INVESTOR INTEREST


Moneylife Digital Team 13 January 2011
The local market is likely to see a flat-to-positive opening with a positive bias as global markets were in the green. Investors will also read into the third quarter earnings reports to give further direction to the market later in the day. Key indices in the US recorded modest gains on...

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Moneylife Digital Team 12 January 2011
Watch whether the market remains strong above today’s highs The market opened strong on positive global cues. Early gains were supported by buying in banking, IT, oil & gas and realty stocks. The indices witnessed a steep decline after the government released the Index of Industrial Production...

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Moneylife Digital Team 12 January 2011
Mumbai: Indian investors can start trading in large indices of 24 exchanges worldwide within a month, following market regulator Securities and Exchange Board of India's (SEBI) approval for the same, reports PTI. SEBI has given the green signal to domestic exchanges to offer trading in...

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Moneylife Digital Team 12 January 2011
Era Infra Engineering Ltd said it has achieved financial closure for Rs1,951 crore Bareilly-Sitapur road project in Uttar Pradesh, awarded to it by the National Highways Authority of India (NHAI). "The 151-km highways project has achieved commitments for the entire debt component of Rs1,350...

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Moneylife Digital Team 12 January 2011
Farm equipment-to-software group Mahindra & Mahindra Ltd said it will invest Rs3,000 crore in Gujarat to step up presence in the hospitality and real estate sectors in the state. "Our group companies have signed six MoUs with the Gujarat government totaling an investment of Rs3,000 crore,"...

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Moneylife Digital Team 12 January 2011
Reliance Broadcast Network Ltd will acquire Imagine Showbiz Ltd (ISL) from Cinestar advertising for an undisclosed sum. "The proposed acquisition will include a 100% purchase of ISL's shareholding along with other assets," Reliance Broadcast Network said in a statement. As part of the...

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Moneylife Digital Team 12 January 2011
New Delhi: India's foreign direct investment (FDI) inflows into the services sector dipped by 30% to $2.16 billion (Rs9,933 crore) during April-October this fiscal, reports PTI quoting the industry ministry's latest data. Financial and non-financial services sector had attracted FDI worth...

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Moneylife Digital Team 12 January 2011
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) today said that it is looking into the idea of setting up of SME exchanges even though no bourses have formally approached it, reports PTI. "We are very keen on that (SME exchanges)...We have initiated the process......

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Moneylife Digital Team 12 January 2011
ICICI Bank & Vodafone Essar ink pact for financial inclusion; Future Generali launches single premium ULIP; Reliance MF floats Fixed Horizon Fund-XVII-Series 5; Karvy launches investment plan with capital protection; Reliance MF launches Fixed Horizon Fund-XVIII-Series 1 ICICI Bank & Vodafone...

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Moneylife Digital Team 12 January 2011
New Delhi: Insurance watchdog Insurance Regulatory Authority of India (IRDA) today said guidelines for public float of life insurance companies will be ready by early February, reports PTI. "Our regulation for initial public offers (IPO) of life insurance companies must be ready in two to...

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Moneylife Digital Team 12 January 2011
The local market is likely to open in the positive terrain, tracking the global equities markets. The US markets closed in the green overnight on better-than-expected earning forecasts and on signs of easing of the European debt crisis. In line with the US, markets in Asia were also upbeat in...

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Megha Vora 11 January 2011
JP Morgan, Motilal Oswal and Reliance file offer documents with SEBI to raise money to invest in overseas securities  Mutual funds with investments in foreign stocks are back in fashion. A number of fund houses are planning to raise money domestically and invest in overseas securities. Three...

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Moneylife Digital Team 11 January 2011
Tata Communications said that it has reached a definitive agreement to acquire BitGravity, a content delivery network (CDN). BitGravity's network and products accelerate the delivery of media assets to end-users and enables scalable, real-time video communications over the Internet. Upon...

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Moneylife Digital Team 11 January 2011
The Sensex is likely to touch 19,600 and the Nifty 5,880 before a fresh decline starts We mentioned in yesterday's market closing report that for a day or two we may see a small rally. The Sensex opened with an upward gap of 55 points to hit 19,280 and after a volatile morning made an intra-day...

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Moneylife Digital Team 11 January 2011
Realty firm Parsvnath Developers Ltd said it has raised Rs100 crore by selling 49.9% stake in a housing project at Ghaziabad to private equity (PE) firm Sun Apollo. The 31-acre housing project 'Parsvnath Exotica' is being developed by its subsidiary Parsvnath Buildwell. "Sun-Apollo will...

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Moneylife Digital Team 11 January 2011
Infrastructure major Punj Lloyd Ltd said it has won a contact from the Bihar government for a water treatment plant to supply 6.224 million litres of drinking water per day to fluoride affected areas at Kharagpur. No financial details were provided. The scope of work includes engineering,...

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Moneylife Digital Team 11 January 2011
Apollo Tyres Ltd has signed a supplementary memorandum of understanding (MoU) with the Tamil Nadu government for increasing its investments in the state to Rs2,100 crore as part of its greenfield project. Considering the demand for the product, Apollo Tyres has decided to make a total...

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Moneylife Digital Team 11 January 2011
Larsen & Toubro (L&T) Ltd in joint venture (JV) with Mitsubishi Heavy Industries has inaugurated the country's first private sector facilities for the manufacture of supercritical boilers and turbine generators in Hazira, Surat. Supercritical technology for coal-fired power plants is globally...

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Moneylife Digital Team 11 January 2011
IndusInd Bank revises interest rates on term deposits; Sundaram MF floats Fixed Term Plan-AI; Reliance MF launches Fixed Horizon Fund-XVII-Series 4; Sundaram MF unveils Fixed Term Plan-AM; Edelweiss Securities launches stock trading on mobiles IndusInd Bank revises interest rates on term...

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Moneylife Digital Team 11 January 2011
India-based Business Process Outsourcing companies are taking away US jobs and are recruiting by the thousands. But why are listed BPO stocks doing badly and what is their long-term future? The US is reeling under high unemployment, which is often blamed on India's Business Process Outsourcing...

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