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Pak assures seriousness in 26/11 probe
Terming as "unfortunate" the stalled Indo-Pak talks, Pakistan has advocated delinking of resumption of composite dialogue from the 26/11 probe, saying it was "seriously" pursuing all the leads provided by India.

ICEX to go live from today
The bourse to start with seven contracts.

News of the day

India attractive mkt for US venture capitalists in '10
After a lull of investments in the venture capital space last year, the US venture capitalists are optimistic about the future prospects of this segment in 2010 and said that India and China would attract a large chunk of these fund flows, a study said.
Corporate

Shree Renuka Sugars jumps 4%

The stock jumped 4.24 per cent to Rs 227.65 to an all-time high, after the company acquired Vale Do Ivai SA (VDI), a Brazil-based sugar and ethanol firm. The acquisition includes two sugar and ethanol production facilities with a combined cane crushing capacity of 3.1 million tonnes per annum. - Shree Renuka at new 52-wk high on overseas acquisition - Renuka Sugars acquires Brazil firm for Rs 1,112 cr - Shri Renuka Sugars acquires Brazilian VDI - Crucial support at 4,950 - Shree Renuka seeks Brazilian sugar mills for supplies - Shree Renuka Sugars surrenders trading membership in NCDEX The enterprise value of VDI is $240 million. The company will acquire 100 per cent stake in VDI for $82 million and the balance is the assumed debt, which is to be paid over eight years.


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