INVESTOR INTEREST


Nakoda Ltd , a maker of fully drawn yarn said it bought a polyester plant located at Kyunghan in South Korea with an total capital investment of $40 million. “This acquisition marks our entry into new geographies. We plan to work collectively to close similar deals in future to expand our...

Read More



Moneylife Digital Team 30 June 2010
The Baltic Dry Index is sharply down. This has little to do with overall shipping trends, but is due to a sharp slump in Chinese imports on which global shipping depends The Baltic Dry Index (BDI) has fallen from 4,074 points in the beginning of June 2010 to 2,482 points on Monday, 28 June...

Read More



But if you need more bang for your buck, it makes more sense to shell out a little more and go in for a new car A second-hand Mercedes-Benz, not over six years old, with a six-month manufacturer’s warranty added on. That’s the deal that Mercedes-Benz India is offering, at indicative prices...

Read More



Moneylife Digital Team 29 June 2010
The changes may have been cosmetic and won’t rock the boat of insurance companies The Insurance Regulatory and Development Authority (IRDA) introduced sweeping changes in Unit-linked Insurance Plans (ULIPs) yesterday. Among the measures are-a five year lock-in, even-out commission over the...

Read More



Insurers are gearing up for a number of changes in the way they sell ULIPs after the new norms passed by the insurance regulator While the Insurance Regulatory and Development Authority's (IRDA) new norms for Unit-linked Insurance Plans (ULIPs) are good for consumers, private insurers are...

Read More



Insurers are gearing up for a number of changes in the way they sell ULIPs after the new norms passed by the insurance regulator While the Insurance Regulatory and Development Authority's (IRDA) new norms for Unit-linked Insurance Plans (ULIPs) are good for consumers, private insurers are...

Read More



Moneylife Digital Team 29 June 2010
After hitting a monthly low last week, Concurrent shares are hitting upper circuits—now backed by dubious information and inspired recommendations in blogs. The regulators have still not reacted Shares of Concurrent (India) Infrastructure Ltd hit the upper-circuit limit for the third day in a...

Read More



Sanket Dhanorkar 29 June 2010
How will banks and the corporate sector deal with the new rate structure and will it lead to a fairer regime? With the base rate methodology of loan pricing set to kick in from 1st July, banks and companies alike will be gearing up for the paradigm shift it will usher into the Indian banking...

Read More



Moneylife Digital Team 29 June 2010
We had suggested yesterday that a reversal can hit anytime. But is this the start of a new leg down? We will know in a few days. Meanwhile, watch 17,400 The market pared all gains accrued in Monday's trading session to close lower today on weak global cues. The Sensex ended at 17,534, down...

Read More



Moneylife Digital Team 29 June 2010
The company says that the price hike has been necessitated to partially recover the increase in the price of raw material like steel, tyres and castings Hinduja Group flagship company Ashok Leyland (ALL) today announced a price hike of its entire range of commercial vehicles by up to Rs50,000...

Read More



Moneylife Digital Team 29 June 2010
Pantaloon Retail (India) Ltd on Tuesday said it has allotted one crore warrants to its promoters' group company, Future Ideas Realtors India Ltd. The company's committee of directors has allotted 1 crore warrants at Rs400 per share, aggregating to Rs400 crore to Future Ideas Realtors India,...

Read More



Moneylife Digital Team 29 June 2010
Hyderabad-based Natco Pharma Ltd said it launched the generic version of Anastrazole 1 mg tablets in the US through the company’s marketing partners. Anastrazole is used in the treatment of breast cancers and the market for this product in the US is expected to be in the region of $750 million...

Read More



Moneylife Digital Team 29 June 2010
Of the 70 blocks offered in NELP-VIII, only 36 attracted bids from interested companies. ONGC and its partners won 17 areas out of their bidding for a maximum of 25 blocks State-owned Oil and Natural Gas Corporation (ONGC) and its partners will sign contracts on Wednesday for half of the 34...

Read More



Amritha Pillay 29 June 2010
Merchant power tariffs, which were at a high of Rs14 per unit last year, are expected to stabilise at an average rate of Rs5 per unit for the next couple of years. Jindal Power, Adani Power and Indiabulls Power are companies with large exposure to this volatility of rates In 2009, merchant...

Read More



Pallabika Ganguly 29 June 2010
Developers usually offer a free ‘fit-out’ period of two months for tenants to complete furnishing their office space. But poor demand is forcing developers of new projects to waive the rent for a period of five months or even more Squeezed by oversupply and muted demand, developers are trying...

Read More



SEBI is letting off habitual offenders in stock markets with petty fines through its “consent orders.” Firms like SMC Global have been allowed to file consent terms seven times and Shriram group six times, which damage the very purpose of the consent process as a deterrent The Securities and...

Read More



SEBI is letting off habitual offenders in stock markets with petty fines through its “consent orders.” Firms like SMC Global have been allowed to file consent terms seven times and Shriram group six times, which damage the very purpose of the consent process as a deterrent The Securities and...

Read More



R Balakrishnan on saving  and   investing prudently 29 June 2010
Finally, I met a group of investors who were playing the market not to maximise their wealth, driven by greed—they were in it just to diversify their wealth portfolio At most seminars on stock markets, I am struck by the fact that investor expectations always seem to border on greed. An...

Read More



A major change of guard is underway at the country's oldest stock exchange as it pulls out all the stops to transform itself into a well-oiled trading platform The Bombay Stock Exchange (BSE) is in the midst of a major overhaul of its management and personnel to bring the rest of the bourse...

Read More



Moneylife Digital Team 28 June 2010
Rajan Raheja group firm Prism Cement Ltd on Monday said it has acquired the remaining 50% stake in Milano Bathroom Fittings (MBF) for an undisclosed sum. "Post acquisition, MBF becomes a wholly-owned subsidiary of Prism Cement and will continue to be managed through H and R Johnson (India)...

Read More

Free Helpline
Legal Credit
Feedback