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Moneylife Digital Team 20 July 2010
Mahindra Satyam Ltd, the new brand identity of Satyam Computer Services Ltd, said it appointed Roger Van Lier, as its business development executive in the Benelux. He will be responsible for driving customer relationships in the manufacturing sector, it said in a regulatory filing. On Tuesday,...

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Moneylife Digital Team 20 July 2010
The oil ministry on 12th July had asked RIL to make a "pro-rata" cut in gas supplies to all existing customers if the production from its KG-D6 fields cannot support new customers like Essar Oil\'s Vadinar refinery Upping its ante against the oil ministry, Reliance Industries (RIL) has refused...

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Pallabika Ganguly 20 July 2010
Residents in Mumbai don’t seem too keen on staying in high-rise towers. In a space-starved city, the only way to go is upwards, but a number of bottlenecks remain There are around 102 under-construction projects beyond 30 storeys being developed across India. Among the tall towers, most of...

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Moneylife Digital Team 20 July 2010
The company has been forced to take the decision in view of capacity constraints India's largest automaker Maruti Suzuki will limit exports to the same level as last year due to capacity constraints, reports PTI "We are not competing in exports (with other carmakers)... We are short of...

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Munira Dongre 20 July 2010
Unknown Cals Refineries is attracting millions of trades but no scrutiny Cals Refineries, a penny stock (Rs 0.33), is a ferociously-traded company about which very little is known. However, the very fact that more than 40 million shares are traded in this stock daily (2-week average) even when...

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Munira Dongre 20 July 2010
Unknown Cals Refineries is attracting millions of trades but no scrutiny Cals Refineries, a penny stock (Rs 0.33), is a ferociously-traded company about which very little is known. However, the very fact that more than 40 million shares are traded in this stock daily (2-week average) even when...

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Munira Dongre 20 July 2010
Unknown Cals Refineries is attracting millions of trades but no scrutiny Cals Refineries, a penny stock (Rs 0.33), is a ferociously-traded company about which very little is known. However, the very fact that more than 40 million shares are traded in this stock daily (2-week average) even when...

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Moneylife Digital Team 19 July 2010
Dish TV India Ltd said it appointed RC Venkateish, as its chief executive officer (CEO).   On Monday, Dish TV India shares closed 0.3% up at Rs46 on the Bombay Stock Exchange, while the Sensex ended at 0.1% down at 17,928 points.

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Moneylife Digital Team 19 July 2010
Nagpur-based Sunflag Iron & Steel Co Ltd said its first quarter net profit increased to Rs25.9 crore from Rs16 crore a year ago. During the first quarter to end-June, its total revenues rose to Rs399 crore from Rs285.1 crore, same period previous year, it said in a regulatory filing. On...

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Moneylife Digital Team 19 July 2010
SEL Manufacturing Co Ltd said it started first phase of expansion at its spinning unit located at Sehore in Madhya Pradesh. The company has already acquired around 400 acres of land for the project and the total cost for proposed spinning plant is envisaged at Rs1,920 crore. The expansion...

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Moneylife Digital Team 19 July 2010
Indowind Energy Ltd registered a first quarter net profit of Rs3.13 crore compared to Rs7.05 crore for the quarter ended June 2009. During the period its total revenues increased to Rs9.7 crore from Rs8.8 crore, same quarter a year ago. On Monday, Indowind Energy shares closed 2.6% down at...

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Moneylife Digital Team 19 July 2010
MIC Electronics Ltd said it formed a joint venture with Taiwan-based home lighting appliances manufacturer Home Resources Ind Co Ltd to produce light-emitting diode (LED) products in India. No financial details were provided. The agreement aims to manufacture innovative and cost effective LED...

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Moneylife Digital Team 19 July 2010
Escorts Ltd said its third quarter net profit increased 106% due to higher tractor sales and revenues. For the quarter to end-June, the tractor manufacturer said its net profit rose to Rs45.8 crore from Rs22.2 crore while its total revenues increased 38.5% to Rs806 crore compared with same...

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Moneylife Digital Team 19 July 2010
Mumbai-based Crompton Greaves Ltd registered a first quarter net profit of Rs142.2 crore compared with Rs1,14.7 crore for the quarter ended June 2009. During the period its total revenues rose to Rs1,357.7 crore from Rs1,181.9 crore, same period last year. On Monday, Crompton Greaves...

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Moneylife Digital Team 19 July 2010
HDFC Bank Ltd reported a first quarter net profit of Rs811.7 crore compared to Rs606.11 crore for the quarter ended June 2009. During the period its total revenues, including interest revenues, increased to Rs5,360 crore from Rs5,136.75 crore for the quarter ended 30 June 2009. On Monday,...

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Moneylife Digital Team 19 July 2010
Afghanistan mines minister Wahidullah Shahrani visited India last month and invited local companies, along with global majors like Rio Tinto and BHP Billiton, to develop the country's resources. State-owned aluminium maker Nalco may show interest in developing mines in Afghanistan, which is...

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Amritha Pillay 19 July 2010
Sidharth Rath, president, corporate banking (infrastructure business), Axis Bank, talks to Amritha Pillay on the challenges facing the infrastructure industry. This is the second part of a two-part series Amritha Pillay (ML): The Planning Commission has an outlay of $500 billion worth of...

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Moneylife Digital Team 19 July 2010
The paltry addition to the investor community since March 2008 has finally woken up SEBI. Its solution of ‘demat lite’ skirts the main issues The chairman of the Securities and Exchange Board of India (SEBI), CB Bhave, has advised National Securities Depository Ltd and Central Depository...

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Munira Dongre 17 July 2010
Finally, the regulatory rigmaroles in the gas space should be soon resolved—with positive ramifications for gas distribution and transmission companies The gas regulatory board has got real teeth now that Section 16 of the PNGRB Act of 2006 has been notified with effect from 15th July. This is...

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