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Moneylife Digital Team 22 June 2010
US-based Progress Software Corp said it launched its market surveillance and monitoring solution accelerator product in India which can do the job on a real time basis. The market surveillance and monitoring solution accelerator enables financial institutions, exchanges and market regulators to...

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Moneylife Digital Team 22 June 2010
IClCl Bank Ltd said its shareholders approved the merger of Bank of Rajasthan with itself in an extraordinary general meeting held on 21st June. The amalgamation is subject to the approval of Reserve Bank of India (RBI) and such other approvals as may be required. The share exchange ratio has...

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Moneylife Digital Team 22 June 2010
General Motors India said it introduced a cashless ownership offer on all of its Chevrolet range of vehicles, to enable customers to own a Chevrolet in the most affordable way. As part of the Chevrolet cashless ownership offer, the customer will only have to pay one-time subsidised amount...

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Moneylife Digital Team 22 June 2010
Hindustan Dorr-Oliver Ltd (HDO) said it joined hands with Netherlands-based Bronswerk Heat Transfer BV (BHT) to manufacture BHT's critical equipments in India. Further this collaboration will also facilitate BHT to compete in the Europe, US and Middle East market. On Tuesday, HDO shares ended...

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Moneylife Digital Team 22 June 2010
Sun Pharmaceutical Industries Ltd said it received an abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) to market a generic version of Optivar, azelastine ophthalmic solution, 0.05%, in the US. This sterile azelastine hydrochloride ophthalmic...

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Moneylife Digital Team 22 June 2010
Piramal Healthcare Ltd said it signed a definitive agreement to acquire Canada-based medical devices company BioSyntech's assets for about C$3.9 million. BioSyntech is a medical device company specialising in the development, manufacturing and commercialisation of advanced biotherapeutic...

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Moneylife Digital Team 22 June 2010
Larsen & Toubro Ltd (L&T) said its thermal power plant construction (TPPC) business unit has secured two orders of about Rs827 crore. The first order from GVK Power, worth Rs602 crore, is for the total construction of plant items for the Gautami stage II combined cycle power plant (CCPP) in...

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Officials from Vanguard, one of the largest fund houses in the US, and a pioneer of index investing, made a trip to India and went back unconvinced of the “India opportunity” Foreign manufacturing and service companies see a great opportunity in India as the economy races towards a 9% growth...

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Officials from Vanguard, one of the largest fund houses in the US, and a pioneer of index investing, made a trip to India and went back unconvinced of the “India opportunity” Foreign manufacturing and service companies see a great opportunity in India as the economy races towards a 9% growth...

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Moneylife Digital Team 21 June 2010
NK Prasad, executive director and chief operating officer of Computer Age Management Services (CAMS) in an exclusive interview with Moneylife speaks on various services offered by his company for investors, distributors and AMCs. This is the first part of a two-part series Moneylife...

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Moneylife Digital Team 21 June 2010
The index is now headed for a short-term high, probably around 18,300 The market continued its upmove today following the Chinese move on the yuan, after taking a breather on Friday. The Sensex ended at 17,876, up 305 points (1.7%). The Nifty settled at 5,353, up 90 points (1.7%). The indices...

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Moneylife Digital Team 21 June 2010
Astec LifeSciences Ltd said it signed a long term, mutually exclusive and confidential contract to supply an herbicide to a multinational agrochemical major. No other details were provided but the company, in a regulatory filing said the agreement will have a substantial positive impact on its...

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Moneylife Digital Team 21 June 2010
Suryachakra Power Corp Ltd said its subsidiary Sri Panchajanya Power Pvt Ltd has started the trial runs at its 10 MW biomass power project at Hingoli in Maharashtra expect to start the commercial operations in a week. On Monday, Suryachakra Power shares ended 2.6% up at Rs17 on the Bombay Stock...

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Moneylife Digital Team 21 June 2010
Animation and gaming company DQ Entertainment International Ltd (DQE) said it signed a co-production agreement with Neo Network, a unit of Zodiak Entertainment, to produce a high definition 2D digital animated television series titled 'The Qpiz' for an undisclosed amount.  This high definition...

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Moneylife Digital Team 21 June 2010
Corporation Bank said it appointed N Jayasankaran as its company secretary and compliance officer. On Monday, Corporation Bank shares fell 1.9% to Rs539 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.7% up at 17,876 points.

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Pallabika Ganguly 21 June 2010
Around 7,000 high-value apartments are coming up in central Mumbai over the next three years. But where are the takers? There are approximately 7,000 apartments-each costing above Rs5crore-coming up in central Mumbai (along the Dadar-Mahalaxmi belt) over the next three years. However, there is...

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After IDFC Mutual Fund has decided to exit the fund business, even if partially, Reliance Mutual is actively scouting for a strategic investor. Several others are in the queue Reliance Capital, which had sold 5% of its stake in Reliance Capital Asset Management to Eton Park in what has been...

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After IDFC Mutual Fund has decided to exit the fund business, even if partially, Reliance Mutual is actively scouting for a strategic investor. Several others are in the queue Reliance Capital, which had sold 5% of its stake in Reliance Capital Asset Management to Eton Park in what has been...

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Amritha Pillay 21 June 2010
Essar Energy has several power projects planned but these may slow down due to lack of coal linkages and land-acquisition issues While all eyes are on the Ambani brothers for the mega-power projects they are planning to set up, Essar Energy has drawn up ambitious plans that aim to set up...

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Moneylife Digital Team 21 June 2010
Stung by widespread criticism of SEBI’s action in attempting to regulate ULIPs, the government has settled the issue of regulatory turf battle by changing the law In a move that stunned the financial world and dealt a massive blow to the Securities & Exchange Board of India (SEBI), the...

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