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Mutual fund IPOs deliver, but established ones do better
INITIAL public offerings from mutual funds seem to hold a special allure for investors. Investors often shy away from funds with a proven track record, uncomfortable with their high NAVs, but are attracted to new funds selling units at `par'. But ...
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NSE places 88 stocks in trade-for-trade; 32 back to rolling settlement
THE National Stock Exchange, as a surveillance measure, has decided to place 88 stocks in the trade-for-trade segment from October 7. In a circular, the exchange authorities said this move was "to ensure market safety and safeguard the interest ...
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Petroleum Ministry moots ad hoc hike in gas price
THE Government has proposed an ad hoc hike of Rs 350 per thousand cubic metre in the price of natural gas produced by Oil and Natural Gas Corporation. Power sector consumers, who account for 42 per cent of natural gas consumption, will be ...
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Salaried I-T assessees can file e-returns in 60 cities
SALARIED income-tax assessees in as many as 60 cities in the country, can now file their returns through the Internet. The Central Board of Direct Taxes has come up with a separate scheme for this purpose. This facility would be available from ...
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Intl airlines offer not just seats, but more jobs too
APART from better connectivity, what else can the increasing number of international flights to and from India have in store to offer? Jobs. International airlines, including those that have recently started operations to India and others ...
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Defence scientists embark on making `smart' missiles
INDIAN defence scientists have embarked on the development of `smart' missiles, that are smaller, lighter, agile, and that can home-in to targets with greater accuracy and destroy, according to Dr V.K. Saraswat, Distinguished Scientist and ...
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LPG, kerosene subsidies — ONGC, OIL and GAIL have to bear only a third of the burden
THE Government has decided to burden Oil and Natural Gas Corporation, GAIL (India) Ltd and Oil Indian Ltd with only one-third of the subsidy borne by public sector oil marketing companies on sale of LPG and kerosene during the second quarter of ...
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Nasscom hails veto of anti-outsourcing legislation
NASSCOM has expressed happiness over the move by the Californian Governor, Mr Arnold Schwarzenegger, to veto certain legislation that attempted to prevent outsourcing of jobs to foreign countries. "We are awaiting specific details, but we are ...
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Pick a winner stock market contest
AMONG the entries received for the contest held in September, the stock of Softpro Systems posted the maximum gain of 196 per cent. The share price of the company rose from Rs 12.45 to Rs 36.85. There were five winning entries out of the 844 ...
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