INVESTOR INTEREST


Moneylife Digital Team 15 July 2010
Earlier, the open offer was challenged in the Israeli Supreme Court, which prohibited the Mumbai-based company from closing the offer until a ruling was delivered in other cases related to the takeover Indian pharmaceutical major Sun Pharmaceutical today said that a US court has dismissed a...

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Munira Dongre 15 July 2010
From delisting to potential restructuring, investors are betting on a variety of triggers for the stock to rally A host of hopes such as delisting, settlement with the government, quicker turnaround of its South African business (Neotel), potential restructuring of Tata Group's telecom...

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Munira Dongre 15 July 2010
From delisting to potential restructuring, investors are betting on a variety of triggers for the stock to rally A host of hopes such as delisting, settlement with the government, quicker turnaround of its South African business (Neotel), potential restructuring of Tata Group's telecom...

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Under the new regime on ULIPs that is supposed to be in place from 1st September, private insurance companies would lose out to LIC Unit-linked insurance plans (ULIPs), the mainstay of insurance companies, would become less attractive from 1st September. The Insurance Regulatory and Development...

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Birla Corporation had rewarded handsomely earlier. Worth looking at it again In our quest to discover reasonably valued stocks that have a strong growth momentum, we suggest considering Birla Corporation, a stock that we have analysed before and one that has rewarded our readers handsomely....

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Moneylife Digital Team 15 July 2010
My Fair Lady (Rs8) My Fair Lady manufactures personal-care products like perfumes, sprays and combs. It markets its products under the brand name My Fair Lady which is owned by the promoter company. It has consistently made losses over the past nine quarters. Operating loss was in the...

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Sanket Dhanorkar  and   Pratibha Kamath 15 July 2010
Fund houses come out with new versions of poorly performing schemes; it’s not surprising that their performance is no better It is true that consistently performing mutual fund schemes are a rarity in India. Most of the schemes available in the market yield paltry returns, failing to even...

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Venus Remedies is cheap but not growing fast as yet This is not yet a growth stock and demands patience. Venus Remedies makes anti-infective, oncology, cardiovascular and neurology products from its manufacturing facilities in Panchkula and Baddi (India), and Werne (Germany). In Panchkula,...

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High expectations are built around Cairn’s performance next year Cairn India is a complete contrast to Venus. It is not a value stock; it is a growth stock. It is growing fast and is expensive. Cairn India is in oil what Reliance Industries is in gas. While Reliance has huge gas fields which...

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Moneylife Digital Team 14 July 2010
The market should continue to move up, subject to dips The market traded on a firm footing in the early session; however, gains were erased by weak European markets and profit-booking towards the fag end of the session. The Sensex closed at 17,938, down 48 points (0.2%) and the Nifty shut at...

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Not just big hospitals, but smaller medical consultants and nursing homes are also facing trouble from TPAs. Is it time to cut out the middleman? Even as top hospitals in the cities have been facing several issues with third-party administrators (TPAs), it now appears that the problem extends...

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Moneylife Digital Team 14 July 2010
Moneylife had reported on 6th May that Piramal Healthcare may be up for sale. The company was claiming that it was planning to acquire smaller labs for growth. Now it has been sold out to Super Religare Lab Piramal Healthcare is set to sell off its diagnostics unit to Super Religare...

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Moneylife Digital Team 14 July 2010
The complaint has been filed under sections 3 and 4 of the Competition Act, which pertains to anti-competitive agreement and abuse of dominant position, respectively Reliance Industries (RIL) has moved the Competition Commission of India (CCI) alleging state-owned oil firms Indian Oil...

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Moneylife Digital Team 14 July 2010
The company has submitted the investment plan to the oil regulator Director General of Hydrocarbons along with a proposal for declaring the discovery as commercially viable State-owned Oil and Natural Gas Corporation (ONGC) plans to invest $4.05 billion in producing natural gas from its ultra...

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Moneylife Digital Team 14 July 2010
Larsen & Toubro Ltd (L&T) said its floating systems business unit has won an offshore rig refurbishment contract, worth Rs376 crore, from Oil & Natural Gas Corp (ONGC).  L&T’s facilities at Sohar, Oman and Hazira and engineering offices of L&T-Valdel in Faridabad, Bangalore and Chennai will be...

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Moneylife Digital Team 14 July 2010
Bangalore-based Easun Reyrolle Ltd (ERL) said it received a turnkey automatic meter reading (AMR) contract from Infosys Technologies Ltd which is valued at Rs32 crore. The contract is for the implementation of meter data acquisition solution covering 60,000 distribution transformers and...

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Moneylife Digital Team 14 July 2010
Kolkata-based Stone India Ltd said it will enter solar power projects through its recently created special purpose vehicle (SPV) called Stone Solar Pvt Ltd. Stone Solar will set up a number of solar farms at rooftop locations and vacant lands. It has submitted its initial proposal of 1 MW plant...

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Moneylife Digital Team 14 July 2010
Tata Power Ltd said it registered its Khandke Wind Farm in Maharashtra with the United Nations Framework Convention on Climate Change (UNFCCC) as a clean development mechanism (CDM) project. The company’s 50.4MW Khandke Wind Farm was commissioned in December 2007. The project is expected to...

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Moneylife Digital Team 14 July 2010
Engineering company GEI Industrial Systems Ltd said it won two orders, worth Rs64 crore, from the power sector for the supply of air cooled steam condensers. The company will set up power plants for Ind-Barath Thermal Power Ltd at Tuticorin in Tamil Nadu. It will also set up a captive power...

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Moneylife Digital Team 14 July 2010
Glenmark Pharmaceutical Ltd said its unit received abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) to introduce Theophylline extended-release tablets in the US market. Theophylline extended-release tablets, used in treatment of chronic asthma...

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