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Spencer's to prune investments per store
Spencer’s, the retail arm of the Rs 13,500-crore RPG Enterprises, will be focusing more on large format stores this fiscal and prune down investments per store in order to beat recession blues and turn the company profitable.

Amar Singh rules out withdrawal of resignation
Senior Samajwadi Party leader Amar Singh today ruled out withdrawal of his resignation from party posts, saying he would "not slog" for the organisation the way he used to.

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NPS annual fee may come down by Rs 70
The annual maintenance charges for subscribers of the New Pension System (NPS) may come down by Rs 70 from April. National Securities Depository (NSDL), the record-keeper for NPS, expects over one million people to join the scheme in the next six months, leading to a reduction in the account maintenance fees from Rs 350 to Rs 280.
Management

Raj Oil Mills ends at marginal discount on debut

Raj Oil Mills finally settled at Rs 118 on the BSE today. The debutant touched an intra-day high of Rs 133, up 6.5% from its opening. The counter clocked a volume of over 17.3 million shares on the first day. ____________________________________________________________ BSNL employees seek PM"s help; demand change in mngt Siemens to invest Rs 1600 cr in India Raj Oil Mills made its debut on the BSE today at Rs 125, at a premium of 7% or Rs 9.15 to its issue price of Rs 120 per share. The stock is now trading at Rs 119 The stock soon touched a high of Rs 133 after opening at the exchange. As the trading progressed, the scrip fell to a low of Rs 115. The counter witnessed trades of over 12 million shares so far. The initial public offer(IPO), which opened on July 20, was fully subscribed on the final day of the offer. The IPO received bids for over 98.16 lakh equity shares against the offer size of 95 lakh shares. It also got a positive response from non-institutional investors, as it was subscribed nearly 1.5 times by them. The company reported a net profit of Rs 29.62 crore on sales of Rs 317.76 crore in the year ended December 2008.


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