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FIIs hike holdings in 25 Sensex cos in Q1
Foreign Institutional Investors raised their holdings in as many as 25 Sensex companies in the first quarter of the current fiscal, riding on positive global cues and a decisive verdict in the general elections.

India Inc eyeing Sri Lanka for projects
A host of Indian companies are planning to develop projects across sectors in the island nation of Sri Lanka.

News of the day

Reading Raju's mind
On January 7, Ramalinga Raju confessed to his monumental fraud. He had, Raju said in a letter to the stock exchanges, cooked Satyam’s books for seven long years — revenue, profit, bank balance et al. Raju was soon arrested and put in the Chanchalguda prison. The Union government swung into action. A board was appointed to manage the affairs of the company. In a matter of months, Satyam was sold to Tech Mahindra.
Home Business

Koda Case: ED conducts searches at Emaar MGF's offices

The Enforcement Directorate today conducted searches on the premises of realtor Emaar MGF in connection with the multi-crore illegal Hawala and investment case involving former Jharkhand Chief Minister Madhu Koda. - ED to soon move court for Koda"s custody - ED gets arrest warrant against Koda"s close aide - Koda fails to appear before ED in Ranchi - Koda puts net assets at just Rs 1 cr at LS polls - ED focus on Mumbai firm to track Koda"s money - Koda"s interrogation likely to begin today The search followed the ED finding certain documents that showed Koda"s associates on the board of certain Emaar group companies, ED sources said. Emaar MGF is a joint venture between Dubai-based Emaar Properties and India"s MGF Development. Sources said one of Koda"s associates, Vikash Sinha, who is in judicial custody, has now disclosed that he and some others had invested on behalf of Koda in the same companies. When contacted, a Emaar MGF spokesperson did not offer any comments immediately.


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