INVESTOR INTEREST


Moneylife Digital Team 28 June 2011
Tata Mutual Fund new issue closes on 11th July Tata Mutual Fund has launched Tata Fixed Tenure Fund Series 2, a close-ended income scheme. The investment objective of the scheme is to generate income and/or capital appreciation by investing predominantly in debt and money market...

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Moneylife Digital Team 28 June 2011
Experts opine that re-negotiation of the DTAA would not be of much help. Instead, the FII investments into the country would be impacted if capital gains tax is imposed New Delhi: Review of India’s three-decade old double tax avoidance agreement (DTAA) with Mauritius will not impact foreign...

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Moneylife Digital Team 28 June 2011
PFC has set a target for borrowing Rs30,000 crore during the current financial year Power Finance Corporation (PFC) may raise Rs5,000 crore this fiscal through a tax-free bond issue, an instrument that would help the company raise cheaper loans. PFC which is engaged in financing power...

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Moneylife Digital Team 28 June 2011
The e-Wallet Card is an electronic payment service offered free of cost by Axis Bank to its customers Axis Bank has launched the ‘e-Wallet Card’, an innovative solution for online payments. The e-Wallet Card is an electronic payment service offered free of cost by the Bank to its customers,...

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Moneylife Digital Team 28 June 2011
The MoU aims at simplifying the salary disbursement procedure and to deliver modern banking facilities of IndusInd Bank to the Indian Army IndusInd Bank and the Indian Army have signed a memorandum of understanding (MoU) for issuing salary accounts to personnel of all ranks of the Indian...

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Moneylife Digital Team 28 June 2011
According to an analysis, 10 foreign fund houses sold shares of Indian companies worth Rs2,939 crore through open market transactions on the Bombay Stock Exchange in 2011. At the same time, eight overseas investors bought shares of 10 other firms, including Cairn India, for Rs1,811 crore during...

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Moneylife Digital Team 28 June 2011
Gartner said the enterprise software vendor landscape continues to change as M&As are expected to continue as vendors and service providers look to expand their customer bases, add unique features aligned to a vertical-market or technology function and improve overall market presence New Delhi:...

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Moneylife Digital Team 28 June 2011
The automaker approached the apex court as the Calcutta High Court had on Monday refused to pass an interim stay order observing that the Tata Motors petition had no specific statement as to when the process of land distribution would start New Delhi: Tata Motors today approached the Supreme...

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Moneylife Digital Team 28 June 2011
Cairn Energy will sell its 40% stake in its Indian arm to Vedanta at Rs355 per share instead of Rs405 a share agreed in August last year. It will now get gross proceeds of Rs27,007 crore (about $6.02 billion) instead of Rs30,811 crore ($6.84 billion) it was initially expecting New Delhi: In the...

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Moneylife Digital Team 28 June 2011
Policymakers opine that the oil duty cuts will have a ‘negative impact’ on fiscal deficit’ The local market is likely to open with marginal gains, tracking positive global cues. However, the expiry of the June futures and options contract might lead to some volatility. The US market...

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Moneylife Digital Team 27 June 2011
Nifty may trade between 5,450 and 5,650 before the next move Adding to the surge on Friday, the market headed further northwards today, after overcoming initial hiccups. The gains were largely attributed to the oil & gas sector after the government raised retail fuel prices after the market...

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Moneylife Digital Team 27 June 2011
The CAG said that in the case of performance audit on hydrocarbon production sharing contracts, interactive meetings were held with two operators, including RIL, prior to the finalisation of the draft performance audit report New Delhi: Government auditor Comptroller and Auditor General of...

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Moneylife Digital Team 27 June 2011
Sahara India Real Estate Corp wants SEBI to expunge the parts of the order directing it to return money with interest to the investors as it has created a panic among the investors New Delhi: The Supreme Court will hear on 4th July a Sahara group firm’s plea challenging a Securities and...

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Moneylife Digital Team 27 June 2011
A new class of investors called Qualified Foreign Investors, but not FIIs, can invest money into domestic mutual funds through Unit Confirmation Receipts or Depository Participant route, joint secretary (capital markets) in the finance ministry, Thomas Mathew informed the media New Delhi: The...

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Moneylife Digital Team 27 June 2011
The total gross premium of 23 players in the non-life insurance market rose by 27%, from Rs3,151.41 crore in May 2010, according to IRDA data New Delhi: The premium income of general insurance industry, comprising four public sector entities, grew by 27% in May to Rs4,004 crore, reports PTI.

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Moneylife Digital Team 27 June 2011
Because of the significant delay in the release of cash compensation, liquidity position of the public sector oil marketing companies has been negatively affected, resulting in increased reliance on short-term borrowings, credit ratings agency ICRA said in a report New Delhi: The government’s...

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Moneylife Digital Team 27 June 2011
The Cognis business will be integrated in BASF India with effect from 1 July 2011 Consequent to the acquisition of Cognis Holding GmbH by BASF SE worldwide in December 2010, the board of directors of BASF India have approved the proposal to purchase the business of Cognis Specialty Chemicals...

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Moneylife Digital Team 27 June 2011
NBHC is building first warehousing complex with a capacity of 50,000MT for storage of food grains exclusively for Usher Agro at Chhata district in Mathura Usher Agro, one of the largest rice millers in India, has signed a memorandum of understanding (MoU) with National Bulk Handling Corporation...

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Moneylife Digital Team 27 June 2011
The order is scheduled to be executed by February 2012 AGS Transact Technologies, one of the leading system integrators in the business of touch-point transformations, has won an order worth Rs27 crore from Indian Oil Corporation (IOCL). AGS Transact will set up automatic tank gauging...

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Understanding the distortions created by governments trying to control the markets can help investors win. But buying into a bubble requires knowing when it will burst, for if you get it wrong, it might be like standing downstream when a dam goes China's Three Gorges dam is a magnificent...

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