INVESTOR INTEREST


Most people believe that an underground economy exists in defiance of the law. The truth is that they exist because of the law. When legal systems don’t work, the main victims will be investors Every country in the world has an underground economy. They differ only by degree. Most people...

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Moneylife Digital Team 29 November 2010
New Delhi: State-run power equipment maker BHEL may not be able to achieve its export revenue target of Rs 6,800 crore for the Eleventh Five Year Plan (2007-12), on account of weak global demand, reports PTI. BHEL was expected to register a turnover of Rs45,000 crore by the end of the ongoing...

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Moneylife Digital Team 27 November 2010
Last week, Sensex was down by 449 points. Since the current bull market started, the market has been down by an average of 3-4 weeks each for an average decline of 11-13%. This time, Sensex is down by 5% so far and last week was the third week of decline. We expect the market to remain weak...

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Independent director was fed up with frequent governance issues and soaring personnel costs at the sinking bourse The Bombay Stock Exchange (BSE) is going downhill fast. The resignation of Mr Vivek Kulkarni, an ex-IAS officer is just a symptom of the serious malaise that has continued to drag...

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Moneylife Digital Team 26 November 2010
New Delhi: Even as more details emerge out of the multi-crore housing-finance scam, market regulator Securities and Exchange Board of India (SEBI) today said it would continue to take steps to protect the interest of investors, reports PTI. “The regulator’s job is investor protection. So, we...

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Moneylife Digital Team 26 November 2010
New Delhi: Food and agriculture minister Sharad Pawar today informed Parliament that the country's overall sugar output was unlikely to decline this year on account of slow pace of cane crushing in some states, reports PTI. “The initial slow pace of production by sugar mills in some states is...

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Moneylife Digital Team 26 November 2010
New Delhi: The government today said it has not directed public sector banks to cut exposure in real estate following the housing-finance bribery scam, reports PTI. “No… Why should we say this,” financial services secretary R Gopalan told reporters when asked if the government has given such...

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Moneylife Digital Team 26 November 2010
New Delhi: Demand and prices of property are unlikely to decline as a result of the housing finance scam racket unearthed by Central Bureau of Investigation (CBI) earlier this week, reports PTI quoting the country's top developer DLF and consultant Jones Lang LaSalle (JLL). “Property prices...

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Moneylife Digital Team 26 November 2010
IT consulting major Capgemini has snapped up domestic IT services firm Thesys Technologies for an undisclosed amount, an acquisition that will boost the French entity's global delivery capabilities. Capgemini, which has a good presence in India, is a provider of consulting, technology and...

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Moneylife Digital Team 26 November 2010
State-owned telecom firm Bharat Sanchar Nigam Ltd (BSNL) recorded its first loss since inception, totalling over Rs1,800 crore in 2009-10. It garnered Rs18,427.18 crore in revenue during the financial year from landline and mobile services. BSNL received Rs8,885.67 crore in revenue during...

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Moneylife Digital Team 26 November 2010
Wind turbine maker Suzlon Energy Ltd said its subsidiary REpower Systems AG has signed a contract with Belgium's C-Power for delivery of 48 wind energy turbines. The contract with the Belgian offshore project company is for a total rated power of about 295 megawatts, REpower said in a...

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Moneylife Digital Team 26 November 2010
Auto giant Mahindra & Mahindra (M&M) Ltd said it has agreed to acquire 5.5% of IT firm Tech Mahindra's stake from UK-based British Telecommunications Plc (BT). UK’s largest fixed-line phone company BT holds 30% stake in Tech Mahindra. "Pursuant to a proposal received from BT, the company has...

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Moneylife Digital Team 26 November 2010
Tyre manufacturer MRF Ltd reported a 39% jump in its net profit at Rs353.98 crore for the year ended September 2010, over the corresponding period a year ago. For the year ended September 2009, the company had reported a net profit of Rs253.03 crore, the company said in a statement. The...

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Moneylife Digital Team 26 November 2010
The housing loan scam continued to haunt the market for the second day in a row. While the market opened firm, news reports about the developments saw the indices drifting lower in post-noon trade. The market opened with modest gains but slipped into the red as tainted stocks in the recent...

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Moneylife Digital Team 26 November 2010
New Delhi: Pune’s Lavasa Lake City has run into rough weather with the environment ministry slapping a show-cause notice on Lavasa Corporation for carrying out construction activities without its approval in 25,000 hectares, reports PTI. The ministry has given 15 days time to the Corporation...

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Moneylife Digital Team 26 November 2010
Principal MF unveils Smart Equity Fund; Religare MF launches Fixed Maturity Plan-Series IV-Plan D (13 Months); SBI Mutual Fund floats Debt Fund Series-18 Months Fund-4; One97 Communications to launch IPO on 1st December Principal MF unveils Smart Equity Fund Principal Mutual Fund has launched...

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Moneylife Digital Team 26 November 2010
New Delhi: The Supreme Court (SC) today allowed the request of British telecom giant Vodafone to deposit Rs2,500 crore, as directed by it earlier, through banking wire transfer instead of bank draft, reports PTI. The apex has court also postponed the date of hearing to 19 July 2011, from the...

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Munira Dongre 26 November 2010
Realty stocks have taken a huge beating. Some experts say, this may be the right time to pick up stocks with low debt. We hear FIIs may start buying. Stocks are sharply off their intraday lows The BSE's Realty Index is down 17% over a week; 31% over a month and 27% over a year at the time of...

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Moneylife Digital Team 26 November 2010
New Delhi: The Insurance Regulatory and Development Authority (IRDA) has imposed a fine of Rs5 lakh on Tata AIG Life Insurance for violation of regulatory guidelines, reports PTI. The company has been directed to pay a penalty of Rs5 lakh within 10 days for violating IRDA directions. Tata AIG...

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Moneylife Digital Team 26 November 2010
Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has initiated a probe into possible front-running and insider trading in shares of over two dozen companies, including some blue chips, by entities and persons involved in the housing finance scam unearthed by Central Bureau...

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