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Moneylife Digital Team 27 July 2010
Chennai-based Chettinad Cement Corp Ltd said its first quarter net profit declined to Rs20 crore compared with the net profit of Rs35.1 crore recorded in June quarter a year ago. During the June 2010 quarter, the company's total revenues declined to Rs349.7 crore from Rs367 crore, same...

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Moneylife Digital Team 27 July 2010
Pune-based DS Kulkarni Developers Ltd reported a net profit of Rs5.2 crore for the first quarter compared to Rs2.1 crore for the same quarter last year. During the June 2010 period, the company's total revenues increased to Rs37.6 crore, against Rs24.9 crore in the corresponding period last...

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Moneylife Digital Team 27 July 2010
JSW Steel Ltd reported a first quarter consolidated net profit of Rs295.4 crore compared with Rs234 crore during the same period last year. Total revenues increased to Rs4,681.2 crore in the April-June quarter this year from Rs4,253.5 crore in the quarter ended 30 June 2009. On a...

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Moneylife Digital Team 27 July 2010
Mumbai-based Navneet Publications (India) Ltd registered a first quarter net profit of Rs54.3 crore compared to Rs48.4 crore for the quarter ended 30 June 2009. During the June quarter, its total revenues increased to Rs279.8 crore from Rs262 crore for the same quarter last year. On Tuesday,...

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Moneylife Digital Team 27 July 2010
Patient monitoring systems manufacturer Opto Circuits (India) Ltd has informed Bombay Stock Exchange (BSE) that it bought US-based Unetixs Vascular Inc, a non-invasive vascular diagnostic systems manufacturer, for $9.7 million. Unetixs Vascular designs and manufactures technically advanced US...

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Moneylife Digital Team 27 July 2010
Mumbai-based Jyothy Laboratories Ltd said its first quarter net profit rose to Rs25.7 crore against the net profit of Rs21.98 crore recorded in June quarter a year ago. During the quarter to end-June, its total revenues increased to Rs153.4 crore from Rs119.7 crore, same period a year ago....

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Moneylife Digital Team 27 July 2010
Taurus MF files offer document with SEBI to launch Taurus FMP 180 Days Series 1 Taurus Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to introduce Taurus Fixed Maturity Plan (FMP) 180 Days Series 1. The scheme is a close ended debt scheme. The new...

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R Balakrishnan on saving  and   investing prudently 26 July 2010
What is the upshot of the recent Ordinance demarcating the regulatory turf between Insurance Regulation and Development Authority (IRDA) and Securities and Exchange Board of India (SEBI), followed by new laws governing unit-linked insurance plans (ULIPs)? Life insurance will be sold across the...

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Moneylife Digital Team 26 July 2010
New Delhi: State-owned Bank of Baroda (BoB) today signed an agreement with the Unique Identification Authority of India (UIDAI) to act as a registrar for the project, reports PTI. The bank will join the UIDAI, an ambitious plan to provide unique identification number to all residents of the...

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Moneylife Digital Team 26 July 2010
Gurgaon-based Hi-Tech Gears Ltd reported a net profit of Rs7.3 crore for the first quarter compared to Rs2.8 crore for the same quarter last year. During the June 2010 period, the company's total revenues increased to Rs92.9 crore, against Rs75.1 crore in the corresponding period last...

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Moneylife Digital Team 26 July 2010
Navi Mumbai-based Gateway Distriparks Ltd said its first quarter net profit declined to Rs14 crore against Rs16.6 crore during the June quarter of previous year. During the period its total revenues increased to Rs130.1 crore, from Rs 125.5 crore, same quarter a year ago, it said in a...

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Moneylife Digital Team 26 July 2010
Dena Bank Ltd said its first quarter net profit rose to Rs138.8 crore compared with a net profit of Rs116 crore recorded in June quarter a year ago. The lenders total revenues, including interest, for the June 2010 quarter increased to Rs1,221.8 crore from Rs1,123.8 crore, same period a year...

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Moneylife Digital Team 26 July 2010
Dabur India Ltd said its subsidiary Dabur International Ltd signed an agreement to acquire 100% stake in a Turkey-based Hopi Group for $69 million. Hobi Group is a personal care company and includes Hobi Kozmetik, Zeki Plastik and Ra Pazarlama. The transaction is expected to complete by third...

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Moneylife Digital Team 26 July 2010
Union Bank of India registered a first quarter net profit of Rs601.4 crore compared to Rs442.2 crore for the quarter ended 30 June 2009. During the June 2010 quarter, its total revenues, including interest, increased to Rs4,120.7 crore from Rs3,704 crore for the same quarter last year. On...

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Moneylife Digital Team 26 July 2010
Reliance Broadcast Network Ltd, formerly Reliance Media World Ltd, said its out-of-home (OOH) division BIG Street won a five year from Delhi Metro Rail Corp Ltd (DMRC) for the development of line III. No financial details were provided. According to a company filing, the contract includes...

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Moneylife Digital Team 26 July 2010
New Delhi: State-owned Steel Authority of India Ltd (SAIL) today said it will invest Rs100 crore to revive its Uttar Pradesh unit, formerly known as Malvika Steel, which the steelmaker acquired last year, reports PTI. "The total cost of Jagdishpur SAIL Unit's (JSU) phase-1 revival has been...

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Moneylife Digital Team 26 July 2010
The government will raise Rs1,100-Rs1,200 crore by divesting its 10% stake in the engineering company. Is the FPO worth participating? State-run Engineers India Ltd (EIL) is slated to hit the markets on 27 July 2010 with its follow-on public offer (FPO). EIL is offering 3.36 crore shares with a...

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Moneylife Digital Team 26 July 2010
The government will raise Rs1,100-Rs1,200 crore by divesting its 10% stake in the engineering company. Is the FPO worth participating? State-run Engineers India Ltd (EIL) is slated to hit the markets on 27 July 2010 with its follow-on public offer (FPO). EIL is offering 3.36 crore shares with a...

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Moneylife Digital Team 26 July 2010
New Delhi: State-owned Coal India (CIL) is likely to file a draft prospectus next week for its initial public offering (IPO), billed to be India's biggest issue, through which the government expects to raise about Rs15,000 crore, reports PTI. "The company's board is meeting on 5th August to...

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Moneylife Digital Team 26 July 2010
Singapore: Malaysia's sovereign fund Khazanah today offered to acquire full control of Parkway at Singapore dollar (SGD) 3.95 per share with rival India's Fortis Healthcare agreeing to sell its entire stake in the hospital chain. In a notification to the Singapore Stock Exchange, Khazanah's arm...

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