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Moneylife Digital Team 09 November 2010
New Delhi: Tea exports from India increased by 5% during the January-September period of the current year to 143.5 million kg, from 136.6 million kg in the corresponding period last year, reports PTI. According to Tea Board data, both south and north India bettered their tally to the export...

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Munira Dongre 09 November 2010
Jubilant has been one of the top 10 performing IPOs of this year. However, in its latest report to institutional investors, Kotak says that it is not comfortable with its valuations. Incidentally, JFL shares hit an all-time high yesterday In a report dated 8 November 2010, Kotak told its...

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Moneylife Digital Team 09 November 2010
New Delhi: The National Stock Exchange (NSE) today said it has started mobile trading for registered clients, a move that would make trading simpler for the customers, reports PTI. The service will enable member brokers to only go through the regular compliance before facilitating their clients...

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Munira Dongre 09 November 2010
With the earnings season almost behind us, CLSA is one of the first to come out with a strategy report. It says India Inc is moving out of the early stage of the growth cycle and that with a sharp rise in working capital and pickup in capex, free cash flow is getting squeezed In its report to...

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Moneylife Digital Team 09 November 2010
The Indian market is likely to see a tepid opening today on unsupportive global cues. Markets in the US ended lower on renewed concerns over the European debt issues, threatening to derail the economic recovery. The declined was also weighed down by the strengthening dollar against other key...

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Moneylife Digital Team 08 November 2010
New Delhi: The State Bank of India (SBI), the country's largest lender, today reported a 22.2% decline in consolidated net profit to Rs2,437.10 crore for the second quarter ended 30 September 2010. The Bank had a net profit of Rs 3,133.10 crore in the year-ago period, it said in a statement to...

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Moneylife Digital Team 08 November 2010
Despite the BSE clearing the listing of the stock in July last year, SEBI has not yet given its nod and has not shed any light on the matter to the worried investors It has been a long ordeal for investors in Raheja group promoted Innovassynth Investments Limited (IIL), a company that is still...

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Debashis Basu  and   Sanket Dhanorkar 08 November 2010
Even as equity markets and gold have enjoyed a similar rally since March this year, investors have shown much more appetite for the allure of gold ETFs than equity mutual funds It is a tale of two asset classes that have evinced contrasting interest from investors. Both equities and gold have...

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Moneylife Digital Team 08 November 2010
Fund companies are now becoming increasingly vocal about the maelstrom unleashed by SEBI’s regulatory moves. But do they need to look at their own actions and flawed business models too? After putting up a brave face for most part of the year about the market regulator's frequent changes, fund...

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Moneylife Digital Team 08 November 2010
New Delhi: India and the US are considering setting up a $10 billion infrastructure debt fund under the public-private-partnership mode to expedite investments in the infrastructure sector, reports PTI quoting commerce and industry minister Anand Sharma. The debt fund has been mooted by the...

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Moneylife Digital Team 08 November 2010
Chennai: The Japanese government has proposed to construct an industrial corridor in south India and a senior official would visit here this month for signing a memorandum of understanding (MoU), reports PTI quoting Hiroshima Prefecture governor Hidehiko Yuzaki. "The Japanese government is...

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Moneylife Digital Team 08 November 2010
The festive euphoria last week, which saw the Indian market touching fresh closing highs on Thursday and in the brief 'Mahurat' trading session on Friday, marking the beginning of the Hindu accounting year, ended today as the key benchmarks ended lower today. The market opened in the green this...

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Moneylife Digital Team 08 November 2010
First Leasing Co of India Ltd said its net profit for the September 2010 quarter rose 2.9% to Rs9.2 crore from Rs8.9 crore same quarter last year. Its total revenues for the September quarter 2010 declined 10.03% to Rs43.7 crore from Rs48.6 crore, First Leasing said in a regulatory filing. On...

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Moneylife Digital Team 08 November 2010
Bhubaneswar-based ARSS Infrastructure Projects Ltd said its net profit for the September 2010 quarter jumped 205.6% to Rs16.7 crore from Rs11.3 crore in the same quarter last year. During the September 2010 quarter, its net sales increased by nearly 206% to Rs200.7 crore from Rs115.9 crore.

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Moneylife Digital Team 08 November 2010
Jubilant Foodworks India Ltd said its net profit for the September quarter zoomed 137.3% to Rs18.4 crore from Rs7.8 crore last year. Its total revenues for the September 2010 quarter rose 67% to Rs163.4 crore from Rs97.8 crore, Jubilant Foodworks said in a statement. At present, the...

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Moneylife Digital Team 08 November 2010
Jain Irrigation Systems Ltd said its standalone net profit for the September 2010 quarter rose 45.7% to Rs62 crore from Rs42.6 crore previous year. Its total revenues increased 14% to Rs641.1 crore from Rs562.6 crore, Jain Irrigation said in a regulatory filing. On Monday, Jain Irrigation...

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Moneylife Digital Team 08 November 2010
HCL Technologies Ltd said it signed a deal with Australia-based independent clinical research organisation, Novotech for implementing Oracle's Siebel Clinical Trial Management System (CTMS) over the next few months. No financial details were provided. The Siebel CTMS will support Novotech's...

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Moneylife Digital Team 08 November 2010
Drug firm Glenmark Pharmaceuticals Ltd said it successfully completed phase-III trials of Crofelemer, its anti-diarrheal drug used for HIV associated diarrhea. The completion of the Phase-III trial was announced in the US by Glenmark's partners Napo Pharmaceuticals and Salix Pharmaceuticals,...

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Moneylife Digital Team 08 November 2010
Stories of market manipulation Vax Housing Finance Corporation (Rs72) This is a company engaged in investment and trading in securities. Between 2 July 2010 and 11 October 2010, the stock has soared 583%. In the March 2009 quarter, Vax Housing’s sales were Rs10 lakh, while operating...

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Moneylife Digital Team 08 November 2010
New Delhi: The Supreme Court today issued notices to Anil Dhirubhai Ambani (ADA) group company Reliance Power (RPower) and the Centre over Tata Power's plea opposing government's approval to the ADA group firm for diverting coal meant for its Sasan ultra mega power project to other projects,...

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