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Moneylife Digital Team 21 December 2010
New Delhi: Corporate lobbyist Niira Radia was today questioned by the Central Bureau of Investigation (CBI) here in connection with the second generation (2G) spectrum scam, reports PTI. Official sources said a team of CBI reached Ms Radia’s farm house at Chhattarpur area at about 10 am to...

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Moneylife Digital Team 21 December 2010
New Delhi: The government today said prices of onions are likely to remain high for the next three weeks, but the situation is likely to improve thereafter in the wake of its move to ban exports of the commodity, reports PTI. “Onion prices will remain high for the next three weeks and the...

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Moneylife Digital Team 21 December 2010
The market is likely to witness a gap-up opening today on positive global cues. Wall Street closed mixed for the second day in low volume trade while markets in Asia were in the green on higher commodity prices and optimism about growth in the US next year. The SGX Nifty was two points higher at...

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Moneylife Digital Team 20 December 2010
New Delhi: Reliance Industries’ (RIL) prolific D-1 and D-3 gas fields off the east coast, which have seen a 15% drop in production in recent times, are likely to touch a peak output of 80 million metric standard cubic metres per day (mmscmd) in 2012-13, reports PTI. According to a Directorate...

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Munira Dongre 20 December 2010
Nomura says China will contribute three times as much as the US to global growth in 2011. India, the brokerage says, will contribute as much to global growth as Western Europe and Japan combined Nomura, the global financial services firm, expects overall global GDP growth at 4.3% with...

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Moneylife Digital Team 20 December 2010
New Delhi State-owned oil firms have seen their losses on diesel sales widen to over Rs6 per litre, even as a ministerial panel meeting on raising prices has not yet been scheduled, reports PTI. “The Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee was tentatively...

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Moneylife Digital Team 20 December 2010
Hindusthan National Glass & Industries Ltd (HNG) said it has signed deals worth over Rs250 crore with international companies which include Emhart Glass (Switzerland), Heye Glass (Germany), Pennekemp (Germany), Horn Glass (Germany) and Zippe (Germany). These deals are part of HNG’s strategy...

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Moneylife Digital Team 20 December 2010
Tata Group firm Voltas Ltd said its board of directors has approved the formation of a joint venture with Saudi Arabia’s Olayan Financing Company to execute electro-mechanical projects in the country. “The joint venture agreement incorporating the terms and conditions JVC has been executed...

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Moneylife Digital Team 20 December 2010
Drug-maker Ranbaxy Laboratories Ltd said its South Africa-based joint venture, Sonke Pharmaceuticals, has won a 913.5 million rand (about Rs605 crore) order from the government for supply of drugs for prevention and treatment of AIDS. The 913.5 million rand order won by Sonke is a part of a...

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Moneylife Digital Team 20 December 2010
Unity Infraprojects Ltd has won three work orders worth Rs200.10 crore from IISER College Pune, Orissa Industrial Infrastructure Development Corporation (IDCO) and Kumar Builders Township Ventures Pvt Ltd, Hinjewadi, Pune. The first order worth Rs88.99 crore from Indian Institute of Science...

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Moneylife Digital Team 20 December 2010
Kotak Mahindra MF floats 370 days scheme; Reliance MF unveils 367 days scheme; Claris Lifesciences debuts at a discount on BSE; Union Bank, Indian Overseas Bank raise lending rates Kotak Mahindra MF floats 370 days scheme Kotak Mahindra Mutual Fund has launched Kotak FMP Series 29 (370 days),...

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Deena Mehta 20 December 2010
The shareholding proposals of the Bimal Jalan committee on market infrastructure institutions are biased and not justified. The report also sidetracks corporate governance issues and the developmental role of stock exchanges   The Bimal Jalan Committee report on the ownership and governance of...

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The quality of information in emerging markets has not matched their economic growth. This will not only distort the numbers, but global markets as well Economists, financial analysts and accountants might want to think about a problem in the natural sciences. We like to think that numbers...

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Moneylife Digital Team 20 December 2010
Mumbai: Tata Chemicals (TCL) today said its UK subsidiary, Brunner Mond, has inked an agreement to acquire British Salt Ltd for 93 million pounds (about Rs656.48 crore), reports PTI. “TCL’s wholly owned subsidiary Brunner Mond, UK, has signed a binding agreement to acquire a 100% stake in...

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Moneylife Digital Team 17 December 2010
With Chinese Premier Wen Jiabaopromising to remove trade barriers to Indian goods, the Tata Group today said it is looking to expand its businesses in Asia's largest economy, which accounted for about 6 per cent of its overall turnover in the previous fiscal. "Last year, the Tata Group's...

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Moneylife Digital Team 17 December 2010
Ruias-promoted Essar Shipping Ports and Logistics Ltd said its shareholders and creditors have given nod for demerger of the company’s shipping, logistics and oilfields business into a separate entity. "... At the meeting, the equity shareholders, secured creditors and unsecured creditors of...

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Moneylife Digital Team 17 December 2010
ONGC Tripura Power Co (OTPC), a unit of Oil and Natural Gas Corporation, has signed a memorandum of understanding (MoU) with Dhaka to open up a new transport corridor through Bangladesh for transporting heavy equipment for its power plant at Tripura. Pursuant to this MoU, the Bangladesh...

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Moneylife Digital Team 17 December 2010
Pharma major Venus Remedies Ltd said it will invest $1 million to set up its research centre on ‘cell culture’ for developing patented anti-cancer injectables to raise its oncology segment’s share in total revenue to 35% in next two years. “We will set up a research centre exclusively for...

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Are the new Ulips any better than the old ones? Or do they push you from the frying plan into the fire? Raj Pradhan busts some myths    Sometime in 2007, this writer was approached by an insurance agent selling unit-linked insurance policies (ULIPs). The performance, benefits and...

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Moneylife Digital Team 17 December 2010
IDBI Mutual Fund revises exit load under Ultra Short Term Fund; NTPC may float another FPO next fiscal; JK Tyres to hike prices by up to 5% from January IDBI Mutual Fund revises exit load under Ultra Short Term Fund IDBI Mutual Fund has revised exit load structure under its scheme-IDBI...

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