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Moneylife Digital Team 12 August 2010
Polyester film producer Jindal Poly Films Ltd said its net profit for the first quarter declined to Rs83.5 crore from Rs84.8 crore in the same quarter last year. During the June 2010 quarter, its total revenues increased to Rs555.6 crore from Rs375 crore, said the company in a regulatory...

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Moneylife Digital Team 12 August 2010
Financial Technologies India Ltd (FinTech) registered net profit of Rs45.6 crore for the first quarter, a growth of more than two fold, as compared to Rs20.5 crore for the corresponding quarter last year. Its total revenues for the June 2010 quarter increased to Rs73.6 crore from Rs58.5...

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ETFs are a traded product. But trading volumes are pathetic. Why would you buy them? Exchange traded funds (ETFs) are hot. Very recently, a spate of gold ETFs were in the market. Then came a specialised index ETF by Motilal Oswal Mutual Fund. Benchmark Mutual Fund, which pioneered ETFs in...

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Moneylife Digital Team 12 August 2010
Telecom operator Sistema Shyam TeleServices Ltd (SSTL) said state-run lender State Bank of India has sanctioned it a loan of Rs1,300 crore and its parent Russia-based JFSC Sistema is the corporate guarantor for the same. SSTL said it plans to use the loan to fund expansion plans of its brand...

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SEBI and BSE continue to ignore market manipulation but the Cals Refineries case is too glaring Even as the Securities and Exchange Board of India (SEBI) ensures that there is no competition to the two existing stock exchanges, the market is rife with manipulation. Take the example of Cals...

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Moneylife Digital Team 12 August 2010
Mumbai: Mumbai harbour reopened for traffic today, five days after it was suspended following a collision between two cargo ships that led to an oil spill, with the Indian Navy escorting 12 freighters in and out of the port reports PTI. The traffic resumed after the Coast Guard and other...

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Moneylife Digital Team 12 August 2010
New Delhi: A Group of Ministers (GoM) is expected to soon clear the proposal that companies share 26% of profits from their mining projects with the displaced, reports PTI quoting a mines ministry official. The GoM is likely to meet this week to discuss the compensation scheme as laid out in...

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The Securities and Exchange Board of India (SEBI) is very aggressive and vocal on certain issues and maintains a Sphinx-like silence on certain others. On 20th July, the MCX-SX took the bold and unusual step of dragging SEBI to court. According to it, SEBI left it with no choice. The clock was...

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Moneylife Digital Team 12 August 2010
UTI MF introduces UTI-Fixed Term Income Fund-Series VIII-VI (366 days); L&T MF launches 91 days FMP; Sahara MF announces dividend under Sahara Star Value Fund; Canara Bank hikes lending interest rate by 0.5%; Punjab & Sind Bank raises deposit rates by up to 0.75% UTI MF introduces UTI-Fixed Term...

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Sutlej has good global contracts and is improving its mix of offerings We had recommended Sutlej at a time when it was trading at Rs87 (Moneylife, 3 December 2009). The stock price has more than doubled (Rs186) and is still a good bet. Sutlej Textiles in one of the flagship units of the...

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SRHHL has a distinctive product advantage We had written about Sree Rayalaseema Hi-Strength Hypo (SRHHL) at a time when the stock price was just Rs17 (Moneylife, 9 April 2009) and again when it was trading at Rs32 (Moneylife, 16 July 2009). After hitting a high of Rs47.50 in May 2010, the stock...

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Moneylife Digital Team 12 August 2010
Jaihind Synthetics (Rs20) Jaihind Synthetics is supposed to be in the textiles business. But has simply no business worth talking about. It has posted zero revenues in four out of the past five quarters. In the March 2009 quarter, revenues were Rs4 lakh, recording no sales in other four...

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The growth story of SIL is intact We had written about Shreyans Industries (SIL) when the stock was trading at Rs18 (Moneylife, 23 April 2009). We wrote about it again (Moneylife, 16 July, 2009) when the stock had reached Rs33. It is currently trading at Rs36 and is still worth considering.

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RSWM has been on an expansion spree and has a wide product portfolio RSWM , earlier Rajasthan Spinning and Weaving Mills, is part of the LNJ Bhilwara group, one of the largest textiles manufacturers in the country, producing synthetic, blended, mélange, cotton & specialty yarn, fabric and...

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Moneylife Digital Team 12 August 2010
New Delhi: The government today deferred a decision on blocking some BlackBerry phone services and decided to hold further consultations with all stakeholders soon, reports PTI. "The meeting remained inconclusive. No decision has been taken and we will hold further talks soon," a home ministry...

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Munira Dongre 12 August 2010
What’s buzzing in these counters right now Shree Ashtavinayak Cine Vision: The market rumour is that this company will earn a bumper profit from 3 Idiots. However, this seems unlikely. Shree Ashtavinayak has produced and distributed films like Jab We Met, Golmaal Fun Unlimited, Golmaal Returns,...

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Moneylife Digital Team 12 August 2010
When investing in a mutual fund (MF), investors are worried mainly about the returns it would generate. Hardly anyone gives a thought to the costs involved in staying invested in the fund. But these costs are what will impact your returns finally. They steadily eat into your returns, no matter...

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ML Fund Research Desk 12 August 2010
A study by ML Fund Research Desk of equity schemes launched in the same timeframe reveals interesting facts The returns of mutual funds are substantially influenced by when the schemes are launched. If they are launched when the market is trading high, they do badly. If they are launched when...

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ML Fund Research Desk 12 August 2010
ML Fund Research Desk explains why two funds with a focus on media and entertainment show substantial variance in portfolios and returns Currently, two equity funds are available in the market with a pure focus on the media and entertainment industry—Reliance Media & Entertainment Fund and...

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Moneylife Digital Team 11 August 2010
New Delhi: A spurt in the economic growth and the improved business confidence resulted in a 23% growth in India Inc's hiring activity in the month of July, as against the same period a year ago, reports PTI. Naukri.com's monthly job index-JobSpeak-moved up to 963 in July this year compared...

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