INVESTOR INTEREST


Moneylife Digital Team 28 September 2010
They are withdrawing their funds from the apex co-operative bank; activist calls for awareness of consumers’ rights Some co-operative housing societies are worried over reports about the financial mess in Maharashtra State Co-operative Bank Ltd (MSCB), and they have started to withdraw they...

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Moneylife Digital Team 28 September 2010
Mumbai: India Inc raised nearly $1.09 billion overseas during August, 2010 via External Commercial Borrowings (ECBs) and Foreign Currency Convertible Bonds (FCCBs), reports PTI quoting the Reserve Bank of India (RBI) data. Around 50 companies raised $87,44,95,019 through the automatic route for...

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Moneylife Digital Team 28 September 2010
Breaking its two-day winning steak, the Indian market ended flat with a negative bias. A high degree of choppiness, ahead of the expiry of the September futures and options (F&O) contract, was the characteristic of today's session.  The local market opened steady on unsupportive cues from the...

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Moneylife Digital Team 28 September 2010
Man Infraconstruction Ltd said it has won three orders from new clients in Mumbai. No financials were provided. The scope of order work includes construction of office building for investment banker Enam, residential tower for developers Wadhwa Group and Rohan Developers. The execution is...

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Moneylife Digital Team 28 September 2010
Third-party logistics service provider Aqua Logistics Ltd said it won contracts worth Rs110 crore. The orders are from clients in pharmaceuticals, heavy engineering and fast moving consumer goods (FMCG) verticals for outsourcing and managing logistics, the company said in a regulatory filing.

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Moneylife Digital Team 28 September 2010
Heat transfer technology provider GEI Industrial Systems Ltd said it won a contract worth Rs135 crore for supply of 11 air cooled vacuum steam condensers (ACSC) for different plant capacities. This includes three units of 80 MW independent power plants being set up by Sarda Energy in...

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Moneylife Digital Team 28 September 2010
Pipe manufacturer PSL Ltd said it has won orders worth Rs565 crore from various companies. Among the new orders include an order worth Rs200 crore from Indian Oil Corporation Ltd, the company said in a statement. On Tuesday, PSL shares ended 2.6% higher at Rs118 on the Bombay Stock Exchange,...

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Moneylife Digital Team 28 September 2010
Financial Technologies India Ltd (FTIL), a trading solutions provider, said it provided its Internet-based trading (IBT) platform to Satco Securities and Financial Services Ltd.  FTIL's trading platform is a high-end integrated trading application developed for retail traders. It is a...

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Moneylife Digital Team 28 September 2010
Mumbai: The Insurance Regulatory and Development Authority (IRDA) today said that mediclaim policy holders, who are not satisfied with the services, will soon be able to switch service providers at the same premium, reports PTI. The same would also be true for motor insurance policy holders.

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Moneylife Digital Team 28 September 2010
Reliance MF launches Reliance Dual Advantage Fixed Tenure Fund-Plan I; Fidelity MF unveils Fidelity Fixed Maturity Plan Series III-Plan F; Deutsche MF files offer document with SEBI to launch DWS Hybrid Fixed Term Fund Series 2 to 3; Principal MF files offer document with SEBI to launch Principal...

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Moneylife Digital Team 28 September 2010
In another example of aggressive selling in a bull market, ING’s quant scheme, aided by ‘friendly’ media, is gathering lots of assets from the wealthy, no matter its poor performance and high fees If you go by media reports, ING India BSE200 Quant equity portfolio (IIB200QE Portfolio) a...

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Munira Dongre 28 September 2010
JM Financial: Despite the company's denials, market talk around this stock refuses to abate. The belief is that there will be a majority stake in JM's asset management company. The market also believes that Spandana Sphoorty Financial (the microfinance company in which JM is said to hold a...

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Moneylife Digital Team 28 September 2010
New Delhi: Kuwait Petroleum Corporation (KPC) is likely to bid in the forthcoming round of New Exploration Licensing Policy (NELP) with state-owned Oil & Natural Gas Corporation (ONGC), reports PTI quoting a company official. Kuwait Foreign Petroleum Exploration Company (KUFPEC), a subsidiary...

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Moneylife Digital Team 28 September 2010
New Delhi: The telecom ministry has warned of action against companies that won licences by falsifying information, but maintained it had done no wrong in the second generation (2G) licence allocation in 2008, reports PTI. "All the Unified Access Service (UAS) licences in 2008 were issued as...

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Moneylife Digital Team 28 September 2010
Mumbai: With the Reserve Bank of India (RBI) throwing open a discussion on granting new banking licences, the Anil Dhirubhai Ambani Group (ADAG) today said it plans to enter the banking business through group firm Reliance Capital, reports PTI. "We have always regarded banking as a...

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Moneylife Digital Team 28 September 2010
Mumbai: Hinting at a major overhaul in the regulations for insurance sector, the Insurance Regulatory and Development Agency (IRDA) today said it will soon come out with merger and acquisition (M&A) norms for insurers and initial public offer (IPO) guidelines are already on the way, reports PTI.

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Moneylife Digital Team 28 September 2010
Mumbai: Anil Dhirubhai Ambani Group (ADAG) group firm Reliance Power (R-Power) today said it aims to become the country's largest private sector power generating company by 2015, reports PTI. The company will also have an operational capacity of 5,000 mega watts (MW) by 2012 and will...

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Moneylife Digital Team 28 September 2010
The market is likely to open on a soft-to-flat note today on the back of negative cues from across the globe. Concerns about sustainable economic growth without additional stimulus made investors jittery after the recent gains in the markets, with Wall Street ending lower on Monday. Asian...

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Moneylife Digital Team 27 September 2010
ING Vysya Bank has just closed subscription to a portfolio management scheme that aims to provide handsome returns through equity exposure while protecting investors’ capital. The main gainer would be ING and the distributors who push it The stock markets are riding a wave of enthusiasm as the...

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Moneylife Digital Team 27 September 2010
The revenue growth and profitability of the company depend on successful implementation of its new project, as well as market acceptance of the products. It is not an inexpensive IPO offer due to the competitive market with a presence of large and well-established players Issue Details

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