INVESTOR INTEREST


Moneylife Digital Team 15 March 2011
Concerns about the pace of the economic growth following the quake in Japan rattled investors worldwide The local market is likely to witness a sharply lower opening on the back of a massive decline all across Asia on Tuesday morning. US markets closed in the red overnight on concerns...

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Moneylife Digital Team 14 March 2011
Despite the rally today, it is not clear which way the market will move The Indian market opened flat, tracking the weak Asian markets in the aftermath of the huge earthquake that struck the north-eastern region of Japan on Friday. Concerns over the Reserve Bank of India's (RBI) move on...

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Moneylife Digital Team 14 March 2011
The Budget proposal to impose a 5% service tax on healthcare services evoked sharp reaction from the medical community which described the tax as "misery tax". Finance minister Pranab Mukherjee today said that he would respond to the representations on tax issues next week New Delhi: Amid...

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Moneylife Digital Team 14 March 2011
SEBI website describes open offer application "under process", after inadvertently stating earlier in the day that it was cleared New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has clarified that it has not yet cleared the Vedanta group's open offer for Cairn India...

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Moneylife Digital Team 14 March 2011
In December 2010, the Sajjan Jindal-led JSW Steel had entered into a Rs2,157 crore deal to acquire a 41.29% stake in Ispat Industries through preferential issue of fresh shares at a price of Rs19.85 apiece New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has cleared...

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Moneylife Digital Team 14 March 2011
Steel Authority of India has started the process of developing Chiria reserves in Jharkhand and has also appointed a global consultant to prepare detailed project execution report The government said state-owned Steel Authority of India Ltd (SAIL) has started the process of developing Chiria...

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Moneylife Digital Team 14 March 2011
PFC will provide a fixed rate of interest up to 8.5% on annual or cumulative basis on infrastructure bonds Public sector undertaking, Power Finance Corporation Ltd (PFC) plans to raise Rs5,300 crore from infrastructure bonds that opened on 24th February, a senior PFC official said. "We...

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Moneylife Digital Team 14 March 2011
TPG and Shriram Group have acquired the wholesale, franchise undertaking and retail undertaking of Vishal Retail TPG Wholesale Pvt Ltd has acquired the wholesale and franchise undertaking of Vishal Retail while Airplaza Retail Holdings Pvt Ltd, a part of the Shriram Group, has acquired the...

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Moneylife Digital Team 14 March 2011
After seeking numerous clarifications on the deal from the acquirer over the past seven months, SEBI has issued its final observations on the mandatory open offer to be made to the public shareholders as part of the deal New Delhi: Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 14 March 2011
SBI Mutual Fund has announced the dividend as Rs4 per unit SBI Magnum Tax Gain Scheme has announced dividend for 2011. The record date for the dividend is 18 March 2011. SBI Mutual Fund has announced the dividend as Rs4 per unit. SBI Magnum Tax Gain scheme provides tax benefit under...

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Moneylife Digital Team 14 March 2011
Taurus Mutual Fund new issue closes on 17th March Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series D (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 14 March 2011
Kotak Mahindra Mutual Fund new issue closes on 16th March Kotak Mahindra Mutual Fund has launched Kotak FMP Series 40 (370 Days), a close-ended income scheme. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to...

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Moneylife Digital Team 14 March 2011
IDFC Mutual Fund new issue closes on 16th March IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Monthly Series 29, a close-ended income scheme. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on...

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Moneylife Digital Team 14 March 2011
Birla Sun Life Mutual Fund new issue closes on 15th March Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 12, a close-ended income scheme. The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the...

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Moneylife Digital Team 14 March 2011
Birla Sun Life Mutual Fund new issue closes on 22nd March Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series CV, a close-ended income scheme. The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the...

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Moneylife Digital Team 14 March 2011
Axis Mutual Fund new issue closes on 22nd March Axis Mutual Fund has launched Axis Fixed Term Plan-Series 13 (370 days), a close-ended income scheme. The plan of the scheme will endeavour to generate returns through a portfolio of debt and money market instruments that are maturing on or...

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Moneylife Digital Team 14 March 2011
SEBI has also flagged the need for concerted efforts and better coordination both at the operational as well as the surveillance level between various regulators to protect the interests of investors in this increasingly complex world of financial products Mumbai: If the Securities and...

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Moneylife Digital Team 14 March 2011
According to analysts, there could be some demand disruptions due to the Japanese earthquake in the short-term, but the lost nuclear power capacity is expected to boost imports in the near-term Singapore: Oil fell in Asian trade today on concerns demand from quake-hit Japan would be affected,...

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Moneylife Digital Team 14 March 2011
The transaction pegs the total valuation of Reliance Life Insurance at approximately Rs11,500 crore, or $2.6 billion. Reliance Life is the largest among the 22 private life insurers in India having sold over 7 million policies so far New Delhi: Japanese insurance firm Nippon Life Insurance...

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Chinese small- to medium-size private companies that contribute nearly two-third of the GDP, are being starved of capital, which is monopolised by large state-run enterprises. If these businesses close down, can the Chinese economy remain unaffected? According to the Anglo-American...

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