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Moneylife Digital Team 06 December 2010
Hyundai to hike prices by up to 2% from Jan; Syndicate Bank hikes deposit rate to 8.5%; Motilal Oswal MF files offer document with SEBI to launch MOSt Shares Midcap ETF; Edelweiss MF revises fund name Hyundai to hike prices by up to 2% from Jan Hyundai Motor India Ltd (HMIL) said it will...

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Moneylife Digital Team 06 December 2010
Thiruvananthapuram: Utilising the new generation technology is important for banks to reach out to villages to achieve programme targets like total financial inclusion, reports PTI quoting Reserve Bank of India (RBI) regional director Suma Varma. Mr Varma, who was speaking at the inauguration...

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Moneylife Digital Team 03 December 2010
New Delhi: The Indian apparel industry says the government's decision to cap cotton yarn exports at 72 crore kg in 2010-11 is likely to bring down prices in the domestic market, reports PTI. "The cap is expected to bring some stability to high cotton yarn prices, thus increasing the...

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Moneylife Digital Team 03 December 2010
New Delhi: Leading housing finance firm Housing Development Finance Corporation (HDFC) today announced a hike in its benchmark lending rate by 75 basis points, making home loan dearer for both existing and new borrowers, reports PTI. HDFC has raised its retail prime lending rate (RPLR) by...

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Moneylife Digital Team 03 December 2010
New Delhi: The government today said it has no plans to reduce the rate of interest to 4% from the current 5% on farm loans, reports PTI. In a response to a written query in Rajya Sabha, minister of state for food and agriculture KV Thomas said that the government has no proposal under...

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Moneylife Digital Team 03 December 2010
Mumbai: Reserve Bank of India (RBI) governor D Subbarao today asked banks to hike deposit rates and lower the lending interest to improve their efficiency to the level of their global peers, reports PTI. “We need to raise the level of national savings and channel those savings into...

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Moneylife Digital Team 03 December 2010
The local market opened almost flat as its Asian peers drifted lower in morning trade. A sell-off in realty and consumer durables stocks, after recent appreciable gains, was the main cause of the market ending unchanged today. The market opened almost unchanged from its previous close, as Asian...

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Moneylife Digital Team 03 December 2010
Hinduja group flagship company Ashok Leyland Ltd announced a 179% rise in exports for November, selling 1,252 units during the period. It had sold 449 units during the corresponding period last year, the company said in a statement said. However, the domestic sales during the month dipped...

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Moneylife Digital Team 03 December 2010
IT bellwether Tata Consultancy Services (TCS) Ltd said it has won a contract from Uttar Pradesh government for establishing and managing the state’s data centre for consolidating various applications. However, the company did not disclose the financial details of the order received. The data...

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Moneylife Digital Team 03 December 2010
Anil Ambani Group firm Reliance Communications Ltd said its R-World, will be powered by mobile data services and solutions provider, Motricity, which will deliver complete mobile Internet and data services. The mobile data services portal has been developed on Motricity’s mCore platform which...

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Moneylife Digital Team 03 December 2010
Infrastructure major Larsen & Toubro (L&T) Ltd said its construction division has won an order worth Rs716 crore from the Department of Transport, Abu Dhabi, for construction of Sheikh Khalifa Interchange. The scope of work includes construction of four bridges to be completed in two years,...

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Birla Sun Life MF unveils 366 days Fixed Term Plan; DSP BlackRock MF floats FMP–12M–Series 10; Fidelity MF introduces 93 days plan Birla Sun Life MF unveils 366 days Fixed Term Plan Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan–Series CJ, a close-ended income scheme.

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Moneylife Digital Team 03 December 2010
Mumbai: Reserve Bank of India (RBI) governor D Subbarao today pitched for streamlining banking regulations, saying some were “confusing” even though they served the banking system well, reports PTI. On the existing arrays of laws in the banking sector, he favoured a single legislation to...

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Moneylife Digital Team 03 December 2010
New Delhi: The government late Thursday said it is “actively considering” a request from the tobacco industry to increase the duration of display of a particular pictorial warning in cigarette packets, reports PTI. There are two existing pictorial warnings like scorpion and damaged lungs...

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Moneylife Digital Team 03 December 2010
IPO mania is here again. But as a Moneylife research study shows, there is only one way to play the game. Debashis Basu, Sanket Dhanorkar and Pratibha Kamath explain. Plus a survey of readers’ opinion on key issues regarding IPOs It is that time again when companies queue up to raise...

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Moneylife Digital Team 03 December 2010
Mumbai: Market regulator, Securities and Exchange Board of India (SEBI) on Thursday barred four companies and their respective promoters from trading on the bourses for allegedly indulging in unfair trading practices, reports PTI. Murli Industries, Ackruti City, Welspun Gujarat Stahl Rohren...

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Moneylife Digital Team 03 December 2010
New Delhi: The Enforcement Directorate (ED) has questioned former telecom minister A Raja’s close aide RK Chandolia in connection with the alleged second generation (2G) spectrum scam and indicated that more officials are under the scanner, reports PTI. Official sources said Mr Chandolia, who...

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Moneylife Digital Team 03 December 2010
The gains are likely to continue in the Indian market following positive signals from across the globe. Wall Street settled higher overnight as firm economic data increased risk appetite. Markets in the Asian region were trading in the green on speculations that consumer spending in the US will...

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Moneylife Digital Team 02 December 2010
New Delhi: The government has approved a 10% hike in price of natural gas that state-owned firms like Oil and Natural Gas Corporation (ONGC) sell to consumers in non-priority sectors such as steel and petrochemicals, reports PTI. "Effective 1st December, ONGC and Oil India Ltd (OIL) have been...

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Moneylife Digital Team 02 December 2010
The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) today reported 19% jump in motorcycle sales at 2,65,036 units in November. The company had sold 2,42,390 units in November last year, BAL said in a statement. In October this year, the company had reported its highest ever...

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