Purchase In Repsol's LNG Unit

GAIL is planning to buy a stake in the Canadian-Canaport LNG unit put up for sale by the Spanish firm Repsol. GAIL is looking to acquire the stake through a participating interest in the Gas Natural Fenosa (GNF)-led consortium. Repsol has been scouting for buyers for its 75 per cent stake in the Canaport LNG unit.

 

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Ducon Infra partners with Sterling & Wilson to bid for large GFD projects

Apurva Joshi / Article rating: 5.0

Ducon Infratechnologies Limited has entered into a strategic tie-up with Sterling & Wilson Private Limited, a flagship group company of Shapoorji Pallonji Group, to jointly bid large-sized FGD tenders. Ducon is an emerging technology company providing solutions in the industrial, infrastructure and digital space to multiple business segments across varied industries.

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Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Logistics sector will play a vital role in making the concept of ‘Make in India’ a success. This will be further aided by some of the recent steps taken by Government of India such as granting of infra sector status to logistics sector.

Best and worst Performing Sector Funds of Year 2017

Best and worst Performing Sector Funds of Year 2017

As the year-end has approached most of you are eager to know the mutual fund movers and shakers of the year 2017. Read on to find the performance of various sector dedicated funds.

Markets may start positive, but volatility likely due to F&O expiry

Markets may start positive, but volatility likely due to F&O expiry

The start of the F&O expiry day is likely to be in the green, but volatility may creep in with the progress of the session. The SGX Nifty suggests that the Nifty could open at 10,525 with gains of 32 points at the opening bell. 

Pidilite announces buyback of Rs 500 crore

Pidilite announces buyback of Rs 500 crore

The buyback offer comprises purchase of up to 50,00,000 equity shares. The buyback offer size comprises 0.975 per cent of the total paid-up equity capital of the company.

Bank Nifty drags markets to close in the red

Bank Nifty drags markets to close in the red

The late session fall in Bank Nifty changed the direction of the market, leading to a marginal fall in the benchmark indices. Bank Nifty yet again resisted at its multiple point downward sloping trendline level at 25733.

Six major underperforming MF schemes having higher expense ratios

Six major underperforming MF schemes having higher expense ratios

Mutual funds with a large size of assets under management (AUMs) are supposed to have lower expense ratios. However, there are schemes with large AUMs but having higher expense ratios and generating lower returns. 

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma index has come in as the healer in an otherwise sluggish market. Index has given a consolidation breakout at the 9420 level today and if the it sustains 9420, followed by 9628 on the upside, it has a long way to go.

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.35 p.m. on December 27.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on December 27 opened gap down. BSE Sensex is trading at 34,068.15, up by 57.54 points and the Nifty is trading at 10,539.45, up by 7.95 points.

Five stocks with selling interest

Five stocks with selling interest

Overall volumes in futures & options currently stand at 62.75 lakh contracts with a turnover of Rs. 5,19,204.72 crore.