Tuesday February 12, 2008

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Rel Power's retail investors poorer by Rs 475cr on entry day  

Mumbai, Feb 11:
Dreams of striking gold with the time-tested Reliance name came crashing down as retail investors of Anil Ambani group firm, Reliance Power, lost an astronomical Rs 475 crore on the day of its listing on Monday.
 
World equity markets lost $5.2 trillion 

Mumbai, Feb 11:
World equity markets lost a combined $5.2 trillion in January as emerging markets fell 12.44 per cent and developed markets lost 7.83 per cent to register one of the worst ever starts to a new year, according to Standard & Poor's.
 
SC dismisses Kerala appeal against Pepsi 

New Delhi Feb 11:
The Supreme Court today upheld the Kerala High Court verdict quashing an order of a panchayat that cancelled the licence of soft-drinks major Pepsi's plant at Kanjikode in Palakkad district.
 
IOC to invest Rs 9,000 cr  

New Delhi, Feb 11:
Government-run Indian Oil Corp will invest Rs 9,000 crore to improve quality of petrol and diesel produced at its refineries, a company press release said here.
 
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