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Moneylife Digital Team 08 September 2010
HDFC Mutual Fund launches HDFC FMP 100D September 2010 (1); SBI Mutual Fund introduces SBI Debt Fund Series-90 Days-34; DSP BlackRock MF announces dividend under DSP BlackRock India Tiger Fund; Birla Sun Life MF announces dividend under two equity schemes; IndiaBulls Housing Finance launches new...

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Moneylife Digital Team 08 September 2010
As our regular readers know, we love paper companies, especially when the underlying economic growth is strong and stock prices have not already run up. Two of our recommendations—Tamil Nadu Newsprint & Papers, and Seshasayee Paper & Boards—are up 57% and 26%, respectively. Here are two more...

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Moneylife Digital Team 07 September 2010
New Delhi: The country's third largest software exporter Wipro today said it may increase the billing rates of clients to mitigate the extra cost arising due to the hike in visa fee by the US government, reports PTI. "We will speak to our customers and seek price adjustments for the extra...

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India is one of the unacknowledged drivers of global recovery. There has been an impressive improvement in the quality and quantum of financial intermediation. However, the question is whether this phenomenon will help Indian banks to become global players Are Indian lenders ready for global...

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Moneylife Digital Team 07 September 2010
New Delhi: The government has written to the Securities and Exchange Board of India (SEBI) saying Cairn Energy Plc's deal to sell majority stake in its Indian arm to Vedanta Resources does not yet have its approval, a condition contingent for the $8.48 billion deal to consummate, reports...

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Moneylife Digital Team 07 September 2010
Nakoda Ltd, formerly Nakoda Textiles Industries Ltd, has started production at its plant in South Korea. The Korean unit has a capacity to manufacture 150 tons per day (tpd) of fully drawn yarn, 90 tpd of partially oriented yarn and 60 tpd of polyester chips. On Tuesday, Nakoda shares...

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Moneylife Digital Team 07 September 2010
IT solutions provider Gemini Communication Ltd said its consolidated net profit stood at Rs32.3 crore for the year ended March 2010, a jump of 223%, as compared to Rs10 crore during the previous year ended March 2009. Its total revenues rose 21.2% to Rs350.8 crore in the year ended March...

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Moneylife Digital Team 07 September 2010
Edible oil maker KS Oils Ltd said it registered a 2.6% increase in its net profit to Rs50.5 crore for the quarter ended 30 June 2010, as compared to Rs49.2 crore during the same period last year. The company has clocked its turnover of Rs1,030 crore during the June quarter, a 13.6% jump, as...

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Moneylife Digital Team 07 September 2010
BPO services provider Firstsource Solutions Ltd said it signed a five-year outsourcing agreement with Axis Bank Ltd.  Firstsource, as a part of the agreement, will offer customer contact services (voice, email & web chat) to retail customers of Axis Bank. Services to Axis Bank retail...

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Moneylife Digital Team 07 September 2010
Pipe manufacturer Man Industries (India) Ltd said it has received orders worth Rs1,200 crore from various international and domestic customers including GAIL (India) Ltd for its Dabhol-Bangalore pipeline project. These orders are for supply of approximately 200,000 tons of large diameter...

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Moneylife Digital Team 07 September 2010
Manufacturer of electricity transmission towers, KEC International Ltd said it plans to acquire US-based SAE Towers Holdings LLC and its operating subsidiary companies in Brazil, Mexico and the US. No financial details were provided. SAE Towers has manufacturing facilities in Brazil and...

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Moneylife Digital Team 07 September 2010
MSI introduces F-series laptops in India; IDBI Federal launches Wealthsurance Milestone Plan; Cholamandalam launches e-policy; Tata MF introduces Tata Fixed Maturity Plan Series 27-Scheme B; IDBI Mutual Fund files offer document with SEBI to launch IDBI Monthly Income Plan; HDFC launches Dual Rate...

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Moneylife Digital Team 07 September 2010
With interest rates inching up, fixed maturity plans, now better regulated, are back in vogue Due to high inflation, the government has adopted a mildly hawkish monetary stance as a part of its exit from the monetary stimulus extended earlier. Interest rates are expected to inch up...

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Moneylife Digital Team 07 September 2010
Mumbai: There has been a steady deterioration in asset quality of banks in the last two years on account of heavy stress in credit card and personal loan product segments, reports PTI quoting a top banking industry official. "In the last two years, there has been a sharp deterioration in the...

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Munira Dongre 07 September 2010
What’s buzzing in these stocks right now Shree Ashtavinayak Cinevision Ltd: The stock is buzzing as the release date of Dabangg, an upcoming Hindi action film, is coming close (10th September). The film has been co-produced by Shree Ashtavinayak. Many are betting on Dabangg being a huge hit...

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Moneylife Digital Team 07 September 2010
New Delhi: Banking operations have been partially affected as employees of left-leaning unions went on day-long strike today to protest against the disinvestment policy of the government and the price rise, reports PTI. About five lakh members of the All-India Banks Employees' Association...

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Moneylife Digital Team 07 September 2010
Mumbai: Amidst debate over high compensations offered to bank executives, Reserve Bank of India (RBI) governor D Subbarao today made a strong case for increasing the compensatory packages of public sector bank (PSB) officials, reports PTI. "There is a good reason to revise their (PSB...

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Moneylife Digital Team 07 September 2010
New Delhi, Sep 7 (PTI) Employers in India are planning to hire at a robust pace in the next three months and public administration, education and services sectors are expected to see strong recruitment trends, reports PTI. Globally, India is the most optimistic in terms of recruitment...

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Moneylife Digital Team 07 September 2010
Kolkata: The investigation by the Serious Fraud Investigation Office (SFIO) into the alleged financial irregularities to the tune of Rs1,000 crore by metallurgical coking coal producer Austral Coke and Projects is likely to be completed by January, 2011, reports PTI. "The investigation is...

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Moneylife Digital Team 07 September 2010
New Delhi: RPG Group company, KEC International, today said that it would acquire US-based SAE Towers Holdings for $95 million, reports PTI. "KEC International's board has approved the proposal to acquire US-based SAE Towers Holdings, a limited liability company and its subsidiary companies...

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