INVESTOR INTEREST


Moneylife Digital Team 14 July 2010
Tulip Telecom Ltd said its subsidiary Tulip Telecom Inc received a clearance from the Federal Communications Commission (FCC), which enables the company to sell data connectivity services in the US. Having received this clearance, the data connectivity service provider now has the authority to...

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Barclays Wealth, the wealth management division of Barclays PLC, said it appointed Rahul Ahuja as its director.  Mr Ahuja will be based out of Delhi and will be responsible for servicing and growing the private client base of Barclays Wealth in India, targeting specifically family business...

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Pallabika Ganguly 14 July 2010
Big realty firms are converting their proposed projects from malls to either residential apartments or commercial office space High rental rates and scarcity of retail space in good locations are discouraging retailers from going ahead with their expansion plans. Existing unaffordable prices...

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Moneylife Digital Team 14 July 2010
Experts feel that the quarter-on-quarter increase in the PE exits was driven by equity firms' profit booking on account of the significant recovery in the stock markets Private equity (PE) firms have offloaded stakes worth $1.46 billion in the Indian companies during the April-June quarter...

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Moneylife Digital Team 14 July 2010
The fund, which will explore opportunities in all sectors, will be expanded to $1.5 billion in due course The country's largest lender State Bank of India (SBI) and State General Reserve Fund (SGRF) of Oman today said they will jointly set up a fund with an initial corpus of $100 million...

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Moneylife Digital Team 14 July 2010
The facility will enable fund applicants to submit applications within time in an easy and hassle-free manner From this month onwards, applying for a new fund offer (NFO) will be a whole new ball game as the Securities and Exchange Board of India (SEBI) has changed the NFO environment...

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Ravi Samalad 14 July 2010
The 38 fund houses added just 21,350 investor accounts last month Even as the stock market is reaching 30-month highs, the mutual fund industry is in the doldrums. Mutual funds suffered a decline of Rs1.27 lakh crore in assets under management (AUM) in June and Rs1,446 crore outflow from their...

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Ravi Samalad 14 July 2010
The 38 fund houses added just 21,350 investor accounts last month Even as the stock market is reaching 30-month highs, the mutual fund industry is in the doldrums. Mutual funds suffered a decline of Rs1.27 lakh crore in assets under management (AUM) in June and Rs1,446 crore outflow from their...

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Moneylife Digital Team 13 July 2010
The Sensex is headed for 18,300  The domestic market, which traded for a major part of the session following the lower-than-expected first quarter (Q1) numbers by IT bellwether Infosys Technologies, recovered in afternoon trading to end positive. The Sensex ended at 17,985, up 48 points (0.27%)...

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Amritha Pillay 13 July 2010
Over the past two months, the BDI has fallen by around 55%, touching a new low of 1,840 points on Monday The Baltic Dry Index (BDI) continues its downward trend, with the shipping index falling below the 2,000 mark in the past couple of days. On 12 July 2010, the index closed at 1,840 points,...

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Moneylife Digital Team 13 July 2010
With this tie-up, the two financial entities will be able to leverage their combined expertise to open up mergers and acquisitions, joint ventures, equity raising, and merchant banking opportunities for their respective clients Private sector lender YES Bank and Poalim Capital Markets, a...

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Moneylife Digital Team 13 July 2010
Shell, the only foreign fuel retailer in India, is looking at selling some of its 80 petrol pumps in the country even though it continues to build new ones to cover more regions Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) are evaluating a proposal to buy petrol pumps...

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Moneylife Digital Team 13 July 2010
Mumbai-based IL&FS Transportation Networks Ltd said its Spain-based unit Elsamex SA and Portugal-based unit, Intevial Gestao Integral Rodoviaria SA (Intevial Portugal) in a consortium with local firms has emerged as the preferred bidder for maintenance of six roads contracts in various states in...

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Moneylife Digital Team 13 July 2010
Bangalore-based Subex Ltd, operations and business support systems provider, said it has won multi-million dollar contract from the European CSP to implement ROC platform for interconnect billing and fraud management. This multi-million dollar contract is for three years and covers six...

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Moneylife Digital Team 13 July 2010
Mumbai-based Aurionpro Solutions Ltd said its consolidated net profit for the year ended 31 March 2010 was at Rs40.49 crore compared to net profit of Rs40.31 crore, a year ago. During the period to end-March, the company’s total revenues increased to Rs336.7 crore from Rs274.4 crore, it said in...

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Moneylife Digital Team 13 July 2010
Moser Baer India Ltd reported a higher consolidated net loss of Rs393.94 crore for the year ended 31 March 2010 as compared to net loss of Rs363.75 crore for the year ended 31 March 2009. Its total revenues increased to Rs2,760.24 crore for the year from Rs2,693.85 crore for the year ended on...

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Moneylife Digital Team 13 July 2010
Bodal Chemicals Ltd has set up a new manufacturing plant for sulphuric acid at an investment of Rs62 crore at Padra in Vadodara. The trial runs for the facility have been conducted successfully and commercial production will begin on 25 July 2010. This dedicated sulphuric acid plant will have a...

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Moneylife Digital Team 13 July 2010
IDFC Mutual Fund has filed a draft offer document with SEBI to launch ‘IDFC India Consumption Fund’. The performance of such existing funds has been drab The lifestyle of the Indian middle class may be undergoing a rapid upward shift and consumer products companies like Dabur and Godrej may be...

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Moneylife Digital Team 13 July 2010
IDFC Mutual Fund has filed a draft offer document with SEBI to launch ‘IDFC India Consumption Fund’. The performance of such existing funds has been drab The lifestyle of the Indian middle class may be undergoing a rapid upward shift and consumer products companies like Dabur and Godrej may be...

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Moneylife Digital Team 13 July 2010
Mumbai-based communication, trading and distribution company Rose Merc Ltd said it appointed Dhani Rain Sharma and Ravindra Pokharna as directors of the company. On Tuesday, the company shares closed 13% higher at Rs2.45 on the Bombay Stock Exchange, while the Sensex ended at 0.3% up at 17,985...

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