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Pallabika Ganguly  and   Amritha Pillay 14 January 2010
The company plans to increase revenue up to Rs1,400 crore by 2013 and is targeting an investment of Rs500 crore by 2013, across various segments Future Logistics Solutions Ltd said that it expects its revenue to increase to Rs1,400 crore by 2013 from Rs200 crore in FY09. Company officials...

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Moneylife Digital Staff 14 January 2010
While analysts and commentators are celebrating an industrial revival, order inflow for EPC companies have witnessed a 6% decline qoq and 14% decline yoy in the December quarter – a third consecutive quarter of decline Companies in the engineering, capital goods and infrastructure (ECI)...

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HDFC Bank’s managing director Aditya Puri is sharp, aggressive, demanding and sharply focused on the bottom-line. He is gregarious, informal and loves a good laugh. But don’t let that fool you. If HDFC Bank is among the most consistently profitable banks in the country today, it is...

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SBI chairman AK Purwar has taken on the challenge of turning a banking behemoth into a nimble-footed and tech-savvy entity. After a brief stint as a lecturer in Business Administration at the Allahabad University, Arun Kumar Purwar opted to become a banker. He soon realised that he had...

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Moneylife Digital Team 14 January 2010
India will have an extensive regulatory system for clinical trials in place by the next 18 months India will have an extensive regulatory system for clinical trials in place by the next 18 months, under which regular random on-the-spot inspections will be carried out from July 2010, a top...

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Moneylife Digital Team 14 January 2010
The Supreme Court has extended its interim order banning mining and transportation of iron ore by OMC, owned by Karnataka's Reddy brothers The Supreme Court on Thursday extended its interim order banning mining and transportation of iron ore by Obulapuram Mining Company (OMC), owned by...

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Moneylife Digital Team 14 January 2010
SEBI's move to scrap entry loads on mutual funds may have been well intentioned, but it tripped badly in failing to assess the ground realities and the consequences of its actions Five months after the Securities and Exchange Board of India (SEBI) scrapped entry loads on mutual fund (MF)...

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Moneylife Digital Team 14 January 2010
Besides these 17,500 towers, Aircel has also committed additional 20,000 tower sites to GTL Infrastructure over the next three years Telecom tower company GTL Infrastructure Ltd said on Thursday that it will acquire 17,500 telecom towers of mobile service provider Aircel Ltd for about Rs8,400...

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Moneylife Digital Team 14 January 2010
The small car being developed by Bajaj Auto and marketed by the Renault-Nissan alliance in India will be smaller than Maruti Suzuki's Alto The small car being developed by Bajaj Auto Ltd, that will be marketed by the Renault-Nissan alliance in India, will be smaller than Maruti Suzuki's Alto,...

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Pratibha Kamath  and   Sanket Dhanorkar 14 January 2010
The after-effects of the massive boom in engineering, real estate and raw materials of 2003-07 and, of course, massive speculation, continue to be reflected in the wealth-creators’ list. Pratibha Kamath and Sanket Dhanorkar pick the toppers    Once again, we present our annual study...

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Pallabika Ganguly 14 January 2010
India’s second biggest supermarket operator is planning to start three additional megastores over the next three months at Mumbai, NCR and Hyderabad Aditya Birla Retail Ltd (ABRL), India’s second biggest supermarket operator, is eying a total turnover of Rs1,600 crore this fiscal and hopes to...

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Moneylife Digital Team 13 January 2010
As a market rally draws a flood of IPOs again, investors are likely to get burnt again, given the inherent nature of IPOs. Initial public offers (IPO) are back in vogue in the calendar year 2010 as the market has hit a 21-month high. However, investors are still nursing huge losses from the...

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Swapnil Suvarna 13 January 2010
Bourses poised to remain in positive territory during Thursday’s trade Indian markets remained highly volatile throughout the day, as they opened lower from yesterday’s close on weak global cues, followed by China’s move to curb lending. However, at the end of the day, bourses shrugged off...

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Moneylife Digital Team 13 January 2010
The Indian government has taken a slew of measures to increase availability of sugar, pulses and other commodities. It hopes that rates of the sweetener, being sold at nearly Rs50 a kg, would start declining in a week Under attack over the rise in prices, the Indian government on Wednesday...

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Moneylife Digital Team 13 January 2010
Lack of clear regulation led to an absurd tussle between SEBI and Reliance Mutual Fund over the duration of the statutory warning in the Fund’s ad. Lack of clear-cut regulation from the Securities and Exchange Board of India (SEBI) on how to calculate the duration of the statutory warning (on...

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Amritha Pillay 13 January 2010
MITRA, an organisation representing NGOs, has written to the state CM demanding a CBI probe into the series of unsolved attacks on activists Mumbai–based Movement against Intimidation Threat and Revenge against Activists (MITRA) has asked Maharashtra chief minister Ashok Chavan for a Central...

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Moneylife Digital Team 13 January 2010
The Planning Commission has advised 'sensible' use of funds by the road transport & highways ministry, a day after minister Kamal Nath rebuffed the panel In a war of words, the Planning Commission on Wednesday has advised 'sensible' use of funds by the road transport & highways ministry, a...

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Moneylife Digital Team 13 January 2010
The Union government has allowed imports of duty-free sugar till 31st December due to rising prices of the commodity The Indian government on Wednesday allowed import of refined sugar at zero duty up to 31st December in the wake of prices nearing Rs50 per kg in the retail market, reports...

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Moneylife Digital Team 13 January 2010
Mutual fund volumes on NSE and BSE are yet to catch up, as only 792 combined orders worth Rs10 crore were recorded between 8 December 2009 and 12 January 2010 Online trading volumes of mutual funds (MFs) continue to remain bleak if the numbers are anything to go by. According to the data...

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Despite the hype surrounding mobile stock trading, especially in the US, Gartner has said that most on-the-go trading is more likely to take place in semi-mobile situations in notebooks and netbooks, instead of mobile handsets  International research company Gartner Inc said that despite the...

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