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Private players seek end to third-party motor pool
While the Insurance Regulatory and Development Authority (Irda) is working on making third-party motor cover obligatory for non-life insurance companies along with rural and social sector obligations, private insurers want to abolish the fund, which is used to pay claims in this category.

DB Corp to raise Rs 450 cr via IPO
DB Corp, the publisher of Dainik Bhaskar, which is planning to enter new markets, would tap the capital market next week to raise around Rs 450 crore through an initial public offer.

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Luxury train project finds suitor
The Orissa tourism department"s plan to start a luxury train modeled on the famed Palace on Wheels has gained ground as a private player has evinced interest in investing in the project.
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Pantaloon Retail at 52-wk high

The stock jumped 8.4 per cent to Rs 377.30, a 52-week high, after the foreign institutional investor (FII) — Capital International A/c Emerging Markets Growth Fund Inc bought 1.09 million equity shares at a price of Rs 374.18 per share through block deal on the National Stock Exchange. - Resistance seen above 5,100 level - FIIs net buy Rs 193cr, DIIs net buy Rs 133cr - F&O OUTLOOK: Support can go down to 4,900 in near future - FIIs net sellers Rs 1,072cr on Wednesday - Support can go down to 4,900 in near future - FIIs net sellers Rs 1,081cr in F&O on Tuesday The company raised Rs 500 crore through QIP route last month by issuing 15.82 million equity shares at price of Rs 316 per share. Before this QIP the FII holding was 20.9 per cent and post QIP issue, the FII holding will drop to 19.2 per cent. The limit for foreign ownership in this segment is 24 per cent and this will open up the window for FIIs to buy up to 9 million or 4.8 per cent shares in the company.


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