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Moneylife Digital Team 24 September 2010
Construction company Roman Tarmat Ltd said it won an order worth Rs33.8 crore from Saibaba Sansthan Trust for construction-related works. The company has received a Letter of Intent from the Trust for construction of flexible and rigid pavement for ring roads at Shridi in Maharashtra, the...

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Moneylife Digital Team 24 September 2010
Magma Fincorp Ltd, a retail asset finance company, said it will disburse Rs240 crore in retail loans in Tamil Nadu during 2010-11. Headquartered in Kolkata, the company already has a well spread out presence in Tamil Nadu with seven offices. Dhrubashish Bhattacharya, vice president, Magma...

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Moneylife Digital Team 24 September 2010
Wind turbine manufacturer, Suzlon Energy Ltd (SEL) said it has crossed 5,000 MW of cumulative installations in India, underlining the strong momentum in India's fast growing wind energy market. This cumulative power generation capacity has the potential to light up 4 million homes annually....

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Moneylife Digital Team 24 September 2010
Drug firm Aurobindo Pharma Ltd said it received final approvals from the US health regulator to sell multiple strengths of its generic ampicillin and sulbactam for injections. The company said, the US Food and Drug Administration (USFDA) has approved its three Abbreviated New Drug...

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Moneylife Digital Team 24 September 2010
Hero Motors Ltd, a part of the Hero Group, and Magna Steyr India Pvt Ltd, a co-operation between Magna Steyr and Magna Powertrain, said they have entered a business development and technical assistance agreement. No financial details were provided. As part of the agreement, Hero Motors and...

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Moneylife Digital Team 24 September 2010
with South Africa-based Befula Investments to explore opportunities in the power sector in that country. L&T and Befula Investments have signed an agreement to form a joint venture firm Larsen Toubro TD SA, it said in a statement. The JV would capitalise on the power transmission and...

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Moneylife Digital Team 24 September 2010
New Delhi: Foreign lenders operating in the country reduced their overall lending by over 1% and staff strength by over 6% in the 2009-10 fiscal, reports PTI. This happened even as the overall economy bounced back and foreign banks increased their number of branches in India during 2009-10.

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Moneylife Digital Team 24 September 2010
Low earnings and competition from pan India players will make it difficult for Sea TV Issue Price: Rs90-Rs 100 per share with a face value of Rs 10 per equity share. Number of shares: 55.77 lakh. Issue size: Rs50.20 crore. Issue duration:  27 September-29 September 2010. Listing:...

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Moneylife Digital Team 24 September 2010
New Delhi: Amid tribals protesting against some mining projects, the government today said that people being displaced should be provided alternative sources of livelihood, besides adequate compensation, but solution does not lie in stopping projects, reports PTI. "Answer does not lie in the...

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Moneylife Digital Team 24 September 2010
Bucking the global trend, the domestic market bounced back after a weak start this morning. The key benchmarks breached their crucial levels of 20,000 and 6,000 once again with the market ending the two-day hiatus and ending in the green once again. The market opened lower on weak cues from...

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Moneylife Digital Team 24 September 2010
Birla Sun Life MF launches Birla Sun Life Fixed Term Plan–Series CE; HDFC Mutual Fund unveils HDFC FMP 100D September 2010 (3); Principal MF floats Principal Pnb Fixed Maturity Plan–367 Days–Series I; Reliance MF launches Reliance Arbitrage Advantage Fund; IDBI Federal introduces cover for loans,...

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Moneylife Digital Team 24 September 2010
New Delhi: Coal minister Sriprakash Jaiswal today said there was no proposal for granting concessions to public sector undertakings (PSUs) in the 26% profit sharing scheme, envisaged in the new mining bill being framed, and favoured a level playing field in the sector, reports PTI.

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Moneylife Digital Team 24 September 2010
Mumbai: Capital market watchdog Securities and Exchange Board of India (SEBI) today said foreign institutional investors (FIIs) have to, by 1st October, end the practice of investing money collected from a single or few investors in stocks, as a guard against manipulation, reports...

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Why CB Bhave’s tenure as SEBI chairman will go down as among the worst in nearly two decades By his own admission, Bhave often looks in the mirror to ask: "Am I proud of what this guy did today?" The answer invariably is a resounding yes, Bhave had told this newspaper some time ago. He...

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Moneylife Digital Team 23 September 2010
Kolkata: Going by the industry trend, teaser rates are going to stay, reports PTI quoting chairman of HDFC Deepak Parekh. "It is for sure that teaser rates are going to stay permanently," Mr Parekh told reporters on the sidelines of AIMA convention here. He said that deposit rates might be...

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Moneylife Digital Team 23 September 2010
New Delhi: India will enter into a pact with China in the area of highways development and once the agreement is reached, Chinese investment will treble in the road sector, reports PTI quoting government sources. Also a pact with the UK will be signed next week for greater cooperation in...

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Moneylife Digital Team 23 September 2010
General Motors India (GMI) inaugurated a liquefied natural gas (LNG) facility at its factory premises at Halol in Gujarat for supply of gas to its car manufacturing plant. The company has also signed an agreement with Bharat Petroleum Corp Ltd and INOX India Ltd for the supply,...

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Moneylife Digital Team 23 September 2010
PBA Infrastructure Ltd said it won an order worth Rs252 crore from GVK Deoli Kota Expressway Pvt Ltd. The scope of work includes construction-related works on Bundi-Kota Section of National Highway 12 on Kota Bypass in Rajasthan, the company said in a regulatory filing. On Thursday, PBA...

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Moneylife Digital Team 23 September 2010
Ratings agency CRISIL Ltd said its unit bought Pipal Research Corpo, a knowledge process outsourcing (KPO) services provider for $12.75 million. CRISIL's, KPO division, Irevna provides high-end research and analytical services to investment banks, insurance companies, asset management firms...

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