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Moneylife Digital Team 27 October 2010
Minority shareholders have alleged that Bharti Airtel got away by avoiding open offer of Rs30,000 crore thanks to SEBI’s flexible application of takeover norms A few minority shareholders of Bharti Airtel Ltd have approached the Securities Appellate Tribunal (SAT) for taking action against the...

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Moneylife Digital Team 27 October 2010
Global cues indicate a soft-to-flat opening for the local markets today. Markets in the US ended steady with a positive bias on Tuesday as the dollar regained its strength on concerns about the quantum of the stimulus that will be announced by the Federal Reserve next week. Markets in Asia were...

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Moneylife Digital Team 26 October 2010
The brokerage firm has made contrasting calls on the same scrip on the same day to its retail and institutional clients. The firm washes its hands of the matter citing a ‘Chinese wall’ Brokerage firms worldwide are notorious for making dubious recommendations to their clients. It is well known...

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Sharad Matade 26 October 2010
Though Coal India is sitting on the largest coal reserves in the world, the dark reality is that much of its mines are located in mafia-infested land, where smuggling is the norm, not an exception As foreign investors poured billions of dollars into the initial public offering (IPO) of Coal...

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Moneylife Digital Team 26 October 2010
Coimbatore: The Tirupur Exporters' Association (TEA) today requested prime minister Manmohan Singh to immediately intervene and postpone cotton exports to 15th January and ban cotton yarn exports, to ensure its availability in the domestic market, reports PTI. In a letter to Mr Singh, TEA...

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Moneylife Digital Team 26 October 2010
New Delhi: Looking to scale up sourcing of agricultural products from India, the world's largest retailer Wal-Mart Stores Inc today said its joint venture (JV) with the Bharti Group here will rope in 35,000 farmers by 2015 to its supply chain, reports PTI. "We are already making a...

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Moneylife Digital Team 26 October 2010
New Delhi: Telecom minister A Raja today said mobile number portability (MNP), which allows subscribers to retain numbers even after changing service operators, will be kicked off from 1st November, starting with Haryana, reports PTI. "1st November onwards MNP would be operational...

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Moneylife Digital Team 26 October 2010
Mixed cues from Asian bourses did not deter the Indian market from opening with gains. However, choppiness ahead of the futures and options (F&O) contract expiry, due on Thursday, kept the market in the red for a major part of the session. The local market opened in the green this morning...

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Moneylife Digital Team 26 October 2010
Godrej Properties Ltd, the real-estate arm of the Godrej Group, said it sold over 200 apartments in two days of the launch of Godrej Frontier, near Gurgaon. The project, Located at Sector 80 of Gurgaon, was launched on 23rd October. Godrej Frontier consists of three and four BHK apartments...

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Moneylife Digital Team 26 October 2010
Steel producer, JSW Steel Ltd reported a 15.8% higher second quarter net profit on 29% jump in revenues. For the quarter to end-September, the steel producer said its net profit increased to Rs373 crore from Rs322 crore while its total revenues rose 29% to Rs6,135 crore from Rs4,756 crore a...

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Moneylife Digital Team 26 October 2010
Agro-chemical company United Phosphorus Ltd said its consolidated net profit for the second quarter ended 30 September 2010 increased 12.9% to Rs114 crore from Rs101 crore same quarter last year. During the quarter to end-September its total revenues increased 10% to Rs1,280 crore from Rs1,161...

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Moneylife Digital Team 26 October 2010
Tata Coffee Ltd reported a second quarter net profit of Rs10.9 crore from Rs7 crore a year ago period, with better performance from its instant coffee operations. During the quarter to end-September, Tata Coffee's total revenues increased to Rs106.9 crore from Rs87.4 crore, it said in a...

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Moneylife Digital Team 26 October 2010
State-run lender Dena Bank said its net profit for the second quarter ended 30 September 2010 rose 29% to Rs160 crore from Rs124 crore same quarter last year. During the quarter to end-September, the lender's total revenues, including interest income, increased 23% to Rs1,340 crore from...

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Moneylife Digital Team 26 October 2010
New Delhi: Showing their faith on the Indian economy, overseas funds infused a whopping $6.11 billion in October, the highest amount brought in any single month by foreign institutional investors (FIIs) since they were allowed for investment in local stocks, reports PTI. With an investment of...

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Moneylife Digital Team 26 October 2010
Bangalore: India will have to recruit local people at the front-end of its operations to mitigate the discomfort and outsourcing fears, reports PTI quoting Infosys mentor N R Narayana Murthy. "We have to make sure we are not very visible in those markets", he said when asked about a possible...

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Moneylife Digital Team 26 October 2010
Mumbai: The Securities and Exchange Board of India (SEBI) has approved disclosures and accounting requirements for initial public offers (IPOs) by insurance companies, clearing the deck for these companies to go public. "The Board noted that the SEBI Issue of Capital Disclosure Requirements...

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Moneylife Digital Team 26 October 2010
New Delhi: The government is likely to dilute its stake in seven more companies this fiscal, including 10% disinvestment in Indian Oil Corporation (IOC) in January and Steel Authority of India Ltd’s (SAIL) stake sale in February, to meet the target of raising Rs40,000 crore, reports PTI. The...

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Moneylife Digital Team 26 October 2010
ING Life launches new ULIP; Future Generali to launch in-house cell for health insurance clients; IDFC Mutual Fund launches IDFC Fixed Maturity Plan Eighteen Months Series 7; DSP BlackRock MF unveils DSP BlackRock FMP-3M-Series 23; Kotak Mahindra MF floats Kotak FMP 6M Series 10; Reliance MF...

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Moneylife Digital Team 26 October 2010
New Delhi: Job seekers in the banking sector would have something to cheer about as public sector lenders are going to recruit around 85,000 people in the next three years to meet the manpower shortage, reports PTI. "The public sector banks (PSBs) have a tentative plan of recruitment of...

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Moneylife Digital Team 26 October 2010
Mumbai: The Bombay Stock Exchange (BSE), on Monday said that it has reviewed the composition of sectoral indices and the PSU index and excluded and included some scrips, reports PTI. The exchange has excluded MRF (Auto), AIA Engineering and Jyoti Structures (Capital Goods) and Rolta India (IT),...

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