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Moneylife Digital Team 08 December 2010
New Delhi: Complying with the directives of the Directorate General of Civil Aviation (DGCA), domestic airlines on Tuesday said they have started publishing different fare levels for each route, reports PTI. The DGCA had on Monday directed all Indian carriers to show route-wise and date-wise...

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Moneylife Digital Team 08 December 2010
The Indian market is likely to witness a soft-to-flat opening on weak global cues. The US markets closed almost unchanged on Tuesday amid reports that the US Securities and Exchange Commission (SEC) has issued notices to hedge funds and other investment firms in its probe against insider...

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Moneylife Digital Team 07 December 2010
Finding stock broker Deepak Jhunjhunwala guilty of indulging in price rigging and manipulation in Twenty First Century (India), market regulator bars him from taking up any new assignment for a month; will not clarify what this means In an unusual order against a stock broker, the Securities...

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Moneylife Digital Team 07 December 2010
New Delhi: Rajya Sabha Member of Parliament (MP) and former telecom entrepreneur Rajeev Chandrasekhar has questioned the spectrum issues raised by Tata Group supremo Ratan Tata while reminding him that his group company was a major beneficiary of the same, reports PTI. Accusing Tatas of...

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Moneylife Digital Team 07 December 2010
Dhapdhapi (West Bengal): Reserve Bank of India (RBI) deputy governor Subir Gokarn today said though microfinance institutions (MFIs) could be under stress, there is no threat to their survival, reports PTI. “This is a fact that the MFIs were facing shortage of funds as banks are shying away....

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Alekh Angre 07 December 2010
The stock has hit the lower circuit for eight days in a row. Market players blame operators close to promoter circles It has hits like Dabangg and Golmaal 3 under its belt and it is planning a few more blockbusters. Yet, the stock price of Shree Ashtavinayak Cine Vision (SACVL), this...

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Moneylife Digital Team 07 December 2010
New Delhi: Driven by the growth of organised retail coupled with changing consumer habits, food retail sector in India is set to more than double to $150 billion (around Rs6,70,870 crore) by 2025, reports PTI quoting a report by KPMG. India's food retail sector, which is currently estimated...

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Moneylife Digital Team 07 December 2010
Jindal Steel and Power Ltd (JSPL) said its subsidiary Jindal Shadeed has started trial production of hot briquetted iron (HBI) from its plant at Sohar Industrial Port area in Oman.  Jindal Shadeed started the trial production almost five months ahead of schedule on 5 December 2010. The...

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Moneylife Digital Team 07 December 2010
New Delhi: The Telecom Regulatory Authority of India (TRAI) will soon float a consultation paper on value-added services (VAS) that include caller tunes, ring-back tones and MMS, which are offered by various applications providers, reports PTI. “We will bring out a consultation paper on VAS...

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Moneylife Digital Team 07 December 2010
The market opened sideways on dismal cues from the global markets. A sell-off in select blue-chip stocks kept the market under pressure, forcing a close with a marginal loss in a generally choppy session. The market opened flat, tracking the Asian markets which were weak in early trade. Banking...

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Moneylife Digital Team 07 December 2010
New Delhi: Lauding the telecom department for achieving its tele-density target ahead of schedule, the government today said a transparent and consistent policy framework would ensure further growth in the sector, reports PTI. “With an overall tele-density achievement of 61% (137% urban and...

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Moneylife Digital Team 07 December 2010
The Hinduja Group has signed agreements with leading French firms for road infrastructure projects as well as development of solar energy in India. The Group co-chairman GP Hinduja has signed a 50:50 joint venture agreement for development of road infrastructure projects with France-based...

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Moneylife Digital Team 07 December 2010
Religare Enterprises Ltd, through its subsidiary Religare Global Asset Management Inc, has announced a strategic investment in Landmark Partners, a private equity and real estate fund-of-funds asset manager focused on secondary transactions. The parties have signed a definitive agreement for...

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Moneylife Digital Team 07 December 2010
Sajjan Jindal-led JSW Steel Ltd said it has got shareholders nod to issue over 9.7 lakh equity shares on a preferential basis to Japanese steel-maker JFE Steel. With the approval, the stake of the Japanese steel-maker in the Indian company will go up to 14.99%. The move is in line with the...

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Moneylife Digital Team 07 December 2010
New Delhi: India is all set to welcome the new year with strong hiring intentions, with every industry sector and every region expected to increase staffing levels in the next three months, reports PTI. “Hiring pace in India has remained at a brisk to dynamic level since the fourth quarter of...

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Moneylife Digital Team 07 December 2010
Fidelity MF unveils 94 days plan; Tata MF introduces 371 days scheme; A2Z Maintenance and Engineering opens IPO on 8th December; NSPOT starts SMS-based trading facility; DWS Investments launches Fixed Term Fund Series 77; Dhanlaxmi Bank launches mobile banking Fidelity MF unveils 94 days plan

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Moneylife Digital Team 07 December 2010
Mumbai: The Bombay High Court today stayed the environment ministry's direction to Lavasa Corporation to stop construction at the proposed hill station in Pune district, reports PTI. The high court, which was hearing Lavasa's petition, directed the ministry to give the corporation a hearing on...

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Moneylife Digital Team 07 December 2010
New Delhi: Taking a bitter lesson from the way the second generation (2G) spectrum was handed out, the finance ministry today suggested a transparent auction system for awarding road projects to private developers with the government following a hands-off approach, reports PTI. After facing...

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Munira Dongre 07 December 2010
In a 100-page global economic and strategy report, Citi Research says the multi-decade transformational boom in China and India will continue, not just in 2011, but for some years to come. It sees modest growth in industrial economies and expects the ECB and BoJ to hold rates in 2011, and the...

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Moneylife Digital Team 07 December 2010
Mumbai: Manappuram General Finance and Leasing Ltd (MAGFIL) has reported a quantum jump in its gold loan business to cross the Rs6,000 crore mark, reports PTI. The company's total gold loan outstanding as on 5th December, stood at Rs6,003 crore, a press release issued here today stated. It...

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