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Moneylife Digital Team 06 July 2010
The pipeline, with an annual production capacity of 12 MTPA, will help the company in evacuating its increased production of iron ore to its domestic customers State-owned NMDC today said that it will invest Rs3,000 crore to set up a 12 million tonnes per annum (MTPA) pipeline in...

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Moneylife Digital Team 06 July 2010
Currently, FDI in multi-brand retail is prohibited in India. However, the government allows 51% FDI in single-brand retailing and 100% in wholesale trade Making out a strong case for opening up the multi-brand retail sector for foreign investment, the industry ministry today sought the views...

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Moneylife Digital Team 05 July 2010
Unless 17,700 on the upside or 17,300 on the downside is breached, the market is expected to remain listless The market witnessed subdued activity today on account of the 'Bharat Bandh' called by the opposition parties across the country to protest the recent fuel price hike by the government....

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Pallabika Ganguly 05 July 2010
Latest data indicates that sales have dropped due to high prices of properties in India’s IT capital The real-estate sales in the south Indian city of Bengaluru have dropped during the fourth quarter (ended March 2010) because high property prices have made apartments unaffordable to most...

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Indian auto sales are moving at a fast clip, but what is really behind this amazing growth? Percentages and statistics are funny animals. They have a very old habit of twisting themselves around to let people see what they want to show. However, there is no way anybody can in any way say that...

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Moneylife Digital Team 05 July 2010
Artson Engineering Ltd said it has received an order from Cairn Energy India Pty Ltd worth around Rs25 crore. The scope of work includes fabrication and installation of piping & equipment and also assistance for commissioning & maintenance for a period of 12 months at Mangala processing...

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Moneylife Digital Team 05 July 2010
Fiem Industries Ltd said it has performed the foundation stone laying ceremony for establishing its eighth plant at Industrial Area Tapukara, in Alwar district of Rajasthan. The company will set up facilities of injection molding and paint shop in this plant. The commercial production in the...

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Moneylife Digital Team 05 July 2010
Coimbatore-based Vijayeswari Textiles Ltd has appointed VVSSB Shankar as chief executive officer (CEO) of the company. Prior to joining this company, Mr Shankar was the managing partner of Transware engaged in mergers & acquisitions, retail strategy and management consulting. On Monday,...

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Moneylife Digital Team 05 July 2010
Chennai-based construction service provider, Consolidated Construction Consortium Ltd (CCCL), has bagged orders worth Rs1,218 crore during June 2010. The orders booked include power plants, metro rail, buildings and factories. On Monday, CCCL shares closed 2.92% up at Rs91 on the Bombay Stock...

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Moneylife Digital Team 05 July 2010
Subex Ltd, a global provider of operations and business support systems for communications service providers, has successfully completed the implementation of the revenue operations center (ROC) for fraud management for a telecommunications service provider in the United Arab Emirates. Subex's...

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Moneylife Digital Team 05 July 2010
Orchid Chemicals & Pharmaceuticals Ltd said it has received a tentative approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for its generic drug Gemifloxacin Mesylate tablets in 320 mg strength. Gemifloxacin Mesylate is an oral...

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Moneylife Digital Team 05 July 2010
Four Soft, which offers software solutions for logistics and transportation industry, has won a deal from Aries Global Logistics, a US based freight forwarding and custom brokerage company, to implement its global freight forwarding application 4S eTrans and partner in developing 4S eCustoms for...

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Sanket Dhanorkar 05 July 2010
Faced with a manpower crisis due to neglect of human resource issues, the committee led by Dr AK Khandelwal has called for an urgent realignment of HR practices in public sector banks The committee tasked with looking into the human resource (HR) issues of public sector banks (PSBs), led by...

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Moneylife Digital Team 05 July 2010
There have been many instances of domestic institutional investors pouring money into stock markets at a time when FIIs are rushing for the exit. A unique Moneylife study reveals that such startling calls of DIIs have been highly accurate It is no secret that the fortunes of the Indian stock...

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Moneylife Digital Team 03 July 2010
If the Sensex goes below 17,300, a new leg of decline will be confirmed The markets started the week on a positive note, but concerns about the pace of the global economic recovery resulted in the key benchmarks closing the week in the red for the first time in three weeks. Even the positive...

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Moneylife Digital Team 02 July 2010
While the companies did not disclose any details of the proposed merger, some brokers said that rumours are about a share-swap deal with four shares of RNRL for every one Reliance Power share Anil Ambani-led Reliance Power's (RPower) board will meet on 4th July to consider merging another group...

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Moneylife Digital Team 02 July 2010
Motilal Oswal Mutual Fund’s first product, the MOSt50, may actually deliver returns through its unique approach towards indexing, provided it doesn’t try to time the market Motilal Oswal Mutual Fund has come out with its first offering as a fund house—an open-ended exchange traded fund (ETF)...

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Moneylife Digital Team 02 July 2010
Motilal Oswal Mutual Fund’s first product, the MOSt50, may actually deliver returns through its unique approach towards indexing, provided it doesn’t try to time the market Motilal Oswal Mutual Fund has come out with its first offering as a fund house—an open-ended exchange traded fund (ETF)...

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Moneylife Digital Team 02 July 2010
TRF Ltd, a TATA Enterprise, said it received a Rs401.2 crore work order from NTPC Ltd for the power utility’s Vindhyachal super thermal power project. The scope of the work includes design, engineering, manufacture, supply, erection, testing and commissioning of coal handling plant on turnkey...

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Moneylife Digital Team 02 July 2010
Pharmaceutical company Ranbaxy Laboratories Ltd it has transferred its new drug discovery research unit (NDDR) to Daiichi Sankyo India Pharma Pvt Ltd as part of strengthening global research and development structure of the group. "The new organisation RCI, based in Gurgaon, will play a key...

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