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Moneylife Digital Team 18 January 2011
Reliance Communications Ltd (RCom) has drawn down $255 million (Rs1,155 crore) by way of external commercial borrowing (ECB) to part refinance rupee resources used for 3G Spectrum fee payment to the Department of Telecommunications (DoT), government of India. This loan is funded by a consortium...

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Moneylife Digital Team 18 January 2011
Max New York Life launches Flexi Fortune; Birla Sun Life MF launches Fixed Term Plan-Series CM; DSP BlackRock MF launches FMP-3M-Series 28; ICICI Pru MF floats Fixed Maturity Plan-Series 54-24 Months Plan A; Reliance MF introduces Fixed Horizon Fund-XVIII-Series 2; SBI Mutual Fund unveils SBI Debt...

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Moneylife Digital Team 18 January 2011
Mumbai: The Reserve Bank of India (RBI) on Monday tightened the prudential norms for non-banking financial companies (NBFCs) to protect them from any impact of possible economic downturn, a development that may push up their lending rates, reports PTI. Under the new RBI norms, both deposit...

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Moneylife Digital Team 18 January 2011
New Delhi: Enterprise communication service provider Tulip Telecom today said its subsidiary has bought the data centre facility in Bengaluru from SADA IT Parks Pvt Ltd (SADA) for Rs230 crore and would further invest Rs670 crore to upgrade it, reports PTI. Tulip Telecom's arm Tulip Data...

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Moneylife Digital Team 18 January 2011
Mumbai: The Union ministry of environment and forests (MoEF) today told the Bombay High Court that it would submit its affidavit and a copy of its order on the controversial Lavasa housing project near Pune, which allegedly violated green norms, reports PTI. Additional Solicitor General...

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Munira Dongre 18 January 2011
HDFC’s loan growth is likely to moderate with withdrawal of dual-rate product and hike in lending rates. Rising coking coal prices will continue to dent SAIL’s margins HDFC's December quarter results were good, but going forward it will face a higher base, moderating demand, and higher cost of...

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Moneylife Digital Team 18 January 2011
Cues from the Asian markets indicate an opening in the green for the Indian market. The regional bourses were mixed in early trade today, brushing aside fears of possible policy tightening initiatives. Absence of cues from the US also led to the cautiousness in the minds of investors. The SGX...

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Moneylife Digital Team 17 January 2011
Sensex and Nifty may even try to make a recovery The local market opened weak on mixed cues from its Asian peers, then skidded further early in the day, after which the indices popped in and out of the red in choppy trade. The early decline was led by selling in rate-sensitive sectors like...

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Moneylife Digital Team 17 January 2011
New Delhi: Industry chamber, Confederation of Indian Industry (CII) today pitched for expeditious enactment of the Insurance bill to hike the FDI in private insurance companies to 49%, from the current 26%, to raise the penetration level, particularly in the rural markets, reports PTI.

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Moneylife Digital Team 17 January 2011
Mumbai: The country's largest software firm Tata Consultancy Services (TCS) today posted 29.93% jump in consolidated net profit at Rs2,369.83 crore for the third quarter ended 31 December 2010, reports PTI. The company has announced a 200% dividend. It has declared the third interim dividend...

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Moneylife Digital Team 17 January 2011
New Delhi: State-run lending agency Power Finance Corporation (PFC) posted 17% jump in its net profit at Rs658.8 crore for the quarter ended 31 December 2010, reports PTI. The company had recorded a net profit of Rs563.6 crore for the quarter ended 31 December 2009, the company informed the...

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Moneylife Digital Team 17 January 2011
Singapore: Tea Board of India today said that it is looking at Singapore as a platform to tap the export market in the Asia Pacific region, reports PTI. "We have to use the mid-point to markets in Asia Pacific," Tea Board of India's deputy chairman Roshni Sen said after hosting the inaugural...

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Moneylife Digital Team 17 January 2011
Larsen & Toubro Ltd (L&T) reported a jump of 10.78% in net profit for the December quarter at Rs840.63 crore. The infrastructure major had a net profit of Rs758.82 crore in the October-December quarter last fiscal, L&T said in a filing to the Bombay Stock Exchange (BSE). Total income also...

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Moneylife Digital Team 17 January 2011
Private lender Axis Bank Ltd on Monday said its net profit jumped 35.88% to Rs891.36 crore for the quarter ended 31 December 2010. The Bank had a profit of Rs655.98 crore in the corresponding period of the 2009-10 fiscal, Axis Bank said in a filing to the Bombay Stock Exchange (BSE).

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Moneylife Digital Team 17 January 2011
Private sector lender IndusInd Bank Ltd today reported a 74.76% growth in its net profit for the quarter ended 31 December 2010 at Rs153.86 crore. The Bank had recorded a net profit of Rs88.04 crore in the corresponding quarter last fiscal, IndusInd Bank said in a filing to the Bombay Stock...

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Moneylife Digital Team 17 January 2011
DQ Entertainment (International) Ltd said it has signed a co-production agreement for the second series of the animation of Le Petit Nicolas with M6 Studios (France), a TV broadcaster and producer. The second season of Le Petit Nicolas (known as "Little Nick") comprises 52 episodes of 13...

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Moneylife Digital Team 17 January 2011
Daiwa launches asset management business in India; Fidelity MF launches India Children's Plan; Franklin Templeton MF floats Fixed Tenure Fund-Series XV; IDFC Mutual Fund launches Fixed Maturity Plan-Quarterly Series 62 Daiwa launches asset management business in India Daiwa Asset...

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These markets in diverse countries like the Philippines, Vietnam and Turkey are being sold as a chance to get in on the ground floor. But it’s important for investors to make distinctions between these markets Both emerging markets and the emerging marketing campaign, led by the famous BRIC...

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Moneylife Digital Team 17 January 2011
These funds invest a minimum in equities, but even this is enough to drag down the fund in a downslide Canara Robeco Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch a closed-ended Capital Protection Oriented Fund. It will be called...

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Moneylife Digital Team 17 January 2011
Mumbai: The government is likely to take a decision on the $9.6-billion Cairn-Vedanta deal in the next few weeks and that the decision would be taken on merits, reports PTI quoting a top government official. "There is absolutely no delay on the part of the government regarding the...

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