INVESTOR INTEREST


Standard Chartered Bank (Stanchart) of the UK is in line to become the first issuer of Indian Depository Receipts (IDRs) after it obtained a green signal for its fund raising from the Reserve Bank of India (RBI). Stanchart will now file a prospectus with the Securities and Exchange Board of...

Read More



Mutual funds to be sold by broker-demat route? In a move that fund companies say will change the mutual fund distribution game, the Securities and Exchange Board of India (SEBI) is likely to ensure that mutual funds are sold by stockbrokers off their trading screens. The fund units will be...

Read More



Moneylife Digital Team 16 July 2010
The company said it has begun intimating customers, who had retained their booking but are not among first one lakh, that their cars are coming up for delivery albeit at higher prices Tata Motors today said it will raise the prices of its small car Nano by up to 4% after it completes the...

Read More



Moneylife Digital Team 16 July 2010
If the Sensex falls below 17,850, a new downturn may start The market witnessed a range-bound session on the last trading day of the week. The Sensex was at 17,955, up 46 points (0.2%) at the end of the day and the Nifty closed at 5,393, up 15 points (0.3%). The indices were volatile in the...

Read More



Moneylife Digital Team 16 July 2010
The order came over a plea filed by TTSL challenging a disconnection notice issued by BSNL last month, over alleged wrong routing of international calls on the PSU's network without having Caller Line Identification for the AP circle The Telecom Disputes Settlement and Appellate Tribunal...

Read More



Moneylife Digital Team 16 July 2010
Kolkata-based McNally Bharat Engineering Co Ltd said it received orders, worth Rs39 crore, from Marg Ltd. The scope of work includes design, supply, erection, commissioning & testing of two stacker cum reclaimers. The schedule time for completion is 15 months, it said in a regulatory...

Read More



Moneylife Digital Team 16 July 2010
Petronet LNG Ltd said it appointed Dr AK Balyan as its managing director and chief financial officer (CFO). On Friday, Petronet LNG shares gained 0.7% to Rs81 on the Bombay Stock Exchange, while the Sensex ended at 0.3% up at 17,955 points.

Read More



Moneylife Digital Team 16 July 2010
IL&FS Transportation Networks Ltd said its consortium with Ramky Infrastructure Ltd received a letter of award (LoA) by the National Highways Authority of India (NHAI) for four laning of Jorabat-Shillong (Barapani) section of NH 40 in Assam and Meghalaya. The project is on annuity basis with a...

Read More



Moneylife Digital Team 16 July 2010
Chambal Fertilisers & Chemicals Ltd reported a first quarter net profit of Rs63.7 crore compared to Rs55.3crore for the quarter ended June 2009. During the period its total revenues increased to Rs975.7 crore from Rs790.34 crore for the same quarter a year ago. On Friday, Chambal Fertilisers...

Read More



Moneylife Digital Team 16 July 2010
Cera Sanitaryware Ltd reported a full year net profit of Rs19.6 crore compared to Rs13.1 crore a year ago. During the year to end-March, Cera Sanitaryware’s total revenues increased to Rs191.4 crore from Rs159.5 crore for the year ended 31 March 2009, it said in a regulatory filing to Bombay...

Read More



Moneylife Digital Team 16 July 2010
Honeywell Automation India Ltd said its second quarter net profit declined to Rs22.9 crore from Rs31.9 crore same period a year ago. The company’s total revenues, including other operating revenues, increased to Rs335.93 crore from Rs294.78 crore for the quarter ended 30 June 2009. On Friday,...

Read More



Moneylife Digital Team 16 July 2010
Mumbai-based Supreme Industries Ltd said its first quarter net profit rose to Rs144.8 crore from Rs97.4 crore a year ago. During the first quarter to end-June, its total revenues increased to Rs2,014.9 crore from Rs1,656 crore same period previous year, Supreme Industries said in a regulatory...

Read More



Moneylife Digital Team 16 July 2010
Sun Pharmaceutical Industries Ltd said it received abbreviated new drug application (ANDA) approval from US Food and Drug Administration (USFDA) for  generic version of Flomax, tamsulosin capsules to sell it in the US. Tamsulosin hydrochloride capsules are used in the treatment of the benign...

Read More



Moneylife Digital Team 16 July 2010
Bharti Airtel, the number one GSM operator, added three million new users in June while rival Vodafone Essar added 2.71 million subscribers during the month Indian GSM telecom operators added 12.29 million new subscribers in the month of June, taking the all-India GSM cellular subscriber base...

Read More



Munira Dongre 16 July 2010
Shares of IDBI Bank, Indian Bank, UCO Bank, Dena Bank and Vijaya Bank are moving higher in a gallop. Is it just the capital infusion by the government or something else? A lot of smaller banks seem to be in a tearing hurry to make new highs or recapture old ones. Among these are IDBI Bank,...

Read More



Amritha Pillay 16 July 2010
Cement prices in the southern region have taken the biggest hit. Analysts expect prices in the northern and eastern regions also to come under pressure. However, industry players remain positive Cement prices across various regions in India are currently under pressure. The southern region has...

Read More



Moneylife Digital Team 16 July 2010
Over the past week, the ML Real Estate Index has shot up by 7%. Analysts attribute mixed reasons for this upward movement. Talks on the relaxation of FDI norms, coupled with realty stocks being laggards in the recent rally, may have led to this speculative up-move Big real-estate players like...

Read More



Moneylife Digital Team 16 July 2010
The apex court dismissed the company’s plea for lifting the 7-year ban from accessing the market, which was imposed by SEBI last November following irregularities in the company's IPO in 2006 The Supreme Court (SC) today dismissed a petition by Madras-based entertainment company, Pyramid...

Read More



Moneylife Digital Team 16 July 2010
The pension regulator has suddenly initiated a consultation process with market participants for the formation of new administrative guidelines for the New Pension Scheme. Does it set the stage for a makeover of the NPS? After the mutual fund and insurance regulators have done their bit for...

Read More

Free Helpline
Legal Credit
Feedback