INVESTOR INTEREST


Moneylife Digital Team 13 July 2010
Mr Mittal has already said that 3G services will not come cheap, especially for metro cities like Delhi and Mumbai, where the 3G spectrum bid was the highest at Rs3,316.93 crore and Rs3,247 crore respectively With no operator getting a pan-India footprint for third generation (3G) because of...

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The regulator’s misguided moves will further alienate retail investors   In the 20 years since India started its economic liberalisation programme under Dr Manmohan Singh, our investor population has shrunk from 20 million to 8 million (figures from government reports). In fact, the...

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Moneylife Digital Team 13 July 2010
The focus of the scheme is to achieve 100% financial inclusion for all BPL families. It would also seek to promote self-help groups, farm clubs with the participation of NGOs and other development agencies India's largest bank, the State Bank of India (SBI) is planning to revive its village...

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Moneylife Digital Team 13 July 2010
The affirmations follow RIL's recent announcements of investment plans for the petrochemical, upstream oil and gas, telecom and power sector Global research firm Fitch on Monday reaffirmed its credit ratings on various debt programmes of Reliance Industries (RIL) that has chalked out major...

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Munira Dongre 13 July 2010
During the first quarter to end-June, the IT major was expected to clock net profit of over Rs15 billion. Infosys seems to have disappointed on three fronts -- European revenues, margins (due to wage hikes), and attrition (about 25%, which is too high) Infosys disappointed the market with a...

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Moneylife Digital Team 12 July 2010
The government has set a growth target of 20% for the banks, both in credit and deposit segments, in the current fiscal. Last fiscal, banks had overshot the 16% target and had ended the year with 16.5% growth Bankers today informed the Reserve Bank of India (RBI) that they are confident of...

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Moneylife Digital Team 12 July 2010
Subject to minor declines, market may be headed for a new intermediate high The market in the green for the third day in a row on positive Asian markets; however, lower-than-expected industrial growth limited the gain. The Sensex settled at 17,937, up 103 points (0.6%) and the Nifty stood at...

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Moneylife Digital Team 12 July 2010
Mumbai-based Ajel Infotech said it has signed contracts with UAE-based Talitha Global and Singapore-based Jash Consultants to provide electronic customer relationship management (eCRM) mobility solutions. Ajel will upgrade Talitha and Jash Consultant's current setup with eCRM solution and...

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Moneylife Digital Team 12 July 2010
Noida-based Jaypee Infratech Ltd said its first quarter net profit rose to Rs394.83 crore as against a net loss of Rs9.55 crore during the same quarter last year. The company reported total revenues of Rs596.95 crore in the quarter ended June 2010. There were no revenues reported during the...

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Moneylife Digital Team 12 July 2010
Equirus Capital, Indian financial advisory, has partnered with Clairfield Partners, an international network of investment banks. The partnership will enhance Equirus M&A capability and coverage across Europe, US, Asia and Australia.  Equirus Capital specialises in private equity advisory,...

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Moneylife Digital Team 12 July 2010
Wind turbine manufacturer, Suzlon Energy Ltd said it won an order from the Malpani Group to set up, operate and maintain two new wind power projects totalling 19.8 MW capacity in Karnataka and Maharashtra. No financial details were provided. The 19.8 MW order comprises eight units of Suzlon’s...

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Moneylife Digital Team 12 July 2010
Hyderabad-based LGS Global Ltd reported a full year net profit of Rs34.68 crore compared to net profit of Rs26.98 crore the previous year. During the period to end-March, the company’s total revenues increased to Rs384.46 crore from Rs294.58 crore. On a standalone basis, the company has posted...

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Moneylife Digital Team 12 July 2010
Mumbai-based Money Matters Financial Services Ltd said its full year net profit increased to Rs125.57 crore compared to net profit of Rs102.65 crore, a year ago. On a standalone basis, the company has posted a net profit of Rs113.59 crore for the full year as compared to net profit of Rs101.44...

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Moneylife Digital Team 12 July 2010
India Motor Parts & Accessories Ltd, a TVS Group Co, reported a full year net profit of Rs24.79 crore compared to net profit of Rs17.37 crore the previous year. During the period to end-March, the company’s total revenues increased to Rs359.3 crore from Rs301.5 crore. The company is engaged in...

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Moneylife Digital Team 12 July 2010
RSWM Ltd said it will divest its stake in Bhilwara Energy Ltd (BEL) to two foreign investors as part of its plan to fund its power projects in India and Nepal. This will reduce RSWM’s stake in BEL to 17.4% from 19.5% through divestment of 10.8% stake by BEL for Rs230 crore, it said in a...

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R Balakrishnan on saving  and   investing prudently 12 July 2010
Mutual funds have to be ‘sold’ because they are not a ‘need’ for anyone. If something has to be sold, someone has to be paid. That is elementary economics Everyone is going hammer and tongs at the mutual fund industry. Going by the noise, one would think that asset management companies (AMCs)...

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Moneylife Digital Team 12 July 2010
TTSL said that COAI only pursued the interests of some older players on issues such as reduction in interconnect charges, excess spectrum charging and national numbering plans Terming the functioning of Cellular Operators Association of India (COAI), a powerful lobby of GSM operators, as...

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Pallabika Ganguly 12 July 2010
Private labels contribute 19%-20% Aditya Birla Retail’s total sales. It wants to reduce private labels to focus on volume sales Aditya Birla Retail Ltd (ABRL) is betting differently on private labels, products that are sold by retailing companies under their own brand name. The company is now...

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Moneylife Digital Team 12 July 2010
BSE and MCX have filed their preliminary applications with SEBI to launch SME exchanges but there is little chance of this segment coming up in the near future Since previous attempts to launch an exclusive platform for small and medium enterprise (SME) have failed, market regulator Securities...

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Markets are headed higher but buy only on declines Another fortnight is over and the short-term top of 15th April has not been scaled as yet. But is a trend change at hand? Two weeks ago, I had suggested that “if the US goes down by 10%-15%, India will not stand tall; it will go down too, quite...

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