INVESTOR INTEREST


Moneylife Digital Team 25 May 2010
IL&FS Transportation Networks Ltd said its joint venture has emerged as the lowest bidder for the Andhra Pradesh Road Development Corp’s (APRDC) Narketpally-Addanki-Medarametla road (SH-2) project. The estimated cost of the project is Rs1,196.84 crore. Mumbai-based IL&FS Transportation in a...

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Moneylife Digital Team 25 May 2010
Allahabad Bank said it appointed AB Bhattacharjee, as general manager (finance and accounts) and chief financial officer (CFO). On Tuesday Allahabad Bank shares ended 3.73% down at Rs151.15 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.71% down at 16,022.48 points.

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Moneylife Digital Team 25 May 2010
Aurobindo Pharma Ltd has said that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Valacyclovir Hydrochloride tablets 500 mg (base) and 1 g (base). Valacyclovir Hydrochloride tablets, which falls under the anti-infective therapeutic...

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Moneylife Digital Team 25 May 2010
Mastek Ltd said its US-based unit MajescoMastek has collaborated with Genpact to bring new model to help transform insurance carriers operations, leveraging both business process management and technology solutions. Both the companies are also planning to develop innovative platform-based...

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Moneylife Digital Team 25 May 2010
Gayatri Projects Ltd said its unit Gayatri Energy Ventures Pvt Ltd will set up a 1,320 MW (660 x 2 MW) phase I supercritical technology based thermal power plant, worth Rs6,869 crore, at Krishnapatnam in Andhra Pradesh, in a joint venture with Sembcorp Utilities Pte Ltd. The project is being...

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Moneylife Digital Team 24 May 2010
If the Sensex goes below 16,100, panic selling may start. If not, expect a laboured rise The market pared early gains to end slightly higher than its Friday’s close. The Sensex ended 24 points higher at 16,469 (0.1%) while the Nifty shut at 4,944, higher by 13 points (0.2%). The bourses...

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Moneylife Digital Team 24 May 2010
The stock shot up 25% on heavy volumes since early March 2010—almost three months before its deal with Abbott was announced. Will SEBI look into what appears to be a possible case of insider trading? On 21st May, Piramal Healthcare announced that it was selling a part of its business to...

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The new deal was possibly ordered by the political establishment and means little in real business terms, especially since it is inconceivable that Mukesh Ambani would get into finance and telecom The press release issued on Sunday afternoon was matter-of-fact: “Reliance Industries Ltd....

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The new deal was possibly ordered by the political establishment and means little in real business terms, especially since it is inconceivable that Mukesh Ambani would get into finance and telecom The press release issued on Sunday afternoon was matter-of-fact: “Reliance Industries Ltd....

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Ravi Samalad 24 May 2010
SEBI’s client-broker relationship guidelines throw up operational and cost challenges for brokers; they are seeking relaxation in the rules Market watchdog Securities and Exchange Board of India (SEBI), in its circular dated 3 December 2009, had laid out rules pertaining to the broker-client...

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Ravi Samalad 24 May 2010
SEBI’s client-broker relationship guidelines throw up operational and cost challenges for brokers; they are seeking relaxation in the rules Market watchdog Securities and Exchange Board of India (SEBI), in its circular dated 3 December 2009, had laid out rules pertaining to the broker-client...

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Moneylife Digital Team 24 May 2010
Mumbai-based Godrej Consumer Products Ltd said it has entered an agreement to acquire a 100% stake in Laboratoria Cuenca, Consell SA, Issue Uruguay and Issue Brazil (collectively referred to as ‘Issue Group’). No price details were provided. Godrej Consumer Products Ltd is a major player in...

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Moneylife Digital Team 24 May 2010
The Board of Directors of ICICI Bank Ltd approved the amalgamation of Bank of Rajasthan with itself. The proposed amalgamation is subject to the approval of shareholders of both banks and Reserve Bank of India (RBI), it said in a regulatory filing. The proposed amalgamation would...

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Moneylife Digital Team 24 May 2010
Hyderabad-based infrastructure development company, Madhucon Projects Ltd said it received a letter of award (LoA) from the National Highway Authority of India (NHAI) for four laning of Chhapra-Hazipur section on National Highway-19 in Bihar. The work involves constructing a 64 km highway on...

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Ashpreet Sethi 24 May 2010
Over the past few years, multiplexes have helped in bringing back audiences to the theatres. They remain ambitious on their plans for doing the same in the long run Over the past one-and-a-half years, falling consumer confidence and a slowdown in the real-estate sector has led to many major...

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Moneylife Digital Team 24 May 2010
Automotive parts maker Omax Auto Ltd said it installed 200 kWp rooftop solar photo voltaic (SPV) power generation projects, designed and developed by Moser Baer Photo Voltaic Ltd (MBPV) at their Manesar and Dharuhera facilities in Haryana.   These highly efficient and cost effective SPV...

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Moneylife Digital Team 24 May 2010
Take Solutions Ltd, provider of supply chain management (SCM) and life sciences (LS) products, said it promoted Shobana NS, its vice-president for finance and accounts as the new chief financial officer (CFO). Ms Shobana has over 15 years of expertise in strategic and operational aspects of...

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Moneylife Digital Team 22 May 2010
Arshiya International Ltd, a flagship company of the Arshiya Group, said that India's first free trade warehousing zone (FTWZ) near Mumbai, which was scheduled to be launched on 23 May 2010, has been delayed and will be launched by the end of July 2010. Besides Mumbai, Arshiya International...

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Moneylife Digital Team 22 May 2010
After the heavy hammering last week, markets may bounce back a bit next week The market was down 3% on a weekly basis on concerns over the Euro debt crisis affecting the global markets. Domestic indices plunged on Wednesday following the ban on speculative trading on Euro zone government bonds...

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KN Vaidyanathan, an executive director of SEBI, sees mutual fund companies evolving into a changed business model, based on simple products, ethical distribution and technology to reduce costs. This is the third and final story of a series The Securities and Exchange Board of India is...

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