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Moneylife Digital Team 02 November 2010
Infrastructure company, Marg Ltd said it signed a memorandum of understanding (MoU) with Spain-based PYCSA Infraestructuras SL to develop urban and rural infrastructure projects. The companies will create a special purpose vehicle to bid for projects. No financial details were provided. With...

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Moneylife Digital Team 02 November 2010
Pharma company Lupin Ltd said its US subsidiary Lupin Pharmaceuticals Inc received US Food and Drug Administration (USFDA) approval for its Suprax (Cefixime) chewable tablets of 100mg, 150mg and 200mg strength. Suprax is a drug to treat urinary tract infections in children, the company said...

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Moneylife Digital Team 02 November 2010
Power utility JSW Energy Ltd said it received approval from its board to develop a 660MW power plant at Vijayanagar in Karnataka at an estimated cost of Rs3,300 crore. The project will be funded with a debt-equity ratio of 3:1, JSW Energy said in a statement. The company also received board...

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Moneylife Digital Team 02 November 2010
Aluminium manufacturer National Aluminium Co Ltd (NALCO) reported a 40% increase in net profit for the second quarter ended September 2010 on higher sales. For the quarter to end-September, the aluminium producer reported a net profit of Rs224 crore from Rs159.5 crore same quarter last year.

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Moneylife Digital Team 02 November 2010
The Indian market ended its two-day winning streak today amid a highly volatile session. The Reserve Bank of India's (RBI) policy announcement weighed down realty and oil & gas stocks resulting in the market paring gains clocked earlier in the session and closing flat with a negative bias. The...

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Moneylife Digital Team 02 November 2010
L&T Mutual Fund unveils L&T FMP-II (November12M A); Principal MF revises Principal Child Benefit-Career Builder Plan; CRISIL assigns highest grading to SBI Mutual Fund schemes; Tata Fund converts Tata Indo-Global Infrastructure Fund into open-ended scheme L&T Mutual Fund unveils L&T FMP-II...

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Moneylife Digital Team 02 November 2010
New Delhi: British energy firm BG Group Plc plans to invest $500 million over next five years in its oil and gas business in India, reports PTI quoting the company's India head Walter Simpson. "We are looking at both upstream and downstream opportunities for expansion in India," he said on the...

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Munira Dongre 02 November 2010
The average 15% y-o-y rise in October dispatches is a positive surprise. However, a lot of brokerages still maintain that there is more pain ahead for cement  ACC reported a 14% rise in sales for October to 1.92 million tonnes (MT). During January-October, both ACC's sales and production...

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Moneylife Digital Team 02 November 2010
Mumbai: Gold jewellery sales is likely to increase by up to 15% during Dhanteras compared to last year, as prices have steadied, reports PTI quoting industry experts. "We are expecting about 10%-15% growth in jewellery sales during Dhanteras compared to last year, as footfalls have increased....

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R Balakrishnan on saving  and   investing prudently 02 November 2010
Why should all money managers be paid uniformly, irrespective of their performance? Money management is a glamorous but narrow field. There are about 35 fund houses, a dozen-odd insurance companies and a few hundred licensed portfolio managers. In addition, we have thousands of ‘investment...

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Moneylife Digital Team 02 November 2010
The local market is likely to open on a cautious note as the Reserve Bank of India (RBI) is set to announce its mid-term monetary policy review today. This apart, the US Federal Reserve will announce fresh stimulus measures on Wednesday to prop up sagging economy, weighed down by rising...

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Moneylife Digital Team 01 November 2010
Market participants struggling under SEBI’s autocratic rules have been left smarting as the market regulator proposes unprecedented doubling of salary for its employees with retrospective effect Market regulator Securities and Exchange Board of India (SEBI) has proposed to almost double the...

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Moneylife Digital Team 01 November 2010
Adding to the last-minute gains of Friday, the market opened higher this morning on positive economic data from across the region but a technical snag on the Bombay Stock Exchange (BSE) forced the bourse to close trading from 12 noon till 2.30pm. However, unfazed by the development, the market...

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Moneylife Digital Team 01 November 2010
New Delhi: Projecting a growth of 40% in India's oil demand in next decade, prime minister Manmohan Singh today stressed on securing energy supplies at affordable prices to meet requirement of rapidly expanding economy, reports PTI. "India needs adequate supplies of energy at affordable prices...

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Moneylife Digital Team 01 November 2010
New Delhi: An Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is likely to meet on 10th November to decide on allocating natural gas from fields like Reliance Industries' KG-D6 to six upcoming power plants, reports PTI. "The EGoM was previously scheduled to meet...

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Moneylife Digital Team 01 November 2010
Singapore: Qatar is negotiating to supply four to five million tonnes per annum of liquefied natural gas (LNG) to India, reports PTI quoting the emirate's deputy prime minister Abdulla Bin Hamad Al-Attiyah. The additional LNG would be for the Tamil Nadu market through a LNG receiving terminal...

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During times of uncertainty banks do not want to lend and consumers do not want to borrow. Increasing liquidity does not necessarily result in increasing demand All of our great and good leaders like to exercise power. The greatest power is economic power and as such governments are drawn to...

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Moneylife Digital Team 01 November 2010
Bajaj Allianz Life Insurance said its net profit increased 91% to Rs369 crore for the September 2010 quarter from Rs193 crore during the same period last year. The company has cited reduction in fixed expenses and growth in assets under management (AUM) as the reasons for this rise. During...

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Moneylife Digital Team 01 November 2010
DQ Entertainment (International) Ltd said it signed two equity and distribution co-production agreements with Indonesia's PT MetropolitanTelevision (B-Channel) for its 3D TV series, 'The Jungle Book' and 'The New Adventures of Peter Pan', a 3D stereoscopic TV series. B Channel will...

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Moneylife Digital Team 01 November 2010
Eros International Media Ltd said it bought worldwide rights of Excel Entertainment's forthcoming Hindu movies - Zoya Akhtar's Zindagi Na Milegi Dobara and Abhinay Deo's Game for an undisclosed amount. The company expects to release the movies in 2011.  | With Zindagi Na Milegi Dobara a road...

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