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RIL, ONGC lead stock surge
Heavy buying by foreign and domestic institutional investors saw the Bombay Stock Exchange (BSE) Sensex rise 2.25 per cent, or 339 points, to close at a 10-month closing high at 15,466. The rally was led by index heavyweights Reliance Industries (RIL) and Oil and Natural Gas Company (ONGC) as global crude oil price touched $71 a barrel after settling above $70 for the first time in over seven months. Firm global markets too helped the rally.

Gold hits the roof, touches Rs 16,220 for 10 grams
Gold today surged by Rs 250 to touch a new peak of Rs 16,220 per 10 gram in the bullion market here on frantic buying by stockists ahead of the festival season amid the global rates climbing to an 18-month high of $1,018.15 an ounce.

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Koutons Retail Q3 profit up 18% at Rs 15 cr
Apparel chain Koutons Retail India today said its net profit rose by 18.63 per cent to Rs 15.79 crore in the third quarter ended December 31, 2009 over the same period last fiscal.
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'275 mn 3G subscribers in India by 2013'

With the availability of 3G spectrum, about 275 million Indian subscribers will use 3G-enabled services, and the number of 3G-enabled handsets will reach close to 395 million by 2013-end, estimates the latest report by Evalueserve, a provider of Knowledge Process Outsourcing (KPO) services. - 275 mn 3G subscribers in India by "13: Evalueserve - StanChart to hire 2,000 staff; to open KPO in B"lore - 3G pre-bid conference date to be announced this week - Cabinet Secy calls meeting with DoT, Defence on spectrum release - 4G threatens to spoil govt"s 3G party - Auction 3G spectrum to only 4 operators, DoT tells EGoM Although the Centre has allotted two state-owned operators — Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) for the roll out of 3G services in over 12 Indian cities, the technology will gather steam only when private telecom operators are also allotted 3G spectrum, says the report. The growth in the 3G subscriber base is expected to be driven primarily by the adoption of the service by the urban (above poverty line) customer segment. This segment is expected to be the fastest adopter of the new technology.


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