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Moneylife Digital Team 23 September 2010
IDBI Federal launches Wealthsurance Milestone Plan IDBI Federal Life Insurance has launched its new unit linked insurance plan (ULIP) called IDBI Federal Wealthsurance Milestone Plan. The Wealthsurance Milestone Plan has 13 investment options and seven insurance benefits. The Plan can be...

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Munira Dongre 23 September 2010
A recent Credit Suisse report asks the question on everybody's mind... where now? And comes out with mixed answers... A latest CS report points out that Indian markets are now just 5% away from their previous peak but in terms of the peak P/E (price to earnings ratio), we are still way below....

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Moneylife Digital Team 23 September 2010
These companies have strong underlying economic growth prospects, they are off the radar of most analysts and their stock prices have not already run up  Forging Ahead Ahmednagar Forgings has several good quarters ahead We have been looking for auto-component companies that would benefit...

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Moneylife Digital Team 23 September 2010
New Delhi: State-run Oil and Natural Gas Corporation (ONGC) today said that it "consciously" decided not to make a rival offer to Vedanta Resources' $9.6 billion offer to acquire a majority stake in Cairn India, reports PTI. "Counter offer date is gone. If ONGC did not make an offer, that was...

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Moneylife Digital Team 23 September 2010
New Delhi: International Air Transport Association (IATA) today said India's insular approach to foreign direct investment (FDI) in aviation is going to hurt the sector, which needs an investment of $140 billion in the next 20 years, reports PTI. "Success of Indian airlines should not be...

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Moneylife Digital Team 23 September 2010
In a freewheeling interview to Moneylife editors Sucheta Dalal and Debashis Basu in Hyderabad recently, J Hari Narayan, chairman, IRDA, spoke on key insurance-related issues On the tussle between insurers and hospitals. The hospital costs are a major issue. The total healthcare spending in...

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Dish TV gained 8% taking its subscriber base to 10 million by March 2011 Gainers: Dish TV (up 8%) aims to add 3 million subscribers this fiscal to take the subscriber base to 10 million by March 2011. It has also crossed the 8-million subscriber mark. Rural Electrification Corporation (REC)...

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Moneylife Digital Team 23 September 2010
Given its DNA, it’s difficult to visualise RIL remaining a silent partner in EIH Reliance Industries Ltd (RIL) has booked its rooms in the hospitality business, buying a significant 14.12% stake in EIH Ltd, the Oberoi group company, for Rs1,021 crore. RIL paid a hefty 22% premium through its...

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Power Finance Corporation was up 4% on receiving board’s nod to raise fresh equity Gainers: Power Finance Corporation (up 4%) has received its board’s approval to raise fresh equity, through a follow-on public offer (FPO), up to 10% of its paid-up capital and the government may disinvest 10%...

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Crisil (up 4%) plans to sell 5% stake in the Commodities and Derivatives Exchange Gainers: The board of Power Finance Corporation (PFC) (up 4%) has approved a proposal for fresh issue of equity shares along with disinvestment, not exceeding 20% of its aggregate existing paid-up capital, subject...

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Chinese economic policies are unsustainable, which is bad news a global economy presently dependent on Chinese growth. So the only safe haven for investments right now — US equity markets Where then must we invest when as Ben Bernanke said, “the economic outlook remains unusually uncertain?”...

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Moneylife Digital Team 23 September 2010
The Indian market is likely to open on a cautious note today on unsupporting global cues. Wall Street closed lower on Wednesday on gloomy earnings outlook by technology stocks — Adobe Systems and Microsoft Corporation. Most Asian markets are closed today for local holidays but those that are...

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Moneylife Digital Team 22 September 2010
The Indian market is likely to witness a flat-to-positive start today on supportive global cues. Wall Street settled mixed as the Federal Open Market Committee (FOMC) reiterated its stand to infuse more money, if required, to boost the economy. Markets in Asia were in the green in early trade on...

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Moneylife Digital Team 21 September 2010
The company has a debt-free status and has completed more than 2,250 projects over the last three decades in more than 19 countries across the world Issue Price: Rs1,230 - Rs1,310 per share with a face value of Rs5 per share No of shares: 36,69,643 equity shares that includes sale of...

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Moneylife Digital Team 21 September 2010
New Delhi: The Planning Commission has said growth in the agriculture sector this fiscal would be as high as 5%-6%, which would help the economy to surge by 8.5% as projected by it earlier, reports PTI. "I am absolutely certain that this year we are going to see more than 4% agriculture...

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Moneylife Digital Team 21 September 2010
Ansal Properties & Infrastructure Ltd said it will soon launch four new realty projects in Punjab. The company will launch two group housing projects in Mohali and one group housing project in Amritsar. It will also construct a commercial-cum-retail project in Ludhiana, Ansal Properties said...

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Moneylife Digital Team 21 September 2010
Alphageo (India) Ltd said it won a contract worth $7.5 million from Jindal Petroluem Operating Company LLC, an affiliate of Jindal Petroleum Ltd, in Blocks IX and X in Georgia for onshore 2D seismic data acquisition. The company said the contract will be executed through its wholly owned...

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Moneylife Digital Team 21 September 2010
Omaxe Ltd said its subsidiary, Omaxe Infrastructure and Construction Ltd, won a contract worth Rs203 crore for construction of residential building at Mhow in Indore, Madhya Pradesh. The contract has been awarded by Director General Married Accommodation Project (DGMAP), New Delhi. The...

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Moneylife Digital Team 21 September 2010
Wind turbine manufacturer Suzlon Energy Ltd said it won an order, worth Rs1,149 crore, from Kolkata-based engineering company Techno Electric Group (TEG). The 202 MW order is a part of TEG's agreement with Suzlon for developing 500MW of new capacity and is the single largest deal signed by...

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