INVESTOR INTEREST


Moneylife Digital Team 24 November 2010
Tata Motors Ltd today said it is expecting over 50% jump in the sale of its Ace family light commercial vehicles (LCV) in the current fiscal, on account of robust demand. This translates into up to 2.5 lakh units for sale. "Last year, we sold about 1.6 lakh unit of our Ace family. This...

Read More



Moneylife Digital Team 24 November 2010
State run Coal India Ltd (CIL) reported a growth of 29.06% in its net profit at Rs4,020 crore during the September 2010 quarter. The net profit of the company was Rs3,115 crore during the corresponding period last year. Net sales of the company was at Rs22,525.53 crore, a rise of 16.9% for...

Read More



Moneylife Digital Team 24 November 2010
State Bank of India (SBI) said its 750-million euro (about Rs4,650 crore) five-year bond issue was snapped in a day, making it the first such issue from the country in the past three years and the first Asian issue this year. The issue comes as the bank awaits government nod to come out with...

Read More



Moneylife Digital Team 24 November 2010
JSW Energy Ltd said it has bought Canadian coal company CIC Energy for $422 million. CIC Energy operates the Mmamabula coal and power station project in Botswana. The deal is JSW's second acquisition in the coal sector in southern Africa within a year. Earlier, the Indian company had acquired...

Read More



Moneylife Digital Team 24 November 2010
Dr Reddy's Laboratories Ltd (DRL) and GlaxoSmithKline Plc (GSK) have signed an agreement relating to the latter's United States oral penicillin facility and product portfolio. Under the agreement, GSK will transfer ownership of its penicillin manufacturing site in Bristol, Tennessee, United...

Read More



Munira Dongre 24 November 2010
GS report yesterday says it believes the impact on the financial markets from the Korean fracas could be short-lived, barring any further escalation of tensions In a report to its clients yesterday, Goldman Sachs Global Economics, Commodities and Strategy Research said that "Given previous...

Read More



Moneylife Digital Team 24 November 2010
New Delhi: The government today said its consultations with BlackBerry service provider Research In Motion (RIM) for lawful interception of the company's services was on and more time was required to find a solution, reports PTI. Minister of state for home Ajay Maken said the RIM has assured...

Read More



Moneylife Digital Team 24 November 2010
Hyderabad: Cellular Operators Association of India (COAI) today indicated that profits of the mobile telecom industry may shrink further on account of strict subscriber verification norms and levy of charges on erection of cell towers by the state governments, reports PTI. Lack of...

Read More



Moneylife Digital Team 24 November 2010
MoneyGram and Bank of Baroda to offer remittances; Fidelity MF unveils Fixed Maturity Plan Series IV-Plan B; ICICI Pru MF changes benchmark indices for Advisor Series; IDFC Mutual Fund revises exit load for Ultra Short Term Fund Karvy Computershare launches "K-ATOM" to provide MF services on...

Read More



Munira Dongre 24 November 2010
Kotak believes that the impact of pension costs is likely to be about 10% of banks’ net-worth and is likely to be provided through the P&L over the next 5 years; high RoA/RoEs are sufficient to absorb the extra cost In a report released to its clients yesterday, Kotak Institutional Equities...

Read More



Moneylife Digital Team 24 November 2010
Mumbai: Tata Power plans to invest Rs850 crore till FY11-12 to beef up generation, transmission and distribution, a senior company official told PTI. The company will be investing Rs850-crore over 3 years (FY 10 till FY 12) to enhance its generation, transmission and distribution...

Read More



Moneylife Digital Team 24 November 2010
New Delhi: The government on Tuesday fixed a price band of Rs340-Rs375 a share for raising up to Rs1,238 crore through initial sale of shares in Manganese Ore India Ltd (MOIL), which will become the fifth state-run company to see divestment this fiscal, reports PTI. The Centre will dilute 10%...

Read More



Moneylife Digital Team 24 November 2010
The Indian market is likely to witness a soft-to-flat opening on concerns over the geo-political tensions in Korea and the slowing pace of the global economic recovery. Tensions in Asia spooked the US markets overnight causing key indices to drop between 1% and 1.5%. Markets in Asia were mixed...

Read More



Moneylife Digital Team 23 November 2010
Today, the Indian market was highly volatile on the back of the developments along the Korean border and over concerns over the political future of the UPA-led government, which has been rocked by corruption allegations. The Sensex opened at 19,841.42; 116.17 points lower compared to its previous...

Read More



Abu Dhabi: India, which is negotiating a Free Trade Agreement with the six-nation Gulf Cooperation Council, today made a strong pitch for greater investment from the UAE, asking the oil-rich country to be a part of its growth story, especially in the infrastructure sector, reports PTI. "India...

Read More



Moneylife Digital Team 23 November 2010
Tata Chemicals Ltd is planning to roll-out a nutrient-based basal fertiliser 'Paras Farmoola', across the country and will invest Rs110 crore in setting up manufacturing units for it. "We have developed Paras Farmoola for select crops in a specific region based on soil, crop and water sample...

Read More



Moneylife Digital Team 23 November 2010
IT company Mphasis Ltd said its consolidated net profit rose by 20% to Rs1,090.75 crore for the year ended 31 October 2010, over the same period last year. Revenues rose to Rs5,036.52 crore during the year ended October 2010 against Rs4,263.88 crore in the same period last year, the company...

Read More



Moneylife Digital Team 23 November 2010
Vijay Mallya-owned Kingfisher Airlines Ltd said it has entered a code sharing and frequent flyer agreement with American Airlines, which will be effective from 2011. "The code share on American's flight to Chicago will mark the first time ever that Kingfisher Airlines will place its code on...

Read More



Moneylife Digital Team 23 November 2010
Religare Enterprises Ltd said that its subsidiary Religare Capital Markets Ltd (RCML), has acquired the UK operations of Barnard Jacobs Mellet. No financial details were provided. Barnard Jacobs is a highly-rated distribution platform for South African equities in the UK, serving over 100...

Read More



Munira Dongre 23 November 2010
Investors from around the world are particularly keen about the consumption and infrastructure sectors in India, CLSA found out at a conference in Gurgaon last week. While they have a positive outlook, they are conscious about some key challenges that remain—like managing human resources and...

Read More

Free Helpline
Legal Credit
Feedback