INVESTOR INTEREST


Moneylife Digital Team 09 May 2011
Expect selling pressure at the Nifty level of 5,600 The market opened with gains following last week’s sell-off in commodities, especially crude, easing the government’s worries about higher prices. Sensex and Nifty opened in positive at 18,629 and 5,575. Immediately the market hit their...

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Moneylife Digital Team 09 May 2011
Give its schemes the go-by. There are many other fund houses with a long track record to pick from It looks like mutual fund (MF) investors are spoilt for choice, with more and more players springing up. An addition to the already crammed space of MF players is Union KBC, a joint venture...

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Moneylife Digital Team 09 May 2011
The oil ministry’s directive of prioritising gas supplies followed a sharp drop in output at the KG-D6 fields. Production fell from 61.5 mmscmd achieved in March 2010 to under 50 mmscmd currently, instead of rising to about 69 mmscmd as was projected previously New Delhi: Falling in line with...

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Moneylife Digital Team 09 May 2011
The growth in revenue is largely due to the addition of 1,320MW power generation capacity in FY10-11, taking the total power generation capacity of Adani Power to 1,980MW,” the company said in a regulatory filing New Delhi: Adani Power today posted a 77% jump in profit after tax to Rs174 crore...

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The former member of the SEBI Board, in a letter to the prime minister, alleges how an "informal clique of current and serving bureaucrats, SEBI officials, lawyers and corporate interests orchestrated a subversion of the due process of law". It vindicates Moneylife's stand on various...

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Moneylife Digital Team 09 May 2011
The food ministry has issued export release orders for 91,685.91 tonnes of sugar to 83 mills. The release orders for nine mills were not approved due to problems in their agreements or applications New Delhi: The food ministry has issued export orders for nearly 92,000 tonnes of sugar to mills...

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Moneylife Digital Team 09 May 2011
Mundra Port and Special Economic Zone reported a net profit of Rs676 crore in 2009-10 Mundra Port and Special Economic Zone (MPSEZL), an Adani Group firm, today reported a growth of 35.82% in its consolidated net profit at Rs918.14 crore for the year ended 31 March 2011. The company had...

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Moneylife Digital Team 09 May 2011
The current order book of Welspun Corp stands at Rs6,941 crore Welspun Corp, the flagship company of the Welspun Group, said it has won orders worth Rs788 crore for plates, coating and other line pipe items. “With these orders, the current order book of the company stands at Rs6,941 crore,”...

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Moneylife Digital Team 09 May 2011
Tata Motors exported 498 Nano last month compared to a single unit in the corresponding month last year Tata Motors has started sending its small car Nano to overseas markets, with shipment of 498 units in April this year and a formal announcement of starting exports of the ‘people’s car’ is...

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Moneylife Digital Team 09 May 2011
The joint venture company will serve the Indian heavy engineering industry, supplying both new build gearboxes and aftermarket services Manufacturer of automotive components, Bharat Forge (BFL) through its wholly owned subsidiary, BF Infrastructure Ventures (BFIVL) has signed a shareholders...

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Moneylife Digital Team 09 May 2011
Aanjaneya Lifecare aims to raise around Rs120 crore through the issue of 50 lakh equity shares The initial public offering (IPO) of Aanjaneya Lifecare, a unit of Finaventure Capital, has opened for subscription today. The company aims to raise around Rs120 crore through the issue of 50 lakh...

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Moneylife Digital Team 09 May 2011
Galaxy Surfactants IPO closes on 19th May Galaxy Surfactants is entering the capital markets with an initial public offering (IPO) of 59.30 lakh equity shares of Rs10 each. The price band for the issue has been fixed at Rs325 at lower level and Rs340 at upper level. Galaxy Surfactants...

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Moneylife Digital Team 09 May 2011
Tata Mutual Fund new issue closes on 12th May Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 33 Scheme B (90 days maturity), a close-ended income scheme. The investment objective of the schemes is to generate income and/or capital appreciation by investing in wide range of debt...

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Moneylife Digital Team 09 May 2011
Kotak Mahindra Mutual Fund new issue closes on 19th May Kotak Mahindra Mutual Fund has launched Kotak FMP Series 46 (370 Days), a close-ended income scheme. The tenor of the plan is 370 days. The investment objective of the scheme is to generate returns through investments in debt and money...

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Moneylife Digital Team 09 May 2011
Birla Sun Life Mutual Fund new issue closes on 18th May Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series DB, 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 duration...

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Moneylife Digital Team 09 May 2011
SEBI’s board had given a clean chit to NSDL last year after setting aside the order of the special committee, which had found NSDL to be at fault in the matter. The development took place when its chairman was CB Bhave, who earlier headed NSDL New Delhi: Market regulator Securities and Exchange...

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Moneylife Digital Team 09 May 2011
The apex court’s direction came after senior advocate Soli Sorabjee appearing for the Sahara Group, informed the court that the investors had given wrong details regarding their residential address and other necessary information and the company cannot be liable for that New Delhi: The Supreme...

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Moneylife Digital Team 09 May 2011
The surge in trading volumes and a heavy fall in the shares on a day when the company announced a loss after market hours was being viewed as an unusual event to the market surveillance authorities and accordingly, they have begun a preliminary probe New Delhi: SKS Microfinance today said it...

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Moneylife Digital Team 09 May 2011
Lacklustre macroeconomic data, turmoil in the Middle East, inflationary pressure in emerging markets, the long-running Eurozone debt crisis and post-earthquake economic challenges in Japan are becoming concerns of investors across the world, international fund tracking firm EPFR said in its...

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Moneylife Digital Team 09 May 2011
The company, which is hoping to launch the indices by September this year, said the indices will be the barometer for measurement of the real estate sector performance and will also enable trade on the exchange Mumbai: New Delhi-based research firm PE Analytics has drawn up plans to launch its...

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