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At its meeting held Aug. 14, 2007, the board directors of Akar Tools have sanctioned a dividend of 15% or Rs 1.50 a share of Rs 10 each for the fiscal 2006-07.

Akar Tools declared a fantastic jump in its quarterly net profit for June 2007. The company’s income boosted 2.18 times, to Rs 9.09 million, from Rs 4.17 million in the same period of the last year.

According to the reports Reliance Retail is ready to open up 500 hypermarkets crosswise the country by next three years (2010).

The company showed a glance of its jumbo plans by opening up a huge 165,000 sq.ft hypermarket RelianceMart in Ahmedabad, which is largest complete format store in the country.

With weak worldwide markets activating a substantial sales event, the Sensex plunged over 650 p

Zuari Industries touched its 52 week high of Rs 254.90.

According to technical analyst, Rajat K Bose Tata Steel is the best stock to reap gains in the long-run. The stock will burst after 9-10 months, so it’s better to hold the stock to make higher profits.

Bose told, “The base metals or steel are looking very weak. I was checking the LME base metals charts, alluminium, teen, copper, zinc, they are all looking pretty bad. Some of them have actually gone below 200-day; alluminium has done that recently and has given a sell signal.”

Lima: A strong earthquake shook coast of Peru near the capital. 17 are feared dead as it tumbled buildings and caused hundreds to flee office buildings in Lima. A tsunami warning was issued for South America’s Pacific coast.  

A church in city of Ica, south of Lime toppled killing 17 people and injuring 70, according to cable new station Canal.  

US Geological Survey said the 7.5 magnitude earthquake hit about 145 km southeast of Lima at a depth of about 41 km. The quake toppled houses and caused panic in capital.