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Cabinet meet cancelled
A meeting of the Union Cabinet scheduled today was cancelled in view of Prime Minister Manmohan Singh"s visit to Kolkata to see the ailing CPI(M) leader Jyoti Basu.

Indian i-bankers upstage global big boys in volumes
The year 2009 was a difficult year for Indian merger and acquisition (M&A) deals. However, it established the supremacy of Indian investment bankers (i-bankers) by catapulting them to the top of the league table, leaving their international peers far behind.

News of the day

Dadri farmers want more time to return compensation
The farmers of Dadri in Ghaziabad district, where Anil Ambani-controlled Anil Dhirubhai Ambani Group (ADAG) has proposed a gas- based power plant, today urged the Uttar Pradesh government to grant more time for returning the land acquisition compensation paid by the company.
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Sloane Robinson ups stake in Indiabulls Real Estate to 5.42%

Foreign fund house Sloane Robinson LLP has hiked its stake in Indiabulls Real Estate to 5.42 per cent through open market share acquisition. - Foreign fund raises stake in Glenmark Pharma to 5.31% - NEWSALERT: Sloane Robinson raises its stake in Indiabulls to 5.08% - Lazard gets govt nod for India private equity fund UK-based Sloane Robinson LLP, as investment manager of various entities, has bought 19.82 lakh shares (0.50 per cent stake) of Indiabulls Real Estate Ltd through open market transactions, the realty developer said in a disclosure to the Bombay Stock Exchange (BSE). Post the transaction, Sloane Robinson holds a 5.42 per cent stake in Indiabulls Real Estate. The transaction of shares was executed on October 8, the disclosure added. The value of the transaction comes at about Rs 57 crore when calculated with the closing share price of Indiabulls Real Estate on October 8 on the BSE. In afternoon trade, shares of Indiabulls Real Estate were trading at Rs 282.60, down 3.63 per cent.


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