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Moneylife Digital Team 03 December 2010
The gains are likely to continue in the Indian market following positive signals from across the globe. Wall Street settled higher overnight as firm economic data increased risk appetite. Markets in the Asian region were trading in the green on speculations that consumer spending in the US will...

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Moneylife Digital Team 02 December 2010
New Delhi: The government has approved a 10% hike in price of natural gas that state-owned firms like Oil and Natural Gas Corporation (ONGC) sell to consumers in non-priority sectors such as steel and petrochemicals, reports PTI. "Effective 1st December, ONGC and Oil India Ltd (OIL) have been...

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Moneylife Digital Team 02 December 2010
The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) today reported 19% jump in motorcycle sales at 2,65,036 units in November. The company had sold 2,42,390 units in November last year, BAL said in a statement. In October this year, the company had reported its highest ever...

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Moneylife Digital Team 02 December 2010
Kolkata-based Dhunseri Petrochem and Tea Ltd said it has acquired the tea factory of Primax Tea Pvt Ltd. No financial details were provided. "The company has purchased and taken possession of the tea factory of Primax Tea Pvt Ltd as per the agreement executed with them," the company said in a...

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Moneylife Digital Team 02 December 2010
Godrej Properties Ltd (GPL), a real-estate arm of Godrej Group, today it would develop a residential housing project at Mohali in Punjab, which could involve a capital outlay of Rs450 crore. Besides, the company would also focus on several cities, including NCR, Mumbai, Bengaluru, Pune,...

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Moneylife Digital Team 02 December 2010
Engineering and construction company Larsen & Toubro (L&T) Ltd said it has won two orders worth Rs 415 crore from Hindalco Industries Ltd and Sepco-1 for construction of thermal power plant. The first order worth Rs253 crore has been secured from Hindalco for carrying out steel works for the...

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Moneylife Digital Team 02 December 2010
Kotak Mahindra MF revamps its flagship fund to 'Kotak 50'; ICICI Lombard to provide crop insurance; Bajaj Allianz launches Ability Insurance for specially-abled Kotak Mahindra MF revamps its flagship fund to 'Kotak 50' Kotak Mahindra Asset Management Company has revised the investment objective...

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Moneylife Digital Team 02 December 2010
New Delhi: The Supreme Court (SC) today came down heavily on former telecom minister A Raja for “bypassing” and even “overruling” prime minister Manmohan Singh’s advice to defer the allocation of the second generation (2G) spectrum by a few days, reports PTI. The apex court also took strong...

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Moneylife Digital Team 02 December 2010
Supportive cues from across the globe helped the key indices scale crucial levels in early trade. However, a minor sell-off in the mid-morning session resulted in the market staying range-bound for the rest of the session, although it ended modestly higher, in the green for the fourth day in a...

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Moneylife Digital Team 02 December 2010
Whirlpool of India, a subsidiary of US-based home appliance maker Whirlpool, has expanded its range to grow at a faster pace If India is a story of rising prosperity of the middle class, Indian consumer product companies and manufacturers of durables ought to be doing very well. Consumer...

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Moneylife Digital Team 02 December 2010
Igarashi Motors is a specialist in DC motors for more than 60 years. The Japanese company has done pioneering work in product development along with improvement and testing for creating new manufacturing technologies. The company’s design/development/technical departments in Japan, China and...

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Moneylife Digital Team 02 December 2010
Menon Bearings, which manufactures a wide range of critical auto components for some of the biggest names in the auto business, is seeing good growth Menon Bearings Ltd (MBL) is another auto components company that is available at a reasonable valuation. The company has its facilities at...

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Moneylife Digital Team 02 December 2010
New Delhi: Commodity markets regulator, Forward Markets Commission (FMC), has for the second time extended the deadline till 31st December for exchanges to disband sub-brokers, reports PTI. A sub-broker is not a member of any commodity bourse but acts on behalf of a member broker as an...

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Moneylife Digital Team 02 December 2010
Sector funds, in general, are a risky proposition. They come to you well after a sector is already hot, and often mix stocks of different sectors freely The theoretical premise behind sector funds is attractive. Most of the time, being in the right sector is more important than picking the...

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Moneylife Digital Team 02 December 2010
Global cues point out to a positive opening for the Indian market today. The US markets closed with splendid gains overnight on good economic data from within the country and from across the world. Markets in Asia were trading higher as positive economic news from the US, a sign that the...

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Moneylife Digital Team 01 December 2010
New Delhi: The government today approved a share split in and issue of bonus shares by ONGC, the country's biggest oil and gas producer, as a prelude to the company's follow-on public offer (FPO) in March 2011, reports PTI. According to sources, the Cabinet Committee on Economic Affairs (CCEA)...

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Moneylife Digital Team 01 December 2010
The market opened firm despite tepid cues from across the globe. Early gains were supported by metal and auto sectors. Manufacturing output for November, as measured by the HSBC Markit Purchase Managers' Index (PMI), which witnessed its fastest growth in six months, also supported the gains. The...

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Moneylife Digital Team 01 December 2010
New Delhi:  Private sector lenders ICICI Bank and HDFC Ltd today discontinued with teaser home loans -- under which customers get credit at concessional rates for the first few years -- in a move that reflects RBI's concern on such loans. It could not be ascertained whether state-run SBI, which...

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Moneylife Digital Team 01 December 2010
Hughes Communications India Ltd, a provider of broadband satellite and managed network services, has won two contracts. The company has won the first contract from Allahabad Bank worth Rs40 crore. Hughes will provide broadband services connecting 1,400 locations with satellite terminals and...

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Moneylife Digital Team 01 December 2010
Two-wheeler maker India Yamaha Motor reported 23.2% increase in its total sales in November at 30,310 units. The company had sold 24,600 units in the same month last year, India Yamaha Motor said in a statement. In the domestic market, the company's sales stood at 22,710 units, as against...

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