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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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Moneylife Digital Team 19 June 2010
The market is about to correct the strong rally we have witnessed but not by much. The upside would be capped at a Sensex of 18,300 The domestic market started the week with a huge gain. The positive sentiment in the market continued throughout the week, taking cues from the positive global...

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Moneylife Digital Team 18 June 2010
As suspected, the market corrected today but the up-move is not over The market ended its seven-day winning streak to end in the red, led by Reliance Industries (RIL) as its annual general meeting (AGM) was short of investors' expectations. The Sensex ended at 17,570, down 45 points (0.2%)...

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Sanghvi Movers has a competitive edge One of our picks at different times has been Sanghvi Movers which is a reasonably priced stock to take advantage of India’s infrastructure growth. It has a fleet of 300 medium-sized, heavy-duty hydraulic and crawler cranes with capacities ranging between...

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Moneylife Digital Team 18 June 2010
Mold Tek Technologies Ltd has signed a long term contract with Norway-based clients for providing on site and off site engineering services. Through this contract, company expect to gain $2 million per annum as additional revenues, it said in a regulatory filing. On Friday, Mold Tek...

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Moneylife Digital Team 18 June 2010
Mumbai-based Unity Infraprojects Ltd said it secured contracts of about to Rs412 crore for construction related works. The first contract is from the Director General of the Married Accommodation Project for construction of dwelling units. The contract worth Rs299.24 crore is to be completed...

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Larsen & Toubro Ltd (L&T) said its buildings and factories unit won orders worth Rs1,440 crore for construction of residential towers, township and factory buildings. L&T has secured new orders of about to Rs1,294 crore for the construction of residential towers and township from various...

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Moneylife Digital Team 18 June 2010
Secunderabad-based XL Telecom and Energy Ltd said it won two orders worth Rs52.5 crore for supply of export of solar photovoltaic panels to Europe. One of the customers is an EPC company in Italy from whom this is the trail order. The second order is for supply of the popular 230 Wp size...

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Moneylife Digital Team 18 June 2010
Sun Pharmaceuticals Industries Ltd said it received abbreviated new drug application (ADNA) from the US Food and Drug Administration (USFDA) approval for its alprazolam tablets a generic version of Xanax. Alprazolam tablets are used for treatment of anxiety disorder or the short-term relief...

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Orient Abrasives has a superb operating margin of 24% and a fast-growing domestic and global client list There are hardly too many stocks at attractive valuations currently. Orient Abrasives is probably one such. It makes fused alumina abrasive grains for cement, steel & copper, and zinc...

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Moneylife Digital Team 18 June 2010
Neha International (Rs173) Incorporated in 1993, Neha International Ltd (with its subsidiary Globeagro Holdings) is engaged in the floriculture business in India and Ethiopia. It exports its products to countries like the Netherlands, Japan, Greece, Canada, Switzerland, the United...

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The fund, which took over the assets of Standard Chartered Mutual Fund in May 2008, is finding the going tough after recent regulatory changes and commercial pressures Regulatory changes and commercial compulsions are beginning to take a toll on the large number of asset management companies...

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The fund, which took over the assets of Standard Chartered Mutual Fund in May 2008, is finding the going tough after recent regulatory changes and commercial pressures Regulatory changes and commercial compulsions are beginning to take a toll on the large number of asset management companies...

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Seshasayee Paper will not be bogged down by raw material scarcity The domestic paper industry has been under pressure for a while due to rising cost of raw materials. However, with prices of inputs easing a bit and demand rising, paper manufacturers are getting back on their feet. In the...

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Moneylife Digital Team 18 June 2010
The stock markets have rallied strongly for the past seven consecutive days. How will the markets perform today? We look at similar historical patterns to get a picture The 30-share BSE Sensex has been on a roll for the past seven days. The Sensex has surged 6% to 17,617 on 17 June 2010 from...

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Moneylife Digital Team 18 June 2010
The stock markets have rallied strongly for the past seven consecutive days. How will the markets perform today? We look at similar historical patterns to get a picture The 30-share BSE Sensex has been on a roll for the past seven days. The Sensex has surged 6% to 17,617 on 17 June 2010 from...

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Moneylife Digital Team 18 June 2010
Now that final withdrawals from savings schemes like NPS will become completely tax-free, they could potentially compete with the mutual fund industry With the government proposing a long-awaited move to free long-term savings products from tax liability, schemes like the government's own baby...

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Moneylife Digital Team 18 June 2010
Now that final withdrawals from savings schemes like NPS will become completely tax-free, they could potentially compete with the mutual fund industry With the government proposing a long-awaited move to free long-term savings products from tax liability, schemes like the government's own baby...

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Moneylife Digital Team 17 June 2010
Unlike what we anticipated, the market shot up before correcting. A reaction is long overdue which will come on Friday The market was up on late trading gains, taking cues from strong European bourses. The Sensex settled at 17,616, up 153 points (0.8%) while the Nifty was up at 5,275, up 41...

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Moneylife Digital Team 17 June 2010
 Capital Trust Limited (Rs59) Capital Trust Limited is in the business of hire-purchase/leasing of plant & machinery, office equipment and two-wheelers. In 2008, the company ceased all other financing operations and started ‘grameen-based, joint liability-based microfinance’, whatever...

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