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Moneylife Digital Team 02 May 2011
The country’s second largest two-wheeler maker Bajaj Auto reported a 16.71% jump in its motorcycle sales for April to 3,22,235 units The country's second largest two-wheeler maker Bajaj Auto reported a 16.71% jump in its motorcycle sales for April to 3,22,235 units. The company sold 2,76,095...

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Under the system introduced eight years ago to protect investors, investors still bear the risk of non-payment and non-delivery of shares due to inefficiency of stock exchanges and intermediaries. It is time SEBI penalises those who have benefited from this and compensate investors who have...

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Moneylife Digital Team 02 May 2011
Since the striking pilots did not obey the HC directive asking them to resume work by Friday, the Air India management moved the court again, seeking action for contempt Mumbai: The strike of Air India (AI) pilots entered the 6th day today, with the national carrier having to cancel 90% of...

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Moneylife Digital Team 02 May 2011
Nervousness ahead of the RBI credit policy tomorrow will keep investors on their guard The Indian market is expected to open in the positive terrain on support from its global peers. But nervousness will prevail ahead of the Reserve Bank of India’s monetary policy due on Tuesday. Wall Street...

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Moneylife Digital Team 01 May 2011
The decision of the board of India's second largest software company is based on the recommendations of the nominations committee, chaired by Jeffrey S Lehman, a former president of Cornell University and an independent director at Infosys Bangalore: Unveiling a whole new leadership...

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The SARFARESI Act does not fulfill the purpose of registration of security interests. For, the Central Registry does not guarantee reliability. Therefore, the law as it stands is a futile and very costly exercise After nine years in hibernation, the provisions of the SARFAESI Act pertaining to...

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Moneylife Digital Team 30 April 2011
The Nifty has to breach the 5,800 mark for an upmove The market closed the week with a loss of 2%, in contrast to the gains in the previous week. Overall for April, the Sensex was down 2% and the Nifty 1% compared to gains of 9% in March. A revival of inflation and concerns over lower revenue...

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Moneylife Digital Team 30 April 2011
SEBI had introduced the ASBA facility for public offers first in September 2008, when retail investors were allowed to use it. The facility eliminates any delays related to refunds for the unallotted shares Mumbai: All non-retail investors will have to use the Application Supported by Blocked...

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Moneylife Digital Team 30 April 2011
The AI management ordered the pilots to report for duty failing which it said the airline "is at liberty to take any action as deemed fit including termination of services" New Delhi: Air India (AI) today further reduced its operations to 39 domestic flights out of its regular 320 as the...

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Moneylife Digital Team 29 April 2011
April outflows could be around Rs1,500 crore, estimates a fund industry CEO For three months in a row, equity funds have recorded net inflows after many months of continuous outflows. After inflows of around Rs800 crore-Rs900 crore in December 2010 and January 2011, in February 2011 inflows...

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Moneylife Digital Team 29 April 2011
While a bounce-back is on the cards, expect a further decline unless Nifty holds above 5,800 Yesterday we had said that the market is now in a downward trend and that immediate support for Nifty was at 5,750 and further down, at 5,700. The market broke its first support in early...

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Moneylife Digital Team 29 April 2011
The state-owned airline has incurred an approximate loss of Rs26.5 crore in the past three days due to the pilots’ strike which forced it to cancel at least 280 flights New Delhi: The Delhi High Court today decided to initiate contempt proceedings against striking Air India (AI) pilots...

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Moneylife Digital Team 29 April 2011
Hero Honda said the amount is in line with its existing rate of royalty payment, which is about 2.7% to 2.8% of net sales. For the existing products, the Indian group will stop paying royalty by June 2014 New Delhi: India's largest two wheeler-maker Hero Honda will pay Honda 45 billion yen...

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Moneylife Digital Team 29 April 2011
Indian Foundation of Transport Research and Training has demanded freeing of the third party motor insurance premium rates to make claims fair Indian Foundation of Transport Research and Training (IFTRT) has demanded freeing of the third party motor insurance premium rates to make claims...

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Moneylife Digital Team 29 April 2011
SBI Life Insurance reported a 33% growth in net profit at Rs366 crore for the financial year ended March 2011 on the back of increase in renewal premium income Leading private sector insurer SBI Life Insurance reported a 33% growth in net profit at Rs366 crore for the financial year ended...

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Moneylife Digital Team 29 April 2011
Tata AIG’s premium collection gained 34.64 % to Rs116.88 crore in March 2011, from Rs86.81 crore in March 2010 Tata AIG's premium collection gained 34.64 % to Rs116.88 crore in March 2011, from Rs86.81 crore in March 2010. The premium collection of Tata AIG increased to Rs108.79 crore in...

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Moneylife Digital Team 29 April 2011
The government wants bridges, channels and land, which are owned by major port trusts, to be insured mandatory After the colossal earthquake and a following tsunami in Japan, the Indian government is working on rules that will make it mandatory for at least 13 major ports to have insurance.

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Moneylife Digital Team 29 April 2011
Kotak Mahindra Mutual Fund new issue closes on 2nd May Kotak Mahindra Mutual Fund has launched Kotak FMP Series 45 (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 29 April 2011
“This quantity of 19.63 lakh tonnes is sufficient to meet the internal demand of sugar for the month of May,” a food ministry statement said, adding that mills need to sell the entire quantity by 31st May New Delhi: The government today allocated 19.63 lakh tonnes of sugar for sale in the open...

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Moneylife Digital Team 29 April 2011
JSW Energy reported a 25% fall in net profit at Rs205.79 crore in the fourth quarter ended 31 March 2011 due to contraction in margins on account of increase in fuel prices Private power utility JSW Energy said it has posted a 25% fall in net profit at Rs205.79 crore in the fourth quarter ended...

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