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Moneylife Digital Team 08 June 2011
Tata Motors’ Pune plant was selected for the project by the Government of India, the Government of Japan and NEDO, to produce power through clean environment technology Tata Motors and the New Energy and Industrial Technology Development Organization (NEDO), Japan, today inaugurated an...

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Moneylife Digital Team 08 June 2011
The timeline for the completion of both the orders is 24 months each Bhubaneswar-based ARSS Infrastructure Projects said that it has won two new work orders. The first order is for re-construction of Manawar-Mangod (Bandheri) Road and Sardarpur-Rajgarh-Bagh Road: Package No.04 under...

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Moneylife Digital Team 08 June 2011
The proceeds of the issue would be utilised to retire its debt and to fun expansion plans SKIL Infrastructure has filed the draft red herring prospectus (DRHP) with market regulator SEBI for its initial public offer through which it plans to raise Rs1,125 crore. The proceeds of the issue...

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Moneylife Digital Team 08 June 2011
Religare Mutual Fund new issue closes on 9th June Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VIII-Plan A to F-Plan A (368 Days), a close-ended income scheme. The investment objective of the scheme is to generate income by investing in a portfolio of debt and...

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Moneylife Digital Team 08 June 2011
Reliance Mutual Fund new issue closes on 9th June Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XX-Series 19, a close-ended income scheme. The tenor of the scheme is 367 days. The investment objective of the scheme is to generate regular returns and growth of capital by...

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Moneylife Digital Team 08 June 2011
ICICI Prudential Mutual Fund new issue closes on 15th June ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-1 Year Plan H, a close-ended income scheme. The investment objective of the plan is to seek to generate regular returns by investing in a...

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Moneylife Digital Team 08 June 2011
Baroda Pioneer Mutual Fund new issue closes on 8th June Baroda Pioneer Mutual Fund has launched Baroda Pioneer 90 Day Fixed Maturity plan-Series 2, a close-ended income scheme. The investment objective of the scheme is to generate regular returns by investing in a portfolio comprising of...

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Moneylife Digital Team 08 June 2011
Kotak Mahindra Mutual Fund new issue closes on 13th June Kotak Mahindra Mutual Fund has launched Kotak FMP Series 50 (24M), a close-ended income scheme. The tenor of the plan is 24 months. The investment objective of the scheme is to generate returns through investments in debt and money...

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Moneylife Digital Team 08 June 2011
Equifax is first to launch alerts specifically targeted at helping banks with retention, cross-selling and collections Equifax Credit Information Services Pvt Ltd (ECIS), the joint venture between Equifax and six leading Indian financial institutions (Bank of Baroda, Bank of India, Kotak...

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Moneylife Digital Team 08 June 2011
“The strike is unwarranted, even though the law gives the workers every right to form one more union. We will ensure that it does not become an industrial dispute,” Haryana industries minister Randeep Singh Surjewala told newspersons Chandigarh: The Haryana government today said it is closely...

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Pratibha Kamath  and   N Madhavan 08 June 2011
For the March 2011 quarter, 107 mega-cap companies in the Moneylife sample recorded sales growth of 23% overall, but only an 11% growth in profit, due to rising costs Mega-cap companies (defined as those with more than Rs10,000 crore market capitalisation) recorded a sales growth of 23%...

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Moneylife Digital Team 08 June 2011
The court dismissed their bail pleas saying that there are prima facie evidences against them. Ms Kanimozhi and Mr Kumar were named by the CBI for allegedly receiving a kick-back to tune of Rs200 crore New Delhi: The Delhi High Court on Wednesday dismissed the bail plea of Dravida Munnetra...

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Moneylife Digital Team 08 June 2011
The Committee on Small Savings has also suggested that Kisan Vikas Patra (KVP) be withdrawn and annual investment limit for the popular Public Provident Fund (PPF) be raised to Rs1 lakh from Rs70,000 at present New Delhi: A government committee has suggested raising interest rates on Post...

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Moneylife Digital Team 08 June 2011
Worries about the slowdown in the US roiled markets across the world The local market is likely to open on a cautious note as the Asian pack was down in early trade on Wednesday on not-so-good economic news from across the region. The US markets closed lower for yet another day overnight on...

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Moneylife Digital Team 07 June 2011
A total of 38 FDI proposals were taken up by the Foreign Investment Promotion Board, but the board deferred a decision on 14 applications, rejected seven and recommended one for the Cabinet Committee on Economic Affairs New Delhi: The government today cleared 16 foreign direct investment...

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Moneylife Digital Team 07 June 2011
If Nifty stays above 5,550 it will target to reach 5,620 As we have been expecting, the market continued its upward move today on support from select blue-chips like Jaiprakash Associates, Reliance Industries (RIL) and Infosys. The main indices, the Sensex and the Nifty, were up for the...

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Moneylife Digital Team 07 June 2011
Piramal Healthcare, Kanoria Chemicals and Laffans Petrochemicals are some of the companies that have earned huge amounts of cash recently by selling their businesses; but minority shareholders have got little out of this Recently, promoters of quite a few companies have sold off parts of...

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Moneylife Digital Team 07 June 2011
TRAI, which is facing opposition from the new and old established telecom operators over the issues and methods adopted in consultation process to review IUC, has requested the apex court to give suitable directions over it New Delhi: The Telecom Regulatory Authority of India (TRAI) has...

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Moneylife Digital Team 07 June 2011
Omnesys Technologies has tied up with Rithmic to provide the users of ‘Omnesys NEST’ a securities trading platform, access to and trading on major global derivatives exchanges Bangalore-based Omnesys Technologies has tied up with the US-based Rithmic to provide the users of 'Omnesys NEST' a...

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Moneylife Digital Team 07 June 2011
Eros International Media Ltd has tied up with IP Avenue to bring a new revolution for in-flight entertainment Eros International Media Ltd has tied up with Mumbai–based technology company, IP Avenue to bring a new revolution for in-flight entertainment. Through this association, the Mint Pod, a...

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