INVESTOR INTEREST


Moneylife Digital Team 08 July 2010
The rally would be laboured and likely to be aborted abruptly The market, which was down 1% on Wednesday, recovered all losses today on positive global sentiments. The Sensex shut at 17,651, up 180 points (1%) and the Nifty ended at 5,296, up 55 points (1%). The indices started the day with a...

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Moneylife Digital Team 08 July 2010
The capital market regulator’s move to cut exposure margins in equity derivatives is a revisit to the pre-crisis days of leveraging and speculation In a throwback to the pre-crisis period of 2007-08, when excessive leveraging and speculative activities were at their peak, market watchdog...

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Pallabika Ganguly 08 July 2010
More has received a stay order from the Andhra Pradesh High Court and Shoppers Stop has received the same from the Bombay High Court. Retailers plan to intensify their legal battle against the tax in coming months We had earlier reported that retailers were approaching various High Courts to...

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Moneylife Digital Team 08 July 2010
SEBI and the stock exchanges are expected to reach a consensus on allowing physical settlement in derivatives by the end of July Traders may soon be able to settle their derivates positions physically instead of cash as discussions between the stock exchanges and the regulators are in the...

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Moneylife Digital Team 08 July 2010
The state-owned exploration and production major decided to exit the bloc after its partner, Lakshmi N Mittal, walked out of the project. Oil and Natural Gas Corporation (ONGC) has been forced to exit a gas block in Trinidad and Tobago after its partner, Lakshmi N Mittal, walked out of the...

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Moneylife Digital Team 08 July 2010
Engineering and construction company Larsen & Toubro Ltd (L&T) said its unit L&T Infrastructure Finance Co Ltd (L&T Infra) received the status of ‘Infrastructure Finance Company’ from the Reserve Bank of India in the overall classification of Non-Banking Finance Company (NBFC). L&T Infra...

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Moneylife Digital Team 08 July 2010
KEC International Ltd, a power transmission company, said it won orders worth Rs610 crore in the transmission and cables space from overseas. In the transmission segment, the company has won total orders of Rs487 crore for turnkey transmission lines in the Georgia, South Africa, Philippines...

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Moneylife Digital Team 08 July 2010
Mumbai-based Veritas (India) Ltd reported a full year net profit of Rs6.31 crore  compared to net profit of Rs1.40 crore the previous year. During the period to end-March, the company’s total revenues increased to Rs220.2 crore from Rs77.1 crore. On a standalone basis, the company has posted...

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Moneylife Digital Team 08 July 2010
DQ Entertainment (International) Ltd (DQE) said it signed two broadcast agreements with Korea-based Education Broadcasting System (EBS) and Canada-based Tele-Quebec for its 3D animated TV series ‘The Jungle Book’. No financial details of the deal were provided. Under the terms of the...

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Moneylife Digital Team 08 July 2010
Wind turbine manufacturer Suzlon Energy Ltd said it won an order from Hindustan Petroleum Corp Ltd (HPCL) for a 25.5 MW capacity wind power project at Akal in the Jaisalmer district of Rajasthan. No financial details were disclosed. The project comprises 17 units of Suzlon’s S82-1.5 MW wind...

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Moneylife Digital Team 08 July 2010
The online trading system as well as the phone-order service of ICICIdirect broke down today leaving numerous customers feeling completely helpless. However, the company is keeping mum so far ICICIdirect.com, ICICI Securities Ltd's retail trading and investment services portal crashed today due...

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Moneylife Digital Team 08 July 2010
IDBI Bank was the lead arranger of the Rs13,125 crore debt with Power Finance Corporation acting as joint lead arranger. A consortium of over 15 banks and financial institutions are participating in the financing arrangements Anil Ambani Group firm Reliance Power (R-Power) today said it has...

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MFs are now attempting to push ‘simplified products’ like hybrid funds, having learnt a hard lesson after the NFO boom of 2006-07. Except that they are again following each other lemming-like in launching similar hybrid products Faced with dwindling assets caused by changing regulation and...

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MFs are now attempting to push ‘simplified products’ like hybrid funds, having learnt a hard lesson after the NFO boom of 2006-07. Except that they are again following each other lemming-like in launching similar hybrid products Faced with dwindling assets caused by changing regulation and...

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Ravi Samalad 07 July 2010
The distributor collected cash and cheques worth Rs2 crore for investing in mutual funds from numerous people in Jabalpur. The Association of Mutual Funds in India (AMFI) has suspended the ARN number of the swindler Jabalpur-based 'Champion Advisory Services', an AMFI-registered mutual fund...

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Ravi Samalad 07 July 2010
The distributor collected cash and cheques worth Rs2 crore for investing in mutual funds from numerous people in Jabalpur. The Association of Mutual Funds in India (AMFI) has suspended the ARN number of the swindler Jabalpur-based 'Champion Advisory Services', an AMFI-registered mutual fund...

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Moneylife Digital Team 07 July 2010
Even though domestic production surpassed consumption, the April-June period saw imports rising by a whopping 74.9% to 2.6 mt as against the year-ago period, increasing domestic availability and putting pressure on local prices Steady demand from automobile and consumer durables sectors saw...

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Moneylife Digital Team 07 July 2010
Under the current applicable ad valorem rate of duty, when natural rubber prices move up, consumers not only have to pay more to import rubber, but also have to bear the burden of customs duty, which goes up proportionately The Indian tyre industry has asked the government to impose customs...

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Moneylife Digital Team 07 July 2010
As a formal move towards permitting entry of global retailers, the DIPP released a discussion paper on Tuesday inviting comments from stakeholders by 31st July Unlike the defence sector, the government has adopted a cautious approach on opening up multi-brand retail to foreign investment,...

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Moneylife Digital Team 07 July 2010
2022 is the year when the revised non-compete agreement between the two Ambani brothers that bars Mukesh from taking up gas-fired power projects ends Anil Ambani Group firm Reliance Natural Resources’ (RNRL) new gas supply agreement with Reliance Industries (RIL) is valid only till 31 March,...

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