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FM wields deficit stick on 3G bid
Finance Minister Pranab Mukherjee has asked Communications Minister Andimuthu Raja to complete the auction of the third generation (3G) spectrum within the agreed deadline (February 15), so that the revenue from it can be reflected in the Union Budget for 2009-10. Mukherjee had earmarked Rs 30,000 crore as revenue from 3G auction, which has already been delayed by a year, in the Budget. http://smallpersonalloans.org.uk

GM in pact with Reva for producing electric vehicles
US-based car maker General Motors today joined hands with Reva Electric Car Company to develop and produce electric vehicles in the Indian market as part of its plan to make the country a global hub for environment friendly vehicles.

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Top 10 firms add Rs 32,000 cr last week
The country"s top 10 firms added Rs 32,000 crore to their market capitalisation last week, with public sector oil firm Oil and Natural Gas Corporation (ONGC) contributing the major chunk.
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Sensex ends up 10pts

The Sensex has ended (provisional) at 17,696 - up 10 points. The Nifty ended (provisional) at 5,282 - up for points. _________________________________________________ Cox & Kings Q3 net jumps 88% to Rs 19 cr UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit (Updated at 1400 pm) The BSE Sensex continues to move flat and is now at 17,671, down 16 points. The NSE Nifty is at 5,274, down three points. The BSE Healthcare and the realty indices are firm, up 2% and 1%, respectively. Tata Power is the top gainer on the Sensex, up 3% at Rs 1,456. Grasim Industries has added 2.5% to Rs 2,700. Mahindra & Mahindra, Reliance and ONGC are the other major gainers on the BSE, up 1-2% each. Among the list of losers, Hindalco and Maruti has shed 3.5% each to Rs 169 and Rs 1,464, respectively. IT stocks like TCS and Wipro are down 2% each at Rs 735 and Rs 691, respectively. Jaiprakash Associates, Tata Steel, Infosys, Hero Honda and Reliance Infrastructure have declined 1% each. The market breadth has turned negative, out of 2,919 shares traded, 1,416 have declined and 1,434 have advanced so far on the BSE.


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