INVESTOR INTEREST


Moneylife Digital Team 19 October 2010
Kolkata: The proposal for anchor investors is being kept open by the government for the forthcoming public offer by public sector undertakings (PSUs), though it was dropped in the case of the mega initial public offer (IPO) of Coal India Ltd (CIL), reports PTI. "We are not dropping the anchor...

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Moneylife Digital Team 19 October 2010
Global outsourcing services company Aegis, said it will acquire remaining shares of its joint venture business process outsourcing (BPO) Actionline in Argentina. No financial details were provided. Aegis said it signed an agreement with Y&R Inversiones Publicitárias S.A. and its business...

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Moneylife Digital Team 19 October 2010
Construction company RPP Infra Projects Ltd said it received an approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The company proposes to deploy the net proceeds of the issue for investment in special purpose vehicles (SPVs) for...

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Moneylife Digital Team 19 October 2010
Mangalore Chemicals & Fertilisers Ltd recorded an around 127% increase in net profit to Rs33.8 crore for the second quarter ended 30 September on higher sales. The company, which predominantly deals in the fertiliser segment, had recorded Rs14.9 crore net profit during the year-ago period, it...

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Moneylife Digital Team 19 October 2010
Ratings agency CRISIL Ltd said its third quarter net profit jumped 75% to Rs75.4 from Rs43.1 crore as its revenues grew 20%. For the third quarter to end-September, the ratings agency said its total revenues rose to Rs159.1 crore from Rs1323.9 crore, a year ago. CRISIL has declared an...

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Moneylife Digital Team 19 October 2010
State Bank of Bikaner and Jaipur (SBBJ) reported a 48% rise in its net profit at Rs127.5 crore in the second quarter of the 2010-11, driven by higher interest income. The bank had net profit of Rs90.1 crore during the same period last fiscal, SBBJ said in a statement. For the half-year...

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Moneylife Digital Team 19 October 2010
Bajaj Auto Ltd (BAL) reported 69.3% jump in its net profit for the quarter ending 30 September to Rs682.1 crore from Rs402.8 crore on the back of its highest ever quarterly motorcycle sales. The company's total revenues during the second quarter to end-September, rose 50% to Rs4341.8 crore...

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Moneylife Digital Team 19 October 2010
Bengaluru-based Biocon Ltd said it signed an agreement with Pfizer for global commercialisation of its biosimilar versions of insulin and insulin analog products, including recombinant human insulin, glargine, aspart and lispro. No financial details were provided. According to the agreement,...

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Moneylife Digital Team 19 October 2010
The market witnessed a highly choppy session today. Although the indices opened firm, they were in and out of the red quite a few times and ended with cuts of nearly a percent at the end of the day. The Indian market opened in the green and touched the day’s high in initial trade on...

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Moneylife Digital Team 19 October 2010
New Delhi: Gold prices surged by Rs135 to Rs20,085 per ten grams in the national capital today on emergence of frantic buying by stockists and jewellers to meet ongoing festival and marriage season demand, reports PTI. Gold is just Rs35 short of the Rs 20,120 per ten grams record last seen on...

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Moneylife Digital Team 19 October 2010
New Delhi: The Telecom Regulatory Authority of India (TRAI) today said it would come out with the second generation (2G) spectrum pricing norms by the end of this month, reports PTI. When asked if the regulatory body was likely to come out with the 2G pricing norms by the end of October, TRAI...

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Moneylife Digital Team 19 October 2010
A quick look at the latest developments in the world of personal finance UTI is the first fund house to launch SIP investments via NSE-MFSS platform; Tata Housing ties up with MHFC to construct homes for urban lower income families in Vashind; MetLife launches new term insurance product online;...

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Moneylife Digital Team 19 October 2010
New Delhi: Iron ore major Sesa Goa today said it was awaiting regulatory clearances to go ahead with its domestic growth plans aimed at doubling its annual production capacity to 50 million tonnes by 2011-12, reports PTI. "Primarily, we are awaiting various clearances to raise capacity of our...

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Moneylife Digital Team 19 October 2010
New Delhi: The country's largest lender State Bank of India's (SBI) first retail bond issue of Rs1,000 crore was subscribed over 17 times on the opening day, showing enthused participation from investors, reports PTI. The issue, which opened for subscription yesterday, will close on 25th...

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Moneylife Digital Team 19 October 2010
Mumbai: Engineering and construction major Larsen & Toubro (L&T) today said it has received an order worth Rs 1,449 crore from DB Power for the Bhaskar Group company's Chhattisgarh project, reports PTI. L&T will execute the balance of plant (BOP) package for DB Power's 2x600MW thermal power...

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Moneylife Digital Team 19 October 2010
The local market is likely to see a flat-to-positive opening today. Wall Street closed in the green overnight on earnings boost from Citigroup and economic data. The Asian pack was mostly higher on Citigroup’s positive earnings report and ambiguous economic news from the US. The SGX Nifty was up...

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Moneylife Digital Team 18 October 2010
New Delhi: The government is planning to come up with guidelines based on which the telecom operators will be allowed to continue using the spectrum after the expiry of their licence period, reports PTI. Telecom operators are given licences by the Department of Telecom (DoT) to offer services...

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Moneylife Digital Team 18 October 2010
Mumbai: Clearing air on marketing freedom on natural gas, the government today said companies will continue to have the right to discover the market price of the fuel and government will in no way dictate the rates, reports PTI. "The decision of Supreme Court in the famous case has not been...

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Moneylife Digital Team 18 October 2010
MCX-SX, promoted by Financial Technologies, was prevented from launching equities trading in India. But it faced no troubles in launching two new exchanges in six weeks, first in Singapore and then in Mauritius Three weeks after the Indian regulator Securities and Exchange Board of India...

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Moneylife Digital Team 18 October 2010
The Indian market, which traded in the negative zone for a major part of the day, sprang a surprise to recoup in the last half-hour and close with little gains. The market opened weak this morning on lacklustre global cues. The pre-open call option, introduced by the stock exchanges today,...

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