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| Today's News |
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March 11, 2010
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FII net inflow in equities crosses $2 bn
New Delhi: The strong post-budget rally has seen the net inflow from foreign institutional investors (FIIs) crossing the US$ 2-billion mark so far this year. |
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Indian stocks better than China in long-term returns: Franklin Templeton
New Delhi: According to Franklin Templeton Investments, India offers better long-term returns on stocks than China, given the outlook for economic growth and corporate earnings. |
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ITsAP sees 20% growth in exports in FY11
Chennai/Hyderabad: The IT and ITeS Industry Association of AP (ITsAP) expects growth of about 20 per cent in software exports from Andhra Pradesh in the next financial year, according to its President, Mr Narasimha Rao. |
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Siva Group buys stake in Norwegian mineral water brand
Chennai: The Chennai-based Siva Group, a US$ 3-billion (Rs 14,000 crore) diversified conglomerate, has acquired a 50 per cent stake in Isklar, a Norwegian glacial natural mineral water company. |
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Thermax, Babcock ink JV for supercritical boilers
Mumbai: Power solutions provider, Thermax Ltd, has signed an agreement with US-based Babcock & Wilcox Power Generation Group, Inc for forming a joint venture to manufacture supercritical boilers for the Indian power sector. |
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Areva awarded switchyard contract of 1,000 Mw
New Delhi/Lucknow: Energy transmission and distribution major, Areva T&D India Ltd, has been awarded a contract for the construction of switchyard for Uttar Pradesh Rajya Vidyut Utpadan Nigam's 1,000 mega watt (MW) thermal power project in Sonebhadra district to meet the increasing power demand in the state. |
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K'taka mulls global financial district
Chennai/Bengaluru: The Government of Karnataka plans to set up a global financial district in Devanahalli as a hub for financial institutions to cater to industrial banking and finance. The government will adopt a public private partnership (PPP) or joint venture (JV) model for the district, according to the state's Minister for Large and Medium Industries, Mr Murugesh Nirani. |
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