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Moneylife Digital Team 01 July 2011
According to RBI data, credit offtake during the period stood at Rs41.23 lakh crore against Rs34.10 lakh crore in the same period of the previous year Credit offtake from banks grew by 20.9% to over Rs41 lakh crore during the one-year period ended 17 June 2011, indicating an upswing in...

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Moneylife Digital Team 01 July 2011
Singapore Exchange said trading would be continuous trading from 9am to 5pm on Monday to Friday The Singapore Exchange (SGX) said it will scrap the 90-minute lunch break for trading from 1 August 2011 to help investors respond to regional market movements and news flow.    It said trading...

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Moneylife Digital Team 01 July 2011
HDFC Mutual Fund new issue closes on 5th July HDFC Mutual Fund has launched HDFC FMP 92D July 2011 (1), a close-ended income scheme. The investment objective of the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before...

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Moneylife Digital Team 01 July 2011
HDFC Mutual Fund new issue closes on 6th July HDFC Mutual Fund has launched HDFC FMP 370D July 2011 (1), a close-ended income scheme. The investment objective of the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or...

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Moneylife Digital Team 01 July 2011
The company's total motorcycle sales grew by 5% to 69,859 units while scooter sales grew by 21% to 44,281 units in June 2011 New Delhi: Chennai-based TVS Motor Company today reported a 14% increase in total sales to 1,82,456 units in June 2011, as against 1,59,688 units in the same month last...

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Moneylife Digital Team 01 July 2011
The passenger carmaker reported a 3.8% decline in domestic sales to 70,020 units while exports declined by 32.7% to 10,278 units last month New Delhi: Maruti Suzuki India (MS), the country’s largest carmaker today reported an 8.8% decline in total sales to 80,298 units in June from 88,091 units...

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Moneylife Digital Team 01 July 2011
The Cabinet Committee on Economic Affairs approved the sale with preconditions that Cairn or its successor has to treat royalty payments on Rajasthan oilfields as recoverable from oil sales. Also, Cairn India will have to withdraw the arbitration it has initiated disputing its liability to pay...

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Moneylife Digital Team 01 July 2011
The real test of the market will come as economic data flows in and corporate results for the June quarter are announced The local market is likely to open higher, tracking the markets across the world. Wall Street continued with its gains, closing higher for the fourth straight day on...

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The market is still in no-man’s land. A low volatility situation cannot last for long. It may take a few weeks, but we are headed for a big move On Friday, 6th May, the sensitive index of the Bombay Stock Exchange closed at 18,518. Five weeks later, it is at 18,268.54. For those who have not...

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Moneylife Digital Team 30 June 2011
Foreign fund schemes are flooding the Indian market even as Indian savers shun the equity products of their own country Foreigners are keen to buy Indian equities and have taken the Indian market to great heights. At the same time, Indian savers are avoiding Indian equities, despite the...

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Moneylife Digital Team 30 June 2011
What is the past record after eight days of a continuous rally? The odds favour a rise The Nifty index closed today 47 points higher at 5,647, marking a consecutive rise for eight trading sessions in a row. The last time this feat was achieved was from 21st March to 31st March 2011, which...

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Moneylife Digital Team 30 June 2011
The Nifty may trade between 5,600 and 5,680 The market finished for an eighth consecutive day in the green, but the rally should moderate now. With the short covering following the deep pessimism in mid-June over, the market will trade in a narrow range. The positive outcome of the Greek...

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Moneylife Digital Team 30 June 2011
Despite an extremely favourable market situation in 2010-11, this government’s ambitious disinvestment programme did not succeed because a government of the ‘aam aadmi’ behaved like any other private sector issuer The government had fixed itself a disinvestment target of Rs40,000 crore for...

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Moneylife Digital Team 30 June 2011
On the other hand, the Department of Industrial Policy and Promotion, which is piloting the proposal for the politically sensitive sector, is in favour of a majority stake (51%) for foreign retail chains, with set-up conditionalities New Delhi: Amid a debate within the government on allowing...

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Moneylife Digital Team 30 June 2011
Presently NSE holds 11.1% stake in NCDEX. Under the new guidelines for commodity bourses that have completed a five-year term, a stock exchange cannot hold more than 5% stake in a commodity bourse New Delhi: National Stock Exchange (NSE) has again approached the consumer affairs ministry to...

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Moneylife Digital Team 30 June 2011
Reliance Broadcast is eyeing over 30% growth in its overall business in the next five years Reliance Broadcast Network (RBNL), an Anil Dhirubhai Ambani Group company, plans to invest Rs100-Rs200 crore to tap the private FM radio segment, which is expected take a leap when the third phase of...

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Moneylife Digital Team 30 June 2011
“The proceeds will be used to clear debt that is around Rs30 crore,” Vishal Retail chairman & managing director RC Agarwal said Vishal Retail said it plans to sell four properties for an estimated value of Rs50 crore to clear debt and partly fund new expansion under the 'V2 Retail' brand.

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Moneylife Digital Team 30 June 2011
The Bank has also revised its benchmark prime lending rate upwards by 25 bps—from 14.25% to 14.50% Canara Bank has revised its base rate upwards by 25 basis points-from 10% to 10.25% with effect from 1st July. It has also revised its benchmark prime lending rate (BPLR) upwards by 25...

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Moneylife Digital Team 30 June 2011
MObq offers varied services to consumers ranging from information services and assessment tools Integrated healthcare knowledge service provider, BioQuest Solutions has announced the launch of MObq, a specialised division delivering healthcare services over mobile devices. The services are...

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Moneylife Digital Team 30 June 2011
The call centre can be contacted over phone number 1800601801817, which will remain operational from 7.00 AM to 7.00 PM The Municipal Corporation Gurgaon (MCG) has started a call centre for receiving complaints of the people living in the MCG area. MCG Commissioner Sudhir Rajpal said the...

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