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Moneylife Digital Team 09 July 2010
Auto parts and equipment maker Steel Strips Wheels Ltd (SSWL) said it received an export order from the German car maker Audi. The awarded business has a potential of export worth over $38 million over five years period, SSWL said in a regulatory filing. The Chandigarh-based company said it...

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Moneylife Digital Team 09 July 2010
Kolkata-based McNally Bharat Engineering Co Ltd said it received orders, worth Rs33.77 crore, from NTPC Ltd for their Vindhyachal Super Thermal Power project. The scope of the work includes supply under pre-treatment plant package and inland transportation, insurance, erection, testing,...

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Moneylife Digital Team 09 July 2010
Mumbai-based Pratibha Industries Ltd said its joint venture with Lucknow-based Abhyudaya Housing and Construction Pvt Ltd, has won an annuity project from National Highways Authority of India (NHAI). The total revenues receivable from NHAI is Rs336.70 crore, the company said in a regulatory...

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Moneylife Digital Team 09 July 2010
Sharon Bio-Medicine Ltd said its formulation plant at Dehradun has been approved by UK-based Medicines and Health Care Product Regulatory Agency (MHRA). The company, located in Raigad, Maharashtra, expect the sales to start in near future to the UK and Europe, Sharon Bio-Medicine said in a...

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Moneylife Digital Team 09 July 2010
Telecom operator Uninor said it appointed Sigve Brekke as its managing director following resignation of Stein-Erik Vellan. Mr Brekke currently head Telenor’s Asia region and his appointment is subjected to regulatory and statutory approvals in India, the company said in a release. Stein-Erik...

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Pallabika Ganguly 09 July 2010
More Retail has received an overwhelming response from its two new hypermarkets in Delhi and Hyderabad. Is organised retail finally coming of age? More Retail, the retail chain of Aditya Birla Retail Ltd, has reported sales of Rs2.5 crore in the first five days since the inauguration of its...

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Munira Dongre 09 July 2010
These stocks are going up on the hope that high 3G auction prices will prevent players from continuing their cutthroat tariff wars and that the recent regulatory recommendations will be toned down Telecom stocks have been rising for the past few sessions and today they simply flared up. At...

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Munira Dongre 09 July 2010
These stocks are going up on the hope that high 3G auction prices will prevent players from continuing their cutthroat tariff wars and that the recent regulatory recommendations will be toned down Telecom stocks have been rising for the past few sessions and today they simply flared up. At...

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Moneylife Digital Team 08 July 2010
Total redemptions of all schemes stood at Rs1.19 lakh crore in June while equity funds witnessed Rs1,446 crore of net redemptions, despite the launch of six NFOs The inflow of Rs1,256 crore for equity funds in May 2010 was a fleeting affair. Equity funds have continued to witness outflows in...

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Moneylife Digital Team 08 July 2010
Total redemptions of all schemes stood at Rs1.19 lakh crore in June while equity funds witnessed Rs1,446 crore of net redemptions, despite the launch of six NFOs The inflow of Rs1,256 crore for equity funds in May 2010 was a fleeting affair. Equity funds have continued to witness outflows in...

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Moneylife Digital Team 08 July 2010
The rally would be laboured and likely to be aborted abruptly The market, which was down 1% on Wednesday, recovered all losses today on positive global sentiments. The Sensex shut at 17,651, up 180 points (1%) and the Nifty ended at 5,296, up 55 points (1%). The indices started the day with a...

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Moneylife Digital Team 08 July 2010
The capital market regulator’s move to cut exposure margins in equity derivatives is a revisit to the pre-crisis days of leveraging and speculation In a throwback to the pre-crisis period of 2007-08, when excessive leveraging and speculative activities were at their peak, market watchdog...

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Pallabika Ganguly 08 July 2010
More has received a stay order from the Andhra Pradesh High Court and Shoppers Stop has received the same from the Bombay High Court. Retailers plan to intensify their legal battle against the tax in coming months We had earlier reported that retailers were approaching various High Courts to...

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Moneylife Digital Team 08 July 2010
SEBI and the stock exchanges are expected to reach a consensus on allowing physical settlement in derivatives by the end of July Traders may soon be able to settle their derivates positions physically instead of cash as discussions between the stock exchanges and the regulators are in the...

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Moneylife Digital Team 08 July 2010
The state-owned exploration and production major decided to exit the bloc after its partner, Lakshmi N Mittal, walked out of the project. Oil and Natural Gas Corporation (ONGC) has been forced to exit a gas block in Trinidad and Tobago after its partner, Lakshmi N Mittal, walked out of the...

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Moneylife Digital Team 08 July 2010
Engineering and construction company Larsen & Toubro Ltd (L&T) said its unit L&T Infrastructure Finance Co Ltd (L&T Infra) received the status of ‘Infrastructure Finance Company’ from the Reserve Bank of India in the overall classification of Non-Banking Finance Company (NBFC). L&T Infra...

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Moneylife Digital Team 08 July 2010
KEC International Ltd, a power transmission company, said it won orders worth Rs610 crore in the transmission and cables space from overseas. In the transmission segment, the company has won total orders of Rs487 crore for turnkey transmission lines in the Georgia, South Africa, Philippines...

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Moneylife Digital Team 08 July 2010
Mumbai-based Veritas (India) Ltd reported a full year net profit of Rs6.31 crore  compared to net profit of Rs1.40 crore the previous year. During the period to end-March, the company’s total revenues increased to Rs220.2 crore from Rs77.1 crore. On a standalone basis, the company has posted...

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Moneylife Digital Team 08 July 2010
DQ Entertainment (International) Ltd (DQE) said it signed two broadcast agreements with Korea-based Education Broadcasting System (EBS) and Canada-based Tele-Quebec for its 3D animated TV series ‘The Jungle Book’. No financial details of the deal were provided. Under the terms of the...

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Moneylife Digital Team 08 July 2010
Wind turbine manufacturer Suzlon Energy Ltd said it won an order from Hindustan Petroleum Corp Ltd (HPCL) for a 25.5 MW capacity wind power project at Akal in the Jaisalmer district of Rajasthan. No financial details were disclosed. The project comprises 17 units of Suzlon’s S82-1.5 MW wind...

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