India News

India Exchanges find New Investors

It is generally noticed by the whole world when the billionaire investor, George Soros makes a bet. This time he is in news as he is all set to buy the 4% stake in Bombay Stock Exchange currently held by Dubai Holding. This marks a very good bet on the story of the Indian Exchange which is finally getting some well deserved attention. The new affair with the exchange of India continues as the London Stock Exchanges and the National Stock Exchange have agreed through a letter of intent to assess strategic business opportunities and also work towards greater co-operation in the future.

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Hindustan Media Ventures makes a strong debut

Hindustan Media Ventures makes a strong debutOn the initial day of trade on Wednesday, shares of Hindustan Media Ventures went up almost 14% in excess the initial issue price of Rs 166. Hindustan Media Ventures (HMVL) which publishes the Hindi daily Hindustan made a debut on a strong note at Rs 170, up 2.40% on its issue price of Rs 166 on the BSE. The scrip shot up 15.60% to lay hands on an intra-day high of Rs 191.90 on the Bombay Stock Exchange. It at long last finished the day at Rs 189.20, up almost 14%.

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REC had reported its profit after tax has gone up by 24%

According to Rural Electrification Corporation (REC), it saw a rise of twenty four percent in its profit after tax (PAT) taking the amount to five hundred and eighty seven crores for its first quarter which ended on 30th of June 2010. The total income has gone up by twenty eight percent amounting to one thousand nine hundred and twenty eight crores of rupees.

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High metal prices may concern TVS Motor

Renewed investor interest could be seen on Wednesday in the trading of TVS Motor’s stock. The company which is India’s smallest listed two-wheeler producer has announced that it will give one bonus share for each existing share.

TVS Motor stocks within the day’s trade saw a new high which it had not attained in the last fifty two weeks ,for its announcement and of course its performance in the first quarter.

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