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Moneylife Digital Team 28 January 2011
MUMBAI: Jain Irrigation Systems has reported 24.59 per cent jump in its standalone net profit at Rs 71.47 crore for the third quarter ended 31 December 2010, reports PTI. Net sales grew to Rs693.26 crore during the reporting quarter compared with Rs630.87 crore in the year-ago period, the...

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Moneylife Digital Team 28 January 2011
The domestic market is likely to open range-bound on tepid cues from the global arena. The US markets closed with marginal gains on Thursday on mixed economic news while the Asian pack is largely in the red in early trade on Friday as investors were jittery ahead of earnings reports from...

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Moneylife Digital Team 27 January 2011
Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-367 Days- Series III, a close-ended income scheme. The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government...

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Moneylife Digital Team 27 January 2011
The regulator has to be more proactive about  portfolio management schemes The saga of investors burning their fingers in fancy products of portfolio management services (PMS) of banks continues unabated. We have been getting frequent reports from high net worth individuals (HNIs) about their...

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Moneylife Digital Team 27 January 2011
Mumbai, Jan 27 (PTI) Private sector lender HDFC Bank today posted a 32.9% growth in net profit at Rs1,087.83 crore for the third quarter ended December 2010, reports PTI. Total income of the bank rose to Rs6,357.8 crore at the end of December quarter, from Rs4,933.9 crore in the same period...

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Moneylife Digital Team 27 January 2011
Mumbai: Private sector lender IDBI Bank today posted a 58% jump in net profit at Rs454 crore for the quarter ended 31 December 2010 compared to Rs287 crore in the corresponding quarter of 2009-10, reports PTI. During the quarter, IDBI's net interest income (NII) stood at Rs1,204 crore...

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Moneylife Digital Team 27 January 2011
Kale Consultants Ltd has recorded 19% increase in consolidated net profit at Rs6.69 crore compared to Rs5.65 crore for the corresponding quarter of the previous year. The consolidated operating revenue stood at Rs41.78 crore for the quarter ended 31 December 2010 compared to Rs43.12 crore for...

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Moneylife Digital Team 27 January 2011
Reliance Infrastructure Ltd said it has commissioned a 100% privately owned transmission line in India on build, own and operate basis. This line has been constructed between Solapur and Karad in the western regions of Maharashtra.   The 116km long 400kV double circuit Solapur-Karad...

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Moneylife Digital Team 27 January 2011
Tata Motors Ltd wholly owned subsidiary in Spain, Tata Hispano Motors Carrocera SA, has won an order for supplying around 500 buses in the next three years to the Avanza Group, a private passenger transportation group in Spain. No financial details were provided. The order includes Intea...

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Moneylife Digital Team 27 January 2011
Tribhovandas Bhimji Zaveri Ltd has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company plans to raise funds through initial public offer (IPO) by issuing 1.66 crore shares. The issue constitutes 25% post issue paid up capital of the...

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Moneylife Digital Team 27 January 2011
Next support is at 18,500 on the Sensex and 5,550 on the Nifty The market opened higher on better-than-expected quarterly data announced by some corporates and optimism from the Asian markets. The banking sector, which was the top loser on Tuesday, witnessed some buying in early trade....

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Moneylife Digital Team 27 January 2011
New Delhi: Oil minister S Jaipal Reddy today ruled out deregulation of diesel prices, saying it is not politically and practically feasible, reports PTI. "It is not possible, (right now)" Mr Reddy told reporters here. "Let me make it clear, I agree in theory that diesel prices should be...

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Moneylife Digital Team 27 January 2011
Bajaj Allianz Life Insurance has launched two new products-Bajaj Allianz Super Cash Gain and Bajaj Allianz Money Secure. Super Cash Gain is a traditional money back plan that gives cash back at regular intervals in the form of a periodic income. Starting at a monthly premium of Rs600, this...

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Moneylife Digital Team 27 January 2011
SBI Mutual Fund has launched SBI Debt Fund Series-15 Months-6, 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 comprising debt instruments such as government securities,...

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Moneylife Digital Team 27 January 2011
Pramerica Mutual Fund’s new issue opens on 27th January and closes on 3rd February. The minimum investment amount is Rs5,000 Pramerica Mutual Fund has launched Pramerica Short Term Income Fund, an open-ended income scheme. The objective of the scheme is to generate regular returns with...

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Moneylife Digital Team 27 January 2011
Deutsche Mutual Fund’s new issue opens on 27th January and closes on 10th February. The minimum investment amount is Rs5,000 Deutsche Mutual Fund has launched DWS Hybrid Fixed Term Fund-Series 2, a close-ended income scheme. The objective of the fund is to generate income by investing in...

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Incited by life insurance companies, financial planners are pushing NAV-guaranteed insurance products over fixed maturity plans because these make more money for agents My mutual fund distributor friend is very disturbed. He has carefully nurtured clients who are regular investors in mutual...

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SuchetaDalal 27 January 2011
A deal on the transmission towers business will intensify speculation about the further ties between the two ‘Reliance’ groups Just five years after the hoopla over its new brand identity, Anil Ambani’s latest modification to the corporate name is certain to trigger confusion (among investors...

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When is the last time that SEBI has bothered to hold a discussion on how to make PMS fairer and more transparent for investors? The Rs400-crore fraud by Shivraj Puri, a relationship manager at Citibank, ought to be a wake-up call for Indian regulators. One of the victims has attempted to...

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