INVESTOR INTEREST


The best kept secret about the Indian capital market is that in 20 years of economic liberalisation and market development, we have reduced it to a mere casino How wide is the public participation in the shining new India's financially successful stock exchanges? Here are some startling facts...

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Moneylife Digital Team 19 August 2010
New Delhi: The World Bank has approved a loan of $430 million for financing the Mumbai Urban Transport Project (MUTP) II, that is aimed to improve the transport situation in the financial capital, reports PTI quoting government sources. The loan will be used to finance procurement of electrical...

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Moneylife Digital Team 19 August 2010
The company has not yet paid 15% interest on the proceeds that it had received for its failed public offer in 2007, despite the Supreme Court upholding SEBI’s order to repay applicants’ money in 2008 Hyderabad-based paper product manufacturer Sri Vijaya Lakshmi Paper Convertors Ltd (SVPCL) Ltd...

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Moneylife Digital Team 19 August 2010
Patni Computer Systems Ltd, a major IT and BPO services provider, has appointed Manish Mehta as executive vice-president (EVP) and chief delivery officer-applications services. Mr Mehta will be part of the executive leadership team and will be responsible for application development &...

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Moneylife Digital Team 19 August 2010
Garment manufacturer Bhandari Hosiery Exports Ltd said its net profit for the financial year 2010-11 stood at Rs11.1 crore as against Rs0.9 crore in the last fiscal. During the current fiscal, its total revenues increased to Rs86.8 crore from Rs80.2 crore in the last financial year, said the...

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Moneylife Digital Team 19 August 2010
ACIL Cotton Industries said it has entered a contract with farmers to cultivate various organic crops in 45 acres of agriculture land at Surendranagar, in Gujarat. According to the organic contract farming, the company will provide all facilities like irrigation system, technical assistance,...

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Moneylife Digital Team 19 August 2010
ABC India has secured four orders worth Rs114 crore from various companies for logistics related work. The scope of work includes logistics and transportation of equipment for infrastructure and industrial projects. ABC India's total order book in project logistics currently stands at Rs165...

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Moneylife Digital Team 19 August 2010
Varun Industries Ltd said it has entered a joint venture with an Australian-based company Cluff Resources Pacific NL for exploration and development of gold, platinum and gem stone projects in Southern Madagascar. According to Varun Industries, preliminary investigations have indicated the...

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Moneylife Digital Team 19 August 2010
Subex Ltd, provider of operations and business support systems for communications service providers (CSP), said it has renewed its ROC revenue assurance contract for three years with a CSP in Malaysia. The multi-million dollar contract involves Subex providing ROC revenue assurance service...

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Moneylife Digital Team 19 August 2010
Sadbhav Engineering Ltd's subsidiary Sadbhav Infrastructure Project (SIPL) has signed a binding agreement to receive Rs400 crore from Norwest Venture Partners (NVP) and The Xander Group (Xander)-the global investors. SIPL will use the capital to continue to fund its existing road development...

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Moneylife Digital Team 19 August 2010
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) may have to pay over $13 billion if it were to exercise its pre-emption or right of first refusal (RoFR) to buy Cairn India in the giant Rajasthan block, reports PTI. Cairn India holds 70% operator interest in the 6.5 billion barrels...

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Moneylife Digital Team 19 August 2010
Reliance MF files offer document with SEBI to launch Reliance Fixed Horizon Bond Fund; SBI Mutual Fund launches SBI Debt Fund Series-370 Days Fund-5; IDFC Mutual Fund to transact through BSE & NSE platform; State Bank of Indore hikes lending rate by 50 bps to 13.25%; ICICI Bank introduces Zero...

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Moneylife Digital Team 19 August 2010
Bhopal: The Anil Dhirubhai Ambani Group (ADAG) has been granted permission to explore coal bed methane (CBM) in the Shahdol district of Madhya Pradesh, reports PTI. The Madhya Pradesh Directorate General of Hydrocarbons has granted Petroleum Exploration Licence (PEL) to ADAG for exploration of...

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Moneylife Digital Team 19 August 2010
New Delhi: The government will consider lifting ban on sugar futures trading in the first week of September after assessing production situation of the sweetener, reports PTI quoting agriculture minister Sharad Pawar. Trading in sugar futures was banned in May 2009 and the suspension is valid...

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Moneylife Digital Team 19 August 2010
New Delhi: The government on Wednesday said that the National Highways Authority of India (NHAI) has spent over Rs53,202 crore on road projects during the last three financial years, reports PTI. The NHAI incurred an expenditure of Rs17,490.48 crore, Rs17,756.37 crore and Rs17,955.57 crore in...

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Moneylife Digital Team 19 August 2010
The market is likely to open flat-to-positive on supportive global cues. Wall Street settled on a positive note as sales forecast from Target Corp eased worries about consumer demand. Markets in Asia were on a sound footing as speculations that a rise in consumer demand in the US would boost...

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Moneylife Digital Team 18 August 2010
New Delhi: State-run Oil and Natural Gas Corporation (ONGC) may seek management control of the giant Rajasthan oilfields in lieu of allowing UK's Cairn Energy to sell majority stake in its Indian arm that now operates the field, to a non-oil firm, Vedanta Resources for $8.48 billion, reports...

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The massive daily turnovers of the two national bourses hide some shocking facts, as the finance ministry’s startling revelations in Parliament reveal. Narrow, shallow, illiquid and concentrated in the hands of a few individuals located in a few centres — that describes the state of the...

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Moneylife Digital Team 18 August 2010
The move might just result in the already beleaguered industry having to shoulder additional costs The Securities and Exchange Board of India (SEBI) today asked all fund houses to facilitate smoother shift of mutual fund units between two demat accounts.  The National Stock Exchange (NSE)...

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Moneylife Digital Team 18 August 2010
Bangalore: The number of third generation (3G) subscribers are projected to cross 107 million-mark by 2015, reports PTI quoting a report by a leading industry-focused tax and advisory services Pricewaterhouse Coopers PwC). Initially, the uptake of mobile broadband services (MBS) will almost...

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