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FinComm suggests new path for fiscal consolidation: Kelkar
The Finance Commission, which makes recommendations on sharing of tax revenues by the Centre and States, has suggested a new path for fiscal prudence in its report submitted to President Pratibha Patil today.

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Navy to undergo infrastructural development soon: Admiral
The Indian Navy would undergo infrastructural development in the next few years, Admiral Sureesh Mehta, Chief of the Naval Staff, said today.

News of the day

Sensex gains 189 points, led by Maruti Suzuki, SAIL
Indian stocks rose, led by steel and car makers, after the government said sales of the alloy to auto manufacturers rose in the first seven months of the financial year.
Public Relations

Kalpataru Power declines despite bagging orders

Kalpataru Power Transmission closed at Rs 1151, weaker by Rs 19 or 1.64%, on the BSE. The scrip had opened at Rs 1,199 and zoomed to a high of Rs 1,209 and a low of Rs 1145 during the day. Jan cement sales in high double-digit The counter clocked total trades of 0.36 lakh shares as against he wo-wek average of 0.30 lakh shares. --------------------------------------------------------------------------------------------------------------(Updated at 1027am) Kalpataru Power Transmission has advanced after the company bagged two orders worth more than Rs 250 crore from Algeria and Tamil Nadu Electricity Board recently. The scrip opened at Rs 1,180 and zoomed to a high of Rs 1,216. The scrip is now trading at Rs 1,198, up 2.5% from its previous close. The counter has clocked 24,465 shares on the NSE.


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