INVESTOR INTEREST


It is interesting to note that 75% of premium, collected by LIC, is from ULIPs and 25% from non-linked products, but a number of policies sold in the market for small ticket, longer duration is 80% (non-linked) and 20% in ULIPs. Unit Linked Insurance Products (ULIPs), which were the root cause...

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Moneylife Digital Team 09 August 2010
New Delhi: Market regulator Securities and Exchange Board of India (SEBI) today asked mutual fund (MF) houses to give investors the option to cash out when the fund administration fee goes up as a result of new rules, reports PTI. Currently, MFs charge investors a flat fee of 2.25% on the...

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Moneylife Digital Team 09 August 2010
Orchid Chemicals and Pharmaceuticals Ltd has received approval from the US Food and Drug Administration (USFDA) to sell levetiracetam tablets, 1,000 mg in that country. Levetiracetam is used in the treatment of epilepsy. On Monday, Orchid Chemicals shares ended 0.8% up to Rs190 on the Bombay...

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Moneylife Digital Team 09 August 2010
Auto parts and equipment manufacturer EL Forge Ltd said its net loss narrowed to Rs2.7 crore for the 30 June 2010 quarter as compared to Rs4.9 crore a year ago due to robust revenues. During the June 2010 quarter, the Chennai-based company's total revenues increased to Rs17.8 crore from...

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Moneylife Digital Team 09 August 2010
Construction and engineering company Jaihind Projects Ltd said it won an order worth over Rs43.1 crore from Rajkot Municipal Corporation. The order includes construction of sewerage related works for Rajkot underground sewerage project phase II part III, it said in a regulatory filing. On...

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Moneylife Digital Team 09 August 2010
Western India Shipyard Ltd registered net profit of Rs5.8 crore in the first quarter as against the loss of Rs9.7 crore a year ago on higher turnover. The company reported a total turnover of Rs30 crore in the June 2010 quarter compared to Rs10.5 crore in same quarter last year. It has...

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Moneylife Digital Team 09 August 2010
Construction and engineering company Gayatri Projects Ltd said its first quarter net profit rose to Rs15.1 crore from Rs12 crore in the same quarter a year ago. In the June 2010 quarter, the Hyderabad-based company's total revenues increased to Rs342.6 crore from Rs291 crore a year ago. On...

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Moneylife Digital Team 09 August 2010
Adhunik Metaliks Ltd said Macquarie SBI Infrastructure Investments and State Bank of India (SBI) will invest Rs125 crore in its unit Adhunik Power & Natural Resources (APNRL). The funds will be used to part finance its ongoing 540 MW coal based independent power project at Jamshedpur in...

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Moneylife Digital Team 09 August 2010
Biscuit maker Britannia Industries Ltd said its first quarter net profit fell to Rs32.8 crore from Rs47.6 crore a year ago, despite robust revenues. During the quarter to end-June, the biscuit maker's net sales increased to Rs912.8 crore from Rs731.2 crore in the same quarter last year.

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Moneylife Digital Team 09 August 2010
Areva T&D India Ltd said it won a contract worth Rs110 crore from Power Grid Corp of India Ltd (PGCIL) for 765 kV extra high voltage substation. The order is for one of the critical substations in the eastern grid of the country and will be delivered at Sasaram in Bihar, it said in a...

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Moneylife Digital Team 09 August 2010
New Delhi: The food ministry has allowed mills to complete the sale of July quota of sugar in open market till this month-end, reports PTI quoting sugar industry bodies. The government sets a target for millers to sell sugar, known as non-levy sugar, in open market every month. In July, the...

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Pallabika Ganguly 09 August 2010
These proposed projects will come up in Maharashtra, Karnataka and Punjab; new proposals to be examined for a similar venture in Uttar Pradesh  The Ministry of Food Processing Industries (MOFPI) has given in-principle permissions to three food parks in Karnataka, Maharashtra and Punjab. The...

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Moneylife Digital Team 09 August 2010
New Delhi: Driven by record sales in passenger car and two-wheeler segments, the Indian automobile industry posted its best ever monthly sales of 12,37,461 units in July, beating the previous high achieved in March 2010, reports PTI. According to the figures released by the Society of Indian...

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Moneylife Digital Team 09 August 2010
Prepaid cards and mobile-money solutions are being enlisted in the drive towards financial inclusion; consumer adoption, business viability and regulatory issues remain hurdles in this effort The efforts towards bringing the unbanked and marginalised section of the society into the mainstream...

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Moneylife Digital Team 09 August 2010
Prepaid cards and mobile-money solutions are being enlisted in the drive towards financial inclusion; consumer adoption, business viability and regulatory issues remain hurdles in this effort The efforts towards bringing the unbanked and marginalised section of the society into the mainstream...

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Munira Dongre 09 August 2010
BOC India: Buyback price rumoured to be revised to Rs375. Mid-June, Linde Holdings Netherlands BV announced that it would buy back 8.98 million shares in BOC India at a minimum price of Rs225.29. The CMP is Rs293. The company recorded strong quarterly results for June. Spanco: There is talk of...

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Munira Dongre 09 August 2010
BOC India: Buyback price rumoured to be revised to Rs375. Mid-June, Linde Holdings Netherlands BV announced that it would buy back 8.98 million shares in BOC India at a minimum price of Rs225.29. The CMP is Rs293. The company recorded strong quarterly results for June. Spanco: There is talk of...

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The Sensex ended the week with a 2% gain. The market started the week on a strong note buoyed by the robust auto sales in July and kept marching ahead throughout the week. The upward trend was cut off by selling pressure on the last trading day. Manufacturing expansion picked up pace in July, a...

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A medium-term top may be in place Two weeks ago, I had said that there is a likelihood that the short-term high would now be around 18,300 on the Sensex. I had also said that if the Sensex crosses 18,300, we were in for an extended rally right up to 19,000, driven by global liquidity that would...

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Moneylife Digital Team 07 August 2010
The market has been very placid for two months now. Low volatility period is always followed by a period of high volatility. So, fasten your seatbelts against some major surprises India VIX, a volatility index based on the index option prices of Nifty index has collapsed to its lowest level...

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