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Moneylife Digital Team 29 July 2010
New Delhi: Sun Pharma today claimed victory over Eli Lily and Co in a patent litigation over Gemzar, used in cancer treatment, with a US federal court ruling in its favour, reports PTI.  Eli Lily had contended that an abbreviated new drug application (ANDA) by Sun infringed its patent on the...

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If the new PFRDA head's current ideas take shape, NPS may need to be bailed out some day like UTI was Yogesh Agarwal, the new regulator of the Pension Fund Regulatory and Development Authority (PFRDA), is hell-bent on making the New Pension Scheme (NPS) work. Mr Agarwal, who took over as the...

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Moneylife Digital Team 28 July 2010
New Delhi; Food minister Sharad Pawar today said that any decision on decontrolling the sugar sector will be taken only after assessing the likely production for the next year and keeping the interest of the consumers in mind, reports PTI. "I will collect the information about total production...

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Moneylife Digital Team 28 July 2010
The surveillance mechanisms in both exchanges and with SEBI failed to catch the massive price fluctuation; the phenomenal gap in high prices on the BSE and NSE in a heavily-traded scrip shows how imperfect the Indian market is Today morning witnessed an unusual listing on the country\'s leading...

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Moneylife Digital Team 28 July 2010
The surveillance mechanisms in both exchanges and with SEBI failed to catch the massive price fluctuation; the phenomenal gap in high prices on the BSE and NSE in a heavily-traded scrip shows how imperfect the Indian market is Today morning witnessed an unusual listing on the country\'s leading...

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Moneylife Digital Team 28 July 2010
Private sector lender Kotak Mahindra Bank today said that its shareholders have approved the selling of 4.5% stake to Japanese financial services major Sumitomo Mitsui Banking Corp for Rs1,366 crore. At an extraordinary general meeting, the shareholders approved the allotment of 3.28 crore...

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Moneylife Digital Team 28 July 2010
Auto major Mahindra & Mahindra (M&M) today reported 40.30% jump in net profit at Rs562.39 crore for the quarter ended 30th June. The company had posted a net profit of Rs400.85 crore in the corresponding quarter of the last fiscal, M&M said in a statement. The total income during the first...

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Moneylife Digital Team 28 July 2010
IT firm Firstsource Solutions today reported a decline of 15.78% in its consolidated net profit at Rs32 crore for the quarter ended 30 June 2010, over the same period last year. Revenues from operations rose to Rs490.7 crore in the April-June quarter, from Rs484 crore. The company's shares...

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Moneylife Digital Team 28 July 2010
XL Telecom and Energy, a Hyderabad-based company engaged in non-conventional energy power generation, has bagged two export orders aggregating to about Rs65.7 crore for supply of solar panels to the European market. The company has secured one order from a large EPC company in Italy and a...

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Moneylife Digital Team 28 July 2010
State-run lender Corporation Bank today reported a 28% rise in net profit at Rs333.78 crore for the first quarter ended June 30. The bank's net profit during the corresponding quarter last year stood at Rs261.25 crore. The total income of the bank saw an increase of 9% at Rs2,294 crore in the...

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Moneylife Digital Team 28 July 2010
Mumbai: India's entertainment and media (E&M) industry is poised to log a double digit growth of 12.4% cumulatively over the next five years touching Rs1040 billion by 2014, reports PTI quoting a latest report by research firm PricewaterhouseCoopers (PwC). "Many of the factors which caused the...

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Moneylife Digital Team 28 July 2010
An IPO multiple of 50 reminds one of the era of tech bubble. Plus, there are other issues like commitment of the top management, high remuneration paid to top executives, geographical concentration of business and mismatch in its assets and liabilities The much talked about initial public...

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Moneylife Digital Team 28 July 2010
Domestic institutions have the least patience in mutual funds, while retail investors seem to be more hopeful over long-term returns in these instruments Retail investors continue to remain invested in equity mutual funds (MFs) for much longer stretches than domestic institutional investors...

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Moneylife Digital Team 28 July 2010
Domestic institutions have the least patience in mutual funds, while retail investors seem to be more hopeful over long-term returns in these instruments Retail investors continue to remain invested in equity mutual funds (MFs) for much longer stretches than domestic institutional investors...

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Moneylife Digital Team 28 July 2010
New Delhi: The board of realty major DLF will consider plans to dilute the majority stake in wholly-owned retail management subsidiary DLF Brands Ltd (DBL), reports PTI. According to sources, DBL would issue preferential shares worth about Rs100 crore, probably to a promoter group firm. In a...

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Moneylife Digital Team 28 July 2010
The shares of Emami Ltd’s newly spun-off realty arm have tanked massively on listing day, raising doubts about price manipulation amid lack of transparency. Emami Infrastructure Ltd, the demerged realty arm of FMCG major Emami Ltd started trading on the national bourses on Wednesday and has...

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Moneylife Digital Team 27 July 2010
ScanPoint Geomatics (Rs25) Ahmedabad-based ScanPoint Geomatics Limited (earlier known as ScanPoint Graphics) is engaged in the “development and customising services of geographical information system, image processing, global positioning system, computer-aided design and location based...

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Moneylife Digital Team 27 July 2010
Engineering and construction major Larsen and Toubro (L&T) registered a net profit Rs666 crore in the first quarter of 2010-11, a growth of 15%, as compared to Rs578 crore in the same quarter a year ago. The Mumbai-based company also registered a rise of 63% in the placement of orders which...

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Moneylife Digital Team 27 July 2010
Mumbai: Fast Moving Consumer Goods (FMCG) major, Hindustan Unilever Ltd (HUL), on Tuesday said it is looking at increasing the prices of some of its products in the coming quarters with a view to maintain its profit margins, reports PTI. "We are looking at some price changes in the coming...

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Moneylife Digital Team 27 July 2010
Mumbai-based pharmaceutical formulations manufacturer FDC Ltd said its first quarter net profit declined to Rs35.3 crore against Rs38.9 crore during the June quarter of previous year. During the period, its total revenues increased to Rs174.8 crore from Rs165.9 crore, same quarter a year ago,...

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