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Moneylife Digital Team 01 September 2010
New Delhi: Decks were cleared today for launching third generation (3G) mobile and broadband services in the country, with the government allocating air waves to private operators after making certain amends to the licence terms, reports PTI. The operators are authorised to use the spectrum...

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Moneylife Digital Team 01 September 2010
Axis Bank Ltd said MM Agrawal its deputy managing director retired from the services of the bank from 31st August. On Wednesday, Axis Bank shares rose 1.9% to Rs1,350 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.3% higher at 18,205 points.

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Moneylife Digital Team 01 September 2010
Corporate stockbroker BLB Ltd said its net profit for the financial year 2010-11 stood at Rs23.6 crore, a growth of 118.5%, as compared to the net loss of Rs10.8 crore in the last fiscal. During the FY10-11, its total revenues increased 43.4% to Rs2,510.2 crore from Rs1,750.8 crore a year...

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Moneylife Digital Team 01 September 2010
NTPC Ltd said it appointed Arup Roy Choudhury as its chairman and managing director (CMD). Earlier, Mr Roy was the CMD of National Buildings Construction Corp Ltd. On Wednesday, NTPC shares closed 0.6% up at Rs196 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.3% higher...

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Moneylife Digital Team 01 September 2010
Tata Communications said it has opened Tata Communications Exchange (TCX) data centre in Singapore, built to meet the growing IT outsourcing needs of enterprises in Asia Pacific. The six-storey data centre in Tai Seng will provide increased capacity for both domestic and international firms,...

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Moneylife Digital Team 01 September 2010
Wind turbine supplier Suzlon Energy Ltd inaugurated a new research and development (R&D) and technology centre at Rostock in Germany. The new facility is spread over 3,800 sq m. At present there are around 120 employees and the company plans to house 200 employees shortly, Suzlon said in a...

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Moneylife Digital Team 01 September 2010
Steel Strips Wheels Ltd said it sold 805,881 units of steel wheels in August 2010, a growth of 55%, as compared to 519,812 units in the same month last year. The automotive steel wheels manufacturer has also registered a growth of 51% in steel wheel production last month. In August 2010, its...

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Moneylife Digital Team 01 September 2010
The country's largest carmaker Maruti Suzuki India Ltd said its August sales rose 23.65 to 104,791 units compared with 84,808 units sold during same month last year. During August, the company also launched Alto-K10 with 1-litre K-series engine and five compressed natural gas (CNG) models.

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Moneylife Digital Team 01 September 2010
Bajaj Electricals Ltd said it won orders of over Rs408 crore under the Rajiv Gandhi Gramin Vidhyutikaran Yojna (RGGVY) and high mast and street lightening segments. The scope of work involves construction of 312km of 400kV double-circuit transmission lines, it said in a regulatory filing.

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Moneylife Digital Team 01 September 2010
New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has over a month to decide if it chooses to exercise its pre-emption or right of first refusal (RoFR) to block sale of majority stake in Cairn India to Vedanta Resources, reports PTI. Vedanta is paying $8.48 billion to buy Edinburgh-based...

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Moneylife Digital Team 01 September 2010
Exchange paves way for Singapore to be recognised as Asia’s cutting-edge commodities and derivatives trading hub. Singapore Mercantile Exchange (SMX), promoted by Financial Technologies has started its operations with the ringing of the opening bell by Ong Chong Tee, deputy managing director...

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Moneylife Digital Team 01 September 2010
IDBI MF launches IDBI Nifty Junior Index; Principal MF launches Principal Pnb Fixed Maturity Plan-91 Days-Series XXIII; Kotak Mahindra MF launches Kotak FMP 370 Days Series 7; DSP BlackRock MF signs distribution agreement with CBI; SBI Life launches two new ULIPs IDBI MF launches IDBI Nifty...

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Munira Dongre 01 September 2010
Not heavily traded and lesser tracked, this stock has some untapped potential Adhunik Metaliks Ltd (AML) is a long steel manufacturer with a plant in Sundergarh, Orissa. It has a steelmaking capacity of 0.45 million tonnes of billets, forward integration for manufacturing 0.22 million tonnes of...

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Munira Dongre 01 September 2010
Not heavily traded and lesser tracked, this stock has some untapped potential Adhunik Metaliks Ltd (AML) is a long steel manufacturer with a plant in Sundergarh, Orissa. It has a steelmaking capacity of 0.45 million tonnes of billets, forward integration for manufacturing 0.22 million tonnes of...

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Moneylife Digital Team 01 September 2010
New Delhi, Sep 1 (PTI) India should emulate the Brazilian process of decontrolling the sugar sector by moving gradually, as sudden freeing of the sector could hurt farmers' interest, reports PTI quoting an international sugarcane body. Brazil, the world's largest sugar producer, took around...

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Moneylife Digital Team 01 September 2010
Tirupati: Laying the foundation stone of a Rs6,000 crore power equipment manufacturing plant near here, prime minister Manmohan Singh today said the nation needs to bridge the gap between demand and supply of electricity for sustained economic growth, reports PTI. "Availability of affordable...

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Moneylife Digital Team 01 September 2010
New Delhi: India attracted $891 million (Rs4,023 crore) foreign direct investment (FDI) in the telecommunications segment in the first two months of the current fiscal, the highest among all sectors, reports PTI. The telecommunications sector, including radio paging, cellular mobile, basic...

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Munira Dongre 01 September 2010
What’s buzzing in these stocks right now Kingfisher Airlines: The stock has risen sharply in the last 10 sessions or so from around Rs54 to around Rs61 mainly after its announcement to immediately raise up to $250 million through Global Depository Receipts to reduce its debt and and a further...

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Munira Dongre 01 September 2010
What’s buzzing in these stocks right now Kingfisher Airlines: The stock has risen sharply in the last 10 sessions or so from around Rs54 to around Rs61 mainly after its announcement to immediately raise up to $250 million through Global Depository Receipts to reduce its debt and and a further...

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Moneylife Digital Team 01 September 2010
Mumbai: Insurance behemoth Life Insurance Corporation of India (LIC) today called upon the industry to invest heavily in training their agents if it wants to grow more profitably, reports PTI. Pointing out that the biggest challenge to faster growth is non-professional or poorly/un-trained...

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