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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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Moneylife Digital Team 01 October 2010
New Delhi: The Supreme Court today stayed the order of the Madras High Court directing Sterlite Industries to close down its copper smelting plant in Tuticorin, Tamil Nadu, reports PTI. A bench comprising Justice R V Raveendran and H L Gokhale stayed operation of the order of the high court...

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Moneylife Digital Team 01 October 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  Auto components maker Minda Industries is growing at a steady pace Delhi-based Minda Industries (MIL), the flagship company of...

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Moneylife Digital Team 01 October 2010
Bharti AXA Life Insurance unveils new brand positioning; Kotak Mahindra Bank revises base rate to 7.50% per annum; Axis, IDBI Bank up base rates HDFC Mutual Fund launches HDFC FMP 100D September 2010 (5) Bharti AXA Life Insurance unveils new brand positioning Bharti AXA Life Insurance has...

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Moneylife Digital Team 01 October 2010
New Delhi: Oil minister Murli Deora will make a pitch for Oil and Natural Gas Corporation (ONGC) buying BP Plc's Vietnam gas fields when the British energy firm's chairman, Carl-Henric Svanberg, and newly appointed chief executive, Robert Dudley, visit India next week, reports PTI. ONGC Videsh...

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