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Moneylife Digital Team 11 October 2010
New Delhi: India's highways development project, the largest public private partnership programme in the world, is likely to attract a whopping investment of $41 billion, including FDI, from private sector, reports PTI quoting highways minister Kamal Nath. "Over the next few years, of the total...

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Moneylife Digital Team 11 October 2010
The market ended in the positive zone for the second day in a row. Although the indices got an early boost from the global markets this morning, the gains could not be sustained and the jittery market ended a tad higher. The market, which touched its intraday high soon after the opening bell on...

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Moneylife Digital Team 11 October 2010
Mumbai: Vedanta Resources today said the long-drawn arbitration process for buying government's remaining 49% stake in Bharat Aluminium Company (Balco) is over and the group expects to complete the acquisition by the end of this fiscal, reports PTI. "Arbitration process is concluded. Award is...

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Moneylife Digital Team 11 October 2010
The quarter ending September has been full of exciting developments for both the economy as well as corporate India. The BSE Sensex has crossed 20,000 and the markets are eagerly waiting to see the Q2 numbers before taking fresh direction. Here is what analysts are expecting in the metal, oil &...

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Moneylife Digital Team 11 October 2010
Education management systems provider, CORE Projects & Technologies Ltd has signed a memorandum of understanding (MoU) with Gujarat Knowledge Society, to impart job-oriented skill upgradation courses to students from various disciplines in colleges across Ahmedabad and Surat districts. With...

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Moneylife Digital Team 11 October 2010
MIC Electronics Ltd said it signed a memorandum of understanding (MoU) to buy 51% stake in LED lightening system manufacture Avni Energy Solutions Pvt Ltd. No financial details were provided. With this acquisition, MIC said its manufacturing capacity as well as its customer base and people...

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Moneylife Digital Team 11 October 2010
Mumbai-based Supreme Infrastructure India Ltd said it won two orders worth Rs85.4 crore for civil works. The first order worth Rs20 crore is from Rolta India Ltd for civil related works at Rolta Tower I, in Andheri. The second order worth Rs65.4 crore is from RNA Corp Ltd for construction of...

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Moneylife Digital Team 11 October 2010
Jaihind Projects Ltd said it won orders worth Rs94.3 crore from Brahmaputra Cracker and Polymer for carrying out piping works at Lepetkata in Assam. On Monday, Jaihind Projects shares rose 2.4% to Rs235 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.4% to 20,339 points.

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Moneylife Digital Team 11 October 2010
Plastics and textile company Sintex Industries Ltd registered a net profit of Rs100 crore for the quarter, ended 30 September compared to Rs57.2 crore for the corresponding quarter last year. During the second quarter, the company's total revenues increased to Rs950.2 crore from Rs720.2...

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Moneylife Digital Team 11 October 2010
Glenmark Pharmaceuticals Ltd said its unit Glenmark Generics received approval from the US Food and Drug Administration (USFDA) for its pramipexole dihydrochloride tablets, used in the treatment of Parkinson's disease. The company has started the marketing and distribution of all approved...

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V Ananthakrishnan 11 October 2010
Borrowing against gold is becoming more popular as the yellow metal’s price reaches for the stratosphere and Indians lose their inhibitions over pledging their family heirlooms as collateral. Is it safe to do business with these gold-loan companies?  Of late, we see a number of advertisements...

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V Ananthakrishnan 11 October 2010
Borrowing against gold is becoming more popular as the yellow metal’s price reaches for the stratosphere and Indians lose their inhibitions over pledging their family heirlooms as collateral. Is it safe to do business with these gold-loan companies?  Of late, we see a number of advertisements...

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Moneylife Digital Team 11 October 2010
 New Delhi: Giving reprieve to transporters and other users of the fuel, the government has said it was not the right time to deregulate diesel prices, as inflation continued to be high, reports PTI. "I don't think it will be a wise or prudent thing to do (deregulate price of diesel) at a time...

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Moneylife Digital Team 11 October 2010
New Delhi: The fast growing Indian renewable energy sector is expected to witness increased deal making activities in the coming months, reports PTI quoting global consultancy Deloitte. "The trend (in deal making activities in the renewable energy sector) will continue going forward. The...

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Moneylife Digital Team 11 October 2010
IDFC Mutual Fund to float IDFC Savings Scheme-Series I on 15th October; Taurus MF revises exit load under two schemes; Principal MF mergers Principal Resurgent India Equity Fund into Principal Growth Fund; Deutsche MF revises exit load structure under two schemes; Infra BeES gets listed on...

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Moneylife Digital Team 11 October 2010
Mumbai: The Vedanta Group today ruled out increasing the open offer price to minority shareholders of Cairn India, saying its current offer was "lucrative," reports PTI. "There is no question (of increasing the open offer price). The price is final and that is a very lucrative offer," Vedanta...

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Reliance General’s ‘gross premium underwritten’ is down by over 21%, partly as a result of increase in premium by almost 500% in Reliance HealthWise, which has put off customers. This is at a time when the general insurance sector is expanding and no other company is exhibiting negative growth...

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Moneylife Digital Team 11 October 2010
Global cues point out to a positive opening for the Indian market. The US markets settled higher on Friday on hopes that the Federal Reserve will provide further stimulus to boost the sagging economy, as the jobs market witnessed a cut of 95,000 jobs in September. Asian markets were on the US...

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We have frequently pointed out that the National Stock Exchange (NSE) is a secretive organisation. The transparency of its trading platform does not extend to its own operations. It is fighting a hard, legal battle to avoid application of the Right to Information (RTI) Act. It lost a case in the...

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Moneylife Digital Team 09 October 2010
The market ended its five-week winning streak, ending in the red for the week ended 8th October on all-round selling pressure and tepid cues from the global and domestic arena. Nervousness ahead of the domestic earnings season, which kicks off next week, also kept investors on the sidelines....

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