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Moneylife Digital Team 27 October 2010
Vadodara: Public sector bank Central Bank of India is all set to start its first financial inclusion initiative in Gujarat's Khanpur village tomorrow, reports PTI quoting a top bank official. Financial inclusion consists of providing banking services at affordable costs to weaker sections of...

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Moneylife Digital Team 27 October 2010
BS TransComm which found no takers at Rs260, got listed today and ended the day at Rs381! Strange games are being played at ease in the Initial Public Offering (IPO) market even as the market regulator and the stock exchanges look on. BS TransComm got listed today. It had failed to receive...

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Moneylife Digital Team 27 October 2010
The Indian market ended with a cut of over a percent, tracking lacklustre global cues. Choppy trade along with broadbased selling sent the indices on a southward journey, but the ending was a tad above the crucial levels and above the day's lows. The market opened weak on unsupportive global...

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Moneylife Digital Team 27 October 2010
Canara HSBC Oriental Bank of Commerce Life Insurance, a joint venture between start-run lenders Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings, said it has started new services to serve group business. The company said after establishing in the retail...

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Moneylife Digital Team 27 October 2010
Nagarjuna Construction Company Ltd said it won orders worth Rs540 crore from various agencies for infrastructure-related works. The Hyderabad-based company has won an order worth Rs388 crore from Tamil Nadu Water Supply and Drainage Board for construction of Hogenakkal Water Supply and...

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Moneylife Digital Team 27 October 2010
Birla Corporation Ltd said its net profit fell 54.6% to Rs69 crore during the second quarter ended 30 September 2010 compared to Rs152.1 crore in the same quarter of last year due to shutdown of its plants for capacity expansion and maintenance. Turnover of the company during the September...

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Moneylife Digital Team 27 October 2010
Telecom services provider Idea Cellular Ltd reported a consolidated net profit of Rs179.7 crore for the second quarter ended 30 September 2010 from Rs220.2 crore a year ago.  "Figures for the current period are not comparable with that of the corresponding period due to the merger of Spice...

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Moneylife Digital Team 27 October 2010
Drug firm Glenmark Pharmaceuticals Ltd said its consolidated net profit rose 38% to Rs111.6 crore for the second quarter ended 30 September 2010 from Rs80.9 crore in the same period last financial year. During the quarter to end-September, its total revenues rose to Rs741.4 crore from Rs602.5...

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Moneylife Digital Team 27 October 2010
FMCG company Dabur India Ltd said its consolidated net profit for the second quarter ended 30 September increased 15.4% to Rs160 crore from Rs139 crore in the same quarter last year. Its consolidated net sales were gained 14.7% to Rs973 crore from Rs848 crore, the company said in a statement.

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Moneylife Digital Team 27 October 2010
Non-banking financial company Shriram Transport Finance Ltd said its net profit jumped 44.1% to Rs299 crore for the second quarter ended 30 September 2010 from  Rs207.5 crore a year ago. During the second quarter, its total revenues increased 22.7% to Rs1,305.8 crore from Rs1,064 crore, same...

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Moneylife Digital Team 27 October 2010
Watch and jewellery maker Titan Industries Ltd said its net profit for the second quarter ended 30 September 2010 jumped 64.6% to Rs127.7 crore, against Rs77.6 crore in the same quarter last year. Titan's net sales grew 33.9% at Rs1,536 crore during the three-month period under review,...

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Moneylife Digital Team 27 October 2010
New Delhi: Oil secretary S Sundareshan has said that the government is not considering freeing diesel prices yet, as this could lead to an increase in retail prices that would push up already high inflation. “Diesel price deregulation will mean an increase in prices, which is not fair (under...

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Moneylife Digital Team 27 October 2010
Union Bank of India Ltd said its second quarter net profit fell to Rs303.4 crore from Rs505.1 crore same quarter last year due to substantial increase in non-performing assets (NPAs). During the September quarter, the lender's total revenues increased to Rs4461.9 crore from Rs3760.9 crore....

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Moneylife Digital Team 27 October 2010
Jindal Steel & Power Ltd (JSPL) reported 11% jump in consolidated net profit at Rs894.2 crore for the second quarter of this fiscal on robust sales. The steel-maker had a net profit of Rs808.4 crore in the same period last year, the company said in a filing to the Bombay Stock Exchange...

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Moneylife Digital Team 27 October 2010
Kuala Lumpur: Prime Minister Manmohan Singh today said the Reserve Bank of India (RBI) should look at Islamic banking practices in Malaysia, in the context of suggestions from some quarters that the central bank should introduce such a system in India. “There have been from time to time...

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Munira Dongre 27 October 2010
We are halfway through our analysis of BSE A group companies’ shareholding patterns and have come up with some interesting observations. FII share is going up, while DII share is decreasing A lot of companies have seen a huge rise in y-o-y and q-o-q FII share and an equally large number of...

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Moneylife Digital Team 27 October 2010
ACE Commex launches futures trade in 5 agri items; Deutsche MF launches DWS Fixed Term Fund-Series 76; Fidelity MF unveils Fidelity Fixed Maturity Plan-Series IV-Plan A; Principal MF introduces Principal Pnb Fixed Maturity Plan-91 Days-Series XXV; Sundaram MF floats Sundaram Fixed Term Plan-AP ACE...

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Moneylife Digital Team 27 October 2010
New Delhi: State-owned exploration and production (E&P) major Oil and Natural Gas Corporation (ONGC) today said it has appointed two international auditors to certify its oil and gas reserves, ahead of a planned share sale early next year, reports PTI. "We have appointed D&M (DeGolyer and...

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Moneylife Digital Team 27 October 2010
How many times have you received calls from a bank, declaring that you are the lucky customer who has been offered a free credit card, with no strings attached? Such cards were peddled aggressively by banks a couple of years ago. Such calls have reduced considerably; but, even today, credit...

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