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Another RIL cash raising on anvil
Reliance Industries (RIL), which raised Rs 2,675 crore through the sale of treasury shares on Monday, is looking to generate a similar amount over the next few weeks by selling more stock to institutional investors.

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Rupee to appreciate further
Strong portfolio capital flows into stock markets and direct investments will continue to push the rupee up against the dollar in 2010.

News of the day

Markets begin week in red; metals, Reliance drag Sensex
Fears of rising interest rates in the US dampened investor sentiments on Monday. The Sensex dropped over 100 points, to end below 17,000 after four trading sessions.
Small Business

DLF Q3 net declines 30% to Rs 468 cr

Realty major DLF today reported a 30.25 per cent decline in its net profit at Rs 467.89 crore for the third quarter ended December 31, 2009. - Whirlpool Q3 net up by two fold - Binani Cement Q3 net rises 573% - Union Bank Q3 profit slides 20% to Rs 534 cr - Dabur Q3 net jumps 28% to Rs 138 cr - PVR, DLF deal postponed to Feb 15 - Bank of Baroda Q3 net up 18% The company had a net profit of Rs 670.79 crore in the December quarter of FY09, DLF said in a filing to the Bombay Stock Exchange (BSE). However, total income of the company grew by 43.19 per cent to Rs 2,151.81 crore in the third quarter from Rs 1,502.79 crore in the corresponding period a year-ago. Shares of DLF plunged nearly 8 per cent to Rs 317 on the BSE today.


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