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Moneylife Digital Team 25 August 2010
Washington: The US has offered to India and China its full expertise and technical knowhow to exploit the full potential of shale gas to reduce dependence on foreign oil and move towards its goal of energy independence, reports PTI. As such the Obama administration has proposed do a resource...

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Moneylife Digital Team 24 August 2010
Belying the market’s expectations, corporate India churned out disappointing numbers for the June quarter Most of corporate India has by now announced its financial performance for the quarter ended 30 June 2010. Through the last two months of results announcements, the market has climbed 4% to...

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Moneylife Digital Team 24 August 2010
New Delhi: The industry ministry today suggested that local pharmaceutical makers should be allowed to produce patented drugs to check medicine prices in wake of acquisition of Indian companies by multinational firms. The ministry also suggested putting restriction on foreign direct investment...

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Moneylife Digital Team 24 August 2010
This is the first time that a regulator is planning to keep an eye on players in an industry by accessing their systems The Insurance Regulatory and Development Authority (IRDA) chairman J Hari Narayan has said that the regulator is designing a method that would allow it to access various...

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 GlaxoSmithKline Consumer Healthcare (up 3%) posted 14% growth in sales as well as operating profit in the June quarter over the year-ago period Gainers: Oriental Bank of Commerce (OBC) (up 10%) posted growth of 18% and 59% in revenue and operating profit in the June quarter over the year-ago...

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HDFC Bank (up 3%) plans to open 250 new branches across the country in the next two years Gainers: Cairn India (up 6%) has posted excellent June quarter performance. Its sales and operating profit were up 310% and 467%, respectively, in the reporting quarter over the year-ago period. Cairn is...

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ONGC (down 1%) posted a decline of 8% and 14% in sales and operating profit, weighed down by higher subsidy Gainers: HCL Technologies (up 11%) posted growth of 16% and 5% in sales and operating profit in the June quarter over the year-ago period. The company, as per its long-term strategy, will...

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Moneylife Digital Team 24 August 2010
Agrochemical major Punjab Chemicals and Crop Protection Ltd plans to make a foray into the contract manufacturing space by producing herbicides for two global companies. The company targets a business of Rs140 crore in next two years from this segment. Besides, the promoters of Punjab...

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Moneylife Digital Team 24 August 2010
Subex Ltd, a global provider of operations and business support systems, has announced that it has been selected by Worldstream Systems & Services to implement fraud management and revenue assistance solutions for the Econet Group. Subex's implementation will cover Econet's mobile services (GSM...

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Moneylife Digital Team 24 August 2010
DQE, an animation, gaming live action entertainment and distribution company, has announced that it has entered into a merchandising agreement with Off Road Ltd, a footwear manufacturer, to produce a collection based on the animation from DQE's series, 'The Jungle Book'. Under the terms of...

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Moneylife Digital Team 24 August 2010
Nissan Copper Ltd has informed the Bombay Stock Exchange (BSE) that the upcoming facility in Khanvel, Silvassa to manufacture copper tubes for air-conditioning, refrigeration and plumbing applications with the latest 'Cast and Roll Technology' will start trial partial production of its first...

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Moneylife Digital Team 24 August 2010
Mahindra & Mahindra (M&M) said today that it would use its purchase of South Korea's Ssangyong Motor to become a global player in the sports utility vehicle market. Pawan Goenka, president of M&M's automotive and farm sector, said the merger would help both companies expand in the global market.

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Moneylife Digital Team 24 August 2010
Standard Chartered launches preferred banking offering, ICICI Lombard launches student medical insurance, SBI Mutual Fund goes Live with Intellect GUB Standard Chartered launches preferred banking offering Standard Chartered said on Tuesday that it launched its Preferred Banking proposition...

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Moneylife Digital Team 24 August 2010
Singapore: Smart-phones will make up over half of Asian mobile phone sales by 2015, with 477 million units likely to be sold, reports PTI quoting an industry report. Consultancy Frost and Sullivan said smart-phones would account for 54% of the Asia-Pacific mobile market in five years, up...

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Ravi Samalad 24 August 2010
The regulator wants to make sure that fund houses are not distributing commissions from investors’ pockets Market watchdog Securities and Exchange Board of India (SEBI) has once again turned the heat on mutual fund distributors. The regulator has sought details of commissions paid out to...

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Ravi Samalad 24 August 2010
The regulator wants to make sure that fund houses are not distributing commissions from investors’ pockets Market watchdog Securities and Exchange Board of India (SEBI) has once again turned the heat on mutual fund distributors. The regulator has sought details of commissions paid out to...

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S Rodrigues 24 August 2010
The IFA (Independent/Individual Financial Advisor) is on life support — suspected dead — and the prime suspect is the Securities and Exchange Board of India (SEBI). The acronym is alternatively called in a parallel world, the Systematic Elimination of Brokers and Intermediaries Now the...

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S Rodrigues 24 August 2010
The IFA (Independent/Individual Financial Advisor) is on life support — suspected dead — and the prime suspect is the Securities and Exchange Board of India (SEBI). The acronym is alternatively called in a parallel world, the Systematic Elimination of Brokers and Intermediaries Now the...

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Moneylife Digital Team 24 August 2010
New Delhi: In a big blow to Vedanta Resources, the government today rejected environment clearance to its $1.7 billion bauxite mining project in Orissa after accepting recommendations of its key panel clearing such ventures, reports PTI. Giving reasons for the denial of clearance, environment...

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R Balakrishnan on saving  and   investing prudently 23 August 2010
It is the distributor who expands the market, as was proved again when a foreign bank raised Rs1,000 crore for its PMS when MFs are losing assets There is a lot of discussion over the fact that mutual funds are not able to increase their assets under management. The reason for this is simple....

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