INVESTOR INTEREST


Moneylife Digital Team 24 June 2010
BIG Street, the out-of-home advertising arm of Reliance Broadcast Network, erstwhile Reliance Media World, has won a tender to advertise in 483 buses of the Chandigarh Transport Undertaking. After executing a two-year tender (2008-10), the company has won the tender again for a period of two...

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Moneylife Digital Team 24 June 2010
Reliance Industries (RIL) said its subsidiary, Reliance Eagleford Upstream LP has signed definitive agreements to enter a joint venture with US-based Pioneer Natural Resources Company. According to the agreement, Reliance will acquire a 45% interest in Pioneer's core Eagle Ford Shale acreage...

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Moneylife Digital Team 24 June 2010
IT consulting and software company, FCS Software Solutions, has said that it has won an infrastructure management contract from a company in the Middle East. The three-year contract has a revenue potential of Rs200 crore. The scope of work includes data-centre consolidation, commissioning /...

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Ravi Samalad 24 June 2010
The regulator is currently working on various proposals to contain mis-selling while CII is working on a policy paper for the mutual fund industry which is expected to come out in a couple of months Market regulator Securities and Exchange Board of India (SEBI) seems to be in no mood to...

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Moneylife Digital Team 24 June 2010
Charges fund companies with launching too many schemes but having very little connect with investors Securities and Exchange Board of India (SEBI) chairman CB Bhave has spoken on why the mutual fund industry finds itself in its current mess. Speaking at the CII Mutual Fund Summit yesterday, he...

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Moneylife Digital Team 24 June 2010
In a rare outburst, heads of various mutual funds express displeasure with the regulator at an industry summit; also admit that rethinking is required about their own business Five days after the law ministry and finance ministry took the wind out of the sails of the Securities and Exchange...

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Moneylife Digital Team 23 June 2010
SEBI chairman suggests that AMFI should seriously examine playing the role of a self-regulatory organisation. This idea was first mooted in 1994 and is of dubious merit because the concept of SRO does not quite work in India The capital markets regulator, Securities and Exchange Board of India...

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Moneylife Digital Team 23 June 2010
As suspected, the Sensex was supported at around 16,000 and went up. A new short-term high is near if the world market remains bullish The market witnessed volatile trade on the rollover of positions by traders in the derivatives segment from the near month June contracts to July contracts,...

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Moneylife Digital Team 23 June 2010
Apartment registrations in the metro fell by 25% in May on a month-on-month basis In Mumbai, registrations of residential apartments fell 25% in May, on a month-on-month basis, to 5,337. In April, the metropolis reported total transaction of 6,000 apartments.  According to a report by...

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Moneylife Digital Team 23 June 2010
Punjab National Bank said it signed a memorandum of agreement (MoA) with Mauritius-based Principal Financial Group and Vijaya Bank for restructuring of their existing joint ventures. Both the lenders will continue to support Principal in the asset management company for next three years. PNB...

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Moneylife Digital Team 23 June 2010
Shree Renuka Sugars Ltd said it completed a revised agreement to acquire a controlling stake in Brazil-based Equipav SA Acucar e Alcool. As per the new terms, the Renuka Sugars shall invest Rs45 crore in Eqipav leading to a majority, controlling stake of 50.34%. Equipav AA consists of sugar...

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Moneylife Digital Team 23 June 2010
Vinati Organics Ltd said it started production of isobutylene (IB) at its new plant at Lote in Maharashtra. The plant has an installed capacity of 12,000 metric tonnes. Vinati Organics is a specialty chemical company producing organic intermediates, monomers and polymers. On Wednesday,...

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Amritha Pillay 23 June 2010
The Central Electricity Authority (CEA) has listed eight States which will have surplus power by 2012. Out of these, Sikkim, Himachal Pradesh and Uttarakhand are most likely to generate significant surpluses According to Central Electricity Authority (CEA) data, around eight States are expected...

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Moneylife Digital Team 23 June 2010
The stock cannot be compared to its competitors because they are not listed Ahmedabad-based Aster Silicates, a manufacturer of sodium silicate, hits the market tomorrow. The company has set the price band at Rs112-Rs118 per share and plans to raise Rs53.10 crore from the IPO. The issue opens...

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Moneylife Digital Team 23 June 2010
The newly-entered fund house Pramerica Mutual Fund’s new fund offer comes with an option of a ‘dynamic plan’ that adjusts the fund’s exposure in tune with market valuation. It is a marketing gimmick—as the examples of three other funds show Pramerica Mutual Fund, sponsored by the US-based...

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Moneylife Digital Team 23 June 2010
The newly-entered fund house Pramerica Mutual Fund’s new fund offer comes with an option of a ‘dynamic plan’ that adjusts the fund’s exposure in tune with market valuation. It is a marketing gimmick—as the examples of three other funds show Pramerica Mutual Fund, sponsored by the US-based...

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Moneylife Digital Team 22 June 2010
The Sensex will hover around 17,600 before the next move The market witnessed a subdued closing today, as traders rolled over their position in the derivatives segment from the near-month June contracts to July contracts ahead of the expiry of the near-month June derivatives contracts on...

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Moneylife Digital Team 22 June 2010
Price band fixed at Rs230-Rs240 The initial public offer (IPO) of Technofab Engineering Ltd, an engineering, procurement & construction (EPC) company, will open on 29th June and close on 2nd July. The shares will be offered at a price band of Rs230 to Rs240. The company will mop up...

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Moneylife Digital Team 22 June 2010
Price band fixed at Rs230-Rs240 The initial public offer (IPO) of Technofab Engineering Ltd, an engineering, procurement & construction (EPC) company, will open on 29th June and close on 2nd July. The shares will be offered at a price band of Rs230 to Rs240. The company will mop up...

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Pallabika Ganguly 22 June 2010
The industry is now offering unadvertised discounts to customers, after sky-high realty prices kept buyers away from the market Developers in Mumbai have finally started offering discounts on properties. Orchid Woods, a residential project in Goregaon (a Mumbai suburb) by DB Realty, is offering...

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