INVESTOR INTEREST


Moneylife Digital Team 22 December 2010
New Delhi: An Empowered Group of Ministers (EGoM) is likely to meet on 30th December to consider hike in diesel and domestic LPG prices, reports PTI. This comes in the wake of crude oil prices ruling at a two-year high of $93.59 per barrel and widening the gap between retail fuel price and...

Read More



Moneylife Digital Team 22 December 2010
New Delhi: Telecom minister Kapil Sibal today said the growth in the sector is essentially centred on adequate spectrum availability, assuring government will make all efforts to provide requisite airwaves to meet the industry’s demand, reports PTI. “The real problem is that there is scarcity...

Read More



Moneylife Digital Team 22 December 2010
New Delhi: In a veiled criticism of environment minister Jairam Ramesh’s approach, the Planning Commission today said there should be a “sensible” definition of ‘no-go’ areas where mining activities are prohibited, reports PTI. “If we get a sensible definition of what is ‘no-go’...

Read More



Moneylife Digital Team 22 December 2010
The market witnessed a gap-up opening supported by good global cues. Demand for realty and consumer durables stocks boosted the market, while IT and healthcare counters saw some selling pressure. The benchmarks touched the day’s highs in early trade and were in a narrow range after that. The...

Read More



Munira Dongre 22 December 2010
Some prominent firms say that the acquisition is expensive and that reviving the small-capacity steel maker will put a heavy financial burden on JSW JSW Steel is to acquire 39% of Ispat for Rs21.4 billion and make an offer to buy another 20% from the public by March 2011. JSW is also to...

Read More



Moneylife Digital Team 22 December 2010
Patel Engineering Ltd in consortium with BS TransComm and Simplex Infrastructure has won a transmission project worth Rs300 crore from REC Transmission Project Company. The transmission project associated with the Krishnapattanam Ultra Mega Power Plant includes establishing a 210 km, 765 kV...

Read More



Moneylife Digital Team 22 December 2010
To serve efficiently to its 28 lakh customers, Mumbai-based electricity distribution company Reliance Infrastructure Ltd has upgraded its distribution network by adding new substations and cable lines in its distribution network. As a part of its network augmentation programme, the company...

Read More



Moneylife Digital Team 22 December 2010
IT bellwether Tata Consultancy Services (TCS) Ltd said it has signed a multi-year agreement to accelerate hospitality firm Hilton Worldwide’s technology strategy as part of the ‘Hilton Worldwide Innovation Collaborative’ initiative. The Innovative Collaborative initiative aims to evolve...

Read More



Moneylife Digital Team 22 December 2010
ING Vysya Bank & Angel Broking sign MOU; L&T Mutual Fund unveils 91 days FMP; HDFC Mutual Fund declares dividend under Medium Term Opportunities Fund; Bank of Maharashtra, State Bank of Mysore increase interest rates ING Vysya Bank & Angel Broking sign MOU ING Vysya Bank Ltd and Angel...

Read More



Moneylife Digital Team 22 December 2010
New Delhi: The oil ministry today said the "delay" in deciding on Vedanta Resources' $9.6 billion acquisition of Cairn India will not have any impact on the 9th round of auction of oil and gas areas under the New Exploration Licencing Policy (NELP), reports PTI. "The ministry has said that we...

Read More



Moneylife Digital Team 22 December 2010
Lakhimpur: Minister of state for petroleum and natural gas Jitin Prasada has said state-run oil companies have the freedom to fix petrol prices, but the government will step in if rates shoot up "indiscriminately", reports PTI. "Petrol prices had been exempted from government control and oil...

Read More



Munira Dongre 22 December 2010
Based on a strong quarter of consulting sales and bookings by Accenture, and robust growth in new licence sales by Oracle, Kotak Institutional Equities expects blockbuster growth for the top three Indian IT services firms–TCS, Infosys and Cognizant—in the new year Accenture's November 2010...

Read More



Moneylife Digital Team 22 December 2010
New Delhi: With onion prices skyrocketing to as much as Rs85 per kg in some retail markets, the Indian government today said it has brought down customs duty on imports of the commodity to zero from 5%, reports PTI. “The customs duty on onions has been brought down to zero,” finance secretary...

Read More



Moneylife Digital Team 22 December 2010
The domestic market is likely to witness a green opening today, tracking firm global cues. Markets in the US closed at their two-year highs on positive earnings forecasts and news of corporate deals. The Asian pack was trading with marginal gains in early trade this morning on signs that...

Read More



Deena Mehta 21 December 2010
The proposed rules regarding compensation to exchange executives are flawed, as are the rules for listing of exchanges and restricting their profits, and the powers to SEBI to regulate market infrastructure institutions Compensation for executives: The Bimal Jalan Committee report on ownership...

Read More



Moneylife Digital Team 21 December 2010
Oil and Natural Gas Corporation Ltd’s subsidiary, ONGC Videsh Ltd (ONGC) has signed a “Framework Agreement on Cooperation in Hydrocarbon Sector” in Delhi with Sistema, a public financial corporation in Russia and CIS. According to the agreement, the two companies will consider opportunities...

Read More



Moneylife Digital Team 21 December 2010
Moser Baer India Ltd’s subsidiary Moser Baer Clean Energy Ltd said that it has commissioned the country’s largest and the first 5MW solar farm at Sivaganga in Tamil Nadu. The technical expertise for commissioning was provided by the engineering, procurement & commissioning (EPC) arm of Moser...

Read More



Moneylife Digital Team 21 December 2010
New Delhi: The Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is likely to meet next week to consider raising prices of diesel and domestic liquefied petroleum gas (LPG), reports PTI. “We are hopeful of an EGoM meeting soon ... hopefully it may happen next...

Read More



Moneylife Digital Team 21 December 2010
Strong global cues enabled the local market log in with gains this morning. Across-the-board buying kept the indices in the positive terrain throughout the trading session and helped them end above their crucial levels. The market opened with modest gains this morning on support from the global...

Read More



Moneylife Digital Team 21 December 2010
New Delhi: The Plan Panel has asked the finance ministry to examine the possibility of setting up several infrastructure debt funds (IDFs) to fund core sector development activities in the country, which are estimated to cost $1 trillion during the 12th Five Year Plan (2012-17), reports...

Read More

Free Helpline
Legal Credit
Feedback