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Moneylife Digital Team 14 June 2010
Prajay Engineers Syndicate Ltd said its subsidiary received foreign investment of Rs70 crore for its ongoing construction and development project at Hyderabad. The project envisages development of residential township of approximate 45 lakh sq ft. On Monday, Prajay shares ended 3.3% up at...

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Amritha Pillay 14 June 2010
In the past two months, Gateway Distriparks has been witness to major stake sales by one of its directors and one of its shareholding companies. According to sources, more stake sales are expected from the company’s top management. Gateway Distriparks Ltd may be all set for yet another stake...

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Moneylife Digital Team 14 June 2010
Mumbai-based construction and engineering company Atlanta Ltd said its consortium  has received a contract order of about Rs114.48 crore from state-run Rites Ltd. The scope of the work includes construction of earthwork, bridges, supply of P-way material, supply of ballast and P-way linking...

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Moneylife Digital Team 14 June 2010
Mundra Port and Special Economic Zone Ltd (MPSEZ) said it started doubling the existing Mundra-Adipur 57 km private railway line to meet the growing demand of its port. The additional line will be parallel to the existing one. It will have four crossing stations and 99 bridges. It will be...

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Moneylife Digital Team 14 June 2010
HCL Technologies Ltd (HCL) said it has signed a five-year IT infrastructure outsourcing agreement worth S$ 110 million with Singapore Exchange (SGX). Under the agreement, HCL will provide SGX with infrastructure support and management services including the Exchange’s reach initiative. The S$...

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The management is very upbeat and analysts see a glimmer of hope since losses are down, but it is really too early to tell whether the company’s operations have merely moved from worse to bad The TV18 group, which comprises the four businesses of broadcasting (CNBC and CNBC Awaaz), Web...

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The management is very upbeat and analysts see a glimmer of hope since losses are down, but it is really too early to tell whether the company’s operations have merely moved from worse to bad The TV18 group, which comprises the four businesses of broadcasting (CNBC and CNBC Awaaz), Web...

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This company has a track record of doing the seemingly impossible in a quiet and focused manner—its announcement about a game-changing JV with Volvo is one such instance That Eicher Motors Ltd is once again on a winning streak was best reflected in the way its share prices went up by almost...

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Moneylife Digital Team 14 June 2010
Reckitt Benckiser wants advertising agencies to pay for the privilege of making a pitch. Will the agencies fall in line? The Advertising Agencies Association of India (AAAI) recently reacted to the outrage among advertising agencies over Reckitt Benckiser (India) Limited trying to change the...

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Ashpreet Sethi 14 June 2010
The government has plans to form a broadcasting regulator which will cater to TV channel registrations, licences and ratings. The industry is not amused The Broadcast Audience Research Council (BARC), an organisation set up by advertisers to oversee television audience measurement and ratings...

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Moneylife Digital Team 14 June 2010
ICICI Pru has launched an index fund based on the highly volatile Nifty Junior Fund houses are in a race to launch index funds to shore up their assets under management (AUM). The latest to join is ICICI Prudential Mutual Fund which has floated a new open-ended fund named Nifty Junior Index...

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Moneylife Digital Team 14 June 2010
ICICI Pru has launched an index fund based on the highly volatile Nifty Junior Fund houses are in a race to launch index funds to shore up their assets under management (AUM). The latest to join is ICICI Prudential Mutual Fund which has floated a new open-ended fund named Nifty Junior Index...

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If a company does not want to adhere to the proposed rule of a minimum public holding of 25%, SEBI cannot do anything about it Indian capital markets have always been a joke. Anyone can list. All you need is a business plan or a friendly merchant banker. And you start with a 10% dilution at...

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Bears aim for ‘top kill’, bulls hope for a durable bottom The short-term top I had called, when the recent market decline started on 15th April, is still in place and looks likely to stay for quite some time. And there are only vague signs that we are about to get a short-term rally. Two weeks...

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Moneylife Digital Team 12 June 2010
The market is about to make a major move but is not clear now in which direction The market was down at the beginning of the week on weak global cues on concerns over the debt crisis in Hungary. Strong Chinese export data and domestic industrial output helped the market to pare losses posted...

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Moneylife Digital Team 11 June 2010
The company derived 100% of its gross income (Rs374.52 crore) from the antibiotics category in the nine months ended December 2009 Chandigarh-based pharmaceutical company Parabolic Drugs Ltd (PDL) hits the primary market with its initial public offering (IPO) on 14 June 2010. The company has...

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Moneylife Digital Team 11 June 2010
Axis MF has added 1.56 lakh folios since November 2009 while JPMorgan, ING Investments and HSBC MF have seen their folios dwindling Equity funds have lost 2.87 lakh investor accounts between November 2009 and May 2010 when the mutual fund (MF) industry witnessed the launch of 10 new equity...

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Moneylife Digital Team 11 June 2010
Axis MF has added 1.56 lakh folios since November 2009 while JPMorgan, ING Investments and HSBC MF have seen their folios dwindling Equity funds have lost 2.87 lakh investor accounts between November 2009 and May 2010 when the mutual fund (MF) industry witnessed the launch of 10 new equity...

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Moneylife Digital Team 11 June 2010
Vadodara-based engineering company Jyoti Ltd is poised for a rapid growth following the remarkable turnaround that it has shown in the last couple of years. The company undertook a major financial restructuring programme and has emerged successfully wiping out all its accumulated losses and is...

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Moneylife Digital Team 11 June 2010
Reliance Industries Ltd (RIL) has made its sixth oil discovery in the Gujarat block Cambay Basin-ONN-2003/1 (CB 10 A&B), awarded under the New Exploration Licensing Policy (NELP) V round of exploration bidding.   The well CB10A-T1 was drilled to a total depth of 1,500 m in the block...

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