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Sobha Developers raises Rs 527 cr through QIP
Construction firm Sobha Developers today said it has raised Rs 526.89 crore through qualified institutional placement (QIP) by allotting over 2.51 crore equity shares of Rs 10 each.

Mobile operators' revenue dips
The per second billing introduced by telecom companies has come as a boon to millions of mobile users in the country, but it is proving to be a bane for cellular service providers as it is affecting their revenues, feel industry experts.

News of the day

Oracle Financial Services Q3 net dips 14% to Rs 227 cr
IT solutions provider Oracle Financial Services Software today reported a 13.68 per cent decline in consolidated net profit at Rs 227 crore for the quarter ended December 31, 2009.
Management

Markets weak in morning trades

The markets opened on a flat note amid mixed global cues. However, bears were soon seen active following yesterday"s weakness. The Sensex drifted to a low of 16,778, down 109 points from the day"s high. The Sensex is now down 72 points at 16,805. The NSE Nifty is down 24 points at 5,009. The market breadth is fairly negative - out of 2,292 stocks traded so far, 1,369 have declined, and 855 have advanced.


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