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Retail stocks nosedive as hide & seek continues at Dalal Street

After two consecutive days of green and cheers, the bears are back with a bang on Dalal Street. While the BSE Sensitive Index or Sensex shed 674.28 points, the fifty share index Nifty shut shop at 3,338.40, down 180...

Retail stocks remain bear as Sensex goes red

Retail stocks continued to plunge on Tuesday as the Sensex dipped, losing 17 points, to close the day at 11783. The benchmark index of the Bombay Stock Exchange, the Sensex, after rising by over 379 points in the early session...

SVP to develop The Opulent

Real estate firm SVP Group has announced that the company is coming up with its first shopping centre, The Opulent, at Delhi-Uttar Pradesh border in Ghaziabad. The centre will be opened around March 2009. Spread across approximately two lakh square...

PVR sells arm to JP Morgan and ICICI

PVR, one of the country’s largest multiplex chains, has sold its stake worth Rs 120 crore in its production and distribution unit to JP Morgan Global Special Opportunities Group and ICICI Venture Funds Management Company. Announcing this, Ajay Bijli, managing...

AIPL and CapitaLand join hands to develop malls

Advance India Projects Ltd (AIPL), one of the leading realtors in the country, has entered into a joint venture with the Singapore-based CapitaLand Limited to invest, develop and manage retail projects in India. The AIPL CapitaLand joint venture will initially...

PVR looks eastwards

This financial year will witness the Rs 180-crore multiplex chain PVR Cinemas foraying into eastern India. PVR is looking at locations like Rajarhat, Howrah, Siliguri, Durgapur and Orissa, and plans to effectively tap the opportunities in tier II and...

PVR Q3 revenue up by 70 per cent

PVR Limited has announced its unaudited results for the quarter and half year ended December 31, 2006. The revenues, net of entertainment, sales and service taxes, for the quarter – Rs.41.58 crore – grew by 70 per cent and...
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