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Moneylife Digital Team 21 July 2010
Dhunseri Tea & Industries Ltd said it appointed KV Balan as its company secretary and compliance officer. Separately, the company also appointed R Mahadevan as the company secretary and compliance officer of its unit DI Marketing Ltd. On Wednesday, Dhunseri Tea shares ended flat at Rs164 on...

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Moneylife Digital Team 21 July 2010
Mumbai-based software company Rolta India Ltd said it signed a memorandum of understanding (MoU) with Central Board of Secondary Education (CBSE) for providing geospatial technology vocation course, for XI & XII standard students as the resource partner, No financials were disclosed. According...

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Moneylife Digital Team 21 July 2010
Zee Entertainment Enterprises Ltd said its first quarter net profit increased 64.3% to Rs150.1 crore on higher revenues. During the quarter to end-June, its total revenues rose 42.25 to Rs677 crore, the company said in a regulatory filing. On Wednesday, Zee Entertainment shares fell 1% to...

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Moneylife Digital Team 21 July 2010
Balrampur Chini Mills Ltd said the Board for Industrial and Financial Reconstruction (BIFR) has sanctioned the merger of Indo Gulf Industries Ltd’s sugar division with the company. Indo Gulf Industries will demerge its sugar division located in Uttar Pradesh before merging it with Balrampur...

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Moneylife Digital Team 21 July 2010
Tata Power Company Ltd said it issued 100 transferable, secured, redeemable, non-convertible debentures aggregating to Rs350 crore, carrying a coupon rate of 9.15% and with a tenor of 15 years, on private placement basis. The proceeds of this issue would be used largely to refinance the existing...

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Moneylife Digital Team 21 July 2010
While cotton is exempted from excise duty, MMF attracts 8% levy. The differential treatment is also visible further in the value chain Making out a strong case for tax parity between cotton and man-made fibre, the textile ministry will soon take the draft national fibre policy to the Cabinet,...

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Moneylife learns that the infamous “forged letter” in the sensational Pyramid Saimira case may be the handiwork of a manager of SEBI called J D’Souza. The case against Pyramid Saimira is taking another sensational turn. Moneylife learns from informed sources, that the “forged letter” may be the...

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Moneylife Digital Team 21 July 2010
The court also asked the Puducherry government to ask for and obtain an environment impact report from experts, since the project area spread over mangrove forests The Madras High Court (HC) has taken exception to Reliance Industries (RIL) going ahead with a gas pipeline related project in...

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Insurer-funded healthcare cost is more than individual-funded cost in India. A Preferred Provider Network might help to reverse this trend According to M Ramadoss, chairman & managing director of The New India Assurance Co Ltd, “Insurance companies have been witnessing inflated, fraudulent, and...

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Sanket Dhanorkar 21 July 2010
As deposit growth slackens, funding credit growth to remain a concern along with NPA coverage; NIMs to improve in rising interest rate scenario The last quarter of the financial year has been a trying one for many banks. They have had to deal with a multitude of regulatory requirements while...

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Ravi Samalad 21 July 2010
Trading volumes and turnover of equity exchange traded funds (ETFs) continue to be pathetic, in sharp contrast to the rash of ETFs that fund companies are launching Exchange traded funds (ETFs) are coming by the dozens to the market. After a spate of gold ETFs and even a specialised index ETF...

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Ravi Samalad 21 July 2010
Trading volumes and turnover of equity exchange traded funds (ETFs) continue to be pathetic, in sharp contrast to the rash of ETFs that fund companies are launching Exchange traded funds (ETFs) are coming by the dozens to the market. After a spate of gold ETFs and even a specialised index ETF...

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Ravi Samalad 21 July 2010
Trading volumes and turnover of equity exchange traded funds (ETFs) continue to be pathetic, in sharp contrast to the rash of ETFs that fund companies are launching Exchange traded funds (ETFs) are coming by the dozens to the market. After a spate of gold ETFs and even a specialised index ETF...

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Major public sector insurer admits that a few local offices have been delinquent, and a few TPAs have been slack in releasing insured amounts For a long time, hospitals and doctors have argued that when it comes to payment of the cost incurred on medical procedures, insurance companies don't...

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Moneylife Digital Team 20 July 2010
The advertising self-regulatory body, ASCI, has upheld complaints against Sri Bhagwathy Madom Fitness Massage Oil and Fat Free Tablet advertisements, after receiving a complaint from CERS The Advertising Standards Council of India (ASCI) has upheld a complaint from the Consumer Education and...

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Moneylife Digital Team 20 July 2010
Mumbai-based Internet software and services provider, Geodesic Ltd said it partnered with Zee Entertainment Enterprises Ltd (ZEEL), to launch real time and on-delivery entertainment applications for mobile and Internet enabled devices. No financial details were provided. ZEEL and Geodesic have...

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Moneylife Digital Team 20 July 2010
Edelweiss Capital Ltd said its subsidiaries — Edelweiss Securities Ltd and Edelweiss Investments & Finance Ltd — completed the acquisition of Anagram Capital Ltd. Consequently, Anagram Capital has become a subsidiary of the company, it said in a regulatory filing. On Tuesday, Edelweiss Capital...

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Moneylife Digital Team 20 July 2010
IT and BPO services provider, Patni Computer Systems Ltd said it appointed Apoorva Singh as its senior vice president and global head for infrastructure management services (IMS). Mr Singh will be spearheading the IMS vertical along with Patni’s customer interaction services (CIS) division...

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Moneylife Digital Team 20 July 2010
Chennai-based KCP Sugar and Industries Corp Ltd reported over two-fold jump in its full year net profit to Rs24.3 crore against the net profit of Rs11.7 crore a year ago. During the year to end-March, its total revenues increased to Rs332.1 crore from Rs279.6 crore a year ago, the company said...

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Moneylife Digital Team 20 July 2010
Ahmedabad-based Lincoln Pharmaceuticals Ltd (LPL) said it will invest Rs50 crore to set up a plant which would be in accordance to US Food & Drug Administration (FDA) guidelines. It has planned to achieve the top line of Rs200 crore with a bottom line Rs20 crore year with earning per share...

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