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Popular Articles

Two-in-one phones catch on
Users are increasingly taking to dual-SIM handsets, which enable two connections on a single device.

Hyundai to invest Rs 800 cr on small car for India
South Korean car maker Hyundai will invest around Rs 800 crore to develop a small car for the Indian market that is likely to be launched in the next two years.

News of the day

F&O OUTLOOK: Nifty likely to trade above 5,100 this week
The Nifty convincingly closed above the 61.8 per cent retracement levels of 4,940 on short-covering. The V-shape recovery is expected to continue with the Nifty likely to complete 100 per cent retracement this week of its recent fall from 5,181 to 4,538. Options data suggest the index has strong support at 4,900 and is building fresh support at 5,000.
Public Company

Allcargo Global to raise Rs 101 cr via debenture issue

Allcargo Global Logistics today said it will raise Rs 100.97 crore by issuing debentures to Black Entities (Investors) on preferential basis. - Logistics sector to touch $125 bn by 2010: Assocham - Markets at a glance - Gati March 2009 quarter loss at Rs 17cr - Four Soft implements solution for Polish firm - Allcargo acquires 5.97% stake in Gateway Distriparks - India Cements to set up two power plant of 50 Mw each The board has approved to allot 10.81 lakh fully convertible debentures to Blackstone Entities (Investors) at Rs 934 a piece, aggregating to Rs 100.97 crore, Allcargo Global said in a filing to the Bombay Stock Exchange. Further, the board has also approved the stock split in the ratio of 1:5, the filing added. Shares of Allcargo Global Logistics were trading at Rs 854.95 on BSE, up 1.77 per cent from previous close.


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