Jet Airways dips over 5% after fresh hurdle looms over deal with Etihad Airways

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Share of Naresh Goyal-promoted Jet Airways tanked over 5 per cent in early trade on Bombay Stock Exchange (BSE) after fresh hurdles emerged in the way of the company’s deal with Etihad Airways. In a fresh development, the Abu Dhabi-based airline is putting a host of conditions, which include an option to buy up to 49 per cent stake in the firm.

Reliance Communications falls over 2% on growing debt concerns

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Shares of Reliance Communications, an Indian broadband and telecommunications company, declined over 2 per cent in early trade on Bombay Stock Exchange (BSE) on persisting concerns over company’s poor performance in the December quarter. Lack of positives, growing debt and shrinking revenues of the telecom operator prompted investors to book pro

Alok Industries slips on decision to exit retail business

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Shares of Alok Industries fell over 1 per cent in early trade on Bombay Stock Exchange (BSE) after company decided to exit its retail venture by parting ways with London-based Savile Row Co. Both Alok and Savile decided to end the joint venture after the Indian counterpart wanted to focus on its core business, shift from non-core businesses that has u

SKS Microfinance tanks nearly 4% on Rs 50 lakh fine

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Shares of non-banking finance company SKS Microfinance declined nearly 4 per cent in early trade on Bombay Stock Exchange (BSE) after the Insurance regulator Irda imposed a fine of Rs50 lakh. The insurance regulator has slapped the huge penalty after finding that the company collected extra funds, apart from the premium, as a corporate insurance agent

Thomas Cook up over 2% on strong Q4 numbers

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Shares of tour and travel firm Thomas Cook (India) gained over 2 per cent in early trade on Bombay Stock Exchange (BSE) after posting strong numbers in the three months period ended December 31, 2012. The company has reported a growth of 70.03 per cent in its consolidated net profit at Rs 8.57 crore for the fourth quarter ended December 31, 2012. Ridi

Kingfisher Airlines up 5% as promoter releases employees’ salaries

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Shares of the beleaguered Kingfisher Airlines jumped 5 per cent during the early trade on Bombay Stock Exchange as promoter Vijay Mallya started releasing salaries to its employees, reviving hopes of license renewal. At 09:44 hours, shares of the company were trading at Rs 11.05 a piece, up 4.94 per cent from previous close on BSE. The stock

RIL up over 1% on plans to invest Rs 27-k cr to boost KG-D6 output

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Shares of Reliance Industries Ltd (RIL) gained over 1 per cent during the early morning trade on Bombay Stock Exchange (BSE) after the company, along with UK’s BP Plc, announced plans to invest over Rs 27,000 crore in the next three to five years to increase production from KG-D6 block. The CEOs of the two companies, after meeting Petro

Hotel Leela Venture zooms over 15% on sell-off of Chennai IT park building to RIL

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Shares of Hotel Leela Venture, an Indian luxury hospitality group, rallied over 15 per cent in early trade on Bombay Stock Exchange (BSE) after the company executed an agreement with Reliance Industries to sell its IT park building located in Chennai on Monday. "The company's board has approved to sell the Company's IT Park Build

Trent spurts over 3% on buy out of TVS Capital’s stake in Landmark

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Shares of Tata Group retail arm Trent Limited jumped over 3 per cent in the early trade on Bombay Stock Exchange (BSE) after its board approved a proposal to buy private equity fund TVS Shriram Growth Fund's entire stake in Landmark Ltd, for Rs 84 crore. "The company's board has approved to purchase from TVS Shriram Growth Fund I its enti

Kingfisher Airlines flies high on hike in loan limit

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Shares of Vijay Mallya led domestic carrier Kingfisher Airlines witnessed a spurt of 5 per cent in early trade on Bombay Stock Exchange (BSE) after its group holding firm United Breweries (Holdings) announced to hike its loan limit for the ailing carrier from Rs 300 crore to Rs 750 crore. In another development, cash-strapped airline has star

Mahindra & Mahindra Financial Services rallies over 9% on strong volumes

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Shares of Mahindra & Mahindra Financial Services, India's premier non-banking finance companies (NBFC), soared over 9 per cent in early trade on Bombay Stock Exchange (BSE) amid strong volumes. During the day’s trading so far, as much as 1.38 lakh shares have changed hands, as compared to a two week average of 30,000 shares.

