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Moneylife Digital Team 21 October 2010
Commercial and residential property developer, Mahindra Lifespace Developers Ltd (MLDL), said its net profit for the second quarter ended 30 September 2010 increased to Rs24.7 crore, a rise of 42%, from Rs17.3 crore. Net sales stood at Rs89 crore, an increase of 40%, against Rs63.5 crore for...

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Moneylife Digital Team 21 October 2010
Kotak Mahindra Bank Ltd said it has registered consolidated net profit of Rs364.1 crore for the quarter ended 30 September 2010 against Rs299.8 crore for the corresponding quarter of 2009. Interest earned was Rs1,449.3 crore compared with Rs1,106 crore for the quarter ended September 2009....

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Moneylife Digital Team 21 October 2010
Automobile manufacturer Ashok Leyland Ltd said its net profit for the second quarter ended September 2010 stood at Rs167.1 crore as against Rs88.6 crore in the same quarter last year. Net sales rose 72% to Rs2,714 crore from Rs1,577.7 crore, said the company in a statement. The company's...

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Moneylife Digital Team 21 October 2010
State-owned Canara Bank Ltd reported a 10% rise in net profit at Rs1,007.8 crore for the second quarter ended 30 September 2010. The Bank had a net profit of Rs910.5 crore in the same quarter of the last fiscal, Canara Bank said in a filing to the Bombay Stock Exchange (BSE). The lender...

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Moneylife Digital Team 21 October 2010
Religare MF floats Religare Fixed Maturity Plan-Series III-Plan F, HDFC Mutual Fund launches HDFC FMP 100D October 2010 (2), SBI Mutual Fund launches SBI Debt Fund Series-370 Days- 7, Samriddhi offer launched for festive season, BSNL announces new schemes for festival season Religare MF floats...

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R Balakrishnan on saving  and   investing prudently 21 October 2010
Investing through mutual funds is still the best bet; but you need to choose schemes carefully and stay invested for the long term I have met quite a few investors over the past couple of weeks. While the market is running away towards an all-time high, there is a lot of discomfort among...

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Moneylife Digital Team 21 October 2010
New Delhi: The Coal India Ltd (CIL) initial public offer (IPO) has attracted a whopping inflow of about Rs1.20 lakh crore from foreign institutional investors (FIIs), more than the record Rs1.08 lakh crore (about $24 billion) they have invested in the Indian stocks so far this year, reports PTI.

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Moneylife Digital Team 21 October 2010
New Delhi: State-owned exploration and production (E&P) major Oil and Natural Gas Corporation (ONGC) today wrote to Cairn Energy Plc insisting that the UK-based firm will need its explicit nod before it can sell its India unit to Vedanta Resources Plc, reports PTI. ONGC, which partners Cairn...

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Moneylife Digital Team 21 October 2010
Shimla: Agriculture Produce Market Committees (APMCs) and State Agricultural Marketing Boards (SAMBs) have been included in the list of institutions eligible for income tax exemption (I-T) under the proposed Direct Taxes Code (DTC) Bill, reports PTI quoting an official spokesman of the state...

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Moneylife Digital Team 21 October 2010
Ahmedabad: Gujarat, the state which pioneered the concept of the Special Investment Region (SIR), will establish 12 new industrial hubs in the next 5-6 years and expects the private sector to play a leading role in facilitating the process, reports PTI. "We have 12 more such projects in the...

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Moneylife Digital Team 21 October 2010
The Indian market is likely to open on a positive note taking cues from the global arena. Wall Street erased most of the losses accrued on Tuesday supported by good earnings reports and a weak dollar. The Asian pack was trading with modest gains in early trade on optimism in the US markets. The...

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Moneylife Digital Team 20 October 2010
Ask a question about how much the Indian market is dependent on FII investment and fund managers will flood you with myths and wishful thinking Indian markets almost hit their all-time high in October, primarily led by the copious inflows from foreign institutional investors (FIIs). FII...

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Moneylife Digital Team 20 October 2010
New Delhi: LIC Pension Fund, an arm of the country's largest insurer Life Insurance Corporation of India (LIC), has approached interim regulator Pension Fund Regulatory and Development Authority (PFRDA) seeking permission to invest in initial public offers (IPOs), which will help it take part in...

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Moneylife Digital Team 20 October 2010
New Delhi: The prime minister's economic advisory panel has said that diesel prices should be freed from government control "as early as possible", a suggestion if accepted will lead to a price hike of Rs2.87 per litre, reports PTI. "I think the sooner it (deregulation of diesel prices) is done...

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Moneylife Digital Team 20 October 2010
Realty company Godrej Properties Ltd has clocked net profit of Rs32.9 crore in the second quarter ended 30th September, down from Rs44.7 crore posted in the year-ago period. Total revenues declined to Rs83.7 crore in the second quarter financial year 2010-11 from Rs98.9 crore in the...

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Moneylife Digital Team 20 October 2010
Financial services firm Religare Enterprises Ltd today reported a consolidated net loss of Rs24.2 crore in the second quarter of the current fiscal, mainly on account of investments in its subsidiaries. The company had a net profit of Rs29.7 crore during the July-September quarter of the last...

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Moneylife Digital Team 20 October 2010
Wind turbines major Suzlon Energy Ltd said it has awarded a five-year contract to global IT company IBM for an undisclosed amount. IBM will provide business consulting services to Suzlon and manage its application development and maintenance requirements. The partnership is expected to help...

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Moneylife Digital Team 20 October 2010
IT firm HCL Technologies Ltd, today reported a 3.1% growth in consolidated net profit at Rs331.1 crore for its first quarter ending 30 September 2010, despite rising wage bill. The company said there was growth in all business verticals, and it also narrowed forex losses during first quarter...

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Moneylife Digital Team 20 October 2010
IndusInd Bank Ltd said it has signed a memorandum of understanding (MoU) with National Collateral Management Services Ltd for collateral management and warehousing services. No financial details were provided. NCMSL has been providing collateral management services to banks. These services...

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Moneylife Digital Team 20 October 2010
Everonn Education Ltd said its subsidiary Everonn Skill Development Ltd has signed a memorandum of understanding (MoU) with Future Human Development Ltd (FHDL) to jointly deliver retail programs across the country. FHDL is the HR arm of retail brand the Future Group.   The training programs, to...

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