| Shipping: All hands on deck | 23-NOV-09 |
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| The upswing in Baltic Dry Index numbers recently to a 14 month high closing at 4661 on 19 November 09, raised hopes that a revival for the shipping sector is afoot sending shipping stocks zooming. Freight and tanker rates dropped sharply in July - September 09 quarter, but gained strength in October 09 which has sustained through November 09 as well. |
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| Bharati Shipping, ABG sail ahead on open offer nod | 19-NOV-09 |
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| Bharati Shipyard ended at Rs 165, higher by Rs 1 or 0.88%, on the BSE. The stock had opened at Rs 166 and touched an intra-day high of Rs 174 and a low of Rs 164. Total trading volumes of 218,525 shares were registered on the counter as against the two-week average of 99,782 shares. |
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| I-T says unearthed Rs 122cr un-assessed income from ABG | 09-OCT-09 |
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| The Directorate General of Income Tax (investigation) today claimed it has unearthed Rs 122 crore 'un-assessed' income during its search operations at ship building and repairing major ABG Shipyard's establishments. |
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| I-T raid on ABG Shipyard offices, official residences | 07-OCT-09 |
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| Income Tax (I-T) authorities are carrying out search operations at various establishments of the ship- building and repairing firm, ABG Shipyard, for alleged tax evasion, an Income tax Department source said. |
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| Stock price of Great Offshore unsustainable: Analysts | 03-OCT-09 |
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| As the takeover battle between Bharati Shipyard and ABG Shipyard for Great Offshore heats up, analysts feel it is the right time for retail investors to book profits, as the fundamentals of the target firm’s stock do not support sustainability of its current price. Ever since the bidding war between Bharati and ABG started in June, Great Offshore’s stock has jumped significantly. |
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| Current stock price of Great Offshore unsustainable: Analysts | 02-OCT-09 |
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| As the takeover battle between Bharati Shipyard and ABG Shipyard for Great Offshore heats up, analysts feel it is the right time for retail investors to book profits as the fundamentals of the target firm's stock do not support sustainability of its current price. |
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| Sebi may ok Bharati's offer for Great Offshore in 10 days | 29-SEP-09 |
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| Bharati Shipyard is likely to get stock market regulator Sebi's nod for an open offer in about 10 days for its acquisition bid for offshore drilling company Great Offshore, which is also being targeted by ABG Shipyard. |
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| ABG to counter Bharati's bid for Great Offshore | 18-SEP-09 |
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| The bidding war for Great Offshore ratcheted up a notch with ABG Shipyard saying it would come out with a counter-offer to rival Bharati Shipyard’s offer of Rs 560 a share announced on Wednesday after it acquired 3.1 per cent from the open market to take its total holding to 22.4 per cent. |
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