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Moneylife Digital Team 23 July 2010
Biotechnology company Biocon Ltd said its first quarter consolidated net profit increased 33% to Rs76.7 crore from Rs57.6 crore recorded in same quarter a year ago. Its total revenue also increased 33% to Rs672 crore from Rs505 crore last year. On a standalone basis, Biocon’s first...

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Moneylife Digital Team 23 July 2010
Jet Airways (India) Ltd said it registered a first quarter net profit of Rs3.5 crore compared to the net loss of Rs225.3 crore for the same quarter a year ago. During the quarter to end-June, the aviation company’s total revenues increased to Rs3,023.2 crore from Rs2,428.4 crore a year ago.

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Moneylife Digital Team 23 July 2010
State-run Hindustan Petroleum Corp Ltd (HPCL) registered a first quarter net loss of Rs1,884.3 crore against the net profit of Rs649.1 crore for the quarter ended 30 June 2009. During the June 2010 quarter, the company’s total revenues has increased to Rs29,466.8 crore from Rs24,637.9 crore...

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Moneylife Digital Team 23 July 2010
State-run Bharat Heavy Electricals Ltd (BHEL) reported a 43% jump in its first quarter net profit to Rs667.7 crore compared to Rs470.6 crore for the same quarter last year. During the quarter to end-June, BHEL's total revenues increased to Rs6,764.5 crore from Rs5,898.5 crore a year ago. The...

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Moneylife Digital Team 23 July 2010
New Delhi: Telecom regulator Telecom Regulatory Authority of India (TRAI) today said it would give recommendations on one-time charge for extra second generation (2G) spectrum held by operators and linking it with the third generation (3G) prices, in two-three weeks, reports PTI. TRAI had...

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Moneylife Digital Team 23 July 2010
New Delhi: The European Union (EU) today asked India to further open its economy for foreign investments even as the country has taken tentative steps towards liberalising foreign direct investments (FDI) in sensitive defence and multi-brand retail sectors. "We would like India to further...

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Moneylife Digital Team 23 July 2010
New Delhi: The Prime Minister's Economic Advisory Council (PMEAC) today pegged the farm sector growth rate at 4.5% for 2010-11 fiscal on the expectation of a strong rebound in foodgrains output on the back of a good monsoon, reports PTI. Agriculture and allied sectors grew by a mere 0.2% in...

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Moneylife Digital Team 22 July 2010
The number of AUM transfer requests jumped 45% from 83,233 requests in 2009 to 1,20,628 between January-March 2010 The growing cases of distributor change requests have leaped manifold after market regulator Securities and Exchange Board of India (SEBI) discontinued the requirement of...

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Moneylife Digital Team 22 July 2010
The number of AUM transfer requests jumped 45% from 83,233 requests in 2009 to 1,20,628 between January-March 2010 The growing cases of distributor change requests have leaped manifold after market regulator Securities and Exchange Board of India (SEBI) discontinued the requirement of...

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Amritha Pillay 22 July 2010
With two planned power plants in Chhattisgarh and Madhya Pradesh, DB Power is also looking at States like Maharashtra, Orissa and Rajasthan to set up more power plants. DB Power Ltd, which recently awarded contracts for its Chhattisgarh power plant, is also looking at Maharashtra, Orissa and...

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Moneylife Digital Team 22 July 2010
Pharmaceutical company Dr Reddy’s Laboratories Ltd said its first quarter net profit fell to Rs209.6 crore compared with Rs244.5 crore for the quarter ended 30 June 2009. During the period its total revenues has decreased to Rs1,701.8 crore from Rs1,822.4 crore, same quarter a year ago.

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Moneylife Digital Team 22 July 2010
United Breweries Ltd (UBL) reported a 114% higher first quarter net profit on 92% rise in operating profits and robust volume growth. During the quarter to end-June, the company said its net profit rose 114% to Rs76.1 crore. UBL said its volumes have grown 32% powered by a 36% growth in...

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Moneylife Digital Team 22 July 2010
Cement producer Birla Corporation Ltd said its first quarter net profit fell 23.9% to Rs Rs118.3 crore against Rs115.3 crore recorded in same quarter a year ago, despite a 20.5% increase in total revenues. In a regulatory filing the company said during the quarter its profitability was...

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Moneylife Digital Team 22 July 2010
IT solutions and services provider Omnitech InfoSolutions Ltd said its first quarter net profit rose 80% to Rs13.6 crore on robust revenues from domestic and Far East markets. During the quarter to end-June, Omnitech’s total revenues increased 75.35 to Rs74.56 crore from Rs42.5 crore, same...

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Moneylife Digital Team 22 July 2010
Tainwala Chemical And Plastic (I) Ltd said it appointed Dungarmal Tainwala as its compliance officer. On Thursday, Tainwala Chemical shares declined 1.2% to Rs16 on the Bombay Stock Exchange, while the Sensex closed 0.8% up at 18,113 points.

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Moneylife Digital Team 22 July 2010
Glenmark Pharmaceuticals Ltd said its subsidiary Glenmark Generics Ltd received an abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) for its norethindrone acetate tablets in 5mg. The company will start marketing and distribution of the product in...

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Pallabika Ganguly 22 July 2010
Developers have come down to terra firma after having jacked up rates to astronomical levels After the huge hike in property rates in Mumbai, developers are now offering discounts on properties, at least in the suburbs. Royal Palms, a property owned by Mumbai-based developer Royal Palms India...

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 Every day, my phone spews out text messages that promise me stocks that will reach for the skies, insurance products that give me usurious returns and freebies like gold coins. However, I am not biting             "Will you walk into my parlour, said the spider to the fly,            I have...

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Ravi Samalad 22 July 2010
The number of cheques released by AMCs to mutual fund distributors is dwindling as well as the number of active IFAs. The sweeping changes introduced by market regulator Securities and Exchange Board of India (SEBI) in the mutual fund industry are still showing their after-effects. According...

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Ravi Samalad 22 July 2010
The number of cheques released by AMCs to mutual fund distributors is dwindling as well as the number of active IFAs. The sweeping changes introduced by market regulator Securities and Exchange Board of India (SEBI) in the mutual fund industry are still showing their after-effects. According...

Read More

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