The financial end of telecom deal between Telenor and Unitech is likely in January 2009 instead of December 2008, Unitech stated in its announcement made to the BSE.

Big Bazaar, Retail chain major plans to establish 240 new hypermarkets across the country, of which 48 will be located in Maharashtra by 2010-11. Of late, it has rolled out its second hypermarket in Nasik over 41,000 sq ft with an investment of Rs.3 crore.

Tyre major Ceat currently trades at Rs 38.40, down by 0.95 points or 2.41% from its earlier closing of Rs 39.35 on the BSE.

LIC Housing Finance (LICHF) presently trades at Rs 225.70, which is up by 1.95 points or 0.87% from its previous closing of Rs 223.75 on the BSE. The stock opened on the higher side at Rs 227 and has touched a high of Rs 229.10 and a low of Rs 224.60. So far, 60,004 shares were traded on the BSE.

World Bank rejected the IT Company, Satyam Computers’ request for an apology on the statement issued by the bank commanding an eight year ban on any business with the IT major.

Unitech is presently trading at Rs 38.45, up by 1.35 points or 3.64% from its previous closing of Rs 37.10 on the BSE.

Unitech, real estate giant, which has been in the news lately, announced on Thursday that it will lessen its workforce as part of its cost cutting initiatives.

The indices enlarge their profits on buying support in heavyweights in pre-noon trades. Realty, metal, banking and oil & gas stocks were in demand whereas the BSE IT index dipped on the lower side. On the global front, markets in Asia traded mixed while Wall Street ended with marginal gains in a truncated session on Wednesday.

The stock opened at Rs 1,295 and has touched a high of Rs 1,310 with a low of Rs 1,285. So far 1,88,374 shares were traded on the BSE.

Satyam Computer Services is presently trading at Rs 140 up by 5.05 points or 3.74% from its previous closing of Rs 134.95 on the BSE.