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Moneylife Digital Team 05 April 2011
Ashok Leyland reported its highest-ever monthly sales in March at 12,168 units, registering a 21% jump over the same month previous year Hinduja Group flagship firm Ashok Leyland reported its highest-ever monthly sales in March at 12,168 units, registering a 21% jump over the same month...

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Moneylife Digital Team 05 April 2011
Suven Life Sciences has received the US health regulator’s approval for its API manufacturing facility at Pashamylaram in Andhra Pradesh Hyderabad-based Suven Life Sciences said it has received the US health regulator's approval for its active pharmaceutical ingredients (API) manufacturing...

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Moneylife Digital Team 05 April 2011
FMCG player Godrej Consumer Products will hike prices of its household insecticide products soon due to high input cost FMCG player Godrej Consumer Products (GCPL) said it will hike prices of its household insecticide products soon due to high input cost. "We are taking a price hike soon...

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Moneylife Digital Team 05 April 2011
SBI Mutual Fund new issue closes on 5th April SBI Mutual Fund has launched SBI Debt Fund Series-370 Days 13, a close-ended income scheme. The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio...

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Moneylife Digital Team 05 April 2011
ICICI Prudential Mutual Fund new issue closes on 11th April ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 54-1 Year Plan C, a close-ended income scheme. The investment objective of the plan is to seek to generate regular returns by investing in a...

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Moneylife Digital Team 05 April 2011
HDFC Mutual Fund new issue closes on 7th April HDFC Mutual Fund has HDFC FMP 182D April 2011 (1), a close-ended income scheme. The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing...

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Moneylife Digital Team 05 April 2011
Franklin Templeton Family Solutions is a pre-packaged investment solution positioned at investors seeking convenient ways to plan for their financial goals Franklin Templeton Investments (India) has launch of Franklin Templeton Family Solutions. This is a pre-packaged investment solution...

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Moneylife Digital Team 05 April 2011
S-Tel CEO Shamik Das and Unitech Wireless managing director Sigve Brekke are also scheduled to appear before the PAC today New Delhi: Reliance Communications chairman Anil Ambani was today questioned by Parliament's Public Accounts Committee in connection with alleged irregularities in the...

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Moneylife Digital Team 05 April 2011
Raising the stake will help Suzlon to automatically get the rest of the shareholders to sell because under German laws, a shareholder with 95% holding in a company can initiate a 'squeeze-out' procedure, under which the remaining shareholders have to sell their shares Mumbai: Wind turbine...

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Moneylife Digital Team 05 April 2011
According to Srei Infra chairman and managing director Hemant Kanoria, the use of Sarfaesi Act will enable the company to settle recovery disputes faster and dispose of 'fictitious' cases and help in better stress asset management Kolkata: Srei Infrastructure Finance will soon seek the...

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Moneylife Digital Team 05 April 2011
While global markets have brushed aside concerns related to crude prices, smaller-than-expected rise in corporate earnings weighed on investors The local market is likely to open on a flat-to-positive basis on mixed cues from the global arena. Wall Street closed flat overnight as investors...

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Moneylife Digital Team 04 April 2011
Expect Sensex to touch 20,000 and Nifty to touch 6,000 The domestic market opened higher after taking a breather on Friday, supported by positive global cues. The Sensex opened 54 points higher at 19,474 and the Nifty at 5,842, up 16 points over its previous close. Auto, IT, metals and...

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Moneylife Digital Team 04 April 2011
High prices have not slowed demand; gold as investment will have to compete with a wider range of options India's cumulative annual demand for gold is expected to increase to over 1,200 tonnes by 2020, an estimated growth of 30%, according to the World Gold Council (WGC). This is valued...

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Moneylife Digital Team 04 April 2011
"With 26% foreign equity element of FDI in insurance business, not many foreign players are keen to make a foray in it ever since this industry was opened up for a limited competition way back in 1999," SMC Global Securities CMD Subhash Chand Aggarwal said New Delhi: Pitching for raising the...

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Moneylife Digital Team 04 April 2011
Huntsman Corporation has taken over Laffans Petrochemicals, and has also taken the ownership of the company’s 60 kilo tonne ethylene oxide derivatives facility at Ankleshwar The American chemicals major Huntsman Corporation said it has taken over Gujarat-based chemicals producer Laffans...

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Moneylife Digital Team 04 April 2011
MMTC has invited bids for the supply of 2,500 tonnes of technical grade prilled urea for industrial use Trading firm MMTC has invited bids for the supply of 2,500 tonnes of technical grade prilled urea for industrial use. Bids will close on 7th April and a decision on awarding the tender...

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Moneylife Digital Team 04 April 2011
Bajaj Auto has clocked a 12% jump in sales in March this year to 3,07,738 units from 2,74,277 units in the same month last year The country's second largest two-wheeler maker Bajaj Auto (BAL) said it clocked a 12% jump in sales in March this year to 3,07,738 units from 2,74,277 units in the...

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Moneylife Digital Team 04 April 2011
Steel Strips Wheels has won an export order worth about Rs2 crore from Austria-based KFZ, a part of the Alcar Group Auto components manufacturer Steel Strips Wheels Ltd (SSWL) said it has won an export order worth €3,00,000 (about Rs2 crore) from Austria-based KFZ, a part of the Alcar Group.

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Moneylife Digital Team 04 April 2011
In an article, titled “Asia-Pacific Nonlife Insurance: Natural Catastrophes and Economic Factors Will Polarize Growth and Profit Potential,” S&P has downgraded its outlook on the Indian insurance industry to negative from stable Credit rating agency Standard and Poor's (S&P) has published its...

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Moneylife Digital Team 04 April 2011
Royal Sundaram Alliance Insurance Company has expanded its distribution network by opening three new branches in Tumkur (Karnataka), Cuddapah (Andhra Pradesh) and Dindigul (Tamil Nadu) Royal Sundaram Alliance Insurance Company has expanded its distribution network by opening three new...

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