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Moneylife Digital Team 15 September 2010
Financial software testing company, Thinksoft Global Services Ltd said it has opened its new delivery centres in Tidel Park, Chennai and in Velankani Tech Park, Bengaluru.  These delivery centres are designed to handle operations for the company's global clients in a secure environment....

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Moneylife Digital Team 15 September 2010
Nexxoft Infotel Ltd, an interactive software development company, said it has entered a strategic tie-up with Swiss-based SpinetiX,  to provide digital signage products in India . No financial details were provided. Nexxoft Infotel will sell the products of SpinetiX in India, said the...

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Moneylife Digital Team 15 September 2010
Tata Steel Ltd said it will acquire 80% stake in an iron ore mining project in Canada for about Rs1,350 crore, a move which will help the steel maker boost its raw material supply. The Direct Shipping Ore (DSO) project is owned by Canada-based New Millennium Capital Corp, in which Tata Steel...

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Moneylife Digital Team 15 September 2010
United Breweries group company United Spirits Ltd said it will make an open offer for buying additional 20% stake in Pioneer Distilleries Ltd following its purchase of 54.7% stake in Pioneer for Rs74 crore. The company has entered a share purchase agreement with Pioneer Distilleries' existing...

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Munira Dongre 15 September 2010
CLSA is hosting a corporate conference in Hong Kong for its institutional investors. Here are a few highlights from the ICICI Bank, IDFC, and Zee managements MD and CEO of ICICI Bank Chanda Kochhar talked about the bank's new strategy - an addition to its '4 Cs' strategy in the form of credit...

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Munira Dongre 15 September 2010
What’s buzzing in these stocks right now Rama Newsprint: Rumours range from land bank sale to the sale of the promoter shareholding - small share sales from the promoters have been happening regularly from June (as per the BSE website). However, the real story seems to be newsprint prices and a...

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Moneylife Digital Team 15 September 2010
Nokia launches music phone X2 at Rs6,579; Baroda Pioneer MF unveils Baraod Pioneer PSU Equity Fund; HDFC Mutual Fund introduces HDFC FMP 100D September 2010 (2); L&T Mutual Fund floats L&T FMP-I (September24M A); SBI Mutual Fund launches SBI Debt Fund Series-24 Months-2    Nokia launches music...

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Moneylife Digital Team 15 September 2010
The company provides tutorial services to high school and post-high school students for various competitive entrance examinations; it will have to hold its own against some well-entrenched players Rajasthan-based tutorial service provider Career Point Infosystems Ltd (CPIL) is entering the...

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Taking advantage of poor knowledge of consumers, malpractices by doctors and weak regulation, drug companies are selling medicines at hugely inflated prices. We look at the rumblings in Parliament over the exorbitant pricing of drugs, and the recommendations of the standing committee. This is...

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Moneylife Digital Team 15 September 2010
Mumbai: Cairn India Ltd, the energy firm that London-listed Vedanta Resources is seeking to buy, today said the giant Mangala oilfield in Rajasthan can produce 150,000 barrels per day (bpd), 20% more than the previously approved peak production, reports PTI. Mangala is the first of the 25 oil...

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Moneylife Digital Team 15 September 2010
New Delhi: Reliance Industries (RIL) is ostensibly seeking a 25% increase in the price of natural gas it produces from the eastern offshore Krishna-Godavari (KG) basin after it wrote to the oil ministry saying it has customers willing to pay more than the government-approved price, reports...

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That much-feared double-dip might not take place; the flexible labour and capital markets in America will help provide opportunities for those with the courage to take them up Throughout August, the markets have been terrified of the dreaded double-dip. This spectre has been haunting markets all...

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Moneylife Digital Team 15 September 2010
The market is likely to witness a flat-to-positive opening on tepid cues from the global markets. Wall Street closed with marginal losses overnight. While retail sales numbers were in line with market expectations, selling in financial stocks erased earlier gains. Markets in Asia were mostly in...

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Moneylife Digital Team 14 September 2010
New Delhi: In its bid to speed up a turnaround, Air India plans to seek the approval of the Union Cabinet to operationalise its six strategic business units (SBUs) when the government considers an equity infusion of Rs1,200 crore into the ailing carrier, reports PTI. The civil aviation...

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Moneylife Digital Team 14 September 2010
Suryachakra Power Corp Ltd said its unit Suryachakra Power Venture Pvt Ltd (SPVL) has signed an agreement with Germany-based Flagsol GmbH to set up power projects in India under the Jawaharlal Nehru National Solar Mission. No financial details were provided. The company will submit bids to...

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Moneylife Digital Team 14 September 2010
Engineering company, ABB Ltd, said it will acquire Bengaluru-based Metsys Engineering and Consultancy for about Rs8.5 crore. Metsys provides engineering services to original equipment manufacturers (OEMs) and end customers mostly in metal industry. The acquisition will help ABB to further...

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Moneylife Digital Team 14 September 2010
Wind turbine manufacturer, Suzlon Energy Ltd said its unit Suzlon Energy (Tianjin) has received a 50MW order from one of China's five largest power producers. No financial details were provided. The contract comprises 24 units of the Suzlon S88 turbines, each with a rated power of 2.1 MW,...

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Moneylife Digital Team 14 September 2010
RPG group company KEC International Ltd said it will buy railway signalling company Jay Railway Signalling Pvt Ltd (formerly known as Jay electrocom Industries) for Rs13.96 crore. "In order to diversify our portfolio, we took a strategic decision to create a separate division for railway and...

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Moneylife Digital Team 14 September 2010
Hindustan Construction Company (HCC) Ltd said its subsidiary Lavasa Corp Ltd filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of about Rs2,000 crore. The book running lead managers to the issue are ICICI...

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Moneylife Digital Team 14 September 2010
New Delhi: The quantum of funds mopped up by India Inc from initial public offers (IPOs) and rights issues in July remained flat at Rs2,961.90 crore, almost similar to the previous month, even though the number of firms, which came out with offers had fallen by almost one third of that in June,...

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