INVESTOR INTEREST


Moneylife Digital Team 11 June 2010
Axis MF has added 1.56 lakh folios since November 2009 while JPMorgan, ING Investments and HSBC MF have seen their folios dwindling Equity funds have lost 2.87 lakh investor accounts between November 2009 and May 2010 when the mutual fund (MF) industry witnessed the launch of 10 new equity...

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Moneylife Digital Team 11 June 2010
Axis MF has added 1.56 lakh folios since November 2009 while JPMorgan, ING Investments and HSBC MF have seen their folios dwindling Equity funds have lost 2.87 lakh investor accounts between November 2009 and May 2010 when the mutual fund (MF) industry witnessed the launch of 10 new equity...

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Moneylife Digital Team 11 June 2010
Vadodara-based engineering company Jyoti Ltd is poised for a rapid growth following the remarkable turnaround that it has shown in the last couple of years. The company undertook a major financial restructuring programme and has emerged successfully wiping out all its accumulated losses and is...

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Moneylife Digital Team 11 June 2010
Reliance Industries Ltd (RIL) has made its sixth oil discovery in the Gujarat block Cambay Basin-ONN-2003/1 (CB 10 A&B), awarded under the New Exploration Licensing Policy (NELP) V round of exploration bidding.   The well CB10A-T1 was drilled to a total depth of 1,500 m in the block...

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Moneylife Digital Team 11 June 2010
VE Commercial Vehicles Ltd (VECV) would invest Rs290 crore at its Pithampur plant in Madhya Pradesh for the production and final assembly of the Volvo Group's new global medium-duty engine platform. VECV is a joint venture between India's Eicher Motors and Sweden's Volvo. VECV is already...

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Sanket Dhanorkar 11 June 2010
With a severe shortfall of manpower looming large, bank unions have made demands with IBA and the AK Khandelwal committee for restoration of BSRB and bringing salaries on par with private sector banks and other industries It is estimated that public sector banks (PSBs) are likely to witness a...

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Moneylife Digital Team 11 June 2010
The first target of 17,100 has been reached; it will be a big struggle to reach the second target of 17,300 The market was up today on strong global cues. The Sensex settled at 17,065, up 142 points (0.8%) and the Nifty ended at 5,119, up 40 points (0.7%). The benchmarks started with a sharp rise...

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Moneylife Digital Team 11 June 2010
Vivek Bahl, creative head, Star India speaks on the challenges facing the TV industry in a discussion with Moneylife Moneylife (ML): Channels are proliferating, but the revenue models of a number of them seem to be under severe pressure. Can the industry sustain the number of channels that...

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Amritha Pillay 11 June 2010
States like Gujarat, Haryana and Punjab have allowed their industrial customers to purchase power in the open market and tried to solve their power deficit problem to some extent. Maharashtra, on the other hand, continues to refuse open access permission to its industrial customers While...

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Pallabika Ganguly 10 June 2010
TDR prices will go up as a lot of demand for these rights has been created now by the court’s decision. Ergo, real-estate prices may go up further The Bombay High Court on Thursday dismissed the Maharashtra government's decision to increase the floor space index (FSI) in Mumbai's suburbs from 1...

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Moneylife Digital Team 10 June 2010
As suggested yesterday, the market rallied. We expect the market to hit 17,100 and possibly 17,300 in this stretch The market was up in the morning session, taking cues from its Asian counterparts. The Sensex shut at 16,922, up 264 points (1.6%) and the Nifty settled at 5,078, up 78 points...

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Possibility of major US hurricanes, hotter-than-normal US summer weather and robust core demand v/s supply will impact natural gas prices over the next six months Natural gas has seen some violent moves in the past few weeks. It rose by 30% in five weeks, but has declined by 5% in the last...

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Moneylife Digital Team 10 June 2010
HCL Technologies Ltd (HCL), a leading global IT services provider, has entered strategic partnership with Callatay & Wouters (C&W), a leading provider of innovative IT solutions and services to retail, private, and direct banks. The partnership will be focused on delivering C&W's proven...

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Moneylife Digital Team 10 June 2010
Tata Communications (Hong Kong) Ltd, a wholly-owned indirect subsidiary of Tata Communications Ltd and the shareholders of China Entercom Communications Ltd (CEC) have jointly withdrawn their equity joint venture application with the Chinese government. Both organisations have mutually agreed to...

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Moneylife Digital Team 10 June 2010
JSW Energy Ltd has entered a memorandum of understanding (MoU) with Osho Venture FZCO, Dubai (Osho) and Indian Ocean Mining (Pty) Ltd, South Africa with an intention to acquire 70% equity interest in Indian Ocean Mining from Osho. Indian Ocean Mining has certain coal prospecting rights in...

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Moneylife Digital Team 10 June 2010
Reliance Power Ltd has said that its wholly owned subsidiary, Reliance Coal Resources Ltd, has entered share purchase agreements to acquire the entire share capital of two coal companies in Indonesia. These two Indonesian companies own three coal mines in Indonesia. The coal from these mines...

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Sanket Dhanorkar 10 June 2010
The mandatory 25% public shareholding norm in listed companies has raised speculation over delisting and stake sales. Investors need to look at the bigger picture The Street is abuzz with speculation that foreign companies will choose to delist shares and that several Indian companies will sell...

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Moneylife Digital Team 10 June 2010
Hyderabad-based Nagarjuna Construction Company Ltd has secured orders aggregating to Rs791 crore. The company has secured two orders worth Rs309 crore from the Ministry of Health & Family Welfare, New Delhi for construction of a medical college and hostel at All India Institute of Medical...

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Moneylife Digital Team 10 June 2010
National Fertilizers Ltd (NFL) has appointed Rajesh Aggarwal as the director (technical) of the company. Before this, he was functioning as executive director, Rashtriya Chemicals & Fertilizers Ltd (RCF) at Thal unit in Alibag, Maharashtra. Mr Aggarwal has vast experience in operations of...

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Moneylife Digital Team 10 June 2010
Mumbai-based Larsen & Toubro's (L&T) Metallurgical, Material Handling & Water Operating Company, part of its construction division, has secured orders aggregating Rs747 crore from Coal India Ltd, Indiabulls Power Ltd and Hindalco Industries Ltd. In material handling sector, L&T has secured a...

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