Steel good factor

Sesa Goa jumped 15%, HDFC Bank gained 8% while Oracle Financial remained unchanged

Gainers:
Vedanta group firm Sesa Goa has acquired the assets of the upcoming steel plant of Bellary Steel & Alloys (BSAL), put on the block by a consortium of lenders led by IFCI, for Rs220 crore. The assets of BSAL have been transferred on ‘as is where is’ basis to Sesa Goa. Sesa Goa jumped 15% in the...

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High energy

Adani Enterprises jumped 11%, while Asian Paints ended 1% down

Gainers:
Adani Enterprises’ subsidiary Mundra Port and Special Economic Zone (MPSEZ) won a project to develop a coal import terminal at Visakhapatnam from the Visakhapatnam Port Trust. The project is worth Rs300 crore and is expected to be commissioned by 2014 with a capacity of handling 6.5 million metric tonnes of coal. Adani...

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Our best interest

The rate of interest for the Employees Provident Fund (EPF) has been recently raised by 1% to 9.5%, for a period of one year. This is a good gesture. Most banks have increased their deposit rates for deposits of two- to three-year tenures to double digits—the reason for such increase was because of rising inflation.

But I don’t understand why the government has neglected Post Office MIS...

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