INVESTOR INTEREST


Moneylife Digital Team 07 July 2010
On continuing with HDFC’s ‘teaser’ home loan rate, Keki Mistry said the benefit of lower cost of funds is being passed on to customers Leading home loan lender HDFC today said a hike in interest rates by banks is unlikely in the near-term, notwithstanding an increase in key lending and...

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Moneylife Digital Team 06 July 2010
Reliance Power’s merger with RNRL will mean little to either companies. It also underlines how wrong the market can be about a stock’s value Reliance Natural Resources (RNRL) stock plummeted 27.6% on Monday to Rs 46.4, from the previous day's closing price, followed by a further weakening on...

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Moneylife Digital Team 06 July 2010
Watch 17,900 on the Sensex for the up-move to continue The market ended the trading session in the green on strong global cues. The Sensex settled at 17,614, up 173 points (1%). The Nifty was at 5,289, up 53 points (up 1%). The market pared early losses taking support from Asian markets, which...

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Moneylife Digital Team 06 July 2010
The IPO received just 1.83 lakh bids from the total reserved quota of 1.38 crore shares on offer Hindustan Media Ventures (HMVL), the publisher of Hindi daily ‘Hindustan’ has received a dismal response for its initial public offer (IPO) on day two of the issue. The retail quota received...

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Moneylife Digital Team 06 July 2010
Reliance Industries has told the government that it will not sign contracts to supply gas from its Krishna-Godavari D6 fields beyond 60 million units a day, as it may not be able to sustain higher production Reliance Industries (RIL) has told the government that it will not sign contracts to...

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Moneylife Digital Team 06 July 2010
Chennai-based Bafna Pharmaceuticals Ltd said it received site approval from UK-based Medicines and Healthcare Products Regulatory Agencyfor its products Clonazepam 0.5 mg and Clonazepam 2 mg tablets. Clonazepam belongs to a group of drugs called benzodiazepines. Benzodiazepines are...

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Moneylife Digital Team 06 July 2010
Thomas Cook (India) Ltd, a travel and financial services company, said it launched nine foreign exchange and travel counters at the newly opened Terminal 3 in the New Delhi International Airport. The one stop shop counters by Thomas Cook will not only offer foreign exchange services to the...

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Moneylife Digital Team 06 July 2010
Chandigarh-based Beckons Industries Ltd said it signed an agreement with Hong Kong-based Jilani International for transfer of its algae technology to south Asian countries such as China, Taiwan, Hong Kong, Singapore and British Indian Ocean territory. No financial details were...

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Moneylife Digital Team 06 July 2010
State-run National Thermal Power Corp Ltd (NTPC) said it signed production sharing contracts (PSCs) with the government of India for oil and gas exploration blocks awarded under eighth round of bidding under the new exploration licensing policy (NELP-VIII). NTPC will have a 100% participating...

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Moneylife Digital Team 06 July 2010
Chennai-based education services company, EdServ Softsystems Ltd said it will open its qualified institutional placement (QIP) issue on 9th July. The minimum floor price for the QIP issue has been fixed at Rs205 per share, higher than the price calculated as per Securities and Exchange Board...

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Moneylife Digital Team 06 July 2010
Tata Power Co Ltd, along with its consortium partner Arrow Energy, has been awarded the Satpura coal-bed methane (CBM) block in Madhya Pradesh. CBM is a natural occurring gas found in coal reserves. The extracted gas can then be utilised for power generation and fertiliser manufacture. Arrow...

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Moneylife Digital Team 06 July 2010
Polaris Software Lab Ltd said its unit Laser Soft won a project from the Andhra Pradesh State Cooperative Bank Ltd (APCOB) to implement core banking solution (CBS) in all its 22 district central cooperative banks (DCCBs) spread across the state. No price details of the contract were...

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Moneylife Digital Team 06 July 2010
The decision came as part of its continued efforts to restructure and beef up management, as the national carrier carried out a major shake-up among its top-level executives In a bid to restructure its top hierarchy, Air India (AI) plans to hire some senior executives, including a chief...

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Come September, the new ULIP norms will kick in, and the rush to sell these products is becoming intense From incessant phone calls to text messages, insurance agents are once again trying every trick in the book to make people buy Unit-linked Insurance Plans (ULIPs) before 1st September,...

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Moneylife Digital Team 06 July 2010
The pipeline, with an annual production capacity of 12 MTPA, will help the company in evacuating its increased production of iron ore to its domestic customers State-owned NMDC today said that it will invest Rs3,000 crore to set up a 12 million tonnes per annum (MTPA) pipeline in...

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Moneylife Digital Team 06 July 2010
Currently, FDI in multi-brand retail is prohibited in India. However, the government allows 51% FDI in single-brand retailing and 100% in wholesale trade Making out a strong case for opening up the multi-brand retail sector for foreign investment, the industry ministry today sought the views...

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Moneylife Digital Team 05 July 2010
Unless 17,700 on the upside or 17,300 on the downside is breached, the market is expected to remain listless The market witnessed subdued activity today on account of the 'Bharat Bandh' called by the opposition parties across the country to protest the recent fuel price hike by the government....

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Pallabika Ganguly 05 July 2010
Latest data indicates that sales have dropped due to high prices of properties in India’s IT capital The real-estate sales in the south Indian city of Bengaluru have dropped during the fourth quarter (ended March 2010) because high property prices have made apartments unaffordable to most...

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Indian auto sales are moving at a fast clip, but what is really behind this amazing growth? Percentages and statistics are funny animals. They have a very old habit of twisting themselves around to let people see what they want to show. However, there is no way anybody can in any way say that...

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Moneylife Digital Team 05 July 2010
Artson Engineering Ltd said it has received an order from Cairn Energy India Pty Ltd worth around Rs25 crore. The scope of work includes fabrication and installation of piping & equipment and also assistance for commissioning & maintenance for a period of 12 months at Mangala processing...

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