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Moneylife Digital Team 16 November 2010
New Delhi: The government is not considering freeing diesel pricing from its control yet, reports PTI quoting oil minister Murli Deora. "Currently, there is no proposal under consideration to fully decontrol the price of diesel," Mr Deora said in a written reply to a question in the Rajya...

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Moneylife Digital Team 16 November 2010
New Delhi: State-run NTPC has requested the ministry of environment and forests (MOEF) to remove the Dulanga coal block in Orissa from the list of "no go' areas where mining activities are prohibited, reports PTI. "Only one of the coal blocks (Dulanga in Orissa) allotted to us has gone into the...

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Moneylife Digital Team 16 November 2010
Losses in the Asian markets, along with all-round selling pressure from institutional investors, took the domestic gauges below the psychological levels at close of trade today. The Indian market opened with modest gains this morning, defying the regional trend, but slipped into the red soon...

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Moneylife Digital Team 16 November 2010
Toyota Kirloskar Motor (TKM) Ltd has projected a 60% jump in revenue in the 2010-11 fiscal on the back of robust demand for its sports utility vehicle, 'Fortuner'. The company, which will launch its 'Etios' sedan in the country in December, said it expects to achieve a revenue of about...

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Moneylife Digital Team 16 November 2010
The Tata Motors Group has said that its global sales have jumped 18% at 86,705 units in October 2010, as compared to last year. The Group comprises Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along with distributed brands in India and Jaguar...

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Moneylife Digital Team 16 November 2010
ABG Shipyard Ltd said its net profit in the September 2010 quarter rose 22.70% to Rs56.20 crore from Rs45.86 crore in the corresponding quarter last year. The company has clocked a 38.32% increase in net sales to Rs555.48 crore, as against Rs401.58 crore in the year-ago period. ABG is an...

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Moneylife Digital Team 16 November 2010
Vijay Mallya-promoted Kingfisher Airlines Ltd has reported a 45% reduction in its net loss to Rs230.81 crore in the second quarter ending September 2010 compared to Rs418.77 crore in Q2 last fiscal. The company reported a growth of 24.26% in operating revenue at Rs1,382.72 crore for the...

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Moneylife Digital Team 16 November 2010
Private lender City Union Bank Ltd plans to raise about Rs2,000 crore from the capital market by 2015, either through the qualified institutional placement (QIP) route or a rights issue. The bank has already received the shareholders' approval to raise Rs300 crore and for the remaining, it...

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Moneylife Digital Team 16 November 2010
HCL Technologies Ltd today said it has won a $100 million deal for its business process outsourcing (BPO) unit. The BPO unit of the company was running into losses and the company is trying to rejig the business model and move away from voice-based services. HCL expects to turn the HCL BPO...

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Moneylife Digital Team 16 November 2010
Gone are the days when investors would put money in a ‘blind pool’. They are now demanding a say in the choice of investment sectors, as well as returns and a shorter time frame A key issue faced by private equity firms (called General Partners, also referred to as GPs) is the demand for...

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Moneylife Digital Team 16 November 2010
Mumbai: Leading macroeconomic research agency Centre for Monitoring Indian Economy (CMIE) has forecast capital flows topping $91 billion by the end of the fiscal, a staggering 70% over $53.6 billion that the country received last fiscal, reports PTI. "We expect the net capital inflows into the...

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Moneylife Digital Team 16 November 2010
New Delhi: With some lenders averse to discontinuing controversial teaser rates offered on loans, chief economic advisor Kaushik Basu today called for setting up a regulatory authority to monitor such schemes, reports PTI. "Instead of banning teaser rates, we can have independent experts who...

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Moneylife Digital Team 16 November 2010
BSE launches first-ever Realised Volatility Index in India; Kotak Mahindra MF unveils FMP 15M Series 7; Principal MF floats Fixed Maturity Plan-91 Days-Series XXVI; HSBC Mutual Fund declares dividends in four equity schemes; Sun Pharma fixes 26th November as record date for stock split BSE...

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Moneylife Digital Team 16 November 2010
Margin recovery will be keenly watched; proposed merger with Tech Mahindra will be another key driver of future growth Mahindra Satyam (formerly known as Satyam Computer Services) on Monday declared the financial results for the first and second quarter of the current fiscal, for the first time...

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Moneylife Digital Team 16 November 2010
While banks indulge in mis-selling mutual funds, as Moneylife had warned 10 months ago, it is far-fetched to blame them for steady equity mutual funds outflows and not SEBI’s hasty and utopian rules on mutual fund selling Almost 15 months after the Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 16 November 2010
Even as LIC Mutual Fund faces the heat over heavy losses in liquid and money market investments, its equity schemes and index funds continue to be among the worst performers in their categories Life Insurance Corporation of India's (LIC) mutual fund company has fallen on troubled times,...

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Moneylife Digital Team 16 November 2010
The local market is likely to witness a cautious opening on the back of mixed global cues. The US markets finished mostly lower on Monday while a majority of the markets in Asia were in the red in early trade on indications that governments in the region will put in place new initiatives to curb...

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Sunrise sector+scarcity value+institutional investors = P/E of 86 Certain kinds of companies invariably get a high valuation. Ones that are in the ‘sunrise’ sector; or from a sector from which there are hardly any stocks listed; or companies that are funded by private-equity investors. Educomp...

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Moneylife Digital Team 15 November 2010
New Delhi: Shree Renuka Sugars, having a presence in the sugar sector, today reported a consolidated net profit of Rs116.9 crore for the quarter ended 30th September, 15.5% growth as compared to the similar quarter in the year-ago period. The company had reported a net profit of Rs101.2 crore...

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Moneylife Digital Team 15 November 2010
New Delhi: The government today said total foreign direct investment (FDI) in the telecom sector since 2007-08 till August this year stood at Rs33,957 crore, reports PTI. “The total FDI inflow in the telecom sector during the past three years and the current year (April-August 2010) stands at...

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