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Moneylife Digital Team 04 November 2010
Fortis Healthcare Ltd said it plans to invest around Rs650 crore in the next one and a half years to add another 2,000 beds across its network of hospitals. Presently, the company has 6,000 operational beds across 49 hospitals in the country. The hospital major, which is seeking to expand in...

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Moneylife Digital Team 04 November 2010
Bank of India hikes deposit rates by 75 basis points; IDBI Bank increases interest rates by 50 basis points; Dunlop India open offer soon; Tata DOCOMO to offer free 3G service for 7 days; Uninor launches Diwali offer in Karnataka Bank of India hikes deposit rates by 75 basis points Bank of...

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Moneylife Digital Team 04 November 2010
Mumbai: In a stellar debut on bourses, state-run Coal India Ltd (CIL) today listed at Rs287.75 on the Bombay Stock Exchange (BSE), a gain of 17.44% over the issue price, reports PTI. Within two hours of the opening, the scrip was trading at Rs330, a jump of 34% over the issue price of Rs245 a...

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Moneylife Digital Team 04 November 2010
The Indian market is likely to open on a positive note today buoyed by the US Federal Reserve’s stimulus package announced last night. Most Asian markets were also trading upbeat this morning following the US move. The SGX Nifty was up 32 points at 6,225 against its previous close of 6,193 on...

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Moneylife Digital Team 03 November 2010
New Delhi: India Inc's shopping spree suffered a setback in October in which merger and acquisition (M&A) deals worth only $650 million were announced - the lowest monthly M&A transaction value since October 2009, reports PTI. According to data compiled by research firm VCCEdge, the M&A value...

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Moneylife Digital Team 03 November 2010
The much-hyped public issue of Coal India will debut on the bourses tomorrow. Investors wanting to get in on the action on listing have history against them The lucky few who have been allotted shares in the spectacle that is Coal India's initial public offer (IPO), stand to make a windfall...

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Moneylife Digital Team 03 November 2010
The domestic market opened in the green this morning, factoring in the rate cut announced by the RBI yesterday. Overcoming a fair bout of choppiness the market ended with gains of over half a percent, optimistic about the US Federal Reserve's policy decision, to be announced later today. The...

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Supreme Infrastructure India Ltd said it won two orders worth Rs69 crore for construction related works. The first order is from Director General Married Accommodation Project for the construction of dwelling units at Babina in Jhansi worth Rs51 crore. The estimated time for completion is 25...

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Moneylife Digital Team 03 November 2010
Two- wheeler maker Bajaj Auto Ltd (BAL) reported its highest ever motorcycle sales in a month at 3,29,776 units in October, registering 32.1% jump over the same month last year. The company had sold 2,49,681 units in October last year. BAL's exports went up 31.4% to 1,10,387 units in last month...

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Moneylife Digital Team 03 November 2010
Fortis Healthcare Ltd said its second quarter net profit zoomed 475% to Rs74.8 crore from Rs13 crore due to onetime gains. Net profit of Rs74.8 crore in the second quarter also includes the net profit of Rs53.9 crore made on the divesture of Singapore-based hospital chain Parkway investments,...

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Moneylife Digital Team 03 November 2010
State-run lender Oriental Bank of Commerce (OBC) said its net profit for September quarter increased 47% to Rs397.7 crore from Rs270.8 crore a year ago. During the September 2010 quarter, its total revenues increased to Rs3,206 crore from Rs2,800.9 crore, OBC said in a statement. On...

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Moneylife Digital Team 03 November 2010
State gas utility GAIL India Ltd reported a 29.5% increase in its second quarter net profit on increased margins in higher gas prices. During the second quarter to end-September, its net profit increased to Rs923.6 crore from Rs713.2 crore while total revenues increased 29.5% to Rs8,278.1...

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Moneylife Digital Team 03 November 2010
As we head towards the end of the calendar year, whispers of a year-end rally in the stock markets are doing the rounds. But this is yet another myth Among the many myths that are bandied around the investing world is the phenomenon of the 'year-end stock market rally'. The calendar year is...

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Moneylife Digital Team 03 November 2010
Mumbai: Consumer electronics major Videocon today announced its plans of entering into the financial services business through a general insurance company in partnership with US-based property and casualty insurer Liberty Mutual Group (LMG), reports PTI. The foreign partner will hold a maximum...

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Moneylife Digital Team 03 November 2010
Deutsche MF revises exit load structure under Deutsche Money Plus Fund; Coal India to list IPO on 4th November; Reliance Mobile launches 'Festive Dhamaka' offer; MTNL introduces Trump-One For All 3G prepaid plan Deutsche MF revises exit load structure under Deutsche Money Plus Fund Deutsche...

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Moneylife Digital Team 03 November 2010
New Delhi: The Centre's proposed Rs1,00,000 crore National Electricity Fund to finance development of power transmission and distribution (T&D) network will go for Cabinet approval after the Expenditure Finance Committee gives its go-ahead, reports PTI. "We have sent the proposal (of National...

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Moneylife Digital Team 03 November 2010
New Delhi: The Department of Telecommunications (DoT) today extended the deadline for re-verification of subscribers by telecom operators to 31 December 2010, reports PTI. "The service providers approached DoT in October for extension of time. They stated that creation of infrastructure for...

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Moneylife Digital Team 03 November 2010
New Delhi: Tata Teleservices, which has Japanese firm DoCoMo as a partner, today launched third generation (3G) mobile services in nine circles, enabling subscribers to access high speed Internet and video telephony, reports PTI. With this, Tata DoCoMo became the first private telecom firm to...

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The top hedge fund manager sees parallels between US Fed’s actions in 1999 and 2010, which may create a massive liquidity-driven momentum in select assets, like dotocom stocks in 1999. Among his choices is India’s Nifty Famous hedge fund manager Paul Tudor Jones sees that the Fed's response to...

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Moneylife Digital Team 03 November 2010
Singapore: India's Oil and Natural Gas Corporation (ONGC) has beaten Chinese rival China National Offshore Oil Corporation (CNOOC) to become Asia's top oil and gas exploration and production (E&P) company, reports PTI. Under the stewardship of RS Sharma, ONGC climbed three places to take the...

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