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Moneylife Digital Team 12 May 2014
The  $21  million  two-phase  financing  from Cipla will  support  Phase  2a and  Phase  2b clinical  trials  for Chase’s lead drug CPC201 Cipla Ltd said it invested $1.5 million for buying a 14.6% stake in US-based Chase Pharmaceuticals Corp. The investment will be done through Cipla's...

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Moneylife Digital Team 12 May 2014
For FY14, Andhra Bank reported fall in its net profit to Rs436 crore due to 2.3 times higher provisions and increasing NPAs Andhra Bank Ltd reported lower net profit in FY2013-14 due to increasing non-performing assets (NPA) and provisions.   For the 12 month to end-March, the...

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Moneylife Digital Team 12 May 2014
The products, platform and solutions-PPS business of Infosys has not performed as expected, except its Finacle core banking unit. This may have prompted Infosys to hive off PPS business to its unit Edgeverve Systems Infosys Ltd on Monday hived off its products and platform business into...

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Is a Modi victory already factored in, in the current rally? On 28th March, the Sensex closed at 22,340. Seven weeks later, the index was struggling at 22,344, until a monster 650-point rally pushed the Sensex to just shy of 23,000 when it somehow dawned on the market that Narendra Modi...

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Moneylife Digital Team 12 May 2014
Eicher Motors reported first quarter net profit to Rs160.62 crore on robust sales growth of its Royal Enfield Motorcycle business and exports Eicher Motors Ltd, the producer of iconic ‘Royal Enfield’ or Bullet brand motorcycles in India, recorded a higher first quarter net profit on...

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Moneylife Digital Team 10 May 2014
The market shot up on expectations of strong showing by BJP and NDA. If so, the indices will stay buoyant till 16th. The BSE 30-share Sensex closed the week that ended on 9th May, at 22,994.23 (up 590 points or 3%), while the NSE’s 50-share Nifty closed at 6,858.80 (up 164 points or 2%)...

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Moneylife Digital Team 09 May 2014
Nifty is likely to continue to trend higher until May 16th The Indian market started on started on a sedate note and fell mildly into the negative as well.  After this, around 12:00 noon, it began its monster rally and closed at its new life time high. Both Sensex and Nifty made the...

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Moneylife Digital Team 09 May 2014
During Q3, Accelya Kale Solutions reported higher net profit on one time gains from contract termination fees and forex Accelya Kale Solutions Ltd (Accelya), an information technology consulting and software company, reported a higher third quarter net profit mainly due to its one-time...

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Moneylife Digital Team 09 May 2014
Except two wheelers, all other segments like cars, CVs, LCVs reported a fall in sales during April, says SIAM The auto industry begin FY15 with declining sales in most segments during April, says Society of Indian Automobile Manufacturers (SIAM).   According to the data released...

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Moneylife Digital Team 09 May 2014
For FY14, Union Bank of India reported fall in its net profit to Rs1,696 crore due to higher non performing assets and provisions Union Bank of India (UBI) reported lower full year net profit due to increasing non performing assets (NPAs) and provisions. For the 12 month to...

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Moneylife Digital Team 08 May 2014
Market currently directionless on account of big investors abstaining from the market Each day the effort to revive by the benchmarks is being met with more weakness. On Thursday, the indices opened in the green and tried edging higher but by 11am lost its strength and started trending...

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Moneylife Digital Team 08 May 2014
During the March quarter, Aditya Birla Chemicals' net profit fell 91% even as its sales rose 33% Aditya Birla Chemicals (India) Ltd shares fell over 18% on Thursday following a steep fall in its March quarter net profit. For the quarter to end-March, Aditya Birla Chemicals' net...

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Moneylife Digital Team 08 May 2014
Following the arrest of Jignesh Shah in the Rs5,600 crore NSEL scam, shares of MCX tumbled 9.38% to Rs483.55 while FTIL fell 5% to Rs276.70 in early trade on Thursday Shares of Multi Commodities Exchange of India Ltd (MCX) and Financial Technologies (India) Ltd (FTIL) slumped as much as...

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Moneylife Digital Team 08 May 2014
For FY14, Lupin reported higher net profit at Rs1,836 crore due to growth of its API and formulation business in US and Europe Lupin Ltd (Lupin), a generic pharmaceutical company reported a higher full year net profit on strong sales growth of its formulation and API business in key...

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Moneylife Digital Team 08 May 2014
For FY14, Kajaria Ceramics reported higher net profit at Rs124 crore on 16% growth in its sales Kajaria Ceramics, India's largest manufacturer of ceramic tiles, posted a full year net profit due to robust sales growth. For the 12 months to end-March, Kajaria Ceramics said its...

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Moneylife Digital Team 07 May 2014
Nifty having fallen below 6,790, its recent uptrend is broken for now The Indian market on Wednesday gave up more than the gains it made in the past two days of trading. The indices opened almost at the same level as Tuesday's closing, after which it traded in the green for a few...

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Moneylife Digital Team 07 May 2014
For FY14, Syndicate Bank reported a fall in its net profit to Rs1,711 crore due to slower growth in its net interest income and increase in net non performing assets Syndicate Bank reported a fall in its full year net profit due to slower growth in its net interest income (NII) and more...

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Moneylife Digital Team 07 May 2014
For FY14, Titan net profit remained flat at Rs741.14 crore on slower  demand Titan Co Ltd (Titan) earlier know as Titan Industries, posted a flat full year net profit on subdued demand in challenging markets. For the 12 month to end-March, the Tata group unit said its net profit...

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Moneylife Digital Team 06 May 2014
For FY14, HDFC reported higher net profit of Rs5,440 crore following growth in its loan portfolio by 16% and revenues by 14% Housing Development Finance Corporation Ltd (HDFC) reported higher full year net profit mainly on increase in its loan portfolio and revenues. For the 12...

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Moneylife Digital Team 06 May 2014
Nifty should close strongly above 6,740 for any upmove We had mentioned in Monday’s closing report that NSE 50-share Nifty has to close above 6,715 to regain strength. On Tuesday, although the index managed to open above this level, it edged higher in first few minutes of trading only to...

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