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Ravi Samalad 08 February 2010
Sameer Sain had come from Goldman Sachs to make Future Capital Holdings a financial powerhouse. The stock listed at Rs909 in February 2008 and is down 81% in two years. Sain has now stepped down as MD & CEO As Sameer Sain steps down from Future Capital Holdings (FCH), one more bull-market...

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Moneylife Digital Team 06 February 2010
Moneylife Knowledge Centre set up by the Moneylife Foundation in Mumbai will supplement the efforts of regulators and providers of financial services at spreading financial literacy and redressing grievances. Sanjay Nirupam, Member of Parliament, on Saturday inaugurated the Moneylife...

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Swapnil Suvarna 06 February 2010
We expect the market to rally to about 16,500 and possibly to 17,000 before pausing or going down again Last week we had said that the Sensex has support at 16,600. If this support is breached, we may see another round of sell-offs, all the way down to 15,500. Indeed, the Sensex tried to...

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Swapnil Suvarna 05 February 2010
Concerns over global economic recovery weighed heavily on Indian markets Indian markets slipped again for the second day on the back of weak global cues. Rocketing sovereign debt problems in Europe and an unexpected rise in US jobless claims raised fresh concerns over global economic...

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Debashis Basu  and   Sanket Dhanorkar 05 February 2010
With an eye on better valuations, NTPC adopted the ‘French Auction’ model for its follow-on public offer. The lukewarm response to the issue is prompting a rethink on this mechanism In a first for an Indian company, state-run power utility NTPC Ltd took recourse to the ‘French Auction’ route...

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Debashis Basu  and   Ravi Samalad 05 February 2010
Apart from managing the issue at zero fees, lead managers are even paying all other expenses such as legal and listing fees The Indian government is planning to raise as much as Rs30,000 crore through disinvestment of state-run units, but it has refused to pay any fees and even expenses to...

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Ravi Samalad 05 February 2010
ARSS Infrastructure plans to raise Rs103 crore with its upcoming IPO, while its main promoter is an accused in a murder case Orissa-based ARSS Infrastructure Ltd is planning to enter capital markets to raise Rs103 crore with an initial public offering (IPO) that would open on 8th February and...

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Ravi Samalad 04 February 2010
Following the implementation of the new trail commission rules, some fund distributors are getting cleints to sign a changeover without their explicit consent Following the Securities and Exchange Board of India (SEBI) direction to the Association of Mutual Funds in India (AMFI) to implement...

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Ravi Samalad 04 February 2010
Following the implementation of the new trail commission rules, some fund distributors are getting cleints to sign a changeover without their explicit consent Following the Securities and Exchange Board of India (SEBI) direction to the Association of Mutual Funds in India (AMFI) to implement...

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Swapnil Suvarna 04 February 2010
Weak global cues weighed heavily on Indian markets Indian markets slipped ahead of rate decisions from the European Central Bank and the Bank of England later in the day, and on the back of weak global cues. The Sensex closed at 16,225, down 271 points from the previous day’s close while the...

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Swapnil Suvarna 03 February 2010
Strong economic data and global cues helped the Indian markets to gain momentum Indian markets gained momentum today on strong response to NTPC’s follow-on public offer (FPO) and robust services sector data for January 2010. The markets also gained on back of positive global cues. At the end...

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Big expensive advertisements in national newspapers and a blitz of fancy TV commercials are fetching only a few thousand applications The government is planning to raise as much as Rs30,000 crore through disinvestment of PSU shares. But it is not clear where the subscription is going to come...

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Moneylife Digital Team 03 February 2010
Customers who have booked property in Lodha’s much-touted project are still struggling to get possession of their flats Have you ever heard of a home buyer being charged an interest by a developer on a balance amount that the home loan company is not ready to pay due to incomplete work? Here...

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Moneylife Digital Team 03 February 2010
The SEBI board met on 2nd February to discuss the alleged failure of NSDL during the IPO scam of 2003-2005. There is no official word yet on what the Board has decided, only selective leaks Stock market regulator, the Securities and Exchange Board of India (SEBI), held a Board meeting on 2...

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Swapnil Suvarna 02 February 2010
Heavy selling pulled down Indian bourses despite a strong opening Indian markets opened strongly during the day after the latest data showed a jump in manufacturing activity across the US. However, markets slipped massively towards the end of the day as investors turned cautious ahead of the...

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Ravi Samalad  and   Sanket Dhanorkar 02 February 2010
Now that trail commission has started going to new distributors, banks and large distributors are scrapping over acquiring clients, which would soon land fund companies in a big mess The dust has not yet settled on the trail commission issue and already fund distributors are gunning for each...

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Amritha Pillay 02 February 2010
HCC will tie up with international players for mega-expressways, to tap investments and obtain operational expertise Hindustan Construction Co Ltd (HCC) is planning to tie up with international players to bid and develop mega-expressways that the ministry for road transport & highways will...

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Swapnil Suvarna 01 February 2010
Strong manufacturing data pushed up Indian bourses After slipping on the back of weak global cues, Indian markets regained momentum and ended flat after the latest data showed that the manufacturing sector grew at its fastest pace in almost 1-1/2 years in January 2010. The Sensex declined 2...

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Ravi Samalad 01 February 2010
Hansen stake divestment helped Suzlon retire debt, leading to an overall debt reduction of 15%, but operating profits were down 65% for the December quarter Suzlon Energy, the wind turbine supplier which has been reporting losses since December 2008, has unexpectedly reported a small profit...

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Moneylife Digital Team 01 February 2010
The market fell in January. Based on past patterns, what should we expect? Here is a study of the historical behaviour of the markets over the past 25 years The year has not at all begun well for the stock markets. The Sensex ended the month of January with a 6% decline over December of last...

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