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Raja takes on BJP over spectrum distribution
Facing allegations of irregularities in spectrum allotment, Telecom Minister A Raja today hit out at the BJP saying free distribution of radio frequency among operators during the NDA regime may have cost the country over Rs 1.6 lakh crore.

IT engg services to touch $50 bn by 2020: Nasscom
India has emerged as a dominant player globally in providing IT engineering services, with the sector set to touch $50 billion by 2020, a Nasscom-Booz study said.

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Oil be alright
Abu Dhabi banks: Abu Dhabi’s banks are in an odd position. They look more exposed to the real problem areas in neighbouring Dubai than most western banks. But they have a better trump card.
Home Business

Ansal Infra to raise Rs 203 cr

Real estate developer Ansal Properties & Infrastructure today said that it will raise Rs 203 crore through issue of shares on prefertial basis and issue of warrants. - Omaxe launches Rs 100 cr township proj in Allahabad - Ackruti City Q1 net profit dips 95% to Rs 7.20 cr - Don"t follow Chinese in establishing SEZs: Book - Credai welcomes cut in stamp duty on residential projects - Puravankara budget housing project gathers steam - Puravankara Projects net down 70% In a filing to the Bombay Stock exchange, the company said that it will raise funds by issuing up to 1.65 crore warrants to promoters and promoters group through preferential issue. In addition it will issue up to 1.26 crore of equity shares of Rs 5 each, by way of preferential issue to IPRO Funds Ltd, Mauritius, a registered Foreign Institutional Investor (FII). The company will place the matters before the shareholders at the Annual General Meeting on September 29, 2009. The shares of Ansal infra was trading at Rs 80.55 down 4.53 per cent from its previous close.


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