Shree Renuka Sugars spurts over 4% on decontrol buzz

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Continuing its gaining streak for second straight day, shares of sugar producer Shree Renuka Sugars gained over 4 per cent in early trade on Bombay Stock Exchange (BSE) as investors turned edgy on decontrol buzz. On Friday, the Food Minister KV Thomas said that Centre is likely to take a decision on decontrol of sugar in next 15 days following the rec

HCL Infosystems tanks over 4% on weak numbers

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Shares of IT infrastructure services provider dipped over 4 per cent in the early trade on Bombay Stock Exchange (BSE) after posting disappointing numbers in the three months period ended December 31, 2012. The company has reported a net loss of Rs.28.67 crore on standalone basis for the quarter ended December. Weighed down by numbers, shares of the c

India Cements spurts nearly 3% on plan to invest Rs 700 cr in Rajasthan

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Shares of South India's largest cement maker by volume, India Cements gained nearly 3 per cent in the early trade on Bombay Stock Exchange (BSE) after the company proposed to invest around Rs 650-700 crore to expand its capacity in Rajasthan. The company has planned this strategy on the backdrop of growing demand of in Gujarat & MP. "We a

Investors give thumbs-down to Suzlon Energy on weak Q3; scrip plunges nearly 17%

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Shares of country’s largest wind turbine maker Suzlon Energy tanked by nearly 17 per cent in the early trade on Bombay Stock Exchange (BSE) after its net loss widened four times in the third quarter ended December. The company has reported a consolidated net loss of Rs 1,154.5 crore in the third quarter ended December 2012 corresponding to Rs 28

Wipro plunges on exit from Nifty

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Shares of India’s third largest software exporter Wipro Ltd fell nearly 3 per cent in the early trade on Bombay Stock Exchange after reports that the IT major will be removed from benchmark index Nifty from April 1. India Index Services & Products Ltd, an NSE-Crisil joint venture that maintains Nifty index, on Wednesday announced that IT maj

JSW Steel slips as consolidated net loss widens in Q3

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Shares of Sajjan Jindal led JSW Steel on Wednesday slipped on the Bombay Stock Exchange in the early morning trade as the company’s consolidated net loss widened to Rs 73.9 crore during October-December 2012. At 09:35 hours, shares of the company were trading at Rs 795 a piece, down 1.39 per cent from previous close on BSE.

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Bharti Airtel down on reports of DoT’s notice demanding additional spectrum usage charges

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Shares of India’s largest telecom firm Bharti Airtel slipped in the early trade on Bombay Stock Exchange amid reports that the telecom department has issued fresh notices to the company, along with two others, demanding an additional revenue share for spectrum usage from 2008 onwards. At 09:45 hours, shares of the company were trading at Rs 321

Kingfisher Airlines dips nearly 5% on lenders decision to recall dues

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Share of cash-strapped domestic carrier Kingfisher Airlines tanked nearly 5 per cent to its lowest intraday level in early trade on Bombay Stock Exchange (BSE) after the lenders decided to recall their loans given to company. The lenders have come up this conclusion after realizing that the company has not been able to come up with a viable business p

Fortis Healthcare zooms over 12% on robust Q3

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Shares of country’s leading hospital chain operator Fortis Healthcare zoomed over 12 per cent in the early trade on Bombay Stock Exchange (BSE) after the company posted robust growth in its October-December quarter numbers. The company has reported 26-fold rise in its consolidated net profit at Rs 705.03 crore for the quarter ended December, on

Tata Motors spurts over 4% on rise in JLR global sales

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Shares of the auto giant Tata Motors jumped over 4 per cent to its highest intraday level in early trade on Bombay Stock Exchange (BSE) after the company’ owned Jaguar Land Rover (JLR) reported 32 per cent increase in global sales for January at 34,877 units. "January sales were up across every major market with sales up 74 per cent in Chin

HPCL falls over 2% on weak Q3

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Shares of State-run oil exploration and production company Hindustan Petroleum Corporation Ltd (HPCL) declined over 2 per cent in the early trade on Bombay Stock Exchange (BSE) after the company reported slump in its October-December quarter numbers. The company has reported a decline of 94.79 per cent in its net profit for the third quarter ended Dec

Britannia Industries spurts nearly 2% on strong Q3

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Shares of Britannia Industries, an Indian food-products corporation based in Kolkata, gained nearly 2 per cent in the early trade on Bombay Stock Exchange (BSE) after its October-December net profit beat market expectations. India’s second largest biscuit maker Britannia Industries has reported better-than-expected growth of 11 per cent in conso

Hexaware Technologies falls over 2% on weak Q4

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Shares of Hexaware Technologies, an information technology and business process outsourcing service provider company, declined over 2 per cent in the early trade on Bombay Stock Exchange (BSE) after the company reported slump in its October-December quarter numbers. The company has reported a decline of 25 per cent at Rs 66.2 crore for the quarter end

Unitech plunges over 17% on new allegation against Sanjay Chandra

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Shares of the real estate firm Unitech nosedived by over 17 per cent in the early trade on Bombay Stock Exchange (BSE) after CBI questioned company’s managing director Sanjay Chandra, who is an accused in the scam. As per a media report, the CBI has removed its lawyer in the 2G spectrum allocation scam case for allegedly colluding with Sanjay Ch