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Moneylife Digital Team 22 November 2010
 For years Moneylife magazine has been panning bizarre new fund offers. Now the market regulator takes a hard stance on them, especially capital-protection schemes, which it had defended four years ago For a number of years, capital markets watchdog Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 22 November 2010
Bottom-fishing by investors, along with supportive global cues, ensured that the domestic market erased the losses incurred on Friday. Today, the Nifty closed just above the 6,000 mark, while the Sensex was just short of the 20,000 levels. The market opened on a firm note this morning on...

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Moneylife Digital Team 22 November 2010
IT firm Zensar Technologies Ltd said it has entered an agreement to acquire a US-based limited liability company PSI Holdings Group Inc and its subsidiary. The wholly-owned subsidiary of the company, Zensar Technologies, has entered into an agreement to acquire PSI Holdings Group Inc and its...

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Moneylife Digital Team 22 November 2010
Drug firm Bafna Pharmaceuticals Ltd said it has received approval from UK Medicines and Healthcare products Regulatory Agency (MHRA) to manufacture Finasteride, used in the treatment of enlarged prostate gland. The company will manufacture Finasteride in 5mg dosage, Bafna Pharmaceuticals said...

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Moneylife Digital Team 22 November 2010
State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) today said it would join hands with GE India Industrial Pvt Ltd for manufacturing water-treatment equipment. "BHEL and GE India Industrial, a 100% owned subsidiary of GE, USA, will jointly engineer and supply water...

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Moneylife Digital Team 22 November 2010
Tata Power Ltd, which aims to produce at least 25% of its total power generation from clean sources by 2017, will invest around Rs5,000 crore in wind-energy. The company has targeted around 8,000MW of power to be generated from renewable energy resources. Tata Power, which at present has a...

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If you thought loans against gold were the best thing to happen to mankind since sliced bread, think again. We made trips to various branches of companies which profess to offer ‘quick’ loans against the yellow metal and this is what we unearthed Over the past few months, advertisements on...

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Moneylife Digital Team 22 November 2010
Bangalore: Information technology and BPO industry body National Association of Software and Services Companies (NASSCOM) today favoured a flexible work atmosphere for women engaged in raising their family to curb drop-out rates and boost their numbers in mid-level and senior management...

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Moneylife Digital Team 22 November 2010
New Delhi: Realty firm Tulip Infratech today said it will invest Rs1,600 crore over the next four years to develop a housing project in Gurgaon, reports PTI. The company would build 2,000 apartments in the housing project 'Tulip Violet' spread over 40 acres. "We have launched a new project in...

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Alternately conservative and liberal policies and regulations by the Chinese authorities have resulted in the real estate bubble getting bigger and increasing inflation Back in June I wrote a column about the Chinese real estate bubble. Recently we know that the Chinese authorities have been...

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Debashis Basu, Sanket Dhanorkar  and   Pratibha Kamat 22 November 2010
In this second part of our investigation into the workings of gold loan companies, we delve into the financial model of an industry leader, Manappuram Finance, which is listed on the BSE Going by their recent blockbuster performances, it would seem that gold loan companies are poised for...

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Debashis Basu  and   Sanket Dhanorkar 22 November 2010
While gold loan companies are sanguine, actual behaviour of borrowers, lenders and other participants under the stress of sharply falling gold prices remains to be seen. One clue: gold loan companies have never been so big, gold prices have never been so high. This article is the third in a...

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Moneylife Digital Team 22 November 2010
Chennai: Market regulator Securities and Exchange Board of India (SEB) is mulling reducing the timeline for investors to apply for an initial public offer (IPO) through the Applications Supported by Blocked Accounts (ASBA) model, SEBI chairman CB Bhave said on Sunday, reports PTI. ASBA is a new...

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Moneylife Digital Team 22 November 2010
Stories of market manipulation Valuemart Info Technologies (Rs19) Valuemart Info Technologies (VITL) offers IT and business process outsourcing services. The stock has soared by 1,261% between 20 April 2009 and 22 October 2010. VILT’s sales for the March 2009 quarter were Rs2.99 crore...

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Moneylife Digital Team 22 November 2010
The Indian market is poised for a green opening on the back of supportive global cues. The US markets ended with modest gains on Friday despite the rate hike announced by the Chinese government after the close of the last trading day of the week in the region. The Asian pack was mostly higher in...

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Moneylife Digital Team 20 November 2010
Global cues and institutional outflows were responsible for the Indian market ending lower for the second week in a row. The 2G spectrum allocation scandal, which has rocked the government, was responsible for the sharp plunge on Friday. Monthly inflation data for September, along with buying...

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Moneylife Digital Team 19 November 2010
New Delhi: Hindustan Construction Company (HCC) today said its subsidiary, Lavasa Corporation, has been given the green signal for a Rs2,000 crore initial public offer (IPO) by the Securities and Exchange Board of India (SEBI), reports PTI. "... Lavasa Corporation Ltd, subsidiary company of...

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Moneylife Digital Team 19 November 2010
New York: Reliance Industries (RIL) chairman Mukesh Ambani has said that his group is in the process of finalising partnerships with many US universities for establishing a world-class varsity in India, reports PTI. Billionaire Mr Ambani's wife Nita Ambani is leading the efforts for setting up...

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Moneylife Digital Team 19 November 2010
Company plans to acquire manganese reserves in South Africa, but poor infrastructure could increase costs significantly, says an official Manganese Ore India Limited's (MOIL ) plans to acquire vast reserves of manganese in South Africa could prove costly for the company as the country lacks...

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Moneylife Digital Team 19 November 2010
New Delhi: India's sugar output in the 2010-11 season is estimated at 24.5 million tonnes (MT) against the annual domestic demand of 22.5-23 MT, the government today informed Rajya Sabha, reports PTI. "The production of sugar during current sugar season (October-September) 2010-11 is...

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