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Moneylife Digital Team 10 November 2010
The indices witnessed another choppy session on the lack of any positive trigger. Quarterly results of Indian companies were mixed, as a result of which investors chose to wait and watch before making any fresh move. The market opened lower today, tracking unsupportive global cues. Volatility...

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Moneylife Digital Team 10 November 2010
The company plans to spend between Rs2,500 crore to Rs3,000 crore towards capital expenditure. It also plans to introduce new product lines and improve volumes Tata Motors on Tuesday reported a massive 102-fold jump in its consolidated net profit for the second quarter ended 30th September at...

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Moneylife Digital Team 10 November 2010
Kotak Mahindra Bank hikes term deposit rates by up 25 bps; UTI Mastershare declares 24th consecutive dividend; SBI Life launches SMS-based customer care services; BNP Paribas MF launches BNP Paribas Fixed Term Fund-Series 19 D; IDFC Mutual Fund unveils IDFC Fixed Maturity Plan-Half Yearly Series 12;...

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Moneylife Digital Team 10 November 2010
New Delhi: The Comptroller and Auditor General of India (CAG) today said it has submitted to the government the report on the second generation (2G) spectrum allotment that may have caused a loss of over Rs1.76 lakh crore to the exchequer, reports PTI. “Yes, we have submitted the final report...

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Munira Dongre 10 November 2010
Opinions seem divided — while some believe the dip is a buying opportunity, others remain firmly negative CLSA said, "SBI's healthy operating profit growth once again failed to feed through to net profit level as loan loss provisions continued to rise because of which net profit has been around...

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Moneylife Digital Team 10 November 2010
New Delhi: Sitting on a good amount of cash flows, Bharti Airtel today said it will consider prepaying up to $900 million of the debt it raised while acquiring African operations of Zain telecom in June this year, reports PTI. The company is looking at prepaying a part of the debt. It...

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Moneylife Digital Team 10 November 2010
New Delhi: Amid sharp criticism over high interest rates, India's microfinance veterans have said that cheaper sources of funding can further bring down the rates charged by microfinance institutions, reports PTI. “Interest rates are an issue that concerns the entire industry, which is...

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Moneylife Digital Team 10 November 2010
New Delhi: Domestic passenger car sales jumped by 37.99% to 1,82,992 units in October compared to 1,32,615 units in the same month last year, reports PTI. According to the figures released by the Society of Indian Automobile Manufacturers (SIAM) today, motorcycle sales in the country during the...

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Moneylife Digital Team 10 November 2010
New Delhi: With stiff competition at home and the increased tax rate in its newly acquired entity in Africa, leading private telecom operator Bharti Airtel today reported a 26.53% dip in its net profit for the second quarter ending 30th September, at Rs1,661.2 crore, reports PTI. Bharti's...

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Companies Bill to be tabled in budget session 10 November 2010
New Delhi: The government today said that it would not be able to table the new Companies Bill that was expected to be enacted by the end of this year, in the winter session of Parliament, reports PTI. Failing to meet the earlier deadline of tabling the Companies Bill 2009 in the winter...

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Moneylife Digital Team 10 November 2010
The Indian market is likely to see a cautious opening today on mixed global cues. Wall Street closed lower for the second straight day on Tuesday as marketmen raised doubts about the viability about the Federal Reserve stimulus announced last week. The Asian pack was mixed in early trade as the...

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Moneylife Digital Team 09 November 2010
New Delhi: Stock of foodgrains in government godowns was "practically double" the buffer norms, food minister Sharad Pawar today said, but maintained that responsibility of distribution to poor lay with the states, reports PTI. "Our warehouses are full. As per buffer norms we have practically...

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Moneylife Digital Team 09 November 2010
The trading session, which started weak this morning, witnessed fair bit of choppiness wherein the indices moved in and out of the red amid range-bound trading. The market settled higher on buying support in post-noon trade. The local market opened lower tracking the weakness in the global...

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Moneylife Digital Team 09 November 2010
New Delhi: Enthused by an overwhelming response to its debut paper for retail investors, State Bank of India (SBI) plans to come out with another retail bond issue worth Rs1,000 crore in the next two months, reports PTI. "We are planning for (retail bond issue) January. It would be in the range...

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Moneylife Digital Team 09 November 2010
New Delhi: The government today said it has sought $2.96 billion (over Rs13,000 crore) assistance from the World Bank (WB) for converting 3,770 km of single-lane national highways into double lanes, reports PTI. "The tentative time for completion of these stretches is up to year 2014," minister...

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Moneylife Digital Team 09 November 2010
New Delhi: The role of foreign investors in the Indian capital market is gaining significant momentum as foreign stake in Indian companies has shown a sharp upturn in the quarter ended 30th September, which saw net inflows of $12 billion, reports PTI. According to an analysis of BSE500...

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Moneylife Digital Team 09 November 2010
Tata DOCOMO said it launched its 3G services on mobile phones in Rajasthan telecom circle. "Our 3G services will enable richer communication through video calls and SMSes will add the advantage of adding mobility to the power of the Internet, and will enable millions to start accessing the...

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Moneylife Digital Team 09 November 2010
Automaker Eicher Motors Ltd reported a rise of 41.1% in its net profit to Rs38.7 crore for the September 2010 quarter. The company had recorded a net profit of Rs27.4 crore in the same period last fiscal, Eicher Motors said in a statement. It recorded net sales of Rs1,091.6 crore in the...

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Moneylife Digital Team 09 November 2010
Hyderabad-based SKS Microfinance Ltd reported 116% growth in net profit at Rs80.6 crore for the September quarter compared to Rs37.4 crore in the previous year. Its total revenues rose sharply to Rs366.6 crore as against Rs207.5 crore, the company said in a statement. On Tuesday, SKS...

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Moneylife Digital Team 09 November 2010
State Bank of India (SBI) is planning to buy a second bank in Indonesia. The state-run lender, which had acquired a bank in Indonesia in 2006, has already shortlisted two or three banks. The Indonesian bank will  be bought over through its unit PT Bank SBI Indonesia at a cost of $100 million.

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