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Moneylife Digital Team 22 October 2010
The Indian market is likely to open higher tracking the global markets. Wall Street ended with marginal gains in the midst of a volatile session on a stronger dollar and positive earnings reports. Markets in Asia were trading mixed in early trade on strong earnings figures posted by US companies...

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In Coal India’s prospectus, two figures have got altered. SEBI, whose decisions are often biased and whimsical, has insisted that investors must be allowed to withdraw their bids on such a negligible mistake The Securities and Exchange Board of India (SEBI), whose decision-making has always...

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Moneylife Digital Team 21 October 2010
In the past, companies have left out significant information like pending litigation against them from their red herring prospectuses. Coal India, however, was pulled up just for a typographical error Has the Securities and Exchange Board of India (SEBI) been unduly harsh with Coal India Ltd...

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Moneylife Digital Team 21 October 2010
Brokerage firm Aditya Birla Money’s fancy scheme for the rich incurred heavy losses amid wrong bets. It has required intervention from the very top to set things right  In the high stakes game of wealth management, where revenue generation usually takes precedence over client welfare, all it...

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Moneylife Digital Team 21 October 2010
Hydro-mechanical equipment supplier, OM Metals Infraprojects Ltd in joint venture (JV) with SEW Ltd has won a contract worth Rs144  crore from Madhya Pradesh Water Resource Department. The scope of work includes over flow and non-over flow construction of concrete dam including HM components...

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Moneylife Digital Team 21 October 2010
Commercial and residential property developer, Mahindra Lifespace Developers Ltd (MLDL), said its net profit for the second quarter ended 30 September 2010 increased to Rs24.7 crore, a rise of 42%, from Rs17.3 crore. Net sales stood at Rs89 crore, an increase of 40%, against Rs63.5 crore for...

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Moneylife Digital Team 21 October 2010
Kotak Mahindra Bank Ltd said it has registered consolidated net profit of Rs364.1 crore for the quarter ended 30 September 2010 against Rs299.8 crore for the corresponding quarter of 2009. Interest earned was Rs1,449.3 crore compared with Rs1,106 crore for the quarter ended September 2009....

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Moneylife Digital Team 21 October 2010
Automobile manufacturer Ashok Leyland Ltd said its net profit for the second quarter ended September 2010 stood at Rs167.1 crore as against Rs88.6 crore in the same quarter last year. Net sales rose 72% to Rs2,714 crore from Rs1,577.7 crore, said the company in a statement. The company's...

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Moneylife Digital Team 21 October 2010
State-owned Canara Bank Ltd reported a 10% rise in net profit at Rs1,007.8 crore for the second quarter ended 30 September 2010. The Bank had a net profit of Rs910.5 crore in the same quarter of the last fiscal, Canara Bank said in a filing to the Bombay Stock Exchange (BSE). The lender...

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Moneylife Digital Team 21 October 2010
Religare MF floats Religare Fixed Maturity Plan-Series III-Plan F, HDFC Mutual Fund launches HDFC FMP 100D October 2010 (2), SBI Mutual Fund launches SBI Debt Fund Series-370 Days- 7, Samriddhi offer launched for festive season, BSNL announces new schemes for festival season Religare MF floats...

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R Balakrishnan on saving  and   investing prudently 21 October 2010
Investing through mutual funds is still the best bet; but you need to choose schemes carefully and stay invested for the long term I have met quite a few investors over the past couple of weeks. While the market is running away towards an all-time high, there is a lot of discomfort among...

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Moneylife Digital Team 21 October 2010
New Delhi: The Coal India Ltd (CIL) initial public offer (IPO) has attracted a whopping inflow of about Rs1.20 lakh crore from foreign institutional investors (FIIs), more than the record Rs1.08 lakh crore (about $24 billion) they have invested in the Indian stocks so far this year, reports PTI.

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Moneylife Digital Team 21 October 2010
New Delhi: State-owned exploration and production (E&P) major Oil and Natural Gas Corporation (ONGC) today wrote to Cairn Energy Plc insisting that the UK-based firm will need its explicit nod before it can sell its India unit to Vedanta Resources Plc, reports PTI. ONGC, which partners Cairn...

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Moneylife Digital Team 21 October 2010
Shimla: Agriculture Produce Market Committees (APMCs) and State Agricultural Marketing Boards (SAMBs) have been included in the list of institutions eligible for income tax exemption (I-T) under the proposed Direct Taxes Code (DTC) Bill, reports PTI quoting an official spokesman of the state...

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Moneylife Digital Team 21 October 2010
Ahmedabad: Gujarat, the state which pioneered the concept of the Special Investment Region (SIR), will establish 12 new industrial hubs in the next 5-6 years and expects the private sector to play a leading role in facilitating the process, reports PTI. "We have 12 more such projects in the...

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Moneylife Digital Team 21 October 2010
The Indian market is likely to open on a positive note taking cues from the global arena. Wall Street erased most of the losses accrued on Tuesday supported by good earnings reports and a weak dollar. The Asian pack was trading with modest gains in early trade on optimism in the US markets. The...

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Moneylife Digital Team 20 October 2010
Ask a question about how much the Indian market is dependent on FII investment and fund managers will flood you with myths and wishful thinking Indian markets almost hit their all-time high in October, primarily led by the copious inflows from foreign institutional investors (FIIs). FII...

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Moneylife Digital Team 20 October 2010
New Delhi: LIC Pension Fund, an arm of the country's largest insurer Life Insurance Corporation of India (LIC), has approached interim regulator Pension Fund Regulatory and Development Authority (PFRDA) seeking permission to invest in initial public offers (IPOs), which will help it take part in...

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Moneylife Digital Team 20 October 2010
New Delhi: The prime minister's economic advisory panel has said that diesel prices should be freed from government control "as early as possible", a suggestion if accepted will lead to a price hike of Rs2.87 per litre, reports PTI. "I think the sooner it (deregulation of diesel prices) is done...

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Moneylife Digital Team 20 October 2010
Realty company Godrej Properties Ltd has clocked net profit of Rs32.9 crore in the second quarter ended 30th September, down from Rs44.7 crore posted in the year-ago period. Total revenues declined to Rs83.7 crore in the second quarter financial year 2010-11 from Rs98.9 crore in the...

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