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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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Moneylife Digital Team 10 July 2010
The market is climbing a wall of worry. Watch 18,300 on the Sensex The domestic market ended the week with a gain on positive global sentiments. Although the week stared with a subdued performance on the bourses weighed by the 'Bharat Bandh' called by the opposition parties; the market staged a...

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Moneylife Digital Team 09 July 2010
Thousands of clients of ICICIdirect were left in the lurch on Thursday, as its trading site was nonoperational for more than 24 hours. Many customers are venting their anger through comments on Moneylife.in and other forums The unavailability of ICICIdirect's trading portal during trading...

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Moneylife Digital Team 09 July 2010
Resistance is at 17,900 but the market is bent on pushing higher The market ended in the green for the second day in a row on strong global cues and on positive domestic economic news. The Sensex settled at 17,833, up 182 points (1%) and the Nifty closed at 5,352, up 55 points (1%). The indices...

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Moneylife Digital Team 09 July 2010
Auto parts and equipment maker Steel Strips Wheels Ltd (SSWL) said it received an export order from the German car maker Audi. The awarded business has a potential of export worth over $38 million over five years period, SSWL said in a regulatory filing. The Chandigarh-based company said it...

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Moneylife Digital Team 09 July 2010
Kolkata-based McNally Bharat Engineering Co Ltd said it received orders, worth Rs33.77 crore, from NTPC Ltd for their Vindhyachal Super Thermal Power project. The scope of the work includes supply under pre-treatment plant package and inland transportation, insurance, erection, testing,...

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Moneylife Digital Team 09 July 2010
Mumbai-based Pratibha Industries Ltd said its joint venture with Lucknow-based Abhyudaya Housing and Construction Pvt Ltd, has won an annuity project from National Highways Authority of India (NHAI). The total revenues receivable from NHAI is Rs336.70 crore, the company said in a regulatory...

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Moneylife Digital Team 09 July 2010
Sharon Bio-Medicine Ltd said its formulation plant at Dehradun has been approved by UK-based Medicines and Health Care Product Regulatory Agency (MHRA). The company, located in Raigad, Maharashtra, expect the sales to start in near future to the UK and Europe, Sharon Bio-Medicine said in a...

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