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Affordable housing to play key role in 2010: CREDAI
Affordable housing segment will play a key role in driving growth for India"s real estate sector in 2010 on the back of pick up in demand, a top industry body has said.

Take a long holiday
A strong brand, robust performance and healthy growth prospects provide comfort, but the IPO pricing caps any near-term gains.

News of the day

Rift between CM, Reddy brothers widens
The rift between Karnataka chief minister B S Yeddyurappa and his mine-owning ministerial colleagues continued as they stepped up their campaign against a new cess imposed on lorries transporting iron ore. Tourism minister G Janardhana Reddy, himself a mine owner in the ore-rich Bellary district, took the lead in holding parleys with like-minded fellow miners since yesterday to mobilise support against the Rs 1,000 cess on each lorry load of iron ore, sources close to them said here. There are 92 licenced owners of mines in the district and about 40 of them have been carrying on mining.
Public Relations

Sensex still in red; Tata Motors tumbles 5%

The Sensex remains in the negative zone and is now at 16,808, down 35 points. - UTV Software to raise $150 mn for expansion, retiring debt - Sensex slips into red after +ve start - RIL bonus fails to cheer Sensex - Bull run may go bust in 2 months: Jhunjhunwala - Samvat 2065 gives record returns - Siemens bags Rs 403 cr contract from Qatar-based firm The NSE Nifty is at 4,995, down six points. Bharti Airtel has advanced 3% to Rs 345. Reliance Communications have soared over 2.5% to Rs 253. DLF has added 2% to Rs 427. Tata Steel, Jaiprakash Associates and Infosys are up over 1% each. Tata Motors has slumped 5% to Rs 558. SBI, ITC and HDFC have declined around 1.5% each. The BSE Consumer durables and realty indices are up 2% each. The market breadth is positive, out of 2,285 shares traded, 1,290 advanced and 917 declined so far on the BSE.


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