INVESTOR INTEREST


Moneylife Digital Team 23 March 2011
After two days of decline the market rallied but it is still in no man's land The market opened flat with a negative bias, following a weakening trend in Asian markets, on concerns over the effect of high crude prices on the economy. The Sensex opened 16 points lower at 17,972 and the...

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Moneylife Digital Team 23 March 2011
IndusInd Bank is in the race to buy Deutsche Bank’s credit card business in India and hopes to finalise a deal in the next few weeks Private sector lender IndusInd Bank is in the race to buy Deutsche Bank's credit card business in India and hopes to finalise a deal in the next few weeks.

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Moneylife Digital Team 23 March 2011
Aurobindo Pharma has received final approval from the US health regulator to market Famciclovir tablets, used for treating herpes simplex infections in HIV-infected patients, in the American market Drug firm Aurobindo Pharma Ltd said it has received final approval from the US health regulator...

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Moneylife Digital Team 23 March 2011
Glenmark Pharmaceuticals US-based arm, Glenmark Generics Inc, has got final approval for its abbreviated new drug application for Norethindrone and Ethinyl Estradiol from the United States Food and Drug Administration Glenmark Pharmaceuticals Ltd said its US-based unit has received final...

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Moneylife Digital Team 23 March 2011
According to RBI's latest data, credit offtake during the one-year period ended 11th March stood at Rs39.37 lakh crore as against Rs32.20 lakh crore a year ago. During the same period, deposits went up to over Rs52.85 lakh crore from Rs45.50 lakh crore Mumbai, Mar 23 (PTI) Credit offtake from...

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Moneylife Digital Team 23 March 2011
Reliance Mutual Fund new issue closes on 24th March Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 11, a close-ended income scheme. The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio...

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Moneylife Digital Team 23 March 2011
Principal Mutual Fund new issue closes on 28th March Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-Series 2, a close-ended income scheme. The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in...

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Moneylife Digital Team 23 March 2011
L&T Mutual Fund new issue closes on 24th March L&T Mutual Fund has launched L&T FMP-III (March90D A), a close-ended income scheme. The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt/fixed income securities maturing on...

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Moneylife Digital Team 23 March 2011
ICICI Prudential Mutual Fund new issue closes on 28th March ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-13 Months Plan B, a close-ended income scheme. The investment objective of the plan is to seek to generate regular returns by investing in a...

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Moneylife Digital Team 23 March 2011
Stating that the merger of State Bank of Indore with SBI was in public interest, minister of state for finance Namo Narain Meena added that State Bank of Indore customers, mainly in Madhya Pradesh and Chhattisgarh, would have access to all 14,000 SBI branches across the country and abroad New...

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Moneylife Digital Team 23 March 2011
A shortage of components compounded by the 11th March tsunami and quake in Japan and RBI's rate hikes-which could affect car financing-have made carmakers jittery in the short-to-medium-term Mumbai: Faced with surging raw material costs, Indian carmakers now face three additional serious...

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Moneylife Digital Team 23 March 2011
Wall Street ended marginally lower overnight on concerns over the pace of the global recovery amid ongoing tensions in West Asia while markets in Asia were mixed in early trade today on profit taking after the recent gains The Indian share market is likely to open lower on unsupportive global...

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Moneylife Digital Team 22 March 2011
The market is poised to break down if oil price does not come down The domestic market opened higher, tracking the Asian markets that gained momentum after a flattish start. The Sensex added 90 points and opened at 17,929 while the Nifty was up 26 points at 5,391. Early gains came from IT,...

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Moneylife Digital Team 22 March 2011
India's sugar production is estimated at 24.5 million tonnes in 2011-12 sugar year (October-September) against 18.8 million tonnes in the previous year. The annual demand is pegged at 22 million tonnes New Delhi: An Empowered Group of Ministers (EGoM) on food today decided to allow sugar...

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Moneylife Digital Team 22 March 2011
The Bill seeks to empower the government to make hallmarking-certification of a product or process-mandatory on the grounds of public interest New Delhi: The government today cleared the Bureau of Indian Standards (Amendment) Bill, 2011 paving the way for introduction of mandatory hallmarking...

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Moneylife Digital Team 22 March 2011
The market is facing headwinds. If the indices gyrate in a range for the next few years, which funds will outperform? While the past is no guide to the future, some funds have done exceptionally well in the last three years when the market has yielded nothing If the market moves sideways for...

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Moneylife Digital Team 22 March 2011
Ganesh Polytex is eyeing Rs1,000 crore revenue in the next five years on the back of growing demand for polyester fibre, both in the global as well as the domestic market Ganesh Polytex Ltd (GPL) is eyeing Rs1,000 crore revenue in the next five years on the back of growing demand for...

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Moneylife Digital Team 22 March 2011
A meeting of the Board of Directors of Viceroy Hotels will be held on 26th March to consider hiving off the Chennai Project Division Viceroy Hotels Ltd (VHL) said that it is looking to hive off its Rs560 crore Chennai project into a separate company to cut debt on its balance sheet. "Hiving...

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Moneylife Digital Team 22 March 2011
PSL Ltd subsidiary based in Sharjah has won a contract worth $80 million from Saline Water Conversion Corporation The Saline Water Conversion Corporation (SWCC) of the Kingdom of Saudi Arabia has awarded a contract for supply of bare line pipe to PSL FZE, Hamriyah (the Sharjah-based...

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Moneylife Digital Team 22 March 2011
Maruti Suzuki India will consider taking different measures after April to protect its margins due to fluctuation of Japanese yen, post the devastating earthquake and tsunami The country's largest car maker Maruti Suzuki India (MSI) said it will consider taking different measures after April...

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