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Popular Articles

Positive returns on the cards, but no sharp surge
Inflation, a number of large issues and high valuations may weigh on indices; Sensex expected to trade at a historical average P/E of 15 on FY11 earnings.

'No stoppage of work in Arunachal even if China objects'
Even as work on border road construction in Jammu and Kashmir was stopped after Chinese objection, Arunachal Chief Minister Doorjee Khandu has asserted that his government will not succumb to any such pressure.

News of the day

RLD to gherao cane mills till price rise announced
Demanding higher prices for sugarcane in Uttar Pradesh, Rashtriya Lok Dal President Ajit Singh has said that if sugarcane farmers did not get the right price for their crop, they will gherao the cane mills and stop the supply of their produce to them.
Home Business

Govt approves conversion of loan to HPL into equity

The government today approved the conversion of its Rs 128 crore loan to state-run Hindustan Prefab (HPL) into equity to help the company becoming a viable enterprise. "With this approval, the accumulated losses will be set off against equity, and the company is expected to emerge as a viable and profit-making Central Public Sector Enterprises in the coming years," Information and Broadcasting Minister Ambika Soni said after a Cabinet meeting here.


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