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Popular Articles

DoT to seek Cabinet nod for Rs 10,000-cr defence proj
The Department of Telecom (DoT) will approach Cabinet shortly seeking allocation of Rs 10,000 crore to prepare an optical fibre cable (OFC) network for defence forces in the next three years in lieu of release of spectrum for mobile services.

Markets at a glance
The markets began on a weak note with the BSE Sensex closing at its six-week low on Monday. Later, robust advance tax numbers triggered a rebound in the broader indices. Corporate advance tax payments for the quarter were up 44 per cent to Rs 48,300 crore against a decline in June quarter and a 15 per cent increase in September quarter. The market gained in three out of the four trading sessions in the week. While volumes were low ahead of an extended weekend on account of Christmas. FIIs bought stocks worth Rs 1,360 crore. The Sensex rose 640 points or 3.8 per cent to 17,361, while Nifty gained 190 points or 3.9 per cent to 5,178. However, mid caps and small caps underperformed.

News of the day

Next hearing in Balco arbitration in January
The next date for arbitration hearings on the terms of sale of the government’s residual 49 per cent stake in Bharat Aluminium Company (Balco) to Sterlite Industries is January 31. A three-day hearing by a panel of three retired judges of the Supreme Court concluded today.
Management

Satyam allots 75,090 equity shares under stock options

Satyam Computer today said it has allotted 75,090 equity shares to its employees, under its stock options plans. - Satyam starts module for non-billable staff - Tech Mahindra offer may not get full subscription: analysts - Top Satyam executive to sell shares in open offer - Satyam board not for recommending support to open offer - Satyam board meets to discuss cost-cutting moves - Satyam, Tech M continue to please mkts The board has approved the allotment of the shares, under the employee stock options plans of the company, Satyam said in a filing to the Bombay Stock Exchange. After the allotment, the paid-up share capital of the company stood at Rs 195,35,94,874 up from Rs 195,34,44,694, the filing added. Shares of Satyam were trading at Rs 78.90, down 2.41 on the BSE.


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