INVESTOR INTEREST


Is there too much of optimism in the air? The year has opened well for the bulls. The Dow was up 100 points on the first trading day and the Indian markets have continued to rally since 10th December. The US bulls believe that they have a lot going for them: extended tax cuts and Fed chairman...

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Moneylife Digital Team 10 January 2011
Artson Engineering Ltd said it has won a contract worth around Rs32 crore from Cairn Energy India Pty Ltd for Bhagyam Field Development Project in Barmer, Rajasthan on-shore oil fields. The project consists of all mechanical works and piping for eight wellpads. The project is expected to be...

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Moneylife Digital Team 10 January 2011
Indraprastha Gas Ltd said its net profit stood at Rs67.19 crore, up 14.02% for the December 2010 quarter compared to Rs58.93 crore in the corresponding period last year. The company's net revenues jumped 59.76% to Rs454.70 crore in the December 2010 quarter from Rs284.61 crore, said the...

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Moneylife Digital Team 10 January 2011
Pune-based Sterlite Technologies Ltd said it has arranged Rs700 crore worth of funds for its mega transmission project connecting North-east with the Northern states India. The ultra mega power transmission project (UMTP) was won by East North Interconnection Company Ltd (ENICL), a...

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Moneylife Digital Team 10 January 2011
Birla Sun Life MF launches Capital Protection Oriented Fund-Series 3; BNP Paribas MF introduces Fixed Term Fund-Series 19 F; Fidelity MF floats Fidelity Fixed Maturity Plan Series IV-Plan F; IDFC Mutual Fund launches Fixed Maturity Plan-Thirty-Six Months Series 2; Kotak Mahindra MF floats 370 days...

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Moneylife Digital Team 10 January 2011
New Delhi: India's import of sensitive items, including pulses, vegetables and automobiles have risen by 14.1% to Rs40,499 crore during the April-October period of the current fiscal, reports PTI. The country had imported such items worth Rs35,487 crore in the same period of last fiscal,...

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Moneylife Digital Team 10 January 2011
New Delhi: In a move that could further push up onion prices, traders in Nashik and adjoining areas today went on two-day strike against income tax raids and disrupted supply to contracting traders from other states who are being forced to sell the vegetable at "below the cost price", reports...

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Moneylife Digital Team 10 January 2011
Bangalore: US-based iGate-led consortium today clinched a deal to buy nearly 63% stake in India's sixth largest IT firm Patni Computer for about $921 million (Rs4,188 crore) after several rounds of negotiations, reports PTI. "iGate subsidiaries will pay Rs503.50 per share for buying 63% stake...

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Moneylife Digital Team 10 January 2011
New Delhi: The Supreme Court on Monday issued notice to the Centre on the plea seeking cancellation of second generation (2G) spectrum licenses allocated during the tenure of former telecom minister A Raja, reports PTI. The apex court also issued notices to 11 companies which allegedly did...

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Economic growth requires more investment in infrastructure. But while more and more people buy more and more vehicles, governments are not spending enough to build or manage the transport system, simply because there are less opportunities in it for corruption All investors love growth for...

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Munira Dongre 10 January 2011
The brokerage suggests that telecom, cement and PSU oil & gas firms should see a decline in profits compared to the second quarter. Going ahead, seasonality, strong commodity prices and interest costs will hurt CLSA, an independent investment and brokerage institution, expects Sensex earnings...

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Moneylife Digital Team 08 January 2011
Jindal Poly Films Ltd's subsidiary Jindal Resources (Mozambique) Limitada has participated in the tenders issued by Ministry of Mineral Resources, Government of Mozambique for auction of coal blocks for geological prospecting and exploration of coal in Mozambique. The company has been...

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Moneylife Digital Team 08 January 2011
New Delhi: Wholesale prices of onion today declined by Rs3 to Rs40 per kg in Delhi due to increased arrival from key growing states, reports PTI. “Arrival of onions are increasing from Maharashtra, Gujarat, Madhya Pradesh and Rajasthan. As a result, prices have come down by Rs3 per kg from...

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Moneylife Digital Team 08 January 2011
Mumbai: Capital markets regulator Securities and Exchange Board of India (SEBI) on Friday cautioned against the “increasing incestuous relationship” that mutual fund (MF) players are developing with their rating agencies and called for maintaining an “arms-length relationship” with these...

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Moneylife Digital Team 07 January 2011
Large investors seem to have come back from the holidays in a mood to sell. The Sensex has lost 869 points in four days and may go down further by 1,000 points Although the year and the week began with the opening gap of 112 points on the Sensex, suggesting that the market will continue with...

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Moneylife Digital Team 07 January 2011
Kolkata: Reliance Retail Ltd, a wholly-owned subsidiary of Reliance Industries, has chalked out plans to open another 150 stores in all formats by March 2011, reports PTI quoting a top official. "We will open 100 to 150 stores by March," Reliance Retail president and chief executive...

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Moneylife Digital Team 07 January 2011
New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has begun the process of finalising its guidelines on the way bourses are owned and do business, based on the feedback received on recommendations made by a committee set up by the regulator on this matter, reports PTI.

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Munira Dongre 07 January 2011
Oil & gas, metals, banks and auto sectors will drive earnings; cement and telecom are expected to lag behind; low base effect may be over for the Sensex from this quarter, according to a brokerage house An important factor to keep in mind when looking at the October-December 2010 quarter...

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Moneylife Digital Team 07 January 2011
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) today warned investors that two Sahara Group companies have been raising funds without its approval and said it will not be able to redress any complaint in this regard, reports PTI. The regulator, in a public notice, said...

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Moneylife Digital Team 07 January 2011
Thiruvananthapuram: The National Bank for Agriculture and Rural Development (NABARD) will pay greater focus on financing through 'Joint Liability Groups' (JLGs) in Kerala as it is found more effective way of priority sector lending, reports PTI. JLGs are informal groups of even 4-10...

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