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Moneylife Digital Team 07 September 2010
MSI introduces F-series laptops in India; IDBI Federal launches Wealthsurance Milestone Plan; Cholamandalam launches e-policy; Tata MF introduces Tata Fixed Maturity Plan Series 27-Scheme B; IDBI Mutual Fund files offer document with SEBI to launch IDBI Monthly Income Plan; HDFC launches Dual Rate...

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Moneylife Digital Team 07 September 2010
With interest rates inching up, fixed maturity plans, now better regulated, are back in vogue Due to high inflation, the government has adopted a mildly hawkish monetary stance as a part of its exit from the monetary stimulus extended earlier. Interest rates are expected to inch up...

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Moneylife Digital Team 07 September 2010
Mumbai: There has been a steady deterioration in asset quality of banks in the last two years on account of heavy stress in credit card and personal loan product segments, reports PTI quoting a top banking industry official. "In the last two years, there has been a sharp deterioration in the...

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Munira Dongre 07 September 2010
What’s buzzing in these stocks right now Shree Ashtavinayak Cinevision Ltd: The stock is buzzing as the release date of Dabangg, an upcoming Hindi action film, is coming close (10th September). The film has been co-produced by Shree Ashtavinayak. Many are betting on Dabangg being a huge hit...

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Moneylife Digital Team 07 September 2010
New Delhi: Banking operations have been partially affected as employees of left-leaning unions went on day-long strike today to protest against the disinvestment policy of the government and the price rise, reports PTI. About five lakh members of the All-India Banks Employees' Association...

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Moneylife Digital Team 07 September 2010
Mumbai: Amidst debate over high compensations offered to bank executives, Reserve Bank of India (RBI) governor D Subbarao today made a strong case for increasing the compensatory packages of public sector bank (PSB) officials, reports PTI. "There is a good reason to revise their (PSB...

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Moneylife Digital Team 07 September 2010
New Delhi, Sep 7 (PTI) Employers in India are planning to hire at a robust pace in the next three months and public administration, education and services sectors are expected to see strong recruitment trends, reports PTI. Globally, India is the most optimistic in terms of recruitment...

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Moneylife Digital Team 07 September 2010
Kolkata: The investigation by the Serious Fraud Investigation Office (SFIO) into the alleged financial irregularities to the tune of Rs1,000 crore by metallurgical coking coal producer Austral Coke and Projects is likely to be completed by January, 2011, reports PTI. "The investigation is...

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Moneylife Digital Team 07 September 2010
New Delhi: RPG Group company, KEC International, today said that it would acquire US-based SAE Towers Holdings for $95 million, reports PTI. "KEC International's board has approved the proposal to acquire US-based SAE Towers Holdings, a limited liability company and its subsidiary companies...

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Moneylife Digital Team 07 September 2010
Hyderabad: Telecom watchdog, Telecom Regulatory Authority of India (TRAI) will issue guidelines that would address the problem of unsolicited mobile calls and SMSs later this month, reports PTI. "We have held consultations on that (unsolicited calls and messaging). We issued a consultation...

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R Balakrishnan on saving  and   investing prudently 06 September 2010
The market is riding high on optimism. It’s time to be cautious It is interesting to view the big debate on our markets in the context of the ‘expected’ doom that is being forecast for the American markets. And, just to put it in perspective, the doom prediction is also a forecast from someone...

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Moneylife Digital Team 06 September 2010
Kolkata: The country's largest lender State Bank of India (SBI) might continue with its 8% concessional home loan rate even after September, reports PTI quoting a top official of the bank. "Eight per cent rates is a viable proposition and there is no reason why it should not continue," managing...

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Sanket Dhanorkar 06 September 2010
In a blatant violation of SEBI regulations, promoters diluted stake in the company without seeking shareholder approval and in violation of the SEBI takeover code; shares were offloaded to entities acting in concert, jacking up share prices amid a flurry of announcements In another exhibition of...

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Moneylife Digital Team 06 September 2010
Magnum Ventures Ltd, formerly known as Magnum Papers Ltd, said it appointed Ravi Shanker Tiwari as its company secretary and compliance officer with effect from 1 September 2010. On Monday, Magnum Ventures shares declined 1% to Rs11 on Bombay Stock Exchange, while the benchmark Sensex gained...

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Moneylife Digital Team 06 September 2010
Unity Infraprojects Ltd said it received a project order worth Rs74.5 crore from the Indian Institute of Technology (IIT) Bombay. The project work includes construction of hostel buildings including internal services like public health, electrical, fire fighting and elevators at IIT premises...

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Moneylife Digital Team 06 September 2010
Opto Circuits (India) Ltd, a healthcare equipment manufacturer, said its subsidiary received a clearance from the US Food & Drug Administration (FDA) for its new modular patient monitoring system - eVision 9100. The certification enables its unit Criticare Systems Inc to sell eVision 9100 in...

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Moneylife Digital Team 06 September 2010
Milk and milk products producer Anik Industries Ltd registered net profit of Rs11.1 crore for the year ended March 2010, a rise of 2.8%, as compared to Rs10.8 crore during the previous year ended March 2009. Its total revenues rose 19.9% to Rs1,223.3 crore in the year ended March 2010 as...

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Moneylife Digital Team 06 September 2010
Garments manufacturer and exporter Koutons Retail India Ltd said its net profit for the first quarter stood at Rs5.5 crore, a fall of 50%, as compared to Rs11 crore in the same quarter last year. During the June 2010 quarter, its total revenues decreased to Rs161.5 crore, a decline of 20%,...

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Moneylife Digital Team 06 September 2010
Tata group's retail company Trent Ltd said Anil Dhirubhai Ambani-group unit Reliance Capital Trustee bought 8.68% stake in the company for Rs21.2 crore. Trent, in a filing to the Bombay Stock Exchange (BSE), said Reliance Capital Trustee purchased 386,582 shares through a rights subscription...

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Moneylife Digital Team 06 September 2010
New Delhi: The total volume of government securities traded during the first quarter of this fiscal went up by almost 18% to Rs21,72,022 crore due to growth in securities transacted outright, especially dated papers, reports PTI. During the last quarter of 2009-10, the total volume of...

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