INVESTOR INTEREST


Munira Dongre 25 November 2010
India Infoline, which arranged to transfer Rs446 crores from four hapless foreign institutional investors (FIIs) to Money Matters Financial Service, clearly did not do the due diligence on the company while pocketing fat fees Yesterday, Moneylife was the first to report that the Central...

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Moneylife Digital Team 25 November 2010
Private equity firms and foreign institutional investors attract a lot of admiration. Of late, several big boys from the institutional world have suffered heavy losses in their multi-million dollar investments A relatively obscure firm, Money Matters Financial Services, is now a household name...

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Moneylife Digital Team 25 November 2010
MIC Electronics Ltd said that it has signed a definitive agreement with the Uttar Pradesh New and Renewable Energy Development Agency for supplying LED solar street lighting systems worth Rs6.63 crore. The company won orders worth Rs5.87 crore from Indian Railways to supply a gamut of true...

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Moneylife Digital Team 25 November 2010
Larsen & Toubro (L&T) Ltd has said that its construction division has won orders worth Rs1,030 crore for the construction of commercial and residential buildings including metro depot facilities. It has won new orders worth Rs385crore for the construction of residential buildings from...

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Moneylife Digital Team 25 November 2010
NTPC Ltd (NTPC), Asian Development Bank (ADB) and Kyuden International Corporation (Kyushu) have  signed an agreement  to form a joint venture company (JVC) to develop a portfolio of about 500 MW of renewable power generation in three years. NTPC, ADB and Kyushu would invest in the ratio of...

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Moneylife Digital Team 25 November 2010
GMR Infrastructure Ltd, said that its subsidiary GMR Male International Airport (GMIAL) has won a project to modernise, expand and operate Republic of Maldives's capital Male's International Airport. Earlier on 24th June, the consortium led by GMR Infrastructure with Malaysia Airports...

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Moneylife Digital Team 25 November 2010
The market opened strong this morning supported by positive cues and remained range-bound for most part of the morning session. However, a downward revision in ratings of some public sector banks resulted in the key indices closing with cuts of around 1%. The market opened on a firm note this...

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Moneylife Digital Team 25 November 2010
New Delhi: The turnover of 23 commodity exchanges surged by over 55% to Rs67.11 lakh crore till November 15 this fiscal, as against Rs43.20 lakh crore in the year-ago period, reports PTI quoting commodity markets regulator Forward Markets Commission (FMC). Much of the business has come from...

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Moneylife Digital Team 25 November 2010
New Delhi: The Planning Commission today termed the housing finance racket, involving the chief of LIC Housing Finance and several other officials of PSU banks, as a "very small" incident as far as banking system as a whole was concerned, reports PTI. The reaction from Planning Commission...

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Moneylife Digital Team 25 November 2010
Birla Sun Life MF unveils Birla Sun Life Fixed Term Plan-Series CI; UBI partners Nokia, Obopay to launch mobile financial services; Diesel-powered Nissan Micra to hit Indian roads in December 2010 Birla Sun Life MF unveils Birla Sun Life Fixed Term Plan-Series CI Birla Sun Life Mutual Fund...

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Moneylife Digital Team 25 November 2010
Hyderabad: GMR Male International Airport Pvt Ltd (GMIAL), a subsidiary of GMR Infrastructure Ltd (GIL), today said it has achieved financial closure for the project to modernise, expand and operate the Male International Airport, reports PTI. The total cost of the project, estimated at $511...

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Moneylife Digital Team 25 November 2010
New Delhi: Questioning the Securities and Exchange Board of India’s (SEBI) ban on its two entities for raising money through a debenture instrument without informing the regulator, Sahara Group said the matter is out of the jurisdiction of the watchdog, reports PTI. “It is a ministry of...

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Moneylife Digital Team 25 November 2010
The domestic market is likely to witness a positive opening on strong global cues. Wall Street ended higher in the pre-holiday session as economic data signalled an improvement in the economy. But volatile trading can be expected on account of the expiry of the November futures and options (F&O)...

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Moneylife Digital Team 24 November 2010
New Delhi: Buoyed by the strong response to its public sector undertakings’ (PSUs) shares sales, the government today exuded confidence that it would meet the disinvestment target of Rs40,000 crore for the current fiscal, reports PTI. “Of course, the government will achieve the target of...

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Moneylife Digital Team 24 November 2010
Chandigarh: Long-term finance to farmers through cooperative and regional rural banks (RRB) has turned costly with National Bank for Agriculture and Rural Development (NABARD) raising interest rate on refinance by 50 basis points, reports PTI. With the revision in interest rate, the new...

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Moneylife Digital Team 24 November 2010
The market opened on a strong note this morning but sideways trading, coupled with across-the-board selling, dragged the indices lower at the end of the session. The local market opened higher this morning, brushing aside concerns about tensions in the Korean peninsula and the global economy....

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Moneylife Digital Team 24 November 2010
Tata Motors Ltd today said it is expecting over 50% jump in the sale of its Ace family light commercial vehicles (LCV) in the current fiscal, on account of robust demand. This translates into up to 2.5 lakh units for sale. "Last year, we sold about 1.6 lakh unit of our Ace family. This...

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Moneylife Digital Team 24 November 2010
State run Coal India Ltd (CIL) reported a growth of 29.06% in its net profit at Rs4,020 crore during the September 2010 quarter. The net profit of the company was Rs3,115 crore during the corresponding period last year. Net sales of the company was at Rs22,525.53 crore, a rise of 16.9% for...

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Moneylife Digital Team 24 November 2010
State Bank of India (SBI) said its 750-million euro (about Rs4,650 crore) five-year bond issue was snapped in a day, making it the first such issue from the country in the past three years and the first Asian issue this year. The issue comes as the bank awaits government nod to come out with...

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Moneylife Digital Team 24 November 2010
JSW Energy Ltd said it has bought Canadian coal company CIC Energy for $422 million. CIC Energy operates the Mmamabula coal and power station project in Botswana. The deal is JSW's second acquisition in the coal sector in southern Africa within a year. Earlier, the Indian company had acquired...

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