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Moneylife Digital Team 25 January 2011
Birla Sun Life MF floats 368 days scheme; Canara Robeco MF launches Fixed Maturity Plan-Series 6-14 Months (Plan A); IDFC Mutual Fund unveils Fixed Maturity Plan-Yearly Series 36; Taurus MF introduces Dynamic Income Fund; Birla Sun Life MF launches 91 days scheme Birla Sun Life MF floats 368 days...

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Munira Dongre 25 January 2011
Brokers are revising down volume growth estimates for FY12, even though the truck maker expects to grow by 18% More than a year ago, analysts had predicted that commercial vehicles (CV) sales would recover, based on an upturn in industrial production. Now, there seems to be a consensus on the...

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Moneylife Digital Team 25 January 2011
Mumbai: In a move aimed at boosting growth, engineering and construction major Larsen & Toubro (L&T) today said it has initiated a restructuring process that will result in nine business verticals being empowered as independent companies, in addition to five existing subsidiaries, reports PTI.

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Moneylife Digital Team 25 January 2011
Tiruchirapalli (TN): The heavy industry department plans to amend the Motor Vehicles Act to facilitate hassle-free transportation of massive project materials anywhere in the country, reports PTI quoting a top government official. Talking to reporters, department of heavy industry secretary...

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Moneylife Digital Team 25 January 2011
The local market is likely to open on a cautious note, ahead of the Reserve Bank of India’s (RBI) monetary policy review. Volatility would also be a part of the trading session, as seen in the futures and options expiry week. Heavy-weights like HUL, Sterlite Industries, Dr Reddy’s Labs,...

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Moneylife Digital Team 24 January 2011
RBI policy may lead to a knee-jerk reaction and a subsequent rally The market opened on a positive note, boosted by good quarterly numbers announced by State Bank of India and Reliance Industries over the weekend. Overcoming initial hiccups, the indices touched their day's highs around noon....

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Moneylife Digital Team 24 January 2011
Deutsche Mutual Fund has launched DWS Fixed Term Fund-Series 79 (DFTF-79), a close-ended income scheme. The objective of the Fund is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The new issue opens on...

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Moneylife Digital Team 24 January 2011
L&T Mutual Fund has launched L&T FMP-II (January15M A), a close-ended income scheme. The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt/fixed income securities maturing on or before the maturity of the scheme. The...

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The northernmost country in Africa has been appreciated for its remarkable economic progress. But, clearly, it isn’t working for all Tunisians, as unemployment has become a major concern In 1997, the so-called Asian Tiger countries experienced a cataclysmic meltdown known as the Asian...

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Moneylife Digital Team 24 January 2011
New Delhi: After offering a lifeline to the controversial Lavasa hill city, environment minister Jairam Ramesh today said efforts are being made to find a "negotiated solution" on the stalled Rs3,000-crore project in Pune, reports PTI. "We are trying to find a negotiated solution...trying to...

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Moneylife Digital Team 24 January 2011
New Delhi: The oil ministry is ready to give an "in-principle" approval for Vedanta Resources' $9.6 billion acquisition of Cairn India, provided the mining firm led by billionaire Anil Agarwal agrees to a set of 11 preconditions, reports PTI. Earlier this month, the oil ministry had sought...

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Moneylife Digital Team 24 January 2011
Shoppers Stop Ltd said its net profit for the third quarter ended 31 December 2010 stood at Rs27.9 crore against Rs19.2 crore, which is up by 45% compared to the same last year. The company has reported a gross retail sales of Rs515.9 crore for the December 2010 quarter compared to Rs417.1...

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Moneylife Digital Team 24 January 2011
Oil and Natural Gas Corp (ONGC) Ltd said its net realisation on crude oil sales rose by over 11% in the quarter ended 31 December 2010, an indicator that the state-owned firm will post higher net profits for the period. "Our gross billing in October-December quarter was $89.13 per barrel,...

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Moneylife Digital Team 24 January 2011
Union Bank of India Ltd reported nearly 8.5% increase in its net profit to Rs579.57 crore for the quarter ended 31 December 2010. The Bank recorded a profit of Rs534.13 crore in the same period last year. The Bank's total income rose 24.87% to Rs4,693.06 crore in the third quarter of this...

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Moneylife Digital Team 24 January 2011
Asian Paints Ltd said its net profit rose by 15.61% to Rs206.60 crore for the third quarter ended 31 December 2010. The company had posted a net profit of Rs178.69 crore for the same period last fiscal, Asian Paints said in a filing to the Bombay Stock Exchange (BSE). Net sales of the...

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Moneylife Digital Team 24 January 2011
DQ Entertainment (International) Ltd has signed a licensing agreement with C Riethmuller GmbH, Germany for distribution of branded party products in Germany, Austria and Switzerland. No financial details were provided. Under the agreement, Riethmuller will manufacture and distribute branded...

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Moneylife Digital Team 24 January 2011
L&T Mutual Fund introduces 15 months scheme; Deutsche MF floats 91 days scheme; Principal MF launches Fixed Maturity Plan-367 Days; Reliance MF launches Fixed Horizon Fund-XVII-Series 13; Religare MF introduces 368 days plan; L&T Mutual Fund unveils 90 days plan L&T Mutual Fund introduces 15...

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Moneylife Digital Team 24 January 2011
Mumbai: Private sector lender ICICI Bank today reported a 77.5% jump in consolidated net profit to Rs2,039 crore for the quarter ended December 30, 2010 compared to Rs1,149 crore for the same quarter last fiscal, reports PTI quoting ICICI Bank's filing to the Bombay Stock Exchange (BSE).

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Moneylife Digital Team 24 January 2011
Kalpakkam (TN): India's first 800MW coal-fired Advanced Ultra Supercritical (AUSC) power plant will be operational by 2017 which will help reduce operational costs and emit less carbon dioxide than existing similar units, reports PTI. The AUSC will have 5% more efficiency than the existing...

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