INVESTOR INTEREST


Another short-term dip may start soon The short-term top when the recent market decline started on 15th April has not been scaled still. Two weeks ago, I had suggested that “the only silver lining is that pessimism about global economy is running deep. This always sets the stage for a snapback...

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Moneylife Digital Team 26 June 2010
Decline may start if the Sensex cannot cross 18,000 in the next few days The domestic market ended almost flat on a weekly basis. The week started with a strong gain taking cues from the Asian markets which was on a high on the Chinese government's decision of freeing the Chinese currency....

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Moneylife Digital Team 25 June 2010
But bears are swiping again and the bulls are beginning to look tired The market witnessed a subdued trading session today on dismal global cues but oil & gas stocks gained on the news of the government's decision to decontrol petrol prices. The Sensex closed at 17,574, down by 155 points...

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Moneylife Digital Team 25 June 2010
Valuations of most sectors have jumped substantially during the past financial year, but operating growth has failed to justify the rise During the financial year 2009-10, several sectors of the economy rebounded from the downturn brought about by the financial crisis of 2008. While this...

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Pallabika Ganguly 25 June 2010
The State is planning a single-window clearance for different housing projects, similar to the facility already in place for slum rehabilitation projects The State government is planning to create a single-window clearance for different projects like cluster development and affordable housing,...

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Amritha Pillay 25 June 2010
IL&FS Private Equity plans to take its current infrastructure investment of $660 million to close to $1 billion by the end of this financial year. The fund company is looking for a number of deals both in the infrastructure and real-estate space IL&FS Private Equity plans to take investments in...

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Moneylife Digital Team 25 June 2010
HN Sinor, chief executive of mutual fund body AMFI, feels that the industry will go through a rough patch for at least six more months Now that the finance ministry has granted the Insurance Regulatory and Development Authority (IRDA) regulatory supervision over Unit-linked Insurance Plans...

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Moneylife Digital Team 25 June 2010
HN Sinor, chief executive of mutual fund body AMFI, feels that the industry will go through a rough patch for at least six more months Now that the finance ministry has granted the Insurance Regulatory and Development Authority (IRDA) regulatory supervision over Unit-linked Insurance Plans...

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Moneylife Digital Team 25 June 2010
Operators are expected to launch their 3G services in the first quarter of next year The government today said it would allot third generation (3G) spectrum to successful bidders on 1st September, and rejected the criticism of faulty auction process leading to high prices by leading operators,...

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Moneylife Digital Team 25 June 2010
ACI Infocom Limited (Rs18) ACI Infocom mainly distributes IT hardware products. It also focuses on delivering IT and telecom solutions & services. In the December 2008 quarter, the company posted sales of Rs4.30 crore and an operating profit of Rs27 lakh. But, surprisingly, in the March...

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Moneylife Digital Team 25 June 2010
Suzlon Energy Ltd said its  China-based subsidiary Suzlon Energy (Tianjin) Ltd  won a 48.3MW order from a wind power producer. No financial details were provided. The contract includes 23 sets of S88 (LTV-50Hz) turbines with a rated power of 2.1 MW. The turbines will be delivered in FY 2010-11...

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Moneylife Digital Team 25 June 2010
Bangalore-based GMR Infrastructure Ltd said its consortium with Malaysia Airports Holdings Berhad (MAHB) won a bid to build, operate, modernise and expand the Male International Airport (MIA) in Maldives. No financial details were provided. MIA includes the sea-plane port. The mandate is for...

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Moneylife Digital Team 25 June 2010
Mobile Tele Communications Ltd said it signed an agreement with Israel-based remote video monitoring and surveillance (RVMaS) services provider NeoVSP  to launch the video surveillance service in India.   No financial details were provided but Mobile Tele said it expects to connect 1 lakh...

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Moneylife Digital Team 25 June 2010
MIC Electronics Ltd said it entered in partnership with Indian Oil Corporation Ltd (IOC) for study and development of combined solar and light-emitting diode (LED) light source based products as well as projects for foray into green and energy efficient technologies. No financial details were...

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Moneylife Digital Team 25 June 2010
Hindustan Construction Company Ltd (HCC) said it received a letter of award from Himachal Pradesh Power Corporation of India Ltd for execution of engineering, procurement and construction (EPC) work for 100 MW Sainj hydroelectric project in Kullu. The contract, worth Rs431 crore, is to be...

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Moneylife Digital Team 25 June 2010
While R-Infra in a booklet distributed to its consumers claimed that Tata Power is planning to make Rs1,200 crore at the cost of Mumbai consumers by diverting the electricity produced for Mumbai to areas outside the metropolis, the latter stated that R-Infra is trying to restrain its consumers...

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Pallabika Ganguly 25 June 2010
Latest data shows that developers are finding it difficult to sell high-priced properties The residential apartment business turnover index of the Mumbai Metropolitan Region (MMR) has come down by half in the fourth quarter (ended in March 2010) of the last fiscal compared to the second quarter...

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Moneylife Digital Team 24 June 2010
The uptrend is not broken but the market is finding it tough to head higher. The Sensex has to close above 17,900 over the next few days The market closed a choppy trading session on a flat note. The Sensex settled at 17,730, down 25 points (0.1%) and the Nifty closed at 5,320, down 2.5 points...

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Moneylife Digital Team 24 June 2010
Surya Pharmaceutical Ltd has started commercial production at its Jammu plant. At this plant, the company has created the capacity to manufacture active pharmaceutical ingredients (APIs) and sterile products as per US Food and Drug Administration (USFDA) norms for catering to regulated...

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Moneylife Digital Team 24 June 2010
CCL Products (India) Ltd has said that it has re-appointed Chalia Srishant as the executive director of the company for a period of five years subject to the approval of the members at their general meeting. On Thursday, CCL Products shares ended 1.33% up at Rs206 on the Bombay Stock...

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