INVESTOR INTEREST


Ravi Samalad 29 July 2010
In a bid to prevent unauthorised funds from entering and exiting mutual funds, the Financial Intelligence Unit (FIU), is seeking its first submission of Suspicious Transaction Reports (STRs) from mutual fund (MF) registrar & transfer agents (RTAs) under the revised provisions of the Prevention...

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On 19th June, Moneylife Foundation and IDBI Mutual Fund held a workshop for mutual fund investors on the free online tools offered by leading registrars, Karvy and CAMS (Computer Age Management Services), to track portfolios. These tech-tools empower investors by providing a snapshot of their...

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Would you buy an expensive balanced fund Your traditional unit-linked insurance plans (ULIPs) are set to undergo a sea change in terms of product structure and costs, with the revised norms laid down by the Insurance Regulatory and Development Authority (IRDA). But does this make ULIPs very...

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Contract manufacturing of drugs on a large scale is a rewarding business Ankur Drugs & Pharma (ADPL) does contract manufacturing for leading domestic companies and multinational companies. Two of them are in Baddi (Himachal Pradesh) and one in Daman. The manufacturing capacity at Baddi is large...

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  Supreme Infrastructure is a construction company available cheap Supreme Infrastructure is a construction company which makes buildings, roads, highways, bridges, flyovers, irrigation canals, sewage systems, etc. It started with executing orders of Mumbai’s municipal corporation and the...

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Moneylife Digital Team 29 July 2010
“I am an investor in Jayabharat Credit Ltd’s FD scheme. My FDR no is XXXX. It matured on 14 May 2010; however, the company has not repaid the principal amount till date. I have called them many times and they keep giving some future date. So please advise how I should proceed to get back my...

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Moneylife Digital Team 29 July 2010
New Delhi: Essar Oil Ltd (EOL) today said it will begin gas production from its Raniganj coal bed methane (CBM) block in West Bengal by September and will achieve peak output in late 2012, reports PTI. "Production will begin this quarter... either by end-August or early September," EOL head of...

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Shree Renuka is a sugar company with a difference Shree Renuka Sugars is unlike any other sugar company. It is run professionally in a sector dominated by politicians and lalas. This has allowed Renuka to expand far and wide. It has the largest sugar-refining capacity of 4,000 tonnes per day...

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Moneylife Digital Team 29 July 2010
PFL Infotech (Rs22) PFL Infotech claims to be in the trading business, although its name suggests that it is in the IT business. As per the company’s annual report for FY08-09, it has not entered the IT business because of unfavourable economic conditions. It posted an operating loss of...

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Moneylife Digital Team 29 July 2010
Kolkata: The fixed line telephone business in India in 2009-10 saw a negative growth with revenues dropping by 23.3% to Rs18,900 crore from Rs24,649 crore in the corresponding previous fiscal, reports PTI. The top three fixed line players-BSNL, MTNL and Bharti Airtel-reported a revenue...

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Mutual fund investors to get single statement for all their investments Those who have invested in five different schemes of different fund houses have to be on the lookout for five different statements of accounts. For them, help is at hand. Market regulator Securities and Exchange Board of...

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The new PFRDA chairman wants to make fund management fees flexible, hoping that investors will seek out the top performers! This bizarre idea for a retirement product rests on the chairman’s monumental ignorance of both the fund management business and the NPS The key reform idea of the new...

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Moneylife Digital Team 29 July 2010
New Delhi: Sun Pharma today claimed victory over Eli Lily and Co in a patent litigation over Gemzar, used in cancer treatment, with a US federal court ruling in its favour, reports PTI.  Eli Lily had contended that an abbreviated new drug application (ANDA) by Sun infringed its patent on the...

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If the new PFRDA head's current ideas take shape, NPS may need to be bailed out some day like UTI was Yogesh Agarwal, the new regulator of the Pension Fund Regulatory and Development Authority (PFRDA), is hell-bent on making the New Pension Scheme (NPS) work. Mr Agarwal, who took over as the...

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Moneylife Digital Team 28 July 2010
New Delhi; Food minister Sharad Pawar today said that any decision on decontrolling the sugar sector will be taken only after assessing the likely production for the next year and keeping the interest of the consumers in mind, reports PTI. "I will collect the information about total production...

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Moneylife Digital Team 28 July 2010
The surveillance mechanisms in both exchanges and with SEBI failed to catch the massive price fluctuation; the phenomenal gap in high prices on the BSE and NSE in a heavily-traded scrip shows how imperfect the Indian market is Today morning witnessed an unusual listing on the country\'s leading...

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Moneylife Digital Team 28 July 2010
The surveillance mechanisms in both exchanges and with SEBI failed to catch the massive price fluctuation; the phenomenal gap in high prices on the BSE and NSE in a heavily-traded scrip shows how imperfect the Indian market is Today morning witnessed an unusual listing on the country\'s leading...

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Moneylife Digital Team 28 July 2010
Private sector lender Kotak Mahindra Bank today said that its shareholders have approved the selling of 4.5% stake to Japanese financial services major Sumitomo Mitsui Banking Corp for Rs1,366 crore. At an extraordinary general meeting, the shareholders approved the allotment of 3.28 crore...

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Moneylife Digital Team 28 July 2010
Auto major Mahindra & Mahindra (M&M) today reported 40.30% jump in net profit at Rs562.39 crore for the quarter ended 30th June. The company had posted a net profit of Rs400.85 crore in the corresponding quarter of the last fiscal, M&M said in a statement. The total income during the first...

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Moneylife Digital Team 28 July 2010
IT firm Firstsource Solutions today reported a decline of 15.78% in its consolidated net profit at Rs32 crore for the quarter ended 30 June 2010, over the same period last year. Revenues from operations rose to Rs490.7 crore in the April-June quarter, from Rs484 crore. The company's shares...

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