INVESTOR INTEREST


Moneylife Digital Team 24 June 2010
In a rare outburst, heads of various mutual funds express displeasure with the regulator at an industry summit; also admit that rethinking is required about their own business Five days after the law ministry and finance ministry took the wind out of the sails of the Securities and Exchange...

Read More



Moneylife Digital Team 23 June 2010
SEBI chairman suggests that AMFI should seriously examine playing the role of a self-regulatory organisation. This idea was first mooted in 1994 and is of dubious merit because the concept of SRO does not quite work in India The capital markets regulator, Securities and Exchange Board of India...

Read More



Moneylife Digital Team 23 June 2010
As suspected, the Sensex was supported at around 16,000 and went up. A new short-term high is near if the world market remains bullish The market witnessed volatile trade on the rollover of positions by traders in the derivatives segment from the near month June contracts to July contracts,...

Read More



Moneylife Digital Team 23 June 2010
Apartment registrations in the metro fell by 25% in May on a month-on-month basis In Mumbai, registrations of residential apartments fell 25% in May, on a month-on-month basis, to 5,337. In April, the metropolis reported total transaction of 6,000 apartments.  According to a report by...

Read More



Moneylife Digital Team 23 June 2010
Punjab National Bank said it signed a memorandum of agreement (MoA) with Mauritius-based Principal Financial Group and Vijaya Bank for restructuring of their existing joint ventures. Both the lenders will continue to support Principal in the asset management company for next three years. PNB...

Read More



Moneylife Digital Team 23 June 2010
Shree Renuka Sugars Ltd said it completed a revised agreement to acquire a controlling stake in Brazil-based Equipav SA Acucar e Alcool. As per the new terms, the Renuka Sugars shall invest Rs45 crore in Eqipav leading to a majority, controlling stake of 50.34%. Equipav AA consists of sugar...

Read More



Moneylife Digital Team 23 June 2010
Vinati Organics Ltd said it started production of isobutylene (IB) at its new plant at Lote in Maharashtra. The plant has an installed capacity of 12,000 metric tonnes. Vinati Organics is a specialty chemical company producing organic intermediates, monomers and polymers. On Wednesday,...

Read More



Amritha Pillay 23 June 2010
The Central Electricity Authority (CEA) has listed eight States which will have surplus power by 2012. Out of these, Sikkim, Himachal Pradesh and Uttarakhand are most likely to generate significant surpluses According to Central Electricity Authority (CEA) data, around eight States are expected...

Read More



Moneylife Digital Team 23 June 2010
The stock cannot be compared to its competitors because they are not listed Ahmedabad-based Aster Silicates, a manufacturer of sodium silicate, hits the market tomorrow. The company has set the price band at Rs112-Rs118 per share and plans to raise Rs53.10 crore from the IPO. The issue opens...

Read More



Moneylife Digital Team 23 June 2010
The newly-entered fund house Pramerica Mutual Fund’s new fund offer comes with an option of a ‘dynamic plan’ that adjusts the fund’s exposure in tune with market valuation. It is a marketing gimmick—as the examples of three other funds show Pramerica Mutual Fund, sponsored by the US-based...

Read More



Moneylife Digital Team 23 June 2010
The newly-entered fund house Pramerica Mutual Fund’s new fund offer comes with an option of a ‘dynamic plan’ that adjusts the fund’s exposure in tune with market valuation. It is a marketing gimmick—as the examples of three other funds show Pramerica Mutual Fund, sponsored by the US-based...

Read More



Moneylife Digital Team 22 June 2010
The Sensex will hover around 17,600 before the next move The market witnessed a subdued closing today, as traders rolled over their position in the derivatives segment from the near-month June contracts to July contracts ahead of the expiry of the near-month June derivatives contracts on...

Read More



Moneylife Digital Team 22 June 2010
Price band fixed at Rs230-Rs240 The initial public offer (IPO) of Technofab Engineering Ltd, an engineering, procurement & construction (EPC) company, will open on 29th June and close on 2nd July. The shares will be offered at a price band of Rs230 to Rs240. The company will mop up...

Read More



Moneylife Digital Team 22 June 2010
Price band fixed at Rs230-Rs240 The initial public offer (IPO) of Technofab Engineering Ltd, an engineering, procurement & construction (EPC) company, will open on 29th June and close on 2nd July. The shares will be offered at a price band of Rs230 to Rs240. The company will mop up...

Read More



Pallabika Ganguly 22 June 2010
The industry is now offering unadvertised discounts to customers, after sky-high realty prices kept buyers away from the market Developers in Mumbai have finally started offering discounts on properties. Orchid Woods, a residential project in Goregaon (a Mumbai suburb) by DB Realty, is offering...

Read More



Moneylife Digital Team 22 June 2010
US-based Progress Software Corp said it launched its market surveillance and monitoring solution accelerator product in India which can do the job on a real time basis. The market surveillance and monitoring solution accelerator enables financial institutions, exchanges and market regulators to...

Read More



Moneylife Digital Team 22 June 2010
IClCl Bank Ltd said its shareholders approved the merger of Bank of Rajasthan with itself in an extraordinary general meeting held on 21st June. The amalgamation is subject to the approval of Reserve Bank of India (RBI) and such other approvals as may be required. The share exchange ratio has...

Read More



Moneylife Digital Team 22 June 2010
General Motors India said it introduced a cashless ownership offer on all of its Chevrolet range of vehicles, to enable customers to own a Chevrolet in the most affordable way. As part of the Chevrolet cashless ownership offer, the customer will only have to pay one-time subsidised amount...

Read More



Moneylife Digital Team 22 June 2010
Hindustan Dorr-Oliver Ltd (HDO) said it joined hands with Netherlands-based Bronswerk Heat Transfer BV (BHT) to manufacture BHT's critical equipments in India. Further this collaboration will also facilitate BHT to compete in the Europe, US and Middle East market. On Tuesday, HDO shares ended...

Read More



Moneylife Digital Team 22 June 2010
Sun Pharmaceutical Industries Ltd said it received an abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) to market a generic version of Optivar, azelastine ophthalmic solution, 0.05%, in the US. This sterile azelastine hydrochloride ophthalmic...

Read More

Free Helpline
Legal Credit
Feedback