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DLF exits venture with Prudential Financial
DLF Ltd has exited its asset management joint venture with US based Prudential Financial Inc (PFI), the real-estate firm said in a filing with the Bombay Stick Exchange on January 23.

1% of NSE and 6% of MCX on the block
One of the domestic financial houses plans to sell 450,000 equity shares of the National Stock Exchange (NSE), amounting to 1 per cent stake in the largest exchange in India. Sources said that one of the banks might be offloading a part of its stake. The process has already started with SBI Caps Securities, the investment banker for this transaction, asking for bids from institutions. Sources indicated that Rs 3,600-3,650 per share is being sought by the offloading entity.

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Telcos revenue drops in Sept qtr: Trai
The telecom industry added a massive 44.21 million new subscribers in the quarter ended September 2009, while the gross revenue of the operators has slipped marginally by 0.65 per cent during the same period, the Telecom Regulatory Authority of India (Trai) said here today.
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Govt to encourage pvt investments in shipping

The Shipping Minister said today that the ministry is taking all possible measures to encourage private sector investment in the shipping sector as major ports alone require over Rs 36,000 crore private investment by March 2012. - Govt ready to deal with Satyam-like frauds: Khurshid - Govt mulling next move on Telangana - Govt needs to tighten road safety norms: Nath - Orissa not ready for GST - WB govt requests Tatas to return Singur land - Not yet contacted by UK govt on Teeside plants: Tata "Our ports could handle an estimated one billion tonne traffic by 2011-12...Rs 36,868 crore private investment is required for the major ports" capacity addition and the government has introduced greater transparency in bidding system," Shipping Minister GK Vasan said here today, while releasing "India Maritime Report, Global Crisis-India Opportunity", by a private maritime research and consultancy firm i-Maritime here today. The ports capacity including at the 12 state-owned major ports and over 200 minor ports could be over a billion tonne by the end of the 11th Plan, he said, adding the last fiscal saw the domestic ports handling about 733 million tonnes cargo out of which 530 million tonnes were handled by the 12-major ports. Talking to the press later, he said the government is yet to take a view on shipping subsidy provided to shipbuilders and discussions are on.


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