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| Patni to hire up to 1,500 next year | 23-NOV-09 |
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| India’s sixth largest information technology services provider, Patni Computer Systems, has firmed its hiring plans for 2010. It plans to hire 1,200-1,500 employees, with almost 75 per cent of this lot being graduating students, for which the company will visit campuses towards mid-December. |
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| Bajaj to raise Pulsar production | 23-NOV-09 |
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| Bajaj Auto is betting big on its Pulsar bike and plans to raise production to 90,000 units per month, in the next six months with a sales target of one million units per annum by the end of next financial year. |
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| L N Mittal doubles his stake in Ophir Energy | 23-NOV-09 |
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| Steel magnet Lakshmi N Mittal has paid over $10 million to double his stake in Africa- focused Ophir Energy Plc to 21.2 per cent, even as he exited the oil and gas business in the Central Asian nation Kazakhstan. |
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| Mixed week for Smart Portfolios | 23-NOV-09 |
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| With the exception of Ajay Parmar, fund managers found it difficult to negotiate the volatile markets. The Smart Portfolios benchmark, the S&P CNX 500 rose by 0.75 per cent during the week. An investment of Rs 10 lakh in the benchmark at the start of Season II on September 1, 2009, is today valued at Rs 10.80 lakh, a gain of 8 per cent. |
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| Analysts' corner | 23-NOV-09 |
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| Bharat Electronics’ (BEL) order backlog at the end of October 2009 stood at Rs 12,260 crore, up 18 per cent from Rs 10,390 crore as on April 1, 2009. The company has seen healthy order inflows of Rs 3,950 crore in the first half of 2009-10 and expects more to follow in the second half. Nevertheless, some of the orders received also relate to “off-set clause” as per the new defence procurement policy. The brokerage feels that the “off-set provision” for defence procurement has opened new avenues for the company’s growth. |
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| Trinamool not allowing development work in Purba Medinipur: CM | 23-NOV-09 |
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| West Bengal Chief Minister Buddhadeb Bhattacharjee today charged the Trinamool Congress with hampering development work in Purba Medinipur, saying the Opposition party is "not allowing" the setting up of a number of industries in the district. |
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| Banned autorickshaws very much in business | 23-NOV-09 |
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| The polluting two-stroke autorickshaws banned from the streets of the metropolis by the Calcutta High Court, have quietly begun running in the suburbs after being repainted green and yellow to resemble LPG-run three-wheelers. |
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| ICICI, Infy among best firms for nurturing talent | 23-NOV-09 |
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| As many as five Indian companies, including ICICI Bank and Infosys Technologies, rank among the top 12 companies in the Asia Pacific region for being instrumental in building leadership capability within their organisation. |
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