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Moneylife Digital Team 10 June 2011
A high-level committee is to be constituted that will examine, verify and monitor the project at various stages and the compliance of conditions Mumbai: An Expert Appraisal Committee (EAC) set up by the environment ministry has recommended conditional approval to Lavasa Corporation, a...

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Moneylife Digital Team 10 June 2011
Brokerages say inflation and high rates have been a bother for the market, which has corrected nearly 10% this year. They point out that while environmental and corruption issues have pushed back investment, capital goods orders have been better than expected recently, and there could be a...

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Moneylife Digital Team 10 June 2011
Aurobindo Pharma now has a total of 138 abbreviated new drug application (ANDA) approvals from the USFDA Aurobindo Pharma said it has received final approval from the US health regulator to market and manufacture Ramipril Capsules, used for treating hypertension, in the American market. The...

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Moneylife Digital Team 10 June 2011
Based on IMS health data for the 12-month period ending March 2011, Mupirocin ointment garnered annual sales of $55 million and achieved a 9% increase in growth compared to the same period last year Drug firm Glenmark said it has received final approval from the US health regulator for its...

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Moneylife Digital Team 10 June 2011
Tata Motors will supply 1,111 trucks to Siddhivinayak Logistics during the year Tata Motors said that it has received its largest order ever of Medium & Heavy Commercial Vehicles from a single fleet owner. The order is from Siddhivinayak Logistics Ltd (SVLL) to supply 1,111 M&HCV trucks, to...

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Moneylife Digital Team 10 June 2011
Taurus Mutual Fund new issue closes on 14th June Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series G (370 Days), a close-ended income scheme. The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and...

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Moneylife Digital Team 10 June 2011
SBI Mutual Fund new issue closes on 13th June SBI Mutual Fund has launched SBI Debt Fund Series-90 Days-44, a close-ended income scheme. The investment objective of the plan is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising...

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Moneylife Digital Team 10 June 2011
JP Morgan Mutual Fund new issue closes on 13th June JPMorgan Mutual Fund has launched JPMorgan JF ASEAN Equity Off-shore Fund, an open-ended funds of funds-overseas. The investment objective of the scheme is to provide long term capital growth by investing predominantly in JPMorgan...

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Moneylife Digital Team 10 June 2011
IDBI Mutual Fund new issue closes on 13th June IDBI Mutual Fund has launched IDBI FMP-90 Days Series I (June 2011)-C, a close-ended income scheme. The investment objective for each plan(s) under the scheme will be to generate regular income through investments in debt and money market...

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Moneylife Digital Team 10 June 2011
HDFC Mutual Fund new issue closes on 14th June HDFC Mutual Fund has launched HDFC FMP 370D June 2011 (2), a close-ended income scheme. The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities...

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Moneylife Digital Team 10 June 2011
DSP BlackRock Mutual Fund new issue closes on 14th June DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-3M-Series 38, a close-ended income scheme. The investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market...

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Moneylife Digital Team 10 June 2011
DSP BlackRock Mutual Fund new issue closes on 14th June DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 22, a close-ended income scheme. The investment objective of the schemes is to seek to generate returns and capital appreciation by investing in a portfolio of debt...

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Moneylife Digital Team 10 June 2011
This licence will help BBVA to invest in the on-shore bond market in India The Indian regulator SEBI (Securities and Exchange Board of India) has granted the certificate of registration, permitting BBVA to access the Indian on-shore bond market. This marks BBVA's second undertaking in the...

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Moneylife Digital Team 10 June 2011
This is despite the market volatility and significant challenges faced by the insurance sector Aviva Life Insurance announced a profit of Rs29 crore in FY2010-11, for the first year since launch of operations in May 2002, against a reported loss of Rs345 crore in the previous year. This is...

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Big brokers are reluctantly lowering their earnings growth target, leading to the belief that the market is undervalued. Is it based on false premises? Is the Indian market undervalued? This is the million-dollar question today. It is the inability of big investors to answer this question...

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Moneylife Digital Team 10 June 2011
Detailing the cases where it breached prudential limits for single-borrower exposure during the fiscal ended 31 March 2011, SBI has named RIL as also public sector majors IOC and BHEL as three such borrowers in its annual report New Delhi: State Bank of India (SBI), the country's largest...

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Moneylife Digital Team 10 June 2011
India, the world's second-biggest producer of wheat, is expected to harvest a record 84.27 million tonne of wheat this year. China, with more than 100 million tonne of output, is the largest wheat producing country in the world New Delhi: The International Grains Council (IGC) has lowered its...

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Moneylife Digital Team 10 June 2011
After Rs1,365 crore of outflows in April 2011, mutual funds have recorded Rs1,480 crore of inflows in May 2011—almost 94% of this amount was from existing schemes Indian equity funds have recorded a surprisingly robust performance in May. This huge positive inflow belies the mood...

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Moneylife Digital Team 10 June 2011
The strike at the plant is now threatening to spread to the Gurgaon-Manesar belt, with a panel of workers of various firms in the region warning of a similar stir if the demands of their agitating colleagues at India's largest car-maker are not met New Delhi: The country's largest car-maker...

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Moneylife Digital Team 10 June 2011
The Delhi High Court had on 8th June dismissed the bail pleas of Ms Kanimozhi and Kalaignar TV MD Sharad Kumar, saying they have strong political connections and the possibility of them influencing witnesses cannot be ruled out New Delhi: Dravida Munnettra Kazhagam (DMK) Member of Parliament...

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