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Moneylife Digital Team 07 April 2011
As Moneylife has been pointing out, chasing Initial Public Offerings (IPOs) after they are listed is usually a losing proposition for investors Initial public offerings (IPOs) seem profitable only...

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N Madhavan 07 April 2011
A shareholder’s bitter experience with Hindusthan Development Corporation Ltd In December 2005, Vishwanath Poddar, a Kolkata-based investor, filed an application under the RTI (Right to Information) Act seeking a copy of the legal opinion, if obtained, and the decision taken on his request to...

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Demat may be a boon for traders, but for small investors it’s expensive Paperless trading and dematerialised trading are undoubtedly a boon for secondary market traders, because it ensures clean and efficient transfer and delivery of shares. However, in the 15 years since the National...

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SEBI is getting ready for several changes in top management While corporate India is quietly calling for a re-look at the independence of regulators, SEBI is getting ready for several changes in top management. The government has already started the process of finding new members. When Mr...

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Moneylife Digital Team 07 April 2011
The British company extended the deadline at its level and did not take a fresh mandate from shareholders, an indication that its previous stance was only to pressure the government into taking a decision on the transaction expeditiously New Delhi: A day after the government referred its $9.6...

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Moneylife Digital Team 07 April 2011
With a strong presence in engines, Greaves has bucked the downtrend in the capital goods sector We had written about Greaves Cotton (GCL) in Moneylife (issue dated 14 January 2010). At that point, we had recommended buying the stock at around Rs46. Currently, the stock is trading at around...

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Moneylife Digital Team 07 April 2011
Mr Chaudhuri joined SBI as a probationary officer in 1974. He became the deputy managing director (international banking) in April 2009 New Delhi: The government is believed to have cleared the name of Pratip Chaudhuri for appointment as State Bank of India (SBI) chairman, reports PTI.

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Moneylife Digital Team 07 April 2011
Natural gas will fuel vital sectors of India’s economy. And GSPL is well poised to tap into this sector We had written about Gujarat State Petronet Ltd (GSPL) in our ‘Cover Story’ (Moneylife, 19 November 2009). At that time, the stock was trading at around Rs79. (Currently, the stock price is...

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Moneylife Digital Team 07 April 2011
The decision followed differences in the Cabinet panel on whether London-listed mining group with no experience in oil should be given unconditional approval for buying a company that owns the nation's largest onland oil fields or after attaching reasonable conditions New Delhi: In a move...

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Moneylife Digital Team 07 April 2011
As many as 11.6 crore shares were allotted to the banks for Rs750.09 crore. The market value of these shares at Wednesday's closing price of Rs48.05 per share is Rs557.38 crore. This cashless transaction is part of the corporate debt restructuring agreed by the banks and the airline Mumbai:...

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Looking for the cheapest and best option to invest in gold? Raj Pradhan offers a guide In the previous piece, we have explained why gold is not an investment; it only moves with the dollar and rupee exchange rate and, most importantly, the negative real interest rate in the US. Most of...

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Moneylife Digital Team 07 April 2011
Bafna Spinning Mills & Exports (Rs2) Incorporated in February 1990, Bafna Spinning Mills & Exports produces cotton yarn mainly for exports. Its entire production is tied up with companies in the UK and Indonesia. The company’s shares plunged 68% to Rs1.69 a piece on 9 March 2011 from...

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Moneylife Digital Team 07 April 2011
Benchmarks in the US made multi-year highs on Wednesday while the Asian pack was mixed in early trade on Thursday The Indian market is likely to open sideways on mixed cues from Asia in early trade today on renewed concerns on the debt crisis in Europe while gains in the US markets overnight...

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Moneylife Digital Team 06 April 2011
As we said yesterday, the Sensex is struggling to hit 20,000 and the Nifty 6,000 Both the Sensex and the Nifty ended in the negative today. The Sensex opened slightly above yesterday's closing at 19,699 and the Nifty opened a touch below its previous close at 5,908. Within an hour of the...

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Moneylife Digital Team 06 April 2011
Stake sale part of debt restructuring plan approved in November, to reduce interest burden, stem losses Mumbai: Vijay Mallya's Kingfisher Airlines today announced that it has allotted 5.68% shares, valued at about Rs180 crore, to the State Bank of India (SBI) on a preferential basis under a...

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Moneylife Digital Team 06 April 2011
IDFC, today said it has lent Rs500-crore to Tata Teleservices (TTSL) as a long-term debt for carrying out its expansion plans Mumbai: Infrastructure finance company, IDFC, today said it has lent Rs500-crore to Tata Teleservices (TTSL) as a long-term debt for carrying out its expansion plans,...

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Moneylife Digital Team 06 April 2011
Company says it wants to inspect possible fault in ‘connecting rod bolt’ New Delhi: The country's largest carmaker Maruti Suzuki India today said it will recall 13,157 units of its three diesel driven models of Dzire, Swift and Ritz, due to a possible faulty engine part. "Maruti Suzuki...

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Moneylife Digital Team 06 April 2011
Vantec Corporation in Japan has selected Four Soft to automate the management of its warehousing facilities across multiple locations The IT company Four Soft announced today that Vantec Corporation in Japan has selected one of the company's IT solutions to automate the management of its...

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Moneylife Digital Team 06 April 2011
DQ Entertainment (International) Ltd has signed a co-production agreement with Method Animation for a new 3D HD series ‘Robin Hood-Mischief in Sherwood’ The global entertainment production and distribution company, DQ Entertainment (International) Ltd has signed a co-production agreement...

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Moneylife Digital Team 06 April 2011
Mumbai-based Supreme Infrastructure India has won four new contracts worth Rs389.15 crore Supreme Infrastructure India Ltd said that it has won four new contracts worth Rs389.15 crore. The first order is for construction of multistorey buildings complex named 'Oswal Green' in Chembur,...

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