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Moneylife Digital Team 16 February 2011
Sundaram Mutual Fund new issue opens on 16th February and closes on 1st March Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-AK, a close-ended income scheme. The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market...

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Moneylife Digital Team 16 February 2011
Principal Mutual Fund new issue opens on 16th February and closes on 17th February Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-91 Days-Series XXVIII, a close-ended income scheme. The investment objective of the scheme is to build an income oriented portfolio and...

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Moneylife Digital Team 16 February 2011
JPMorgan Mutual Fund new issue opens on 16th February and closes on 21st February JPMorgan Mutual Fund has launched JPMorgan India Fixed Maturity Plan 400D Series 1, a close-ended income scheme. The investment objective of each of the schemes is to generate income through investments in...

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Moneylife Digital Team 16 February 2011
The Space Commission made this recommendation in a note to the CCS, saying priority is required to be given to the country's strategic requirements including societal ones New Delhi: The Space Commission has recommended to the Cabinet Committee on Security (CCS) that the controversial S-band...

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Moneylife Digital Team 16 February 2011
Wall Street closed lower on Tuesday on tepid economic news while most markets in Asia softened after opening higher in early trade despite analysts’ optimism on the Japanese economy The Indian market is likely to see a cautious opening on mixed global cues. Wall Street closed lower on Tuesday...

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Moneylife Digital Team 15 February 2011
To start with, SEBI is likely to make the new XBRL business reporting mechanism mandatory for mutual funds and then expand this system to other segments in phases New Delhi: The Securities and Exchange Board of India (SEBI) has proposed a new reporting system for mutual funds based on XBRL...

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Moneylife Digital Team 15 February 2011
H&M was investigated for making false announcements to influence the stock price and hiding information about acquisition of vMoksha The Securities and Exchange Board (SEBI) of India has finally imposed a Rs50 lakh penalty on controversial Helios and Matheson (H&M) Information Technology,...

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Moneylife Digital Team 15 February 2011
Payment towards health insurance claims by insurance firms rose by about 82.5% to Rs7,456 crore last year over 2008-09, according to data released by Insurance Information Bureau (IIB) New Delhi: Boosted by rising number of customers, premium collection by health insurance firms almost...

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Moneylife Digital Team 15 February 2011
Delhi-based public sector lender PNB will also buy out Principal and Berger Paints' stake of 26% and 25%, respectively in a proposed insurance broking company, which also did not get off the ground New Delhi: The Insurance Regulatory and Development Authority (IRDA) today said it has...

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Moneylife Digital Team 15 February 2011
The government is expecting to procure 26 million tonnes of wheat in the 2011-12 marketing year (April-March), 16% higher than last year's procurement of 22.52 million tonnes New Delhi: Buoyed by estimates of bumper wheat production, the government is targeting procurement of a record 26...

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Moneylife Digital Team 15 February 2011
The immediate resistance remains at 5,555 on the Nifty and 18,500 on the Sensex The market continued its upmove despite the Asian pack witnessing a mixed trend in the morning. Early gains were supported by buying in capital goods, consumer durables and power stocks. Volatility soon crept in,...

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Moneylife Digital Team 15 February 2011
Axis Bank has tied-up with 120 merchants to offer everywhere teller machine facility Axis Bank has launched its everywhere teller machine (ETM) service in India at Vijaywada, Andhra Pradesh. Debit card holders in Vijaywada, using this service, can now withdraw up to Rs1,000 in cash per day...

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Moneylife Digital Team 15 February 2011
State-owned Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, which raised petrol prices seven times since June last year, currently sell petrol at a loss of Re1-Rs2 per litre Panipat: The government has no plans to increase petrol and diesel prices...

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Moneylife Digital Team 15 February 2011
Atlanta net profit in the December 2009 quarter stood at Rs13.36 crore Mumbai-based infrastructure development company Atlanta Ltd said its net profit for the quarter ended 31 December 2010 dropped by 9.51% to Rs12.09 crore compared to Rs13.36 crore in the same quarter last year.     In...

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Moneylife Digital Team 15 February 2011
Man Industries reported net sales of Rs439.86 crore for the quarter ended 31 December 2010 Man Industries (India) Ltd, one of the leading pipe manufacturing companies, has reported a net profit at Rs25.67 crore during the quarter ended 31 December 2010, compared to Rs30.92 crore in the...

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Moneylife Digital Team 15 February 2011
Tata Motors cumulative sales for the fiscal (April 2010–January 2011) are 868,583 The Tata Motors Group global wholesales, including Jaguar Land Rover, were 98,998 in January 2011, a growth of 16% over January 2010. Cumulative sales for the fiscal (April 2010-January 2011) are 868,583 higher...

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Moneylife Digital Team 15 February 2011
In the December 2010 quarter, CRISIL registered consolidated total income of Rs631.05 crore for the year CRISIL Ltd said its consolidated profit after tax for the quarter ended 31 December 2010 was Rs205.47 crore as against Rs160.78 crore in the previous year, an increase of 27.8%. In the...

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Moneylife Digital Team 15 February 2011
The Central Board of Trustees had suspended investment in the housing finance company following disclosure of the bribe-for-loans scam in November 2010 in which top officials of the LIC Housing Finance were allegedly involved New Delhi: The trustees of the Employees' Provident Fund...

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Moneylife Digital Team 15 February 2011
Tata Mutual Fund new issue closes on 21st February Tata Mutual Fund has launched Tata Fixed Maturity Plan-Series 31 Scheme A, a close-ended income scheme. The investment objective of the scheme is to generate income and/or capital appreciation by investing in debt and money market...

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Moneylife Digital Team 15 February 2011
Sundaram Mutual Fund new issue closes on 18th February Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-AG, a close-ended income scheme. The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature...

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