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IOC to take 26-49% in nuclear power plant with NPCIL
Indian Oil Corp, the nation"s largest oil firm, today said it will take 26-49 per cent stake in the Rs 10,000-crore nuclear power plant it will set up in collaboration with the Nuclear Power Corp of India.

Weekly review: Markets slip on inflation fears
Inflation proved to be the market"s Archilles heel this week. The Sensex traded in a narrow range of 582 points before ending weaker by 399 points at 16,719 and the Nifty closed at 4987, lower by 129 points. Dalal Street closed below the dotted line on four out of the five trading sessions.

News of the day

Japanese economy to grow 1.7% in 2010: IMF
The International Monetary Fund (IMF) has raised its growth forecast for the Japanese economy to 1.7 per cent for 2010, but has warned of an "uncertain" economic outlook.
Corporate

Eicher Motors gains on strong Q1 performance

The stock extended gains and surged to a new 52-week high of Rs 360 - up 6.5%. It finally ended at Rs 355, up 4.7%. The counter clocked comparatively heavy volumes of 15,401 shares as against its two-week daily average trade of 3,486. __________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green The stock opened at Rs 342 and surged 4% to its new 52-week high of Rs 352. It is now trading at Rs 350, up 3.5%. The stock has gained 159% from its 52-week low of Rs 135. Around 9,815 shares have been traded at the counter on the BSE so far. The fourth-largest commercial vehicle manufacturer in the country, Eicher Motors, reported on Saturday a 276% rise in its net profit for the second quarter ending June 2009 to Rs 19.79 crore, against the Rs 5.27 crore earned for in the similar period last year. Net sales for the April-June quarter increased by 11% to Rs 617.48 crore.


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