INVESTOR INTEREST


Moneylife Digital Team 19 April 2011
Deutsche Mutual Fund new issue closes on 25th April Deutsche Mutual Fund has launched DWS Fixed Term Fund-Series 80 (DFTF-80), a close-ended income scheme. The objective of the fund is to generate regular income by investing in debt and money market instruments maturing on or before the...

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Moneylife Digital Team 19 April 2011
Future Generali India Life Insurance has launched a flexible unit linked insurance plan that offers protection as well as the opportunity to create wealth Future Generali India Life Insurance Company said that it has launched a flexible unit linked insurance plan that offers protection as...

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Moneylife Digital Team 19 April 2011
Edelweiss Tokio Life Insurance has received the second stage R2 approval from IRDA to operate in the life insurance space Edelweiss Tokio Life Insurance Company has received the second stage R2 approval from the Insurance Regulatory & Development Authority (IRDA) to operate in the life...

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Moneylife Digital Team 19 April 2011
The market regulator intends to seek help of professionals, use latest tech tools and put in place an investigation laboratory to innovate investigative methods  New Delhi: With an aim to catch fraudsters early, the Securities and Exchange Board of India (SEBI) plans to set up a forensic...

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What is a business model without a widening customer base? Amazingly, PE funds missed that core point. Even as brokers threw PE money at branch expansion, retail investors stand alienated from the big bull market India's consumption is booming. The Indian stock market is booming. There will...

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Moneylife Digital Team 19 April 2011
Gold has gone up six times in 10 years. That’s exactly why you should not join the gold rush to invest in gold ETFs After the recent launch of HDFC Gold ETF and ICICI Gold ETF funds, now Birla Sun Life Mutual Fund is launching its gold ETF fund. Birla Sun Life Gold ETF is an open-ended gold...

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Moneylife Digital Team 19 April 2011
Last year, SEBI in a show-cause notice alleged that PSTL inflated its revenues and profits by fictitious entries in its accounts and had barred its managing director PS Saminathan from trading in stock market for 10 years Mumbai: Market regulator Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 19 April 2011
Investors were concerned that the downward revision in the US sovereign rating would slow growth in the world’s largest economy The local market is likely to see a gap-down opening on dismal global cues. Marco economic news in the US pushed down key indices to the month’s low on Monday and...

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Moneylife Digital Team 18 April 2011
Nifty may go down to 5,600 and Sensex to 18,400 The local market opened flat as Asian markets showed little gains following the Chinese central bank's decision to hike reserve requirements for banks. Poor quarterly numbers of Infosys and the rise in headline inflation for March continued to...

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Moneylife Digital Team 18 April 2011
Post IPO, the promoter holding in the company would come down to 80.1%, and remaining would be held by four private equity investors and general public New Delhi: Muthoot Finance, which is aiming to raise Rs900 crore through an initial public offer (IPO), today said it expects 50% growth in...

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Moneylife Digital Team 18 April 2011
Net interest income increased by 42% to Rs 388 crore from Rs 273 crore on year-on-year basis while other income climbed to Rs 182 crore from Rs 132 crore (y-o-y) Mumbai: Private sector lender IndusInd Bank today posted a 75.3% increase in its net profit for the fourth quarter ended 31 March...

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Moneylife Digital Team 18 April 2011
Net interest income during the quarter was Rs2,839.50 crore, driven by loan growth of 27.1% and a core net interest margin (NIM) for the quarter of 4.2%, the bank said Mumbai: Private sector lender HDFC Bank today reported a 33.2% jump in net profit to Rs1,114.70 crore for the fourth quarter...

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Moneylife Digital Team 18 April 2011
JSW Steel has challenged the orders of the Delhi High Court which had approved the Rs220 crore bid of the Vedanta Group company and directed IFCI to sell the debt-ridden Bellary Steel to Sesa Goa New Delhi: The Supreme Court today issued notices to Sesa Goa and Industrial Financial...

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Moneylife Digital Team 18 April 2011
On a consolidated basis, IFCI's net profit rose to Rs745.50 crore for 2010-2011 as compared to Rs693 crore in the previous fiscal, a 7.58% growth Mumbai: IFCI today posted a net profit of Rs233 crore for the fourth quarter ended 31 March 2011, down marginally by 4% from Rs243.30 crore in the...

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Moneylife Digital Team 18 April 2011
Lamon Rutten, MD & CEO, MCX said, "Gold is considered as an investment option, and has now become a part of portfolio of many investors and hedge funds. Availability of Gold Petal, a product that can act as a SIP product, will attract retail participants" Mumbai: Multi Commodity Exchange of...

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Moneylife Digital Team 18 April 2011
The company, a major generic drug maker, may launch a generic version of Effexor tablets—an anti-anxiety drug—in June in the USA, according to sources close to the development Aurobindo Pharma, a major generic drug maker, may launch a generic version of Effexor tablets-an anti-anxiety...

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Moneylife Digital Team 18 April 2011
The scope of the work includes improving ground, workshop building and construction of railway siding for supply of coal to two 500MW thermal power plants in the state Infrastructure developer Punj Lloyd today said that it has bagged a Rs114 crore contract from the Uttar Pradesh Rajya Vidyut...

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Moneylife Digital Team 18 April 2011
Continental has signed an agreement with Modi Rubber Ltd (MRL) for the acquisition of a 100% share in Modi Tyres Company Limited (MTCL), a subsidiary of MRL International automotive supplier and the world's fourth largest tyre manufacturer Continental has signed an agreement with Modi Rubber...

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Moneylife Digital Team 18 April 2011
The number of life policies in force has increased 12 times and the health insurance has increased by 25 times over the past decade. Better terms and availability of a wide variety of products is the main reason for the growth of the industry According to a study conducted by the Federation...

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Moneylife Digital Team 18 April 2011
The service will leverage 3,000 UBI bank branches, 2,500 ATMs and Nokia’s retail network Union Bank of India (UBI) together with Nokia, today announced the commercial launch of a service called 'Union Bank Money powered by Nokia' across India, starting with the National Capital Region. The...

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