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Moneylife Digital Team 28 June 2010
As we suggested on Friday, the market went on to rise but a reversal can hit anytime. Watch out for 17,800 The market ended in the green on the positive sentiment triggered by the fuel price deregulation announced last Friday and the good monsoon forecast. The Sensex surged 200 points at 17,774...

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Moneylife Digital Team 28 June 2010
The country's car exports registered a robust growth of 33.23% in the last fiscal, which was fuelled by a scrappage scheme rolled out by many European nations to boost small-car sales The government today said the country's total vehicle export is likely to increase by up to 15% in the...

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Ravi Samalad 28 June 2010
Its IPO, opening tomorrow, values the company lower than its competitors Technofab Engineering Ltd (TEL) hits the capital market on 29 June 2010. TEL offers engineering, procurement and construction (EPC) services for various balance of plant (BoP) packages-for sectors like conventional power,...

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Moneylife Digital Team 28 June 2010
Investors have an option to donate half or full dividend from this fund to the Indian Cancer Society, a non-profit organisation which provides financial support to needy cancer patients Want to mix some charity with growing your wealth? Look at HDFC Cancer Fund. HDFC Mutual Fund filed its draft...

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Moneylife Digital Team 28 June 2010
Investors have an option to donate half or full dividend from this fund to the Indian Cancer Society, a non-profit organisation which provides financial support to needy cancer patients Want to mix some charity with growing your wealth? Look at HDFC Cancer Fund. HDFC Mutual Fund filed its draft...

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Moneylife Digital Team 28 June 2010
Though this is the seventh oil discovery in the block, the company has yet not put a reserve estimate for any of the oil finds in the area Reliance Industries (RIL) today said that it has made a seventh oil discovery in the Gujarat block, reports PTI. The well, CB10A-N1 encountered...

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Moneylife Digital Team 28 June 2010
Sector or theme-based funds do not perform well. Will L&T Banking & Financial Services Fund be an exception? With expectations of 20%-22% credit growth in the coming years on the back of the finance ministry’s expectations of 8.5% plus GDP growth in 2010-11, L&T Mutual Fund is planning to...

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Moneylife Digital Team 28 June 2010
Sector or theme-based funds do not perform well. Will L&T Banking & Financial Services Fund be an exception? With expectations of 20%-22% credit growth in the coming years on the back of the finance ministry’s expectations of 8.5% plus GDP growth in 2010-11, L&T Mutual Fund is planning to...

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Another short-term dip may start soon The short-term top when the recent market decline started on 15th April has not been scaled still. Two weeks ago, I had suggested that “the only silver lining is that pessimism about global economy is running deep. This always sets the stage for a snapback...

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Moneylife Digital Team 26 June 2010
Decline may start if the Sensex cannot cross 18,000 in the next few days The domestic market ended almost flat on a weekly basis. The week started with a strong gain taking cues from the Asian markets which was on a high on the Chinese government's decision of freeing the Chinese currency....

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Moneylife Digital Team 25 June 2010
But bears are swiping again and the bulls are beginning to look tired The market witnessed a subdued trading session today on dismal global cues but oil & gas stocks gained on the news of the government's decision to decontrol petrol prices. The Sensex closed at 17,574, down by 155 points...

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Moneylife Digital Team 25 June 2010
Valuations of most sectors have jumped substantially during the past financial year, but operating growth has failed to justify the rise During the financial year 2009-10, several sectors of the economy rebounded from the downturn brought about by the financial crisis of 2008. While this...

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Pallabika Ganguly 25 June 2010
The State is planning a single-window clearance for different housing projects, similar to the facility already in place for slum rehabilitation projects The State government is planning to create a single-window clearance for different projects like cluster development and affordable housing,...

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Amritha Pillay 25 June 2010
IL&FS Private Equity plans to take its current infrastructure investment of $660 million to close to $1 billion by the end of this financial year. The fund company is looking for a number of deals both in the infrastructure and real-estate space IL&FS Private Equity plans to take investments in...

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Moneylife Digital Team 25 June 2010
HN Sinor, chief executive of mutual fund body AMFI, feels that the industry will go through a rough patch for at least six more months Now that the finance ministry has granted the Insurance Regulatory and Development Authority (IRDA) regulatory supervision over Unit-linked Insurance Plans...

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Moneylife Digital Team 25 June 2010
HN Sinor, chief executive of mutual fund body AMFI, feels that the industry will go through a rough patch for at least six more months Now that the finance ministry has granted the Insurance Regulatory and Development Authority (IRDA) regulatory supervision over Unit-linked Insurance Plans...

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Moneylife Digital Team 25 June 2010
Operators are expected to launch their 3G services in the first quarter of next year The government today said it would allot third generation (3G) spectrum to successful bidders on 1st September, and rejected the criticism of faulty auction process leading to high prices by leading operators,...

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Moneylife Digital Team 25 June 2010
ACI Infocom Limited (Rs18) ACI Infocom mainly distributes IT hardware products. It also focuses on delivering IT and telecom solutions & services. In the December 2008 quarter, the company posted sales of Rs4.30 crore and an operating profit of Rs27 lakh. But, surprisingly, in the March...

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Moneylife Digital Team 25 June 2010
Suzlon Energy Ltd said its  China-based subsidiary Suzlon Energy (Tianjin) Ltd  won a 48.3MW order from a wind power producer. No financial details were provided. The contract includes 23 sets of S88 (LTV-50Hz) turbines with a rated power of 2.1 MW. The turbines will be delivered in FY 2010-11...

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Moneylife Digital Team 25 June 2010
Bangalore-based GMR Infrastructure Ltd said its consortium with Malaysia Airports Holdings Berhad (MAHB) won a bid to build, operate, modernise and expand the Male International Airport (MIA) in Maldives. No financial details were provided. MIA includes the sea-plane port. The mandate is for...

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