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Moneylife Digital Team 03 September 2010
New Delhi: The government will allow unrestricted export of 55 lakh bales of cotton from 1st October but dispatches beyond the ceiling would attract export duty of Rs2500 per tonne, reports PTI quoting a government official. Cotton production this season, starting next month, is projected at...

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Moneylife Digital Team 03 September 2010
Chandigarh: State-owned insurance major Life Insurance Corporation of India (LIC) today said that will invest a sum of Rs1,000 crore to develop a mall-cum-office complex at Mohali, reports PTI. "The expected investment in developing a mall-cum-office complex in Mohali will be Rs1,000 crore...

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Moneylife Digital Team 03 September 2010
New Delhi: The government today decided to allow the export of about 2,50,000 tonnes of sugar over the next three months, enabling mills to meet a part of their total export obligation of nearly one million tonnes, reports PTI. Mills had imported 20.75 lakh tonnes of sugar in the 2004-05 crop...

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Moneylife Digital Team 03 September 2010
Tata Teleservices said it has given China's Huawei Technologies a contract to roll out its third-generation mobile network. No financial details were not provided. On Friday, Tata Teleservices shares rose 1.54% to Rs23.2 on Bombay Stock Exchange, while the benchmark Sensex closed 0.1% down at...

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Moneylife Digital Team 03 September 2010
Venky's (India) Ltd, formerly Western Hatcheries Ltd, said it undertook an expansion programme with an investment of about Rs50 crore in poultry products segment. Venky's is engaged in animal health products, pellet feeds, processed, and further processed chicken products, solvent oil...

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Moneylife Digital Team 03 September 2010
Wind turbine manufacturer Suzlon Energy Ltd said it won a 30 MW order from Altrade Group through its two group companies - Tarini Minerals (P) and Indrani Patnaik. No financial details were provided. Suzlon will set up, operate and maintain the project to be installed at wind farms in the...

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Moneylife Digital Team 03 September 2010
Commercial vehicle maker Ashok Leyland Ltd reported a 56.4% jump in commercial vehicle sales at 7,480 units in August 2010 from 4,784 units a year ago. Its domestic sales stood at 6,705 units in August 2010 as against 4,233 units in the same month last year, up 58.4%, it added. Exports...

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Moneylife Digital Team 03 September 2010
Steel Strips Wheels Ltd (SSWL) said it has won an order from a German company in the winter wheels segment in Europe. SSWL will supply about 4,000 wheels to the German company and would earn foreign exchange of about 45,000 euro, said the company in a statement. This German company...

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Moneylife Digital Team 03 September 2010
IDFC Mutual Fund launches IDFC Fixed Maturity Plan Yearly Series 33; HDFC Mutual Fund launches HDFC FMP 370D September 2010 (1); IDBI Mutual Fund launches IDBI Nifty Junior Index Fund; Kotak Life Insurance launches two new ULIPs; Bajaj Allianz Life Insurance launches two new ULIPs; Central Bank of...

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Sanket Dhanorkar 03 September 2010
The NSE volatility index or India VIX slumped to its all-time low yesterday, indicating a large downside risk to the market In a major indication that a significant market correction is imminent, the National Stock Exchange (NSE) volatility index ended at 16.15 yesterday - the lowest on a...

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Moneylife Digital Team 03 September 2010
New Delhi: The government today said that some of the coal blocks lying in the "no-go" areas, which could not be used for mining, may be shifted to the go-areas, a move to expedite clearance for ultra mega power projects (UMPPs), reports PTI. Ministry of environment and forests has classified...

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Munira Dongre 03 September 2010
Capacity expansion could bring good growth in volumes and margins for the steel maker over the next couple of years Prakash Industries is a steel maker with facilities in Champa and Raipur in Chhattisgarh. Besides producing steel (0.7 million tonnes per annum or mtpa), the units also make...

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Munira Dongre 03 September 2010
Capacity expansion could bring good growth in volumes and margins for the steel maker over the next couple of years Prakash Industries is a steel maker with facilities in Champa and Raipur in Chhattisgarh. Besides producing steel (0.7 million tonnes per annum or mtpa), the units also make...

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Moneylife Digital Team 03 September 2010
New Delhi: The government is in talks with pharmaceutical companies for ensuring availability of cancer drugs at a minimal price at their low-cost pharmacy chain Jan Aushadhi stores across the country, reports PTI. "We are motivating companies, which make cancer drugs that they should supply...

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Munira Dongre 03 September 2010
The company plans to expand capacity by FY12 and should benefit from better efficiency and a hike in its stake in a float glass venture Hindustan National Glass (HNG) is India's largest container glass solutions provider with a 65% market share. The company has a market cap of Rs 20 billion and...

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Munira Dongre 03 September 2010
The company plans to expand capacity by FY12 and should benefit from better efficiency and a hike in its stake in a float glass venture Hindustan National Glass (HNG) is India's largest container glass solutions provider with a 65% market share. The company has a market cap of Rs 20 billion and...

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Moneylife Digital Team 03 September 2010
London: The chief of the United Nation's (UN) telecommunications agency urged the Canadian manufacturer of the BlackBerry to allow law enforcement agencies, including those in India, access to customer data, saying governments had legitimate security concerns which should not be ignored, reports...

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Moneylife Digital Team 02 September 2010
New Delhi: India has initiated a probe into alleged dumping of soda ash by countries like China, Iran and Pakistan to protect domestic players, reports PTI. The commerce ministry's designated authority, the Directorate General of Anti-Dumping and Allied Duties (DGAD), has started an...

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Moneylife Digital Team 02 September 2010
New Delhi: Making a case for freeing the sugar sector from government controls, food and agriculture minister Sharad Pawar today met the prime minister to apprise him about the proposed move to give freedom to mills for sale of the sweetener, reports PTI. At present, the government controls the...

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Moneylife Digital Team 02 September 2010
Auto component manufacturer Ucal Fuel Systems Ltd said its net profit for the financial year 2010-11 zoomed 1,800% to Rs7.6 crore as compared to Rs40 lakh last fiscal. During the FY10-11, its total revenues increased to Rs394.6 crore, a rise of 30%, from Rs303.4 crore, said the Chennai-based...

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