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Moneylife Digital Team 26 August 2010
New Delhi: Tyre makers' plea to bring down import duty on natural rubber to 7.5% from 20% at present has been turned down by the commerce ministry, reports PTI quoting the Rubber Board. "Union minister for commerce and industry Anand Sharma has ruled out any cut in import duty of rubber from...

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Moneylife Digital Team 26 August 2010
New Delhi: Reflecting improved investor confidence, investment in commercial real estate globally is expected to witness a "healthy" growth of 40%-50% to $300 billion in the current year, reports PTI. According to the report by global real estate services firm Jones Lang LaSalle, the first half...

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Moneylife Digital Team 26 August 2010
Medical equipment manufacturer Centenial Surgical Suture Ltd said its net profit for the financial year 2010-11 declined to Rs1.55 crore from Rs1.74 crore last fiscal. During the current fiscal, its revenues stood at Rs47.63 crore as compared to Rs49.15 crore in the last fiscal, said the...

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Moneylife Digital Team 26 August 2010
Hind Industries Ltd, a dealer in meat and meat products, said its net profit for the for the financial year 2010-11 stood at Rs2.47 crore as compared to Rs1.54 crore last fiscal. In the current fiscal, its total revenues increased to Rs122.45 crore from Rs117.98 crore, said the company in a...

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Moneylife Digital Team 26 August 2010
Millennium Beer Industries Ltd said its net profit for the first quarter increased to Rs3.41 crore from Rs1.12 crore in the same quarter last year. During the June 2010, its revenues increased to Rs102.20 crore from Rs80.89 crore. On Thursday, Millennium Beer shares ended 1.16% lower to...

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Moneylife Digital Team 26 August 2010
Eldeco Housing and Industries Ltd said its net profit for the financial year 2010-11 increased to Rs7.66 crore from Rs6.66 crore last fiscal. During the current fiscal, its revenues declined to Rs47.78 crore from Rs102.78 crore in the last fiscal, said the company in a filing to Bombay Stock...

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Moneylife Digital Team 26 August 2010
Abhishek Industries Ltd said it has received the Forest Stewardship Council's (FSC) Chain of Custody certificate for its responsible sourcing of pulpwood fibre. AIL is a major wheat straw based paper manufacturer and is known for its eco-friendly paper. The company already has formidable...

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Moneylife Digital Team 26 August 2010
NIIT Ltd, IT trainer, and Tally Solutions (P) Ltd, a business management software product company, have entered a global alliance to develop comprehensive business software professionals with expertise in Tally.ERP 9 product. Besides India, this global alliance will cover international...

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Mutual Fund Research Desk 26 August 2010
Through varying market climates, here are 14 equity schemes that have done well since 2003, according to our Mutual Fund Research Desk. An annual feature, based on our proprietary formula Identifying the right equity mutual fund, from among the hordes of offerings from various fund...

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Moneylife Digital Team 26 August 2010
New Delhi: Availability of natural gas, including imported liquefied natural gas (LNG), is likely to increase in the country by over 52% to 271.92 million standard cubic metres per day (mmscmd) by 2013-14, reports PTI quoting oil minister Murli Deora. "At present, total availability of natural...

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Because your interests are different from that of the fund companies Asset management companies (AMCs), as mutual fund companies are called, are in the business of gathering more and more assets under management (AUM) because they get a fixed fee on the funds they manage. That is why new fund...

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Indian stock markets have been trading in a tight range during the past year. Between 21 July 2009 and 21 July 2010, the Sensex managed to post gains of 19%. How has the plethora of equity diversified funds in the market fared during this period? Contrary to the usual story of more than half...

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Moneylife Digital Team 26 August 2010
Washington: The US Export-Import (Exim) Bank has sanctioned $917 million (nearly Rs4,300 crore) in loan guarantee - the largest such support to any Indian company - towards equipment for Anil Dhirubhai Ambani Group's Rs20,000 crore power project in Madhya Pradesh, India, reports PTI. The...

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Moneylife Digital Team 26 August 2010
Reliance MF launches first small cap fund; Kotak MF converts Kotak Global Emerging Market Fund into open ended scheme; ICICI Prudential MF declares dividend under two schemes; Tata MF declares dividend under Tata Equity P/E Fund; Quantum MF appoints SR Balasubramanian as director Reliance MF...

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Moneylife Digital Team 26 August 2010
New Delhi: After wranglings between the power and transport ministries, the government has now decided to notify fuel efficiency standards for auto makers under the Energy Conservation Act which will come into force from January next year, reports PTI. "The standards will be notified under the...

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How much retail market penetration has the mutual fund (MF) industry achieved? What is the investment horizon of retail investors? What have been the returns from new fund offers (NFOs)? Who has gained and lost after the market regulator banned entry-loads in August 2008? All this while, there...

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M Ramadoss, chairman-cum-managing director of New India Assurance Company Ltd, spoke to Moneylife’s Raj Pradhan and Aaron Rodrigues Moneylife: What is the current situation on the issue of cashless insurance facility? M Ramadoss: Insurance companies have found that some hospitals...

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Moneylife Digital Team 26 August 2010
New Delhi: The country's largest passenger carmaker Maruti Suzuki is understood to have considering setting up a third plant at its Manesar unit that can entail an investment of about Rs1,700 crore, reports PTI. According to industry sources, the company is mulling an additional plant that will...

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Moneylife Digital Team 25 August 2010
New Delhi: The government may give Rashtriya Chemicals and Fertilizers (RCF) natural gas from Oil and Natural Gas Corporation’s (ONGC) western offshore C-Series fields in place of cheaper KG-D6 gas it currently gets from Reliance Industries (RIL). RCF currently buys 0.95 million standard...

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Moneylife Digital Team 25 August 2010
Mumbai: The country's oldest foreign bank HSBC India has said it will go slow on retail and credit cards businesses as it wants to focus on global banking, investment banking, wealth management, insurance and mortgages as the key growth drivers in the country, reports PTI. "We will not chase...

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