INVESTOR INTEREST


Moneylife Digital Team 24 May 2011
It’s a joke. Would you want to pay 2.5% for a fund that returns 2.58% over the last five years? JP Morgan Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch JP Morgan America Large Cap Equity Off-shore Fund, an open ended fund of funds....

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Moneylife Digital Team 24 May 2011
SEBI generally does not make public its ongoing probes on the ground that the investigations could be jeopardised by interest parties. However, regulators in the US and some other countries generally issue a public statement even at the time of launch of their investigations New Delhi: Market...

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Moneylife Digital Team 24 May 2011
The central bank had in 2008 planned to introduce the CDS for corporate bonds, but postponed the move in view of the global financial crisis, which was caused by large scale trading in such debt instruments Mumbai: The Reserve Bank of India (RBI) today came out with a credit default swap...

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Moneylife Digital Team 24 May 2011
Expect an oversold bounce which may take Nifty to 5,450 The market which saw listless trade in the absence of any triggers, ended flat with a positive bias on Tuesday, reflecting the small gains accrued by Asian markets today. The Sensex and Nifty opened at 18,016 and 5,385,...

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Moneylife Digital Team 24 May 2011
A recent study reveals that fund managers have a bearish outlook for the equity market over the next three months. But most of them would rather retain their existing portfolio and not make any changes to their exposure to equities A recent survey has revealed that fund managers have a...

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Moneylife Digital Team 24 May 2011
The court also took into account CBI’s apprehensions that the accused, if released on bail at this stage, may influence the witnesses as many of them are employed in their companies New Delhi: Swan Telecom promoter Shahid Usman Balwa, an accused in second generation (2G) spectrum allocation...

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Moneylife Digital Team 24 May 2011
Deliberations on allowing insurance companies to list on the bourses have been going on between capital markets regulator SEBI and IRDA for nearly three years now New Delhi: The Insurance Regulatory and Development Authority (IRDA) has sought the Life Insurance Council’s views on a revised...

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Moneylife Digital Team 24 May 2011
For the fourth quarter, Mandhana Industries saw its net profit touching Rs17.47 crore, which is a 17.73 % rise over the net profit of Rs14.84 crore for the corresponding period last year Textile & garment maker, Mandhana Industries Ltd, reported its annual audited profit & revenue numbers with...

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Moneylife Digital Team 24 May 2011
Bharat Forge had posted a net profit of Rs61.26 crore during the corresponding quarter of 2009-10 Bharat Forge reported a jump of 63.87% in its standalone net profit at Rs100.39 crore for the quarter ended 31 March 2011. The company had posted a net profit of Rs61.26 crore during the...

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Moneylife Digital Team 24 May 2011
Reliance Communications achieved the “industry’s highest new wireless customer additions in April, 2011” Anil Ambani’s Reliance Communications (RCom), which offers GSM and CDMA mobile services, said it added 2.94 million new mobile users in April. A company statement said Reliance...

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Moneylife Digital Team 24 May 2011
This patent grant will be in force till 2025 in the member countries of EPO which will reinforce the market position of Venus Remedies in Germany, UK, France, Spain, Sweden, Italy and Switzerland Venus Remedies has been granted patent by European Patent Office (EPO) for its research drug...

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Moneylife Digital Team 24 May 2011
“We are targeting a credit growth of 22.5%, while deposit growth of 20% in the current financial year,” Central Bank of India, CMD, S Sridhar said Central Bank of India said it is expecting a credit growth of 22.5% and net interest margin (NIM) of 3.5% during the current fiscal. “We are...

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Moneylife Digital Team 24 May 2011
AccuRUSI Framework will enable insurers to leverage and harmonise technologies to achieve business goals such as underwriting profitability and pricing accuracy L&T Infotech has launched “AccuRUSI” (Accurate Risk Underwriting and Systems Integration), a framework aimed at transforming...

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Moneylife Digital Team 24 May 2011
Dewan Housing Finance’s new rate will be effective for its customers from 20th May Two financial institutions Dewan Housing Finance Corporation Ltd (DHFL) and Srei BNP Paribas raised their lending rates by 50 basis points each inline with the market trend. DHFL’s new rate will be effective...

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Moneylife Digital Team 24 May 2011
SBI Mutual Fund new issue closes on 31st May SBI Mutual Fund has launched SBI Debt Fund Series-36 Months-1, a close-ended income scheme. The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising...

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Moneylife Digital Team 24 May 2011
Religare Mutual Fund new issue closes on 25th May Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VII-Plan A to F-Plan E (180 Days), a close-ended income scheme. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money...

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Moneylife Digital Team 24 May 2011
Reliance Mutual Fund new issue closes on 25th May Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XVIII-Series 12, a close-ended income scheme. The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of...

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Moneylife Digital Team 24 May 2011
ICICI Prudential Mutual Fund new issue closes on 26th May ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 57-1 Year Plan A, a close-ended income scheme. The investment objective of the plan under the scheme is to seek to generate regular returns by...

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Moneylife Digital Team 24 May 2011
EPFO is in the process of appointing multiple fund managers for managing its funds for a three year period beginning 1st July Retirement fund body EPFO (Employees’ Provident Fund Organisation) will not take into account the past performance of previously engaged ICICI Pru, HSBC AMC, SBI and...

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Moneylife Digital Team 24 May 2011
“The regulator is considering to open up distribution channel... The final call by IRDA will be taken soon,” Life Insurance Council Secretary General SB Mathur said To increase insurance penetration, the regulator IRDA (Insurance Regulatory Development Authority) is contemplating allowing banks...

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