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Moneylife Digital Team 19 August 2010
Subex Ltd, provider of operations and business support systems for communications service providers (CSP), said it has renewed its ROC revenue assurance contract for three years with a CSP in Malaysia. The multi-million dollar contract involves Subex providing ROC revenue assurance service...

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Moneylife Digital Team 19 August 2010
Sadbhav Engineering Ltd's subsidiary Sadbhav Infrastructure Project (SIPL) has signed a binding agreement to receive Rs400 crore from Norwest Venture Partners (NVP) and The Xander Group (Xander)-the global investors. SIPL will use the capital to continue to fund its existing road development...

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Moneylife Digital Team 19 August 2010
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) may have to pay over $13 billion if it were to exercise its pre-emption or right of first refusal (RoFR) to buy Cairn India in the giant Rajasthan block, reports PTI. Cairn India holds 70% operator interest in the 6.5 billion barrels...

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Moneylife Digital Team 19 August 2010
Reliance MF files offer document with SEBI to launch Reliance Fixed Horizon Bond Fund; SBI Mutual Fund launches SBI Debt Fund Series-370 Days Fund-5; IDFC Mutual Fund to transact through BSE & NSE platform; State Bank of Indore hikes lending rate by 50 bps to 13.25%; ICICI Bank introduces Zero...

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Moneylife Digital Team 19 August 2010
Bhopal: The Anil Dhirubhai Ambani Group (ADAG) has been granted permission to explore coal bed methane (CBM) in the Shahdol district of Madhya Pradesh, reports PTI. The Madhya Pradesh Directorate General of Hydrocarbons has granted Petroleum Exploration Licence (PEL) to ADAG for exploration of...

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Moneylife Digital Team 19 August 2010
New Delhi: The government will consider lifting ban on sugar futures trading in the first week of September after assessing production situation of the sweetener, reports PTI quoting agriculture minister Sharad Pawar. Trading in sugar futures was banned in May 2009 and the suspension is valid...

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Moneylife Digital Team 19 August 2010
New Delhi: The government on Wednesday said that the National Highways Authority of India (NHAI) has spent over Rs53,202 crore on road projects during the last three financial years, reports PTI. The NHAI incurred an expenditure of Rs17,490.48 crore, Rs17,756.37 crore and Rs17,955.57 crore in...

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Moneylife Digital Team 19 August 2010
The market is likely to open flat-to-positive on supportive global cues. Wall Street settled on a positive note as sales forecast from Target Corp eased worries about consumer demand. Markets in Asia were on a sound footing as speculations that a rise in consumer demand in the US would boost...

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Moneylife Digital Team 18 August 2010
New Delhi: State-run Oil and Natural Gas Corporation (ONGC) may seek management control of the giant Rajasthan oilfields in lieu of allowing UK's Cairn Energy to sell majority stake in its Indian arm that now operates the field, to a non-oil firm, Vedanta Resources for $8.48 billion, reports...

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The massive daily turnovers of the two national bourses hide some shocking facts, as the finance ministry’s startling revelations in Parliament reveal. Narrow, shallow, illiquid and concentrated in the hands of a few individuals located in a few centres — that describes the state of the...

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Moneylife Digital Team 18 August 2010
The move might just result in the already beleaguered industry having to shoulder additional costs The Securities and Exchange Board of India (SEBI) today asked all fund houses to facilitate smoother shift of mutual fund units between two demat accounts.  The National Stock Exchange (NSE)...

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Moneylife Digital Team 18 August 2010
Bangalore: The number of third generation (3G) subscribers are projected to cross 107 million-mark by 2015, reports PTI quoting a report by a leading industry-focused tax and advisory services Pricewaterhouse Coopers PwC). Initially, the uptake of mobile broadband services (MBS) will almost...

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Moneylife Digital Team 18 August 2010
A gold-trading company that claims that it ‘earns’ 6% margin per month is ‘offering’ 200% returns to unsuspecting people from the North East. It looks like multi-level marketing (MLM) companies from India are not doing their job well enough in duping gullible people. Now surface reports of a...

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Moneylife Digital Team 18 August 2010
After ending flat for two days in a row, the market ended on a higher note today. It witnessed a firm opening on the back of supportive global cues. The upmove was aided by stocks from the healthcare, auto and fast moving consumer goods sectors. There was some selling pressure and the indices...

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Moneylife Digital Team 18 August 2010
Asset management companies (AMCs) have optimistically launched infrastructure funds aiming to gain from India's ambitious infrastructure plans. However, the returns have not been very encouraging. Currently there are 17 infrastructure funds in the market. We analysed the performance of these 17...

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Moneylife Digital Team 18 August 2010
New Delhi: Market regulator Securities and Exchange Board of India (SEBI) today proposed to double the investment limit for retail investors to Rs2 lakh in public issues, a move that will enable individuals to aggressively participate in primary issues of companies, reports PTI. "It is proposed...

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Moneylife Digital Team 18 August 2010
Nagreeka Capital & Infrastructure Ltd said it appointed its managing director Sushil Patwari as its chairman. On Wednesday, Nagreeka Capital shares declined 0.6% to Rs35 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.2% up at 18,257 points.

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Moneylife Digital Team 18 August 2010
Sudarshan Chemical Industries Ltd said it appointed PS Raghavan as its company secretary, replacing NJ Rathi., its director and company secretary. Mr Rathi, will continue to hold the post of a director on board of the company, Sudarshan Chemical said in a regulatory filing. On Wednesday,...

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Moneylife Digital Team 18 August 2010
MVL Ltd said it has decided to acquire majority stake in MVL Telecom Ltd. The initial investment shall be in the form of equity injection of Rs120 crore in MVL Telecom. This investment in the telecom sector will enable MVL to improve its profitability. In the next phase, MVL will invest...

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Moneylife Digital Team 18 August 2010
Steel Strips Wheels Ltd (SSWL) has received orders from two companies in Germany and UK. SSWL will export nearly 5,000 wheels to these companies. The business will earn foreign exchange to the tune of Rs30 lakh, said the company in a statement. On Wednesday, SSWL shares closed 1.5% up at...

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