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Moneylife Digital Team 05 October 2010
New Delhi: Gold prices today climbed by Rs90 to Rs19,480 per ten grams, little short of the Rs19,500 level scaled on 30th September, on buying spree at home for the coming festival and marriage season amid firming global trend, reports PTI. The precious metal regained strength on hectic...

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Moneylife Digital Team 05 October 2010
The market started on a soft note on negative global cues. Fluctuating between the red and green, it ended near the lowest point of the day. Cautiousness prevailed ahead of the quarterly earnings season, set to begin next week. The market opened flat on tepid cues from the global arena and...

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Moneylife Digital Team 05 October 2010
New Delhi: Tata Motors today said it has started open sales of its small car, Nano, in Maharashtra, West Bengal, Uttar Pradesh and Karnataka, reports PTI. In a statement the company said customers in these states who have not booked a Nano so far can now purchase the Nano directly from...

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Moneylife Digital Team 05 October 2010
Stainless steel producer JSL Stainless Ltd said it has increased the proposed investment on Phase-II development of its Orissa plant to Rs6,400 crore to augment production capacity to one million tonnes per annum. The project is being funded in the debt-equity ratio of 70:30. The company,...

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Moneylife Digital Team 05 October 2010
Hinduja Group flagship company Ashok Leyland reported a 90.2% jump in commercial vehicle sales at 10,363 units in September against 54,48 units sold in the same month last year. The company said its domestic sales stood at 9,513 units compared with 4,809 units sold in same month last year,...

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Moneylife Digital Team 05 October 2010
Power equipment supplier Bharat Heavy Electricals Ltd (BHEL) said it successfully tested the largest global vacuum impregnated (GVPI), air-cooled turbogenerator module, used mainly in oil and gas and power sectors. The company's Hyderabad unit has tested the generators of ratings 150 MW,...

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Moneylife Digital Team 05 October 2010
JSW Energy Ltd, part of JSW Group, said it commissioned second unit of 135 MW of its 135x8 MW power project at Barmer in Rajasthan. The company said that four more units of 135 MW each are likely to be commissioned by the end of the current financial year and the rest of the two units by the...

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Moneylife Digital Team 05 October 2010
IVRCL Infrastructures & Projects Ltd said it won orders worth Rs1,119.8 crore from various institutions. From its water division, IVRCL, has won an order worth Rs315 crore from Tamil Nadu Water Supply and Drainage Board for Hogenakkal Water Supply and Fluorosis Mitigation Project...

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Moneylife Digital Team 05 October 2010
New Delhi: Telecom operators in the country added 18.18 million subscribers in August this year, taking the total number of mobile users in India to 670.60 million, reports PTI quoting the Telecom Regulatory Authority of India (TRAI). According to data released by the telecom regulator, the...

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Moneylife Digital Team 05 October 2010
Even as the Sensex scales a 32-month high, thousands of crores are flowing out of equity funds while data from the NSE proves that the Indian equity market is extremely hollow. But regulators are in an ivory tower. In this second part of a three-part series, we look at what investors have to say...

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Moneylife Digital Team 05 October 2010
IDBI Bank ties up with World Resources Institute; ICICI Home Search and Ekta Group tie up for Ekta Parksville; HDFC Mutual Fund floats HDFC FMP 35D September 2010 (3); M&M signs MoU with Allahabad Bank for car loans and commercial vehicle finance; Bank of Baroda, Development Credit Bank increase...

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Moneylife Digital Teamb 05 October 2010
Hyderabad: The Central Bureau of Investigation (CBI) today questioned Satyam founder and former chairman B Ramalinga Raju to further probe the multi-crore accounting scam in the IT firm, reports PTI. Mr Raju, the prime accused in the Satyam fraud case, reached the CBI office at around 1000...

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Moneylife Digital Team 05 October 2010
Dubai: Indian companies are among the contenders for a multi-billion dollar project for expansion of the Prince Muhammad bin Abdulaziz International Airport in Madinah, which has seen active interest from as many as eight multinational consortiums, reports PTI. The companies bidding for the...

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Moneylife Digital Team 05 October 2010
Global cues indicate a soft-to-flat opening for the Indian market today. Markets in the US ended in the red on Monday on a decline in factory orders and the lingering debt crisis in Europe. Rating cuts of corporates by analysts ahead of the earnings season also weighed on the sentiments. The...

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Moneylife Digital Team 04 October 2010
Kochi: India should open interest free banking windows in conventional banks as a pilot project, reports PTI quoting Muddassir Siddqui, a leading authority on interest free banking. Making a strong plea for launching Islamic banking in India, Mr Siddqui, partner and head of Islamic Finance,...

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Moneylife Digital Team 04 October 2010
Profit booking took away most of the gains accrued in the early session today. While the market had a fairly decent opening, selling pressure in heavyweights led the indices near their opening levels at the end of the session. The market opened with good gains this morning with the indices...

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Moneylife Digital Team 04 October 2010
New Delhi: Seeking viable solutions to make India slum-free, the government today invited banks, other financial institutions and the real estate sector to use its interest subsidy scheme for construction of affordable houses for urban poor, reports PTI. "There is a need for credit...

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Moneylife Digital Team 04 October 2010
New Delhi: BlackBerry manufacturers have suggested forming of a joint consultative forum comprising government, users and service providers for drawing up procedures to intercept services likes Enterprise Mail as banning the service would be "counterproductive", reports PTI. In a letter to...

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Moneylife Digital Team 04 October 2010
Even as the Sensex scales a 32-month high, thousands of crores are flowing out of equity funds while data from the NSE proves that the Indian equity market is extremely hollow. But regulators are in an ivory tower. They are not listening. This is the first part of a three-part series A loud...

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Moneylife Digital Team 04 October 2010
New Delhi: With diesel generators that power three lakh telecom towers in the country guzzling fuel worth over Rs6,400 crore every year, the government has set up a panel to promote renewable energy particularly solar in the sector to slash cost as well hazardous carbon emissions, reports PTI.

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