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Moneylife Digital Team 04 January 2011
The country’s largest car maker Maruti Suzuki India Ltd (MSI) today reported 17.01% jump in its sales for December 2010 at 99,225 units. Sales for the same month previous year were at 84,804 units, MSI said in a statement. The National Capital-based company’s figures for the domestic...

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Moneylife Digital Team 04 January 2011
Public sector lender State Bank of India (SBI) will set up a branch in Doha during the first quarter of 2011, said a senior bank official. “The new office should start functioning by March 2011,” chief executive officer-designate for the SBI branch, Satyajit Pratap told Qatar Tribune on...

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Moneylife Digital Team 04 January 2011
IDBI Bank Ltd said it has revised its interest rates on retail term deposits by 25-75 basis points (bps) in different maturity buckets. The revised interest rates are effective from 4 January 2011. With this revision, the highest interest on retail term deposits would be 9.25%. Moreover,...

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Moneylife Digital Team 04 January 2011
New Delhi: Environment issues have once again delayed the invitation of bids for the 4,000MW ultra mega power project (UMPP) at Sarguja in Chhattisgarh, reports PTI. “The preliminary bidding process for the project has been delayed by two months...now the last date of submission of bids is on...

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Moneylife Digital Team 04 January 2011
Deutsche MF floats Fixed Term Fund–Series 78; DSP BlackRock MF unveils FMP–3M–Series 27; ICICI Pru MF launches Fixed Maturity Plan-Series 53-One Year Plan E; Sundaram MF introduces Fixed Term Plan–AL Deutsche MF floats Fixed Term Fund–Series 78 Deutsche Mutual Fund has launched DWS Fixed Term...

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Moneylife Digital Team 04 January 2011
Apex court says SEBI can seek relevant information from Sahara group companies, but should not restrain them from raising money from capital markets In what appears to be a severe blow to the market regulator, the Supreme Court on Tuesday asked the Securities and Exchange Board of India...

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Moneylife Digital Team 04 January 2011
New Delhi: With economic recovery in the rich countries remaining fragile, foreign direct investment (FDI) inflows to India dipped for the second consecutive month, falling by about 7% to $1.6 billion in November 2010 over the same period last year, reports PTI. In November 2009, FDI stood at...

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Moneylife Digital Team 04 January 2011
Washington: Global oil prices are all set to rise with increase in demand from India and China in the long term, reports PTI quoting a top Obama administration. "Over the long term, it is safe to say that oil prices will rise, increasing demand of developing countries, particularly India and...

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Moneylife Digital Team 04 January 2011
Mumbai: The Bombay Stock Exchange on Monday announced changes in five indices, effective from 10th January, including the inclusion of Manganese Ore India Ltd (MOIL) in the BSE 500 and PSU indices. Among the mid-cap stocks, Ackruti City, Allahabad Bank, IDBI Ltd, Thomas Cook (India) Ltd among...

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Moneylife Digital Team 04 January 2011
New Delhi: With the approaching deadline to offer complete solution for monitoring of its contents by 31st January, BlackBerry maker Research in Motion (RIM) has offered lawful interception in its security architecture through cloud computing from Indian operators, reports PTI. Cloud...

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Moneylife Digital Team 04 January 2011
The local market is expected to have a positive opening today on the back of supportive global cues. Wall Street closed with modest gains on Monday on strong economic data. Markets in Asia were mostly higher in early trade on Tuesday on improved outlook of the world economy. The SGX Nifty was up...

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Moneylife Digital Team 03 January 2011
New Delhi: Housing finance regulator National Housing Bank (NHB) today said it has entered into a 50 million euro (around Rs298 crore) agreement with Germany-based development bank KfW for promoting energy efficient housing in India, reports PTI. The programme is expected to address a niche...

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Moneylife Digital Team 03 January 2011
DWS Investments launches 15 months scheme; Axis MF floats Fixed Term Plan-Series 11 (371 days); BNP Paribas MF unveils Fixed Term Fund-Series 20 A DWS Investments launches 15 months scheme DWS Investments has launched DWS Fixed Term Fund Series 78-a 15-month close-ended debt fund. The...

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Moneylife Digital Team 03 January 2011
Tata Motors Ltd has announced open sales of the Tata Nano in all the remaining states of India. The car was thus far freely available in 12 states. Customers across the country, who are desirous of driving home a Tata Nano but had not booked the car during 2009, will now be able to purchase a...

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Moneylife Digital Team 03 January 2011
Pharma company Lupin Ltd said that the company along with its subsidiary, Lupin Pharmaceuticals, Inc has settled all ongoing litigation over Lunesta (Eszopiclone) tablets, thereby dismissing a patent suit brought by the drug's manufacturer Dainippon Sumitomo Pharma Co, Ltd's subsidiary Sunovion...

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Moneylife Digital Team 03 January 2011
Larsen & Toubro (L&T) said its railway business unit has won orders worth Rs1,103 crore from various power plant developers for the construction of 'Merry-Go-Round' Systems and construction of railway lines to link power plant sites to the main line rail network. The division has received an...

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Moneylife Digital Team 03 January 2011
New Delhi: The prime minister's economic advisory panel (PMEAC) has said a hike in diesel prices may be deferred to next fiscal due to high inflation rate, reports PTI. "Perhaps, if by March 2011, the inflation rate comes to about 6%, perhaps that may be the time at which they may revise the...

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Moneylife Digital Team 03 January 2011
New Delhi: The government has notified procedures for regular export of 5 lakh tonnes of sugar, out of which the country's top two makers Bajaj Hindustan and Balrampur Chini have got permission to ship over 33,000 tonnes, reports PTI. "The export quota of five lakh tonnes has been pro-rated...

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With an increasingly larger share of money being raised in the emerging markets and the attraction this hold for investors, there is increasing concern about the quality of public issues An important part of the emerging market growth "story" is the shift in capital markets away from older...

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Moneylife Digital Team 03 January 2011
New Delhi: With different taxes rates leading to fuel prices varying from state to state, the oil industry has demanded inclusion of crude oil and its products and natural gas in the reformist goods and services tax (GST) regime, reports PTI. Petrofed, a body representing both public and...

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