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Moneylife Digital Team 20 July 2010
The advertising self-regulatory body, ASCI, has upheld complaints against Sri Bhagwathy Madom Fitness Massage Oil and Fat Free Tablet advertisements, after receiving a complaint from CERS The Advertising Standards Council of India (ASCI) has upheld a complaint from the Consumer Education and...

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Moneylife Digital Team 20 July 2010
Mumbai-based Internet software and services provider, Geodesic Ltd said it partnered with Zee Entertainment Enterprises Ltd (ZEEL), to launch real time and on-delivery entertainment applications for mobile and Internet enabled devices. No financial details were provided. ZEEL and Geodesic have...

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Moneylife Digital Team 20 July 2010
Edelweiss Capital Ltd said its subsidiaries — Edelweiss Securities Ltd and Edelweiss Investments & Finance Ltd — completed the acquisition of Anagram Capital Ltd. Consequently, Anagram Capital has become a subsidiary of the company, it said in a regulatory filing. On Tuesday, Edelweiss Capital...

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Moneylife Digital Team 20 July 2010
IT and BPO services provider, Patni Computer Systems Ltd said it appointed Apoorva Singh as its senior vice president and global head for infrastructure management services (IMS). Mr Singh will be spearheading the IMS vertical along with Patni’s customer interaction services (CIS) division...

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Moneylife Digital Team 20 July 2010
Chennai-based KCP Sugar and Industries Corp Ltd reported over two-fold jump in its full year net profit to Rs24.3 crore against the net profit of Rs11.7 crore a year ago. During the year to end-March, its total revenues increased to Rs332.1 crore from Rs279.6 crore a year ago, the company said...

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Moneylife Digital Team 20 July 2010
Ahmedabad-based Lincoln Pharmaceuticals Ltd (LPL) said it will invest Rs50 crore to set up a plant which would be in accordance to US Food & Drug Administration (FDA) guidelines. It has planned to achieve the top line of Rs200 crore with a bottom line Rs20 crore year with earning per share...

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Moneylife Digital Team 20 July 2010
Mahindra Satyam Ltd, the new brand identity of Satyam Computer Services Ltd, said it appointed Roger Van Lier, as its business development executive in the Benelux. He will be responsible for driving customer relationships in the manufacturing sector, it said in a regulatory filing. On Tuesday,...

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Moneylife Digital Team 20 July 2010
The oil ministry on 12th July had asked RIL to make a "pro-rata" cut in gas supplies to all existing customers if the production from its KG-D6 fields cannot support new customers like Essar Oil\'s Vadinar refinery Upping its ante against the oil ministry, Reliance Industries (RIL) has refused...

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Pallabika Ganguly 20 July 2010
Residents in Mumbai don’t seem too keen on staying in high-rise towers. In a space-starved city, the only way to go is upwards, but a number of bottlenecks remain There are around 102 under-construction projects beyond 30 storeys being developed across India. Among the tall towers, most of...

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Moneylife Digital Team 20 July 2010
The company has been forced to take the decision in view of capacity constraints India's largest automaker Maruti Suzuki will limit exports to the same level as last year due to capacity constraints, reports PTI "We are not competing in exports (with other carmakers)... We are short of...

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Munira Dongre 20 July 2010
Unknown Cals Refineries is attracting millions of trades but no scrutiny Cals Refineries, a penny stock (Rs 0.33), is a ferociously-traded company about which very little is known. However, the very fact that more than 40 million shares are traded in this stock daily (2-week average) even when...

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Munira Dongre 20 July 2010
Unknown Cals Refineries is attracting millions of trades but no scrutiny Cals Refineries, a penny stock (Rs 0.33), is a ferociously-traded company about which very little is known. However, the very fact that more than 40 million shares are traded in this stock daily (2-week average) even when...

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Munira Dongre 20 July 2010
Unknown Cals Refineries is attracting millions of trades but no scrutiny Cals Refineries, a penny stock (Rs 0.33), is a ferociously-traded company about which very little is known. However, the very fact that more than 40 million shares are traded in this stock daily (2-week average) even when...

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Moneylife Digital Team 19 July 2010
Dish TV India Ltd said it appointed RC Venkateish, as its chief executive officer (CEO).   On Monday, Dish TV India shares closed 0.3% up at Rs46 on the Bombay Stock Exchange, while the Sensex ended at 0.1% down at 17,928 points.

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Moneylife Digital Team 19 July 2010
Nagpur-based Sunflag Iron & Steel Co Ltd said its first quarter net profit increased to Rs25.9 crore from Rs16 crore a year ago. During the first quarter to end-June, its total revenues rose to Rs399 crore from Rs285.1 crore, same period previous year, it said in a regulatory filing. On...

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Moneylife Digital Team 19 July 2010
SEL Manufacturing Co Ltd said it started first phase of expansion at its spinning unit located at Sehore in Madhya Pradesh. The company has already acquired around 400 acres of land for the project and the total cost for proposed spinning plant is envisaged at Rs1,920 crore. The expansion...

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Moneylife Digital Team 19 July 2010
Indowind Energy Ltd registered a first quarter net profit of Rs3.13 crore compared to Rs7.05 crore for the quarter ended June 2009. During the period its total revenues increased to Rs9.7 crore from Rs8.8 crore, same quarter a year ago. On Monday, Indowind Energy shares closed 2.6% down at...

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Moneylife Digital Team 19 July 2010
MIC Electronics Ltd said it formed a joint venture with Taiwan-based home lighting appliances manufacturer Home Resources Ind Co Ltd to produce light-emitting diode (LED) products in India. No financial details were provided. The agreement aims to manufacture innovative and cost effective LED...

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Moneylife Digital Team 19 July 2010
Escorts Ltd said its third quarter net profit increased 106% due to higher tractor sales and revenues. For the quarter to end-June, the tractor manufacturer said its net profit rose to Rs45.8 crore from Rs22.2 crore while its total revenues increased 38.5% to Rs806 crore compared with same...

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Moneylife Digital Team 19 July 2010
Mumbai-based Crompton Greaves Ltd registered a first quarter net profit of Rs142.2 crore compared with Rs1,14.7 crore for the quarter ended June 2009. During the period its total revenues rose to Rs1,357.7 crore from Rs1,181.9 crore, same period last year. On Monday, Crompton Greaves...

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