RIL pips HLL, Infy as Sensex driver
Mumbai: RIL has outshone HLL and Infy to emerge as the biggest contributor to the 500-point rally in the Sensex, thanks to the company's discovery of large gas reserves in the Godavari basin.
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Final cash offer at Rs 40 to Madura Coats shareholders
Mumbai: DSP Merrill Lynch Ltd has informed the Bombay Stock Exchange that J&P Coats Ltd (JPC), Scotland, with Coats Plc, had made an open offer (letter of offer dated September 17) to acquire up to 2,16,69,392 fully paid-up equity shares of Rs 10 each - 36.82 per cent of the equity capital of Madura Coats Ltd (MCL) at Rs 40 per share.
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Infosys, top holding for most diversified funds
Mumbai: Infosys Technologies is among the top holdings of most of the diversified equity funds, with over 6 per cent of the total assets under management invested in the software major shares, says a study.
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Dr Reddy's Lab: Court verdict crucial
Mumbai: A US District Court is to express an opinion on December 17 on an attempt by Dr Reddy's Labs to challenge an existing patent. The outcome will have a significant bearing on Dr. Reddy's drug roll-out plan there in the near future, and eventually the company's profit. The run-up to the decision and the outcome may be a dominant theme in equity market trading.
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