| India Inc takes swap route to beat FCCB redemption blues | 21-NOV-09 |
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| Indian companies have discovered a new path to beat the redemption pressure on their Foreign Currency Convertible Bonds (FCCBs). They are swapping the old FCCBs, which had high conversion premium, with new bonds at a much lower rate. |
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| Suzlon Energy's three promoters pledge 2.8 cr shares | 20-NOV-09 |
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| Wind power turbine maker Suzlon Energy today said its three promoters have, in total, pledged a further 2.80 crore shares, taking the total shares pledged by the company's promoters to 28.28 per cent. |
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| Suzlon opens wind farm in Australia | 19-NOV-09 |
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| Wind energy major Suzlon Energy has officially opened Infigen Energy’s Capital wind farm, the largest wind farm in Australia at Bungendore in New South Wales. |
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| REpower's H1 net profit rises 21.5% | 13-NOV-09 |
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| REpower, the German subsidiary of Suzlon Energy, has posted a 21.5 per cent increase in net profit at ¤17.5 million (Rs 121.9 crore) for the first half of 2009-10, from ¤14.4 million (Rs 100.3 crore) in the previous year, thanks to its healthy order book position. |
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| Markets at a glance | 09-NOV-09 |
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| The markets staged a recovery after a steep correction during the first half of last week. The trading was characterised by bouts of sharp intra-day volatility, especially in the last three trading sessions. The BSE Sensex managed to cross the 16,000 level during the last sessions of the week. During the week, the Sensex rose 262 points or 1.65 per cent to 16,158, while Nifty rose 84 points or 1.79 per cent to 4,796. However, mid-caps outperformed the broader indices during the week, whereas small-caps underperformed. FIIs were net sellers initially, but started buying during the second half of the week. |
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| VRL looking to exit its wind power business | 06-NOV-09 |
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| Logistics and transport major VRL Logistics Ltd (VRL) is looking at exiting its 42.5 Mw wind power venture at Mundargi in Gadag district of Karnataka, because of delayed receivables from the sale of power as well as its high operational costs. The Hubli-based company had forayed into the wind energy business in 2007 by setting up the venture for Rs 250 crore. |
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| Suzlon: Done to debt | 05-NOV-09 |
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| The financial crisis and the subsequent downturn have hit Suzlon badly and the pain continues to linger. |
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| Suzlon slumps on Q2 net loss | 03-NOV-09 |
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| The stock extended losses and touched a low of Rs 58 - down 13% from the previous close. The stock ended at the day's low with trades of over 22.15 million shares, as against its two week daily average trade of 6.39 million shares. |
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| Suzlon Energy posts huge net loss of Rs 356 cr | 02-NOV-09 |
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| Wind turbine supplier, Suzlon Energy, has posted a net loss of Rs 356 crore for the quarter ended September 30, 2009 against a net loss of Rs 23 crore for the corresponding previous quarter. |
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| Suzlon scales down forecast | 02-NOV-09 |
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| Suzlon Energy, the world’s third-largest wind turbine supplier, has scaled down its sales forecast for the current year to 1,900-2,100 megawatts (Mw) from the 2,400-2,600 Mw guidance given earlier, owing to delay in execution of orders. |
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| Suzlon's loss widens to Rs 356 cr | 01-NOV-09 |
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| Wind turbine supplier Suzlon Energy posted a Rs 356-crore loss in the quarter ended September 30, compared with a Rs 22.84-crore loss posted in the same period last year, owing to lower volumes. |
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