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Bullish consensus about emerging markets may cause the next bubble In 1989, Japan was caught up in one of those bubbles that pop up regularly in different decades in different countries. Property prices in Tokyo's Ginza district were valued at over $93,000 per square foot (Rs41.85 lakh per...

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SEBI’s rejection of MCX-SX’s application to start equity trading, not only stifles much-needed fresh thinking, competition and innovation, but draws attention to SEBI’s own sordid ethical standards That the Securities and Exchange Board of India (SEBI) rejected MCX Stock Exchange's (MCX-SX)...

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Moneylife Digital Team 01 October 2010
Kottayam: The Rubber Board today said it will provide financial assistance for formation of rubber producers' societies (RPSs) and self help groups (SHGs), reports PTI. The scheme is intended to develop the small holding sector, which is responsible for the lion's share of natural rubber...

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Moneylife Digital Team 01 October 2010
The market continued its winning spree for the second day with the indices scaling a 33-month high. Institutional buying and support from its regional peers supported the rally, marking a splendid start of the new month. The market opened in the positive terrain this morning, supported by cues...

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Moneylife Digital Team 01 October 2010
Jubilant Organosys Ltd, a pharmaceutical and life sciences company, said it changed its name as Jubilant Life Sciences Ltd with effect from 1st October. On Friday, Jubilant Organosys shares declined 1.7% to Rs333 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.9% to 20,445...

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Moneylife Digital Team 01 October 2010
Maruti Suzuki India (MSI) reported its highest-ever monthly sales of 108,006 units in September, translating into a 29.7% increase vis-a-vis the year-ago period. Sales in the same month last year stood at 83,306 units, MSI said in a statement. "This is the highest ever total monthly sales by...

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Moneylife Digital Team 01 October 2010
Ambuja Cements Ltd said its cement despatches increased 8.8% to 1.5 million tonnes (mt) in September 2010 compared to 1.36mt a year ago. Cement production of the company increased by 7.3% to 1.48mt in September 2010 as against 1.38mt in the same month last year, Ambuja Cements said a...

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Moneylife Digital Team 01 October 2010
Business process outsourcing (BPO) service provider Firstsource Solutions Ltd said it has signed a five-year customer service contract with Barclaycard, the UK-based credit card and loan provider. No financial details were provided. The partnership is part of Barclaycard's ongoing programme...

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Moneylife Digital Team 01 October 2010
New Delhi: The Supreme Court today stayed the order of the Madras High Court directing Sterlite Industries to close down its copper smelting plant in Tuticorin, Tamil Nadu, reports PTI. A bench comprising Justice R V Raveendran and H L Gokhale stayed operation of the order of the high court...

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Moneylife Digital Team 01 October 2010
These companies have strong underlying economic growth prospects, they are off the radar of most analysts and their stock prices have not already run up  Auto components maker Minda Industries is growing at a steady pace Delhi-based Minda Industries (MIL), the flagship company of...

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Moneylife Digital Team 01 October 2010
Bharti AXA Life Insurance unveils new brand positioning; Kotak Mahindra Bank revises base rate to 7.50% per annum; Axis, IDBI Bank up base rates HDFC Mutual Fund launches HDFC FMP 100D September 2010 (5) Bharti AXA Life Insurance unveils new brand positioning Bharti AXA Life Insurance has...

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Moneylife Digital Team 01 October 2010
New Delhi: Oil minister Murli Deora will make a pitch for Oil and Natural Gas Corporation (ONGC) buying BP Plc's Vietnam gas fields when the British energy firm's chairman, Carl-Henric Svanberg, and newly appointed chief executive, Robert Dudley, visit India next week, reports PTI. ONGC Videsh...

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Moneylife Digital Team 01 October 2010
New Delhi: The country's coffee exports surged by 60% to 2,71,859 tonnes in the 2009-10 crop year, ending September, on the back of higher production, reports PTI quoting the Coffee Board. "Higher domestic supply has driven exports. The shipments have risen to 2.71 lakh tonnes this year from...

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Many of these economies do have great potential, but investors have to understand the risks and discriminate carefully between markets The character Dorothy in the 1939 MGM classic movie, The Wizard of Oz, finds herself swept away by a tornado and dropped into a world filled with garish colours...

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Moneylife Digital Team 01 October 2010
Washington: Mukesh Ambani-led Reliance Industries (RIL) has informed the United States that it has stopped selling refined petroleum products to Iran, reports PTI quoting the US State Department. In addition to RIL, several other petrochemical companies from other countries have also assured...

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Moneylife Digital Team 01 October 2010
The Indian market is likely to open flat-to-positive today on decent global cues. The US markets took a breather on the last trading day of September, despite strong economic data in the world’s largest economy. Business activity unexpectedly rose and fewer workers filed claims for jobless...

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Moneylife Digital Team 30 September 2010
The market opened steady on unsupportive global cues. Choppy trading on the futures and options (F&O) contract expiry day saw the indices dipping in and out of the red on a couple of occasions. The weekly inflation numbers pushed the market to the day's lows but a splendid recovery at the fag...

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Moneylife Digital Team 30 September 2010
Ahluwalia Contracts (India) Ltd said it won orders worth around Rs476 crore for various civil works. The company won an order worth Rs235 crore from Logix Infratech for civil and structural works for Logix-Blossom Green residential project. It has also won an order worth Rs55.2 crore from...

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Moneylife Digital Team 30 September 2010
Drug maker Sun Pharmaceutical Industries Ltd said it received an approval for its abbreviated new drug application  (ANDA) from the US health regulator to sell a generic version of Crestor tablets, used in the treatment of various heart diseases, in the American market. The company's US...

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Moneylife Digital Team 30 September 2010
ADF Foods Ltd, provider of packaged Indian foods said it will ink an agreement to acquire assets of US-based Elena's Food Specialties Inc. Elena's is a US-based manufacturer and marketer of organic and natural products and a provider of protein-based Mexican foods in the natural and organic...

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