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Moneylife Digital Team 26 November 2010
New Delhi: The Insurance Regulatory and Development Authority (IRDA) has imposed a fine of Rs5 lakh on Tata AIG Life Insurance for violation of regulatory guidelines, reports PTI. The company has been directed to pay a penalty of Rs5 lakh within 10 days for violating IRDA directions. Tata AIG...

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Moneylife Digital Team 26 November 2010
Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has initiated a probe into possible front-running and insider trading in shares of over two dozen companies, including some blue chips, by entities and persons involved in the housing finance scam unearthed by Central Bureau...

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Moneylife Digital Team 26 November 2010
Hyderabad: Compounding its woes, SKS Microfinance has now come under the Insurance Regulatory and Development Authority’s (IRDA) scanner for violating norms in selling insurance policies to its borrowers, reports PTI. Sources said the country's only listed microfinance company SKS...

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The Bimal Jalan committee on stock exchanges has delivered a set of ridiculous recommendations that is devoid of any vision. It does one thing well: shut out any new exchange and kill NSE's competitors  The Bimal Jalan Committee was appointed in February 2010 to deliberate on governance,...

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The report of the Jalan committee, packed with regulatory officials, is a throwback to the days of licence-control raj. The hidden agenda: put off new entrants and favour the current monopolist The Bimal Jalan committee set up to 'Review Ownership and Governance of Market Infrastructure...

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Moneylife Digital Team 26 November 2010
The local market is likely to witness a cautious opening on unimpressive cues from the Asian region and in the absence of triggers from the US markets, which were closed for the Thanksgiving Day holiday. The Asian pack was mostly lower in early trade today on reports that the South Korean...

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Moneylife Digital Team 25 November 2010
Rohtak (Haryana): India today ushered in Mobile Number Portability (MNP) that will allow cellphone users to switch operators without changing numbers, with telecom minister Kapil Sibal launching the service in Haryana, reports PTI. The rest of India would get to use MNP from 20th January,...

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Munira Dongre 25 November 2010
India Infoline, which arranged to transfer Rs446 crores from four hapless foreign institutional investors (FIIs) to Money Matters Financial Service, clearly did not do the due diligence on the company while pocketing fat fees Yesterday, Moneylife was the first to report that the Central...

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Moneylife Digital Team 25 November 2010
Private equity firms and foreign institutional investors attract a lot of admiration. Of late, several big boys from the institutional world have suffered heavy losses in their multi-million dollar investments A relatively obscure firm, Money Matters Financial Services, is now a household name...

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Moneylife Digital Team 25 November 2010
MIC Electronics Ltd said that it has signed a definitive agreement with the Uttar Pradesh New and Renewable Energy Development Agency for supplying LED solar street lighting systems worth Rs6.63 crore. The company won orders worth Rs5.87 crore from Indian Railways to supply a gamut of true...

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Moneylife Digital Team 25 November 2010
Larsen & Toubro (L&T) Ltd has said that its construction division has won orders worth Rs1,030 crore for the construction of commercial and residential buildings including metro depot facilities. It has won new orders worth Rs385crore for the construction of residential buildings from...

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Moneylife Digital Team 25 November 2010
NTPC Ltd (NTPC), Asian Development Bank (ADB) and Kyuden International Corporation (Kyushu) have  signed an agreement  to form a joint venture company (JVC) to develop a portfolio of about 500 MW of renewable power generation in three years. NTPC, ADB and Kyushu would invest in the ratio of...

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Moneylife Digital Team 25 November 2010
GMR Infrastructure Ltd, said that its subsidiary GMR Male International Airport (GMIAL) has won a project to modernise, expand and operate Republic of Maldives's capital Male's International Airport. Earlier on 24th June, the consortium led by GMR Infrastructure with Malaysia Airports...

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Moneylife Digital Team 25 November 2010
The market opened strong this morning supported by positive cues and remained range-bound for most part of the morning session. However, a downward revision in ratings of some public sector banks resulted in the key indices closing with cuts of around 1%. The market opened on a firm note this...

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Moneylife Digital Team 25 November 2010
New Delhi: The turnover of 23 commodity exchanges surged by over 55% to Rs67.11 lakh crore till November 15 this fiscal, as against Rs43.20 lakh crore in the year-ago period, reports PTI quoting commodity markets regulator Forward Markets Commission (FMC). Much of the business has come from...

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Moneylife Digital Team 25 November 2010
New Delhi: The Planning Commission today termed the housing finance racket, involving the chief of LIC Housing Finance and several other officials of PSU banks, as a "very small" incident as far as banking system as a whole was concerned, reports PTI. The reaction from Planning Commission...

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Moneylife Digital Team 25 November 2010
Birla Sun Life MF unveils Birla Sun Life Fixed Term Plan-Series CI; UBI partners Nokia, Obopay to launch mobile financial services; Diesel-powered Nissan Micra to hit Indian roads in December 2010 Birla Sun Life MF unveils Birla Sun Life Fixed Term Plan-Series CI Birla Sun Life Mutual Fund...

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Moneylife Digital Team 25 November 2010
Hyderabad: GMR Male International Airport Pvt Ltd (GMIAL), a subsidiary of GMR Infrastructure Ltd (GIL), today said it has achieved financial closure for the project to modernise, expand and operate the Male International Airport, reports PTI. The total cost of the project, estimated at $511...

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Moneylife Digital Team 25 November 2010
New Delhi: Questioning the Securities and Exchange Board of India’s (SEBI) ban on its two entities for raising money through a debenture instrument without informing the regulator, Sahara Group said the matter is out of the jurisdiction of the watchdog, reports PTI. “It is a ministry of...

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Moneylife Digital Team 25 November 2010
The domestic market is likely to witness a positive opening on strong global cues. Wall Street ended higher in the pre-holiday session as economic data signalled an improvement in the economy. But volatile trading can be expected on account of the expiry of the November futures and options (F&O)...

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