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Moneylife Digital Team 13 May 2011
The profit-after-tax of Future Capital for the financial year ended 31 March 2011, stood at Rs47.55 crore, a 175% jump vis-a-vis the year-ago period Kishore Biyani-led Future Capital Holdings has reported a 26% decline in consolidated profit after tax to Rs44.15 crore for the year ended 31...

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Moneylife Digital Team 13 May 2011
For the quarter ended 31 March 2011, Kale has recorded consolidated revenues of Rs48.58 crore compared to Rs46.42 crore for the corresponding quarter of the previous year Kale Consultants, the leading solutions provider to the airline and travel industry, has recorded consolidated revenues for...

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Moneylife Digital Team 13 May 2011
Nakoda saw an increase in revenue by a whopping 53.92% to Rs450.88 crore for the March 2011 quarter Nakoda, one of the largest manufacturers of the fully drawn yarn, reported a robust growth in revenue and profits for the quarter ended 31 March 2011. The company saw an increase in revenue by a...

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Moneylife Digital Team 13 May 2011
Gold is hovering around its highs, so fund managers now are exhibiting their herd mentality.  When gold futures are under pressure, is this the right time to buy a gold fund? After the Reliance, Kotak and Quantum gold savings funds, Religare, SBI and HDFC have also launched an identical...

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Moneylife Digital Team 13 May 2011
The market is trying to shrug off the downtrend, but it could be a short-term rally that tops out at 5,620-5,700 The election verdict from the four states and one Union Territory seemed to have a positive effect on the bourses today, as after lying low for four days, the market was in...

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Moneylife Digital Team 13 May 2011
The telecom ministry has issued a show-cause notice to Idea Cellular for the Karnataka circle and Spice for the Andhra Pradesh circle for cancellation of licences on account of a delay in network roll-out obligations New Delhi: The telecom ministry has issued a show-cause notice to Idea...

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Moneylife Digital Team 13 May 2011
Edelweiss Tokio Life plans to commence sales later this year Edelweiss Tokio Life Insurance, a joint venture between the Edelweiss Group, India’s leading diversified financial services conglomerate and Tokio Marine, one of the world’s leading Insurance group headquartered in Japan; has been...

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Moneylife Digital Team 13 May 2011
The latest ISMA figure is lower than the government’s estimate of sugar production in 2010-11 at 245 lakh tonnes New Delhi: The Indian Sugar Mills Association (ISMA) today slashed the total sugar production estimate for the ongoing 2010-11 sugar year by 8 lakh tonnes to 242 lakh tonnes, reports...

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Moneylife Digital Team 13 May 2011
HDFC Bank last raised its base rate by 0.5% to 8.70% on 13th March In line with the industry trend, HDFC Bank has decided to hike lending rates by 0.55% and deposits rates by up to 1.25%. Base rate or the minimum lending rate would go up by 0.55% to 9.25%, sources said. Even, the...

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Moneylife Digital Team 13 May 2011
Innoventive Industries made a weak debut on the bourses today, opening nearly 6% lower on the BSE vis-a-vis its issue price of Rs117 per share Multi-product engineering company Innoventive Industries made a weak debut on the bourses today, opening nearly 6% lower on the Bombay Stock Exchange...

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Moneylife Digital Team 13 May 2011
Uninor has launched a health application named ‘Wellness World’ in association with value-added services provider Handygo for its customers across the nation Telecom company Uninor has launched a health application named 'Wellness World' in association with value-added services provider...

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Moneylife Digital Team 13 May 2011
The court also ordered two separate detailed studies on the adverse effects of endosulfan on human life and environment by two committees and sought their reports within eight weeks New Delhi: The Supreme Court today banned the production, sale and use of controversial pesticide endosulfan in...

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Moneylife Digital Team 13 May 2011
While these clarifications sought by FIIs are being addressed by SEBI, it has been decided to defer the implementation of the new reporting format, the regulator said in a notification. The new reporting format will now come into effect from July against the earlier prescribed reporting month of...

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Moneylife Digital Team 13 May 2011
While these clarifications sought by FIIs are being addressed by SEBI, it has been decided to defer the implementation of the new reporting format, the regulator said in a notification. The new reporting format will now come into effect from July against the earlier prescribed reporting month of...

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Moneylife Digital Team 13 May 2011
The finance ministry on Thursday issued a letter giving Rs11,027 crore in cash compensation to IOC, Rs 4,595 crore to BPCL and Rs 4,379 crore to HPCL. The cash subsidy payout is more than half of the over Rs78,000 crore that the three firms lost on selling auto and cooking fuel below their...

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Moneylife Digital Team 13 May 2011
According to SKS, the microfinance sector falls under the central list and is not a state subject on which the Andhra Pradesh government could pass any act. It further submitted that the state can regulate only the money lending sector and not NBFCs, which are registered by the RBI New Delhi:...

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Moneylife Digital Team 13 May 2011
Macro-economic indicators reveal a slowdown in growth, going forward The local market is likely to open range-bound following weak industrial output numbers which were announced on Thursday. Besides, elections results from four states and one Union Territory set to be announced today, will...

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Moneylife Digital Team 12 May 2011
As expected, another downleg of the ongoing decline has started. The support has shifted down to 5,400 on the Nifty The market opened lower, tracking the weak Asian markets in early trade and concerns about the industrial output data for March and weekly food inflation numbers, which...

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Moneylife Digital Team 12 May 2011
The ETFs that focus on energy, metals and FMCG are the first of their kind. But investing in these funds may not give the returns one hopes for. Because, while the idea of focusing on a sector is good, picking the right sector is easier said than done Axis Mutual Fund is all set to enter the...

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Moneylife Digital Team 12 May 2011
Both iGATE and Patni would continue to exist as separate listed entities and would work together on an integration exercise with the advice of professional consultants and advisors, iGATE said in a statement Bangalore: iGATE today announced the successful completion of the Patni acquisition...

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