INVESTOR INTEREST


Moneylife Digital Team 04 October 2010
New Delhi: Tata Motors today said it has increased the size of its institutional share sale to $750 million (over Rs3,300 crore) from $525 million (over Rs2,300 crore), reports PTI. The company has raised the amount to be raised through qualified institutional placement (QIP) due to the...

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Moneylife Digital Team 04 October 2010
Auto-maker VE Commercial Vehicles said it recorded its highest-ever monthly sales of 3,864 units in September, 51.1% more than in the same month last year. The joint venture between the Volvo Group and Eicher Motors had sold 2,558 units in the same month last year, it said in a statement.

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Moneylife Digital Team 04 October 2010
Logistic and transportation software solution provider Four Soft Ltd said it has signed a deal with Dubai-based Aratrans Transport and Logistics Services. No financial details were provided. According to the contract, Four Soft will initially deliver its global freight forwarding (4S eTrans)...

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Moneylife Digital Team 04 October 2010
Petron Engineering Construction Ltd said it won a service order worth Rs164 crore from Adani Infra (India) Ltd for Unit 1 and 2 of 1,320MW Kawai Thermal Power Project, at Baran in Rajasthan. The scope of work includes erection, testing, commissioning and performance guarantee tests of boiler...

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Moneylife Digital Team 04 October 2010
Prime Focus Ltd, a visual entertainment services group, said it won orders worth $11 million from two Hollywood studios for 2D to 3D stereoscopic conversion work. The project is to be executed in next three months, the company said in a regulatory filing. Prime Focus North America, a 100%...

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Moneylife Digital Team 04 October 2010
Two-wheeler maker Bajaj Auto Ltd reported its highest ever motorcycle sales in a month at 314,515 units in September, registering 26.2% jump over the same month last year. The company sold 249,133 units in September last year, Bajaj Auto said in a statement. The best figure by the Pune-based...

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Moneylife Digital Team 04 October 2010
New Delhi: With a view to help domestic tyre manufacturers, the commerce ministry has sought the reduction of import duty on natural rubber, reports PTI. In a communiqué to the finance ministry, the commerce ministry has suggested that import duty on natural rubber should be lowered to either...

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Moneylife Digital Team 04 October 2010
New Delhi: The forthcoming public offers of Coal India Ltd CIL and Steel Authority of India Ltd (SAIL) can be a roaring success if the debut history of 28 PSUs since 2003 is any indication, as 94% of these public sector companies (PSUs) listed with a premium of at least 10% on the bourses,...

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Moneylife Digital Team 04 October 2010
Birla Sun Life MF unveils Birla Sun Life Fixed Term Plan-Series CF; HDFC Mutual Fund floats HDFC FMP 35D September 2010 (2); Citibank launches credit card for frequent flyers; Allahabad Bank increases base rate to 8.5%; Indian Bank hikes deposit interest rates on shorter maturities Birla Sun Life...

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Munira Dongre 04 October 2010
In today’s report to its institutional clients, CLSA says BPCL’s Bina refinery needs $9.5/bbl GRMs to report net profits and while it will open in Q4FY11, it will break even only by FY14; Bina is a case study of deteriorating refinery economics, it believes BPCL's Bina refinery, which is located...

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Moneylife Digital Team 04 October 2010
New Delhi: The country's mutual fund (MF) industry shrugged off the quarter-end withdrawal jitters for the first time since June 2009, with the assets under management rising 3.7% in September, reports PTI. The industry's average assets under management (AUM) rose by Rs25,721 crore, or 3.74%,...

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Moneylife Digital Team 02 October 2010
The market ended with splendid gains in the week ended 1st October on positive economic triggers and across-the-board buying support by institutional investors. The market opened strong on positive global cues on 27th September, the first trading day of the week, but gradually drifted lower and...

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Bullish consensus about emerging markets may cause the next bubble In 1989, Japan was caught up in one of those bubbles that pop up regularly in different decades in different countries. Property prices in Tokyo's Ginza district were valued at over $93,000 per square foot (Rs41.85 lakh per...

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SEBI’s rejection of MCX-SX’s application to start equity trading, not only stifles much-needed fresh thinking, competition and innovation, but draws attention to SEBI’s own sordid ethical standards That the Securities and Exchange Board of India (SEBI) rejected MCX Stock Exchange's (MCX-SX)...

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Moneylife Digital Team 01 October 2010
Kottayam: The Rubber Board today said it will provide financial assistance for formation of rubber producers' societies (RPSs) and self help groups (SHGs), reports PTI. The scheme is intended to develop the small holding sector, which is responsible for the lion's share of natural rubber...

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Moneylife Digital Team 01 October 2010
The market continued its winning spree for the second day with the indices scaling a 33-month high. Institutional buying and support from its regional peers supported the rally, marking a splendid start of the new month. The market opened in the positive terrain this morning, supported by cues...

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Moneylife Digital Team 01 October 2010
Jubilant Organosys Ltd, a pharmaceutical and life sciences company, said it changed its name as Jubilant Life Sciences Ltd with effect from 1st October. On Friday, Jubilant Organosys shares declined 1.7% to Rs333 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.9% to 20,445...

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Moneylife Digital Team 01 October 2010
Maruti Suzuki India (MSI) reported its highest-ever monthly sales of 108,006 units in September, translating into a 29.7% increase vis-a-vis the year-ago period. Sales in the same month last year stood at 83,306 units, MSI said in a statement. "This is the highest ever total monthly sales by...

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Moneylife Digital Team 01 October 2010
Ambuja Cements Ltd said its cement despatches increased 8.8% to 1.5 million tonnes (mt) in September 2010 compared to 1.36mt a year ago. Cement production of the company increased by 7.3% to 1.48mt in September 2010 as against 1.38mt in the same month last year, Ambuja Cements said a...

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Moneylife Digital Team 01 October 2010
Business process outsourcing (BPO) service provider Firstsource Solutions Ltd said it has signed a five-year customer service contract with Barclaycard, the UK-based credit card and loan provider. No financial details were provided. The partnership is part of Barclaycard's ongoing programme...

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