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Moneylife Digital Team 17 August 2010
New Delhi: State-owned oil firms incurred Rs4,745 crore annual losses on pre-revised rates, prompting the government to more than double the price of state administered natural gas to $4.2 per million British thermal units (mmBtu), reports PTI quoting minister of state for petroleum and natural...

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Moneylife Digital Team 17 August 2010
Singapore: Financial Technologies (India) group's Singapore Mercantile Exchange (SMX) today said it will start trading from 31 August, 2010, launching contracts in gold, currency and crude oil futures initially, reports PTI. The pan-Asian multi-product commodity and currency derivatives...

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Moneylife Digital Team 17 August 2010
New Delhi: Mahindra Satyam on Monday said a New York court has given a favourable judgment in its lawsuit against Upaid Systems and ruled that the British company is responsible for all the tax liability on the settlement amount of $70 million paid by the IT firm, reports PTI. "The court...

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Munira Dongre 17 August 2010
Punters are hoping for massive value unlocking in Bombay Dyeing, Raymond, Century Textiles, Alok Industries and Provogue, among other companies A lot of textile stocks including Raymond, Bombay Dyeing, Century Textiles & Industries, Provogue India, and Alok Industries seem to be rising not...

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Munira Dongre 17 August 2010
Punters are hoping for massive value unlocking in Bombay Dyeing, Raymond, Century Textiles, Alok Industries and Provogue, among other companies A lot of textile stocks including Raymond, Bombay Dyeing, Century Textiles & Industries, Provogue India, and Alok Industries seem to be rising not...

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Moneylife Digital Team 16 August 2010
Despite its moniker, the fund may do better by switching between sectors. But that makes it an equity diversified fund Baroda Pioneer Mutual Fund has filed its draft offer document with the Securities and Exchange Board of India (SEBI) to launch an open-ended 'Baroda Pioneer Sector Focus Fund'....

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Moneylife Digital Team 16 August 2010
ING Vysya Bank Ltd appoints Arun Thiagarajan as the part-time chairman of the company for a period of three years. He succeeds the distinguished banker KR Ramamoorthy. Mr Thiagarajan, who is educated abroad both in engineering and management, has had a successful career in the corporate world...

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Moneylife Digital Team 16 August 2010
KGN and its related companies are running what looks like a pyramid scheme through a multi-level marketing chain in Pune under different names, ensnaring gullible small investors One of the most common ways people lose their hard-earned money is by investing in pyramid schemes. These companies...

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Moneylife Digital Team 16 August 2010
New Delhi: The government has asked mobile operators to give self certificates stating that radiations emitted by their towers are not harmful for human health, else face penalty as per prescribed norms, reports PTI. The Department of Telecom (DoT) met operators last week and informed that any...

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Moneylife Digital Team 16 August 2010
Mumbai: The shipping ministry will award 25 port projects under the Public Private Partnership (PPP) scheme during the current financial year, reports PTI quoting a senior government official. The ministry is also expecting investments from Singapore, Dubai and other Gulf countries, he...

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Moneylife Digital Team 16 August 2010
New Delhi: The commerce and industry ministry has said today that it is not in favour of restricting iron ore exports even as the ministry of steel and the Karnataka government want curbs on the mineral shipments, reports PTI. "...If iron ore exports are restricted, it would effect economic...

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Munira Dongre 16 August 2010
Deccan Chronicle: Rumours of a stake sale are resurfacing. Mid-July, the stock charged on talk that the Gujarat-based Adani Group was going to acquire the company for $280 million-$300 million. Patni: There is talk of a stake-sale to Fujitsu or NTT. On Friday, the stock surged after it declared...

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Moneylife Digital Team 16 August 2010
Onshore integrated seismic service provider Alphageo (India) Ltd said it has set-up a subsidiary, Alphageo International Ltd at Dubai in the UAE. On Monday, Alphageo India shares closed 1.8% down to Rs163 on the Bombay Stock Exchange, while the Sensex ended 0.6% down to 18,050 points.

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Moneylife Digital Team 16 August 2010
NIIT Technologies Ltd said it appointed Pratibha Advani as its chief financial officer (CFO). She takes over the responsibility from Amit Roy, the interim CFO, said the company in a filing to Bombay Stock Exchange. On Monday, NIIT Technologies shares closed 0.3% up to Rs182 on the Bombay...

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Moneylife Digital Team 16 August 2010
Sadbhav Engineering Ltd said its joint venture with GKC Projects Ltd, received an order worth Rs229.9 crore from the Road Construction Department of Jharkhand. The scope of work includes development of Govindpur-Sahibganj state road project (Govindpur-Jamtara Contract Package No. I), said the...

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Moneylife Digital Team 16 August 2010
Vivimed Labs Ltd said its standalone net profit for the first quarter stood at Rs6.3 crore as compared to Rs4.7 crore for the same quarter last fiscal. In the June 2010 quarter, the company's total revenues increased to Rs54.3 crore from Rs48.5 crore, while its net sales rose to Rs54.3 crore...

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Moneylife Digital Team 16 August 2010
Confidence Petroleum India Ltd said its net profit for the first quarter stood at Rs10.5 crore as compared to Rs6.1 crore for the same quarter last fiscal. In the June 2010 quarter, the company's total turnover increased to Rs192.1 crore from Rs100.1 crore, while its net sales increased to...

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Moneylife Digital Team 16 August 2010
Government-owned Orissa Minerals Development Co Ltd said its net profit for the first quarter fell to Rs13.7 crore from Rs22.4 crore in the same quarter last year. During the June 2010 quarter, its total revenues declined to Rs32.7 crore from Rs48 crore, the company said in a filing to Bombay...

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Moneylife Digital Team 16 August 2010
Simplex Infrastructures Ltd said its standalone net profit for the first quarter rose 41% to Rs36.2 crore from Rs25.7 crore as its turnover grew 6% to Rs1,175 crore from Rs1,108 crore in the same quarter last year. The order book at the end of June 2010 is Rs12,262 crore, growing 22% over...

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Moneylife Digital Team 16 August 2010
Construction and engineering company Gammon India Ltd said its consolidated net profit for the financial year 2009-10 fell to Rs45.7 crore from Rs56.3 crore last fiscal, despite increased revenues. During the period, Gammon India's total revenues increased to Rs7,069.9 crore as against...

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