INVESTOR INTEREST


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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Moneylife Digital Team 02 July 2010
Mumbai-based IT service company, Glodyne Technoserve Ltd said it completed the acquisition of the US-based Technology infrastructure management services (IMS) company DecisionOne Corp, for about $104 million. In a regulatory filing, Glodyne said the transaction would strengthen its position in...

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Moneylife Digital Team 02 July 2010
Torrent Power Ltd said it signed a turnkey engineering, procurement and construction (EPC) contracts with Germany-based Siemens AG, and its Indian unit Siemens Ltd, for two projects. No financial details were disclosed. The two projects are UNOSUGEN, the 382.5 MW gas based combined cycle power...

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Moneylife Digital Team 02 July 2010
Glenmark Generics Ltd said its US-based subsidiary Glenmark Generics Inc received abbreviated new drug application (ANDA) approval from Food and Drug Administration (USFDA) for its Adapalene Gel, 0.1% and it will soon commence marketing and distribution of this product in that market. Adapalene...

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Moneylife Digital Team 02 July 2010
Pipavav Shipyard Ltd said it appointed Cmde (Retd) M Jitendran, VSM as its new chief executive officer (CEO) with immediate effect, replacing Jai Prakash Rai.Mr Rai has been appointed as group CEO of SKIL Infrastructure Ltd, promoter of Pipavav Shipyard. Earlier, Cmde Jitendran was chairman and...

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Moneylife Digital Team 02 July 2010
Sun Pharmaceutical Industries Ltd said it launched its generic of Exelon, rivastigmine tartrate capsules for the US market. Earlier, the United States Food and Drug Administration (USFDA) had granted it a final abbreviated new drug application (ANDA) approval to market the product. Rivastigmine...

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Moneylife Digital Team 02 July 2010
Within days of government-owned State Bank of India extending its 8% teaser rate home loans till September, private sector giant HDFC today said that it would offer 8.25% initial interest rate till 31st August Mortgage leader HDFC today announced a new concessional rate home loan scheme, where...

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Moneylife Digital Team 02 July 2010
As suggested yesterday, the market is trading in a range with a downside bias. It will lead to a sharp decline if the Sensex closes below 17,300 The market ended marginally in the red amid a highly volatile session on the absence of any major global triggers. The indices started the day in the...

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Following the new ULIP norms and other changes mandated by the insurance regulator IRDA, insurance companies will be hard put to do IPOs even as the market starts valuing them lower Valuations of insurance companies are being redone by analysts, following the fracas between the Securities and...

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Moneylife Digital Team 02 July 2010
Its bigger competitors Jagran Prakashan and DB Corp are trading at higher prices Hindustan Media Ventures Ltd (HMVL), the publisher of Hindi daily ‘Hindustan’, is coming out with an initial public offer (IPO) on 5 July 2010. The company has fixed the price band at Rs162-Rs175 per share and...

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Moneylife Digital Team 02 July 2010
The total assets under management of the 39 fund houses in the country plunged by Rs1.27 lakh crore or 16% in June. The largest fund house, Reliance MF, witnessed a drop of 15% in its AUM to Rs1.01 lakh crore The mutual fund (MF) industry saw a sharp decline in its total assets in June—with...

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Amritha Pillay 02 July 2010
MIDC plans to invite bids for its planned 1,000MW power plant project in Maharashtra’s Chandrapur district. The corporation was earlier planning a power SEZ in this location, to ensure cheap power for the State After initially announcing plans for developing a power special economic zone (SEZ),...

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Moneylife Digital Team 02 July 2010
Developers will be unwilling to absorb this new tax burden and will pass it onto the buyers, Jones Lang LaSalle Meghraj senior vice-president for capital markets Gautam Hora said Home prices will increase by about 2.5% with the implementation of service tax on the residential segment with...

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Pallabika Ganguly 02 July 2010
The company holds 350 acres of land in its portfolio, and is adopting a strategy of selling land parcels outright rather than develop them Emerald Acres Pvt Ltd, a land bank company owned by Madhur Bajaj, vice-chairman of Bajaj Auto, is planning to enter the market in the next four months and...

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Sanket Dhanorkar 01 July 2010
The planned new US law regulating banking and financial services firms puts severe restraints on their functioning and profitability. Since Indian software companies derive most of their revenues from this segment, will it impact them? The Obama-led US administration is up in arms against the...

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