Editor's Desk

FIIs net sellers of Rs 304 cr in cash segment on Thursday

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Foreign institutional investors (FIIs) were net sellers of Rs 304.45 crore (provisional) in the cash mart on Thursday, as per the information posted on the BSE website. While FIIs made gross purchases of Rs 1,232.91 crore, their gross sales amounted to Rs 1,537.36 crore. Domestic institutional investors (DIIs) were net buyers of Rs 3.96 crore … Read more FIIs net sellers of Rs 304 cr in cash segment on Thursday

Ansal Properties to develop ten thousand affordable homes

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Ansal Properties and Infrastructure has decided to develop ten thousand affordable homes in Uttar Pradesh and Rajasthan. The company will invest about Rs 500 crore in the next one-and-half year in this regard. The housing units will be ready for delivery within 18 months. The company already has land in possession where the projects are … Read more Ansal Properties to develop ten thousand affordable homes

Zee Entertainment Reduces Guidance

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Zee Entertainment Enterprises (ZEEL) held a conference call to discuss the third quarter ended December 31, 2008. Mr Subhash Chandra, Chairman addressed the call. Highlights of the call The Company has reduced its guidance from earlier guidance of advertising and subscription revenue growth of 30% and bottomline growth of 30%. The advertising revenues for FY09 … Read more Zee Entertainment Reduces Guidance

Biocon – To start clinical trials Phase 3 for Type II Diabetics

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Biocon came out with the financial results for the quarter ended December’08 and held a tele conference call on 21st January’09 to discuss the performance as well as future course of actions. The following are the key takeaways from the meet are as follows. The consolidated total income from operation for the quarter ended December’08 … Read more Biocon – To start clinical trials Phase 3 for Type II Diabetics

India Infoline – Insurance broking Diversification

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India Infoline held its conference call on 21st January 2009 to discuss on the company’s performance for nine months ended December 2008. Financial Highlights For the quarter ended December’08. India Infoline (IIL) has report fall of 26% in its consolidated income from operations to Rs 230.14 crore, driven by the fall in its major Equities … Read more India Infoline – Insurance broking Diversification