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Moneylife Digital Team 28 March 2011
Assembly elections in Assam, Kerala, Puducherry, Tamil Nadu and West Bengal are expected to be completed by May after which the government will take a call on hiking fuel prices New Delhi: The government today hinted that petrol and diesel prices are unlikely to be hiked in haste, even though...

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Moneylife Digital Team 28 March 2011
The D1 and D3 fields have enough reserves to support peak output of 80 mmscmd. However, Reliance is not able to derive the entire volumes out as the gas is stored in isolated pools, which are not connected to each other New Delhi: Reliance Industries (RIL) has not kept its commitment on...

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Moneylife Digital Team 28 March 2011
Birla Sun Life AMC new issue closes on 29th March Birla Sun Life Asset Management Company is launching Birla Sun Life Fixed Term Plan-Series CX, a close-ended income scheme. The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the...

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Moneylife Digital Team 28 March 2011
Dr Reddy’s Laboratories has launched levocetirizine tablets, which are used for relieving allergies, in the American market Drug firm Dr Reddy's Laboratories said it has launched levocetirizine tablets, which are used for relieving allergies, in the American market. The US Food and Drug...

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Moneylife Digital Team 28 March 2011
Reliance Broadcast Network has entered the regional television space with the launch of its Hindi entertainment channel—Big Magic Anil Ambani-led Reliance Broadcast Network Ltd (RBNL) has announced its foray into the regional television space with the launch of its Hindi entertainment...

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Moneylife Digital Team 28 March 2011
The North-East will have 5,000MW of power available for consumption by 2014, Power Grid Corporation of India’s CMD SK Chaturvedi said The North-East will have 5,000MW of power available for consumption by 2014, Power Grid Corporation of India's CMD SK Chaturvedi said. Although known to be...

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Moneylife Digital Team 28 March 2011
Reliance Infrastructure has announced a Rs1,000 crore share buy-back offer to buy 8.34% shares from public shareholders Asserting that its shares are undervalued at current levels, Anil Ambani-led Reliance Infrastructure has announced a Rs1,000 crore share buy-back offer to buy 8.34% shares...

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Moneylife Digital Team 28 March 2011
Union Bank of India has got the approval from the SEBI to enter the mutual fund arena. Indiabulls Mutual Fund has also got the final approval from SEBI to launch its mutual fund business After waiting for over a year, Union Bank of India has got the approval from the market watchdog...

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Moneylife Digital Team 28 March 2011
Employees’ Provident Fund Organisation has decided to use ratings of securities and bonds by credit rating firm Brickwork Rating India for investing its funds Retirement fund body Employees' Provident Fund Organisation (EPFO) has decided to use ratings of securities and bonds by credit rating...

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Moneylife Digital Team 28 March 2011
Mumbai’s real estate market continues to be robust despite a minor blip in February when flat sales clocked a 2.40% decline Mumbai's real estate market continues to be robust despite a minor blip in February when flat sales clocked a 2.40% decline, a leading industry body said.   The city...

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Moneylife Digital Team 28 March 2011
Reliance Mutual Fund new issue closes on 29th March Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 10, a close-ended income scheme. The investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified...

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Moneylife Digital Team 28 March 2011
Fidelity Mutual Fund new issue closes on 28th March Fidelity Mutual Fund has launched Fidelity Fixed Maturity Plan Series V-Plan F, a close-ended income scheme. The investment objective of the scheme is to seek to generate reasonable returns and reduce interest rate volatility primarily...

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Moneylife Digital Team 28 March 2011
The finance ministry will have a look at the draft guidelines for giving new banking licences, which would be announced by the RBI in a few days, and invite comments before the final norms are notified New Delhi: The Reserve Bank of India (RBI) will announce draft guidelines for giving new...

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Moneylife Digital Team 28 March 2011
RIL bid for two deep-sea blocks in the Andaman Basin in the Bay of Bengal and four onshore blocks in Rajasthan and the Cambay Basin, while Cairn India has submitted offers for only two blocks-one onland and one offshore New Delhi: Reliance Industries (RIL) today bid for six oil and gas ...

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Moneylife Digital Team 28 March 2011
The CBI, however, said the extent of loss to the state exchequer may not be included in this charge-sheet as the Telecom Regulatory Authority of India was yet to complete the process of ascertaining the loss on allocation of spectrum to all operators between 2001 and 2008 New Delhi: The...

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Moneylife Digital Team 28 March 2011
Markets in Asia were mixed in early trade today while Wall Street continued its winning spree for the third day on Friday The Indian share market is likely to witness a flat-to-positive opening on Monday, tracking mixed Asian markets in early trade today on global concerns. On the other hand,...

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Moneylife Digital Team 27 March 2011
Reliance Industries announces a tie-up with DE Shaw group to build financial services business in India On a quiet Sunday morning, while the country was more excited about cricket, Reliance Industries Limited (RIL) announced plans for joint venture with the D. E. Shaw group “to build a leading...

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Moneylife Digital Team 26 March 2011
But buy only on declines The market closed the week with smart gains, mainly on institutional support and firm cues from the global arena. It had a negative bias at the close of the first day of the week, but climbed up and stayed positive on the other four days. The gains kept increasing,...

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Moneylife Digital Team 25 March 2011
A strong rally on higher volumes breaks the sideways movement of two months, but there are strong headwinds Contrary to our expectation, the market was not soft today. Rather, we had a massive rally. The four-day rally and extremely firm close changes the picture from a range-bound market to...

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Moneylife Digital Team 25 March 2011
State Bank of India plans to raise around Rs4,500 crore through bonds from the overseas market in the next fiscal to fund growth plans. Besides, with credit offtake remaining slack in the first quarter, the bank does not see any reason to hike rates soon New Delhi: The country's largest...

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