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Moneylife Digital Team 23 July 2010
New Delhi: The Prime Minister's Economic Advisory Council (PMEAC) today pegged the farm sector growth rate at 4.5% for 2010-11 fiscal on the expectation of a strong rebound in foodgrains output on the back of a good monsoon, reports PTI. Agriculture and allied sectors grew by a mere 0.2% in...

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Moneylife Digital Team 22 July 2010
The number of AUM transfer requests jumped 45% from 83,233 requests in 2009 to 1,20,628 between January-March 2010 The growing cases of distributor change requests have leaped manifold after market regulator Securities and Exchange Board of India (SEBI) discontinued the requirement of...

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Moneylife Digital Team 22 July 2010
The number of AUM transfer requests jumped 45% from 83,233 requests in 2009 to 1,20,628 between January-March 2010 The growing cases of distributor change requests have leaped manifold after market regulator Securities and Exchange Board of India (SEBI) discontinued the requirement of...

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Amritha Pillay 22 July 2010
With two planned power plants in Chhattisgarh and Madhya Pradesh, DB Power is also looking at States like Maharashtra, Orissa and Rajasthan to set up more power plants. DB Power Ltd, which recently awarded contracts for its Chhattisgarh power plant, is also looking at Maharashtra, Orissa and...

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Moneylife Digital Team 22 July 2010
Pharmaceutical company Dr Reddy’s Laboratories Ltd said its first quarter net profit fell to Rs209.6 crore compared with Rs244.5 crore for the quarter ended 30 June 2009. During the period its total revenues has decreased to Rs1,701.8 crore from Rs1,822.4 crore, same quarter a year ago.

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Moneylife Digital Team 22 July 2010
United Breweries Ltd (UBL) reported a 114% higher first quarter net profit on 92% rise in operating profits and robust volume growth. During the quarter to end-June, the company said its net profit rose 114% to Rs76.1 crore. UBL said its volumes have grown 32% powered by a 36% growth in...

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Moneylife Digital Team 22 July 2010
Cement producer Birla Corporation Ltd said its first quarter net profit fell 23.9% to Rs Rs118.3 crore against Rs115.3 crore recorded in same quarter a year ago, despite a 20.5% increase in total revenues. In a regulatory filing the company said during the quarter its profitability was...

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Moneylife Digital Team 22 July 2010
IT solutions and services provider Omnitech InfoSolutions Ltd said its first quarter net profit rose 80% to Rs13.6 crore on robust revenues from domestic and Far East markets. During the quarter to end-June, Omnitech’s total revenues increased 75.35 to Rs74.56 crore from Rs42.5 crore, same...

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Moneylife Digital Team 22 July 2010
Tainwala Chemical And Plastic (I) Ltd said it appointed Dungarmal Tainwala as its compliance officer. On Thursday, Tainwala Chemical shares declined 1.2% to Rs16 on the Bombay Stock Exchange, while the Sensex closed 0.8% up at 18,113 points.

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Moneylife Digital Team 22 July 2010
Glenmark Pharmaceuticals Ltd said its subsidiary Glenmark Generics Ltd received an abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) for its norethindrone acetate tablets in 5mg. The company will start marketing and distribution of the product in...

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Pallabika Ganguly 22 July 2010
Developers have come down to terra firma after having jacked up rates to astronomical levels After the huge hike in property rates in Mumbai, developers are now offering discounts on properties, at least in the suburbs. Royal Palms, a property owned by Mumbai-based developer Royal Palms India...

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 Every day, my phone spews out text messages that promise me stocks that will reach for the skies, insurance products that give me usurious returns and freebies like gold coins. However, I am not biting             "Will you walk into my parlour, said the spider to the fly,            I have...

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Ravi Samalad 22 July 2010
The number of cheques released by AMCs to mutual fund distributors is dwindling as well as the number of active IFAs. The sweeping changes introduced by market regulator Securities and Exchange Board of India (SEBI) in the mutual fund industry are still showing their after-effects. According...

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Ravi Samalad 22 July 2010
The number of cheques released by AMCs to mutual fund distributors is dwindling as well as the number of active IFAs. The sweeping changes introduced by market regulator Securities and Exchange Board of India (SEBI) in the mutual fund industry are still showing their after-effects. According...

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Moneylife Digital Team 21 July 2010
Mumbai-based agrochemicals company Monsanto India Ltd registered a first quarter net profit of Rs58.7 crore against the loss of Rs8.5 crore for the quarter ending on 31 March 2010. During the quarter its total revenues increased to Rs201.8 crore from Rs28.31 crore in the March quarter. On...

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Moneylife Digital Team 21 July 2010
Chennai-based Orchid Chemicals & Pharmaceuticals Ltd said its first quarter net profit rose to Rs21.6 crore on standalone basis against the loss of Rs29.8 crore recorded in June quarter a year ago. Its total revenues for the June 2010 quarter declined to Rs303.5 crore from Rs305.8 crore, same...

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Moneylife Digital Team 21 July 2010
Panacea Biotec Ltd said its first quarter net profit rose 150% to Rs32.6 crore compared with Rs13 crore during the June quarter of previous year. During the period its total revenues increased to Rs253.9 crore, a growth of 43%, from Rs177.2 crore, same quarter a year ago, it said in a...

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Moneylife Digital Team 21 July 2010
The Great Eastern Shipping Company Ltd said its subsidiary Greatship Global Offshore Services Pte Ltd, has taken the delivery of a platform supply and support vessel from from Singapore-based Keppel Singmarine Pte Ltd. The vessel, Greatship Mamta, is a dynamically positioned (DP2) vessel,...

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Moneylife Digital Team 21 July 2010
Dhunseri Tea & Industries Ltd said it appointed KV Balan as its company secretary and compliance officer. Separately, the company also appointed R Mahadevan as the company secretary and compliance officer of its unit DI Marketing Ltd. On Wednesday, Dhunseri Tea shares ended flat at Rs164 on...

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Moneylife Digital Team 21 July 2010
Mumbai-based software company Rolta India Ltd said it signed a memorandum of understanding (MoU) with Central Board of Secondary Education (CBSE) for providing geospatial technology vocation course, for XI & XII standard students as the resource partner, No financials were disclosed. According...

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