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Moneylife Digital Team 03 June 2010
Real estate developer Omaxe Ltd said it launched ‘Naffhil Homes’, its first budget homes at Allahabad in Uttar Pradesh. To be constructed over an area of about 20 acres, this affordable housing project will be a part of around 1,535 acre ‘Omaxe Waterfront Hi-Tech City’ project, the company said...

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Moneylife Digital Team 03 June 2010
ITC-Welcomgroup on Thursday said it signed an exclusive agreement with Starwood Hotels and Resorts to bring Starwood's premium brand, 'Luxury Collection,' in India. Under the new franchise agreement, the seven hotels that will be part of the new brand, ITC-Luxury Collection, are ITC Maurya in...

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Moneylife Digital Team 03 June 2010
Dynamatic Technologies Ltd said it signed a memorandum of understanding (MoU) with the government of Karnataka for the setting up a manufacturing facility for the aerospace industry at the Aerospace Park near the International Airport in Bangalore. No financial details were provided.

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Moneylife Digital Team 03 June 2010
Index funds are merely supposed to mimic the returns provided by the underlying benchmark index such as the Sensex or the Nifty. Essentially, these funds are expected to follow the passive investing route, buying and holding stocks in the index in the same proportion as the index. However, many...

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Moneylife Digital Team 03 June 2010
Index funds are merely supposed to mimic the returns provided by the underlying benchmark index such as the Sensex or the Nifty. Essentially, these funds are expected to follow the passive investing route, buying and holding stocks in the index in the same proportion as the index. However, many...

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In 2006-07, many global funds were launched. How have they done? Global markets have been beset with many problems in the past few weeks—Goldman Sachs’ alleged fraud, Greece’s debt troubles, Icelandic volcanoes, etc, and a trading error that hurtled the Dow Jones Industrial Average down more...

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Ravi Samalad 03 June 2010
Birla Sun Life has launched a new open-ended equity scheme christened ‘Birla Sun Life India Reforms Fund’ which aims to capitalise on the government’s long-term goal of liberalisation, including divestment of public sector undertakings (PSUs). The Fund seeks to focus on companies that are...

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Subrata Das 03 June 2010
Lower petroleum prices—following lower demand—hit gross refining margins of refineries. The standalone refineries were hit more Sales for all the integrated oil marketing companies and standalone refineries have been on the rise but operating profit was down in the March quarter thanks to...

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Supreme Industries has strong earnings and also real-estate assets to encash Even in a market that is supposed to be overvalued, there are smaller stocks that are undervalued for their level of growth. Supreme Industries is one such stock. Supreme operates in four segments—plastic pipes,...

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Moneylife Digital Team 03 June 2010
Subuthi Finance (Rs134) Subuthi Finance, incorporated in 1992, claims to provide a wide range of financial services. Business growth has been extremely poor and inconsistent over the past four quarters. In the September 2009 quarter, revenues were just Rs10 lakh and operating profit was...

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Moneylife Digital Team 03 June 2010
Savings bank accounts now provide higher effective interest. Even so, liquid funds may be a better option to park your short-term cash. A savings bank account is perceived by many investors as the safest option for parking cash, despite yielding a pitiable return. Lakhs of crores worth...

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In theory, investors can sue brokerages for wrongdoing, but the regulator’s caprice is stymying the system In just a few weeks of April and May this year, the Securities and Exchange Board of India (SEBI) has picked up some serious payments ranging from Rs5 lakh to Rs40 lakh from three...

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Moneylife Digital Team 02 June 2010
A range-bound trading market settled in the positive zone supported by Reliance Communications and Bharti Airtel stocks, which were up by 11% and 5%, respectively. The Sensex was up 169 points at 16,741 (up 1%) while the Nifty was up 50 points at 5020 (up 1%). The indices were up in the early...

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Moneylife Digital Team 02 June 2010
The market regulator is putting together guidelines for banks and national distributors to check mis-selling of mutual funds Market watchdog Securities and Exchange Board of India (SEBI) is mulling further strengthening the mutual fund (MF) distribution system to prevent possible cases of...

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Moneylife Digital Team 02 June 2010
The market regulator is putting together guidelines for banks and national distributors to check mis-selling of mutual funds Market watchdog Securities and Exchange Board of India (SEBI) is mulling further strengthening the mutual fund (MF) distribution system to prevent possible cases of...

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Moneylife Digital Team 02 June 2010
Television channels are coming up in India at a mind-boggling rate—there’s a launch of a new channel almost every week. But regulating these channels is turning out to be a tough, if not impossible, task The Ministry of Information and Broadcasting (I&B) has asked all TV channels to provide...

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Moneylife Digital Team 02 June 2010
Mumbai-based Sikozy Realtors Ltd, formerly Griffin Chemicals Ltd, said it bought 24,000 sq ft of vacant plot at Karjat, in Maharashtra. No financial details were provided. The construction work for the residential flats on the acquired land will start by the August, 2010, it said in a...

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Moneylife Digital Team 02 June 2010
Engineering services and technology solutions provider Infotech Enterprises Ltd said it signed a long-term master service agreement with Seawell AS of Norway to provide engineering support services. No financial details of the agreement were provided. This agreement with Infotech will enable...

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Moneylife Digital Team 02 June 2010
Bhubaneswar-based ARSS Infrastructure Projects Ltd said it won two orders for projects in Orissa and Punjab. The company received a work order from Rayagada (R&B) Division in Orissa worth Rs50.86 crore.  The company has also secured a road project from Greater Mohali Area Development...

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Moneylife Digital Team 02 June 2010
Tata Communications Ltd and Rendezvous Hospitality Group (RHG), said they have opened a telepresence facility that could be first in Singapore telepresence room. The company plans to add 25 new public telepresence rooms for 2010 in Hong Kong and Malaysia, Tata Communications said in a...

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