INVESTOR INTEREST


Moneylife Digital Team 10 September 2010
New Delhi: The government has decided to cap the number of national commodity exchanges at eight to foster sustained growth of the commodity futures market, reports PTI. "The consumer affairs ministry in consultation with the sector regulator Forward Markets Commission (FMC) has decided to...

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Moneylife Digital Team 10 September 2010
New Delhi: Private equity firms have invested over $1 billion in Indian companies in August, more than 7% from the year-ago period, with investors increased preference towards telecom and financial services sector, reports PTI. "Total private equity (PE) investment in India grew 7.5 times to...

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Moneylife Digital Team 10 September 2010
The market finished the truncated week with smart gains. The indices ended in the green on all trading days, scaling fresh 31-month highs on all four days. Global as well as domestic indicators will give direction to the market next week. The indices ended with gains of over 1.75% on the first...

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Moneylife Digital Team 09 September 2010
In August 2010, equity investors pulled out a net Rs2,890 crore from equity mutual funds. Fund companies are staring at a bleak future According to data provided by the Association of Mutual Funds in India (AMFI), equity schemes have witnessed Rs2,890 crore net outflow or redemption in August...

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Moneylife Digital Team 09 September 2010
New Delhi: Five states, including Gujarat, Maharashtra, Orissa, Andhra Pradesh and Karnataka, attracted about 50% of the total Rs105 lakh crore investment proposals made in 20 states, reports PTI. "These five states have emerged as the most preferred investment destinations attracting 52.42% of...

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Moneylife Digital Team 09 September 2010
RBI’s deputy governor Dr KC Chakrabarty has said that the industry needs to make a promise to the customer that banking transactions will become cheaper, faster and easier over the next decade Banks are increasingly adopting new technologies, however, these have failed to bring down transaction...

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Moneylife Digital Team 09 September 2010
New Delhi: India Inc mopped up a whopping Rs56,169 crore through debt on a private placement basis during the first quarter of current fiscal, recording a growth of 31% compared to the same period a year earlier, reports PTI. The April-June quarter of the current fiscal witnessed a mobilisation...

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Moneylife Digital Team 09 September 2010
New Delhi: the Insurance Regulatory & Development Authority (IRDA) today said it is examining a proposal for removing cap on investment in infrastructure bonds of highly-rated companies by insurers, a move which would up fund flow in the crucial sector, reports PTI. "We are examining the...

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Munira Dongre 09 September 2010
Street expectations about Indian gas transmission and distribution companies are largely based on hope, says Kotak. Almost all these companies earn returns that are well above the stipulated returns fixed by the regulator — and therefore they are highly vulnerable to corrective regulatory...

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Moneylife Digital Team 09 September 2010
Kolkata-based MSP Steel & Power Ltd said it will set up 600,000 million tonne per annum (mtpa) of pellet plant at Raigarh in Chhattisgarh with a total project cost Rs226 crore. The company aims to expand the capacity of its pellet plant from 300,000 mtpa to 900,000 mtpa. It has achieved the...

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Moneylife Digital Team 09 September 2010
IT trainer NIIT Ltd said it has entered a standard education agreement with ARIA Institute of Higher Education, in Afghanistan, to develop an employable talent pool of IT professionals. Under this agreement, NIIT will offer programs in software engineering and networking. It will offer career...

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Moneylife Digital Team 09 September 2010
Aurobindo Pharma Ltd said it has received the approval of South African regulatory authority Medicines Control Council (MCC) for 23 product registrations to manufacture and market these products in that country. Aurobindo now has a total of 48 products representing 91 registrations approved...

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Moneylife Digital Team 09 September 2010
Steel Strips Wheels Ltd (SSWL) said it received an order from Pneumat Trading, a distributor of wheel and tyre assemblies in Eastern Europe, for the supply of steel wheel rims. SSWL will supply almost 12,000 wheels with expected forex earning of €120,000. The shipments are scheduled in...

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Moneylife Digital Team 09 September 2010
Piramal Healthcare Ltd said following the sale of its domestic formulations business it received Rs10,271 crore as initial payment from to US-based Abbott Healthcare Ltd. Piramal had entered a definitive agreement with Abbott in May this year for sale of its domestic formulations business,...

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Moneylife Digital Team 09 September 2010
Lanco Infratech Ltd said its 1,320 MW (2x660) thermal power project being developed by its unit Lanco Babandh Power Ltd in Orissa, has achieved financial closure. The project, estimated to cost Rs6,930 crore, would be financed with a debt of Rs5,544 crore and an equity of Rs1,386 crore. A...

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Moneylife Digital Team 09 September 2010
New Delhi: The Insurance Regulatory and Development Authority (IRDA) today said that by end-September it will finalise the initial public offer (IPO) guidelines for non-life insurance companies that will allow them to raise funds from the capital market, reports PTI. "As regards the IPO of...

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Moneylife Digital Team 09 September 2010
Benchmark MF floats Infra BeES; Reliance MF introduces Reliance Index Fund-Sensex Plan; IndiaFirst launches Smart Save and Young India; MetLife India unveils Met Smart Platinum Benchmark MF floats Infra BeES Benchmark Mutual Fund has launched Infrastructure Benchmark Exchange Traded Scheme...

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Moneylife Digital Team 09 September 2010
New Delhi: State-run BHEL is exploring the possibility of formation of a separate finance company as a joint venture with a strategic partner to finance power projects, reports PTI. "We have floated EOI (Expression of Interest) for consultation for appointment of a consultant to work on ideas...

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Moneylife Digital Team 09 September 2010
Boston: Mukesh Ambani-led Reliance Industries (RIL) has been ranked second in the list of world's 10 biggest 'sustainable value creators'-companies that have been successful in creating the most shareholder value over the last decade-prepared by Boston Consulting Group (BCG), reports PTI. The...

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Moneylife Digital Team 09 September 2010
Somany Ceramics earns a healthy RoE of 25% and the stock is reasonably priced Somany Ceramics manufactures ceramic tiles from two plants in Haryana and Gujarat with a production capacity of 56,000sq mtr/day. It outsources 25,000sq mtr/day of low-end tile products to contractors in Gujarat....

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