INVESTOR INTEREST


ONGC (down 1%) posted a decline of 8% and 14% in sales and operating profit, weighed down by higher subsidy Gainers: HCL Technologies (up 11%) posted growth of 16% and 5% in sales and operating profit in the June quarter over the year-ago period. The company, as per its long-term strategy, will...

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Moneylife Digital Team 24 August 2010
Agrochemical major Punjab Chemicals and Crop Protection Ltd plans to make a foray into the contract manufacturing space by producing herbicides for two global companies. The company targets a business of Rs140 crore in next two years from this segment. Besides, the promoters of Punjab...

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Moneylife Digital Team 24 August 2010
Subex Ltd, a global provider of operations and business support systems, has announced that it has been selected by Worldstream Systems & Services to implement fraud management and revenue assistance solutions for the Econet Group. Subex's implementation will cover Econet's mobile services (GSM...

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Moneylife Digital Team 24 August 2010
DQE, an animation, gaming live action entertainment and distribution company, has announced that it has entered into a merchandising agreement with Off Road Ltd, a footwear manufacturer, to produce a collection based on the animation from DQE's series, 'The Jungle Book'. Under the terms of...

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Moneylife Digital Team 24 August 2010
Nissan Copper Ltd has informed the Bombay Stock Exchange (BSE) that the upcoming facility in Khanvel, Silvassa to manufacture copper tubes for air-conditioning, refrigeration and plumbing applications with the latest 'Cast and Roll Technology' will start trial partial production of its first...

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Moneylife Digital Team 24 August 2010
Mahindra & Mahindra (M&M) said today that it would use its purchase of South Korea's Ssangyong Motor to become a global player in the sports utility vehicle market. Pawan Goenka, president of M&M's automotive and farm sector, said the merger would help both companies expand in the global market.

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Moneylife Digital Team 24 August 2010
Standard Chartered launches preferred banking offering, ICICI Lombard launches student medical insurance, SBI Mutual Fund goes Live with Intellect GUB Standard Chartered launches preferred banking offering Standard Chartered said on Tuesday that it launched its Preferred Banking proposition...

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Moneylife Digital Team 24 August 2010
Singapore: Smart-phones will make up over half of Asian mobile phone sales by 2015, with 477 million units likely to be sold, reports PTI quoting an industry report. Consultancy Frost and Sullivan said smart-phones would account for 54% of the Asia-Pacific mobile market in five years, up...

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Ravi Samalad 24 August 2010
The regulator wants to make sure that fund houses are not distributing commissions from investors’ pockets Market watchdog Securities and Exchange Board of India (SEBI) has once again turned the heat on mutual fund distributors. The regulator has sought details of commissions paid out to...

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Ravi Samalad 24 August 2010
The regulator wants to make sure that fund houses are not distributing commissions from investors’ pockets Market watchdog Securities and Exchange Board of India (SEBI) has once again turned the heat on mutual fund distributors. The regulator has sought details of commissions paid out to...

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S Rodrigues 24 August 2010
The IFA (Independent/Individual Financial Advisor) is on life support — suspected dead — and the prime suspect is the Securities and Exchange Board of India (SEBI). The acronym is alternatively called in a parallel world, the Systematic Elimination of Brokers and Intermediaries Now the...

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S Rodrigues 24 August 2010
The IFA (Independent/Individual Financial Advisor) is on life support — suspected dead — and the prime suspect is the Securities and Exchange Board of India (SEBI). The acronym is alternatively called in a parallel world, the Systematic Elimination of Brokers and Intermediaries Now the...

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Moneylife Digital Team 24 August 2010
New Delhi: In a big blow to Vedanta Resources, the government today rejected environment clearance to its $1.7 billion bauxite mining project in Orissa after accepting recommendations of its key panel clearing such ventures, reports PTI. Giving reasons for the denial of clearance, environment...

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R Balakrishnan on saving  and   investing prudently 23 August 2010
It is the distributor who expands the market, as was proved again when a foreign bank raised Rs1,000 crore for its PMS when MFs are losing assets There is a lot of discussion over the fact that mutual funds are not able to increase their assets under management. The reason for this is simple....

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Moneylife Digital Team 23 August 2010
New Delhi: Indian GSM operators added 11.52 million new subscribers in July, taking the total base to 468.11 million, reports PTI. According to data released by Cellular Operators Association of India (COAI), the subscriber base of four metros - Delhi, Mumbai, Chennai and Kolkata - stood at...

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Moneylife Digital Team 23 August 2010
New Delhi: State-owned Oil & Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Gas Authority of India Ltd (GAIL) may make a joint bid to counter Vedanta Resources' $8.48 billion offer for majority stake in Cairn India, and have already got $10 billion in loan commitments from international...

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Ravi Samalad 23 August 2010
AMFI committee has asked fund houses to implement KYC norms for all investments below Rs50,000 who invest via channel distributors from 1st October. The Association of Mutual Funds in India (AMFI) committee on know your customer (KYC) has asked mutual fund houses to initiate KYC procedure for...

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Moneylife Digital Team 23 August 2010
Astec Lifesciences Ltd, a producer of agrochemicals and pharmaceutical intermediates, has acquired 10 acres of land in Maharashtra Industrial Development Corporation (MIDC) at Mahad to set up additional manufacturing facilities. This site is located a few kilometres from the company's...

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Moneylife Digital Team 23 August 2010
Beckons Industries Ltd said it is undertaking measurement, monitor and validation (MMV) process in Goa and has produced 125 times more algae with its newly developed photo bio reactor (PBR) than the existing PBR's developed across the globe. BIL said it completed the validation of scientific...

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Moneylife Digital Team 23 August 2010
Engineering, construction and procurement (EPC) company, Jaihind Projects Ltd, said its net profit for the June 2010 quarter rose 22.5% to Rs6 crore from Rs4.9 crore in the same quarter last year. In the June 2010 quarter, its total revenues increased to Rs72.4 crore from Rs64.3 crore....

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