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Moneylife Digital Team 24 November 2010
The Indian market is likely to witness a soft-to-flat opening on concerns over the geo-political tensions in Korea and the slowing pace of the global economic recovery. Tensions in Asia spooked the US markets overnight causing key indices to drop between 1% and 1.5%. Markets in Asia were mixed...

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Moneylife Digital Team 23 November 2010
Today, the Indian market was highly volatile on the back of the developments along the Korean border and over concerns over the political future of the UPA-led government, which has been rocked by corruption allegations. The Sensex opened at 19,841.42; 116.17 points lower compared to its previous...

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Abu Dhabi: India, which is negotiating a Free Trade Agreement with the six-nation Gulf Cooperation Council, today made a strong pitch for greater investment from the UAE, asking the oil-rich country to be a part of its growth story, especially in the infrastructure sector, reports PTI. "India...

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Moneylife Digital Team 23 November 2010
Tata Chemicals Ltd is planning to roll-out a nutrient-based basal fertiliser 'Paras Farmoola', across the country and will invest Rs110 crore in setting up manufacturing units for it. "We have developed Paras Farmoola for select crops in a specific region based on soil, crop and water sample...

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Moneylife Digital Team 23 November 2010
IT company Mphasis Ltd said its consolidated net profit rose by 20% to Rs1,090.75 crore for the year ended 31 October 2010, over the same period last year. Revenues rose to Rs5,036.52 crore during the year ended October 2010 against Rs4,263.88 crore in the same period last year, the company...

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Moneylife Digital Team 23 November 2010
Vijay Mallya-owned Kingfisher Airlines Ltd said it has entered a code sharing and frequent flyer agreement with American Airlines, which will be effective from 2011. "The code share on American's flight to Chicago will mark the first time ever that Kingfisher Airlines will place its code on...

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Moneylife Digital Team 23 November 2010
Religare Enterprises Ltd said that its subsidiary Religare Capital Markets Ltd (RCML), has acquired the UK operations of Barnard Jacobs Mellet. No financial details were provided. Barnard Jacobs is a highly-rated distribution platform for South African equities in the UK, serving over 100...

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Munira Dongre 23 November 2010
Investors from around the world are particularly keen about the consumption and infrastructure sectors in India, CLSA found out at a conference in Gurgaon last week. While they have a positive outlook, they are conscious about some key challenges that remain—like managing human resources and...

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Moneylife Digital Team 23 November 2010
Sundaram MF floats Capital Protection Oriented Fund Series 2-3 years; Jubilant Energy plans $85-mn share sale; Keep ESI, EPF schemes out of service tax; Punjab & Sind Bank to launch IPO in first half of December Sundaram MF floats Capital Protection Oriented Fund Series 2-3 years Sundaram...

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At the market peak of 21,000, Vishal Kampani predicted on CNBC that there will be no pullback. The market has crashed by more than 1,700 points after that confident prediction. Why are experts often wrong? The daily parade of experts on Indian TV channels is more entertaining than enlightening....

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Moneylife Digital Team 23 November 2010
New Delhi: Acknowledging that some labour laws have not yielded the desired results, prime minister Manmohan Singh today said that there is a need to "revisit" some of them which have "hurt the growth of employment", reports PTI. "We have enacted several progressive labour laws since...

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Moneylife Digital Team 23 November 2010
The local market is likely to witness a cautious opening on the back of tepid global cues. Wall Street ended mixed following reports that the Federal Bureau of Investigation (FBI) officials had raided at least three hedge funds for insider-trading. Markets in Asia were mostly lower in early...

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Moneylife Digital Team 22 November 2010
New Delhi: Reflecting slow implementation of the special economic zone (SEZ) scheme, the government has given more time to as much as 184 special economic zone developers to execute their projects, reports PTI. "...The Board of Approval (BoA) depending on merits of each case, have permitted...

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Moneylife Digital Team 22 November 2010
New Delhi: The Central Bureau of Investigation (CBI) has collected documents from the ministry of corporate affairs about companies which were granted spectrum allegedly in an arbitrary fashion between September 2007 and January 2008, reports PTI. According to CBI sources, the MCA documents...

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Moneylife Digital Team 22 November 2010
New Delhi: Air traffic continued on its growth path in October with the number of passengers carried by domestic airlines increasing by over seven lakh while Jet Airways and its no-frill subsidiary JetLite gained a market share of more than 26%, reports PTI. The total domestic passengers...

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Moneylife Digital Team 22 November 2010
New Delhi: The Society of Manufacturers of Electric Vehicles today said it expects electric two-wheeler market to witness 100% growth following a Rs95-crore incentive package for the remaining part of the 11th Plan, reports PTI. As per a scheme approved by the ministry of new and renewable...

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Moneylife Digital Team 22 November 2010
New Delhi: The steep hike in onion export prices has failed to improve the domestic market scenario as the vegetable continues to be expensive at a retail price of Rs35 a kg in Delhi, reports PTI. Besides, onion continues to be expensive in the wholesale market, even after the agri-cooperative...

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Moneylife Digital Team 22 November 2010
New Delhi: UK's Cairn Energy Plc may apply this week for government nod to sell its majority stake in the Indian unit to Vedanta Resources, but is unlikely to concede pre-emption rights to partner Oil and Natural Gas Corporation (ONGC), reports PTI. The Edinburgh-based firm's current...

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Moneylife Digital Team 22 November 2010
 For years Moneylife magazine has been panning bizarre new fund offers. Now the market regulator takes a hard stance on them, especially capital-protection schemes, which it had defended four years ago For a number of years, capital markets watchdog Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 22 November 2010
Bottom-fishing by investors, along with supportive global cues, ensured that the domestic market erased the losses incurred on Friday. Today, the Nifty closed just above the 6,000 mark, while the Sensex was just short of the 20,000 levels. The market opened on a firm note this morning on...

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