INVESTOR INTEREST


Moneylife Digital Team 06 August 2010
Chennai-based BGR Energy Systems Ltd said it signed a joint venture agreements with Japan-based Hitachi Ltd and Germany-based Hitachi Power Europe GmbH to set up boiler and turbine manufacturing facility with an investment of Rs3,000 crore in India. BGR Turbines Company (P) Ltd, the joint...

Read More



Moneylife Digital Team 06 August 2010
Chennai-based education services provider EdServe Softsystems Ltd said its first quarter net profit rose 210% to Rs6.9 crore from Rs2.2 crore in the same quarter last year on robust revenues. During the quarter to end-June, EdServe's total revenue increased 364% to Rs21.5 crore from Rs4.6...

Read More



Moneylife Digital Team 06 August 2010
Fortis Healthcare Ltd reported a consolidated net loss of Rs14.3 crore for the quarter ended 30 June 2010 as compared to net profit of Rs7.6 crore for the same quarter last year, despite robust revenues. Its total revenues increased to Rs371.6 crore for the quarter ended 30 June 2010 from...

Read More



Moneylife Digital Team 06 August 2010
ICICI Prudential MF launches ICICI Prudential FMP - Series 53 - 3 Years Plan A ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan (FMP) - Series 53 - 3 Years Plan A. The scheme in close ended debt fund. The scheme has opened on 5 August 2010 and will close on 18...

Read More



Moneylife Digital Team 06 August 2010
New Delhi: The government today admitted that certain banks were not following guidelines on opening no-frill, zero balance accounts in rural areas and said efforts were being made to make banking facilities available to remotest part of the country through various means, reports PTI. Finance...

Read More



Dr KC Chakrabarty is not the first to roil markets with comments. But he is the first Deputy Governor to pay a stiff price. Successive RBI governors and deputy governors have easily got away for very serious lapses of judgment or inaction Evidence that Dr K C Chakrabarty, Deputy Governor of the...

Read More



Amritha Pillay 06 August 2010
The Paradip port iron ore berth project awaits financial closure as port authorities are yet to obtain environment clearance for the project A number of Indian infrastructure projects are inching along towards completion due to environmental issues. The Paradip iron ore berth project, which was...

Read More



Moneylife Digital Team 06 August 2010
Global market cues point out to a cautious-to flat opening for the Indian market today. US markets closed in the red on Thursday on a sudden rise in initial jobless claims and consumer spending trends indicated lower-than-expected retail sales in July. Markets in Asia, weighed down by the 

Read More



Moneylife Digital Team 05 August 2010
New Delhi: In a major breach of licence terms and conditions, Birla group firm Idea Cellular has issued a whopping 3,640 connections to a single person and his company, endangering national security, reports PTI. "Yes, Idea Cellular had issued 3,640 post-paid connections to a single person...

Read More



Moneylife Digital Team 05 August 2010
In order to ensure updated public dissemination of shareholding pattern, the market regulator has mandated for companies to file revised shareholding pattern, if there is any change of over 2% in its shareholding Market regulator Securities and Exchange Board of India (SEBI) has asked companies...

Read More



Moneylife Digital Team 05 August 2010
Mumbai-based Varun Shipping Company Ltd registered a net profit of Rs23.5 crore for the 30 June 2010 quarter as compared to Rs1.9 crore in the same quarter a year ago. During the June 2010 quarter, the company's total revenue increased to Rs240.6 crore from Rs222.2 crore in June 2009 quarter, it...

Read More



Moneylife Digital Team 05 August 2010
Birla Sun Life Insurance Co Ltd said it appointed Jayant Dua as its managing director Prior to Birla Sun Life Insurance, Mr Dua spearheaded Aditya Birla Insulators (ABI) in the capacity of president and chief executive officer (CEO), the company, a unit of Aditya Birla Nuvo Ltd, said in a...

Read More



Moneylife Digital Team 05 August 2010
Glenmark Pharmaceuticals Ltd said its unit Glenmark Generics received abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) to sell Ciotrimazole cream USP 1% in that country. Clotrimazole is used for the topical treatment of candidiasis due to...

Read More



Moneylife Digital Team 05 August 2010
Steelmaker JSW Steel Ltd reported a growth of 4% in crude steel production for July 2010 compared a year ago period. The company's crude steel production increased to 5.2 lakh tons in July from 5.01 lakh tons in same month last year. During July, its rolled products (flat) production...

Read More



Moneylife Digital Team 05 August 2010
Engineering and construction company Larsen & Toubro Ltd (L&T) said its metallurgical material handling and water operating unit won engineering, procurement and construction (EPC) orders, worth Rs1,749 crore, from state-run SAIL and BALCO. The unit along with Italy-based Paul Wurth received...

Read More



Moneylife Digital Team 05 August 2010
Reliance Industries Ltd (RIL) said it will buy 60% stake in US-based Carrizo Oil and Gas Inc for $392 million. RIL said its subsidiary, Reliance Marcellus II will enter in a joint venture with Carrizo Oil. The total payout of $392 million comprises $340 million cash and $52 million of...

Read More



Moneylife Digital Team 05 August 2010
Kotak MF announces dividend under Kotak Quarterly Interval Plan Series 6 Kotak Mutual Fund has approved the declaration of dividend under the dividend option of Kotak Quarterly Interval Plan Series 6. The quantum of declaration will be 100% of distributable surplus as available under the...

Read More



Moneylife Digital Team 05 August 2010
New Delhi: The government will soon unveil an investment policy for the urea sector, which would also help revive eight public sector urea factories now lying closed, reports PTI. "A new investment policy is being worked out. It will be unveiled within a month," minister of state for chemicals...

Read More



Moneylife Digital Team 05 August 2010
New Delhi: Bharti Airtel, Vodafone, Reliance Communications (RCom) and other GSM telephone operators owe government over Rs451 crore in license fee and spectrum charges, reports PTI. "The total amount outstanding including interest against GSM operators as on 31 March, 2010 is Rs451.74 crore,"...

Read More



Moneylife Digital Team 05 August 2010
Cement companies report fall in net sales and net profits due to sluggish demand and fall in prices Most cement companies - except for Ambuja Cements - have reported a fall in their net profits for the June quarter. Sluggish demand along with oversupply in the market has led the sector's...

Read More

Free Helpline
Legal Credit
Feedback