INVESTOR INTEREST


Moneylife Digital Team 06 May 2011
Jyothy Laboratories had earlier acquired 14.9% stake in Henkel India from the Indian promoter Tamilnadu Petroproducts in March 2011 The board of directors of Jyothy Laboratories (JLL) has approved the buy-out of 50.97% stake in Henkel India (HIL) from Henkel AG & Co KGaA (Henkel AG). JLL had...

Read More



Moneylife Digital Team 06 May 2011
The record date is fixed as 28 May 2011 for determining the shareholders entitled for the interim dividend Hexaware Technologies, a leading global provider of IT, BPO & consulting services, has announced 25% interim dividend. Hexaware is a financially strong company with net cash balance in...

Read More



Moneylife Digital Team 06 May 2011
JSPL had secured the development rights of El Mutun mines, one of the world’s single biggest iron-ore deposits with reserves of more than 40 billion tonne, in 2007 Jindal Steel Bolivia, a subsidiary of Jindal Steel & Power (JSPL), will build a 2.52 MMTPA natural-gas-based Midrex Direct...

Read More



Moneylife Digital Team 06 May 2011
“Our profitability will be hit because of the rate hikes by the RBI...As we are in co-operative sector, we have no immediate plans of passing the hike on to our borrowers,” Saraswat Bank’s chairman Eknath Thakur said The country’s biggest lender from the co-operative space, Saraswat Bank has...

Read More



Moneylife Digital Team 06 May 2011
Surya Roshni’s net profit stood at Rs28.94 crore in the fourth quarter ended 31 March 2010 Electric resistance welding pipes and lighting equipment maker Surya Roshni said its net profit grew 38.66% to Rs40.13 crore in the fourth quarter ended 31 March 2011, over the corresponding period a year...

Read More



Moneylife Digital Team 06 May 2011
Aviation ministry officials are also optimistic that the deadlock would end soon. After parleys with joint secretary Prashant Shukul, the pilots also met aviation secretary Nasim Zaidi for the first time since the talks began on Wednesday Mumbai: With two rounds of talks between the striking...

Read More



Moneylife Digital Team 06 May 2011
Shares of Muthoot Finance debuted at Rs196.60 a piece, up 12.34% from their issue price on the NSE Muthoot Finance, a non-banking financial company, engaged in the gold loan business, made a strong debut on the National Stock Exchange on Friday, opening with a premium of over 12% vis-a-vis its...

Read More



Moneylife Digital Team 06 May 2011
Birla Sun Life Mutual Fund new issue closes on 9th May Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 14, a close-ended income scheme. The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration...

Read More



Moneylife Digital Team 06 May 2011
“The maximum value of prepaid semi-closed m-wallet shall not exceed Rs50,000,” a RBI notification said Relaxing the norms for making payments using mobile phones, known as m-wallet, the Reserve Bank of India (RBI) decided to increase the limit of money-loading to Rs50,000 from the existing...

Read More



Moneylife Digital Team 06 May 2011
Bharti AXA, which already has a branch in Kochi, will open a second one in Kozhikode in October this year Bharti AXA General Insurance Company said it is targeting first premium business of Rs800 crore nationally this calendar year. Last year, Bharti AXA had collected Rs500 crore, Sanjay...

Read More



Moneylife Digital Team 06 May 2011
Senior advocate and former Union law minister Ram Jethmalani filed a bail plea on her behalf contending that she "has no role, whatsoever, in the scam." He contended that apart from having a 20% stake in Kalaignar TV, she does not have any role in running its day-to-day affairs New Delhi:...

Read More



Moneylife Digital Team 06 May 2011
Kotak Bank executive vice-chairman and managing director Uday Kotak said that the bank would be looking at over 30% growth in advances this fiscal, highly above the industry average, but below this year’s 39%, adding that the bank would hike its lending rate after the next week’s asset liability...

Read More



Moneylife Digital Team 06 May 2011
The plunge in commodity prices pressurised stock markets worldwide The Indian market is expected to open range-bound as losses in the last nine days might spur investors to go bargain hunting. On the global front, Wall Street closed with cuts of around 1% overnight on a huge retreat in...

Read More



The British bank lured greedy US-based Indians with schemes that would help them avoid paying US taxes The dubious role of HSBC’s (Hongkong and Shanghai Banking Corporation) managers in luring greedy Indian-Americans to dodge US taxes has been virtually buried by the Indian media—probably...

Read More



Is there a basic change in the way the world perceives the dollar? |After a long time, we turned positive on the medium-term outlook last fortnight. That holds for this fortnight as well. The bulls have kept control and are even threatening to take the market to new highs. Either ‘the...

Read More



Moneylife Digital Team 05 May 2011
Total business of the Bangalore-headquartered bank rose to a level of Rs5,06,440 crore as at March 2011, a 25.4% growth, with total deposits growing 25.3% to Rs2,93,973 crore and advances by 25.5% to Rs2,12,467 crore Bangalore: Canara Bank today reported a 33.2% jump in net profit for 2010-11...

Read More



Moneylife Digital Team 05 May 2011
The Indian market has been down for nine days in a row for the first time since 2001. Commodities are falling sharply and all European markets are down. Is this a turning point? The Sensex fell 259 points to close at 18,211, while the Nifty fell 77 points to close at 5,460. It was the 9th...

Read More



Moneylife Digital Team 05 May 2011
Such hybrid funds are in fashion now. They leave investors confused about how to fit such schemes into their asset allocation Sundaram Mutual has come up with a new fund offer (NFO), the Sundaram Equity Plus, which will put money into equities as well as in gold ETFs. It is an open-end...

Read More



Moneylife Digital Team 05 May 2011
Telecom minister Kapil Sibal had appealed to the telecom players to sort out their differences but telecom service providers still differ on issues like spectrum pricing and refarming New Delhi: Union telecom minister Kapil Sibal today said that all industry issues related to the new National...

Read More



Moneylife Digital Team 05 May 2011
Faced with the Herculean task of handling lakhs of investor complaints, SEBI in March last week had decided to outsource such activities to help it resolve the investor complaints on a fast-track basis New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has decided to...

Read More

Free Helpline
Legal Credit
Feedback