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Wkly Tech Analysis: Old highs may be tested
The year 2009 ended on a high note, with benchmark (BSE & NSE) indices registering best yearly gains in the last two decades and touching fresh 19-month peaks. The year, however, will be most remembered for the Sensex and the Nifty hitting the upper circuit for the first time.

Sunanda K Datta-Ray: It's payback time
Sunanda K Datta-Ray / New Delhi November 21, 2009, 0:08 IST

News of the day

Union Bank may raise $500 mn overseas
Union Bank of India is planning to raise $500 million through bonds by the end of this financial year to fund its global operations. The money would be raised under its medium-term note (MTN) programme from the overseas market by March.
Business Opportunities

RIL abstains from bidding under NELP

Drawing a poor response, India"s largest oil and gas licensing round saw a total of 76 bids being received for 36 out of 70 blocks on offer. Reliance Industries abstained from bidding for the 70 exploration blocks on offer in the eighth round of auction under the NELP, companies like BHP Biliton of Australia, BG of UK and Cairn Energy were the only notable companies besides home grown giants like ONGC, the Joint Secretary (Exploration), Ministry of Petroleum and Natural Gas, D N Narasimha Raju, said. Jan cement sales in high double-digit Of the 10 coal bed methane (CBM) blocks on offer, bids were received only for 8. RIL bid for one block. Of the 24 deep water blocks on offer, bids were received only for eight. 13 shallow water blocks received bids while 10 small onland blocks got 37 bids while five larger onland blocks got 10 bids.


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