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Andhra bids farewell to YSR
Former chief minister YS Rajasekhara Reddy, who died in a helicopter crash two days ago, was laid to rest on Friday by the side of his parents at his private estate at Idupulapaya in Pudivendula, his hometown. The embalmed body, which was kept in a wooden coffin, was buried at 5.30 pm.

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ITC open to raising stake up to 25% in EIH
Following reports that the cigarettes-to-hospitality major, ITC, could make a hostile bid to increase its stake in EIH, which runs the Oberoi hotel chain, ITC Chairman Y C Deveshwar today asserted that his company could even raise its stake up to 25 per cent in EIH.

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Jet, Malaysian Airlines ink code-sharing pact
India"s leading private carrier Jet Airways today entered into a code-sharing pact with Malaysian Airlines (MAS) enabling passengers to book tickets on each others flights between here and different destinations in India from next month.
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Farmax Retail plans to raise Rs 500 cr

Farmax Retail (India) today said its board has approved to raise funds up to Rs 500 crore through various routes including issue of foreign currency convertible bonds (FCCBs) and global depository receipts (GDRs). - Power, FMCG drag Sensex - Maruti, Tata Motors lead auto rally - Fedders Lloyd bags Rs 120 cr power project order - Bharati Ship extends gains after ABG exit - Flawless Diamond bags Rs 18 cr order - Asahi Infra bags Rs 8 cr housing order The fund raising plan also includes follow-on public offers (FPOs) and qualified institutional placements (QIPs). The board has also approved sub-division of shares in the ratio of 1:2 in the meeting held today, Farmax Retail said in a filing to the Bombay Stock Exchange. The company would hold an extraordinary general meeting of the shareholders on January 1, 2010 to get approval for the above matters, the filing added.


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