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Sensex gains most in 11 weeks, up 4.27%
Stock markets were propelled by robust industrial growth data, the government’s reform initiatives and strong global markets. The Sensex ended the week higher by 690.55 points, or 4.27 per cent, at 16,848.83, while the Nifty closed at 4,998.95, up 202.80 points, or 4.23 per cent.

RNRL Q3 net up 3% to Rs 25 cr
Anil Ambani Group firm Reliance Natural Resources (RNRL) today reported growth of 3.30 per cent in net profit at Rs 25 crore for the third quarter ended December 31, 2009, over the same period last year.

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Broadcasters take Rs 100 cr bet with 25 new shows
With the Indian Premier League (IPL) cricket tourney behind them, general entertainment channels are back in business, with as many as seven leading broadcasters having invested around Rs 100 crore in launching over 25 new television shows on the small screen.
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Pepe Jeans earmarks Rs 50 cr to open 50 stores by Sep'10

Pepe Jeans India plans to open 50 more stores pan-India in the next 12 months which would give it a stronger market presence. Sensex ends up 35pts Launched in 1989 in the country, Pepe Jeans currently has a 25 per cent marketshare in the premium jeans and casual- wear segment. "We are targeting a 20 per cent growth in the next five years," Shah said. On the industry trend going forward, he said "in the next five years, growth will be controlled as the market is getting corrected." "Overall, the market in this segment has de-grown but we have grown as we have (captured) the market shares of some other brands," Shah said. On some players offering EMIs to increase the sales of their jeans wear and other accessories, Shah said such schemes could dilute the equities of those companies.Pepe Jeans is not in favour of such schemes, he said.


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