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IL&FS hikes stake in Maytas Infra to 37.01%

Private lender Infrastructure Leasing & Financial Services (IL&FS) has increased its stake in Maytas Infra to 37.01 per cent by acquiring shares given as surety for a loan by the family of disgraced Satyam founder B Ramalinga Raju, promoters of the company.

Sugar bowl might turn bitter for Congress-NCP

Cane growers from the sugar bowl of Maharashtra are happy this time as the statutory minimum price (SMP) for sugarcane has been hiked to Rs 107.76 per quintal for the upcoming crushing season from Rs 81.18 a year ago. The politicians are happier and the happiest are political big-wigs of the ruling Congress-Nationalist Congress Party (NCP) democratic front as they want to en-cash this “feel-sweet factor” during the state assembly elections scheduled on October 13. However, these sugar barons are also swallowing the bitter pill of intra-party rebellion in this “green-belt” of the state.

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Shooting star

Olympic gold medallist Abhinav Bindra tells us how, when he wanted to quit his sport, the competitor in him just didn’t allow it

Public Relations

India Infoline Q2 net up 44.27 % to Rs 58 cr

Domestic brokerage firm India Infoline today said its consolidated net profit rose by 44.27 per cent to Rs 58 crore for the second quarter ended September 30, over the same period last year. Total income rose to Rs 313.6 crore in the latest quarter, against Rs 276.6 crore in the same period last fiscal, India Infoline said in a filing to the Bombay Stock Exchange.