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Moneylife Digital Team 05 July 2010
Chennai-based construction service provider, Consolidated Construction Consortium Ltd (CCCL), has bagged orders worth Rs1,218 crore during June 2010. The orders booked include power plants, metro rail, buildings and factories. On Monday, CCCL shares closed 2.92% up at Rs91 on the Bombay Stock...

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Moneylife Digital Team 05 July 2010
Subex Ltd, a global provider of operations and business support systems for communications service providers, has successfully completed the implementation of the revenue operations center (ROC) for fraud management for a telecommunications service provider in the United Arab Emirates. Subex's...

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Moneylife Digital Team 05 July 2010
Orchid Chemicals & Pharmaceuticals Ltd said it has received a tentative approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for its generic drug Gemifloxacin Mesylate tablets in 320 mg strength. Gemifloxacin Mesylate is an oral...

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Moneylife Digital Team 05 July 2010
Four Soft, which offers software solutions for logistics and transportation industry, has won a deal from Aries Global Logistics, a US based freight forwarding and custom brokerage company, to implement its global freight forwarding application 4S eTrans and partner in developing 4S eCustoms for...

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Sanket Dhanorkar 05 July 2010
Faced with a manpower crisis due to neglect of human resource issues, the committee led by Dr AK Khandelwal has called for an urgent realignment of HR practices in public sector banks The committee tasked with looking into the human resource (HR) issues of public sector banks (PSBs), led by...

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Moneylife Digital Team 05 July 2010
There have been many instances of domestic institutional investors pouring money into stock markets at a time when FIIs are rushing for the exit. A unique Moneylife study reveals that such startling calls of DIIs have been highly accurate It is no secret that the fortunes of the Indian stock...

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Moneylife Digital Team 03 July 2010
If the Sensex goes below 17,300, a new leg of decline will be confirmed The markets started the week on a positive note, but concerns about the pace of the global economic recovery resulted in the key benchmarks closing the week in the red for the first time in three weeks. Even the positive...

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Moneylife Digital Team 02 July 2010
While the companies did not disclose any details of the proposed merger, some brokers said that rumours are about a share-swap deal with four shares of RNRL for every one Reliance Power share Anil Ambani-led Reliance Power's (RPower) board will meet on 4th July to consider merging another group...

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Moneylife Digital Team 02 July 2010
Motilal Oswal Mutual Fund’s first product, the MOSt50, may actually deliver returns through its unique approach towards indexing, provided it doesn’t try to time the market Motilal Oswal Mutual Fund has come out with its first offering as a fund house—an open-ended exchange traded fund (ETF)...

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Moneylife Digital Team 02 July 2010
Motilal Oswal Mutual Fund’s first product, the MOSt50, may actually deliver returns through its unique approach towards indexing, provided it doesn’t try to time the market Motilal Oswal Mutual Fund has come out with its first offering as a fund house—an open-ended exchange traded fund (ETF)...

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Moneylife Digital Team 02 July 2010
TRF Ltd, a TATA Enterprise, said it received a Rs401.2 crore work order from NTPC Ltd for the power utility’s Vindhyachal super thermal power project. The scope of the work includes design, engineering, manufacture, supply, erection, testing and commissioning of coal handling plant on turnkey...

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Moneylife Digital Team 02 July 2010
Pharmaceutical company Ranbaxy Laboratories Ltd it has transferred its new drug discovery research unit (NDDR) to Daiichi Sankyo India Pharma Pvt Ltd as part of strengthening global research and development structure of the group. "The new organisation RCI, based in Gurgaon, will play a key...

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Moneylife Digital Team 02 July 2010
Mumbai-based IT service company, Glodyne Technoserve Ltd said it completed the acquisition of the US-based Technology infrastructure management services (IMS) company DecisionOne Corp, for about $104 million. In a regulatory filing, Glodyne said the transaction would strengthen its position in...

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Moneylife Digital Team 02 July 2010
Torrent Power Ltd said it signed a turnkey engineering, procurement and construction (EPC) contracts with Germany-based Siemens AG, and its Indian unit Siemens Ltd, for two projects. No financial details were disclosed. The two projects are UNOSUGEN, the 382.5 MW gas based combined cycle power...

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Moneylife Digital Team 02 July 2010
Glenmark Generics Ltd said its US-based subsidiary Glenmark Generics Inc received abbreviated new drug application (ANDA) approval from Food and Drug Administration (USFDA) for its Adapalene Gel, 0.1% and it will soon commence marketing and distribution of this product in that market. Adapalene...

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Moneylife Digital Team 02 July 2010
Pipavav Shipyard Ltd said it appointed Cmde (Retd) M Jitendran, VSM as its new chief executive officer (CEO) with immediate effect, replacing Jai Prakash Rai.Mr Rai has been appointed as group CEO of SKIL Infrastructure Ltd, promoter of Pipavav Shipyard. Earlier, Cmde Jitendran was chairman and...

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Moneylife Digital Team 02 July 2010
Sun Pharmaceutical Industries Ltd said it launched its generic of Exelon, rivastigmine tartrate capsules for the US market. Earlier, the United States Food and Drug Administration (USFDA) had granted it a final abbreviated new drug application (ANDA) approval to market the product. Rivastigmine...

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Moneylife Digital Team 02 July 2010
Within days of government-owned State Bank of India extending its 8% teaser rate home loans till September, private sector giant HDFC today said that it would offer 8.25% initial interest rate till 31st August Mortgage leader HDFC today announced a new concessional rate home loan scheme, where...

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Moneylife Digital Team 02 July 2010
As suggested yesterday, the market is trading in a range with a downside bias. It will lead to a sharp decline if the Sensex closes below 17,300 The market ended marginally in the red amid a highly volatile session on the absence of any major global triggers. The indices started the day in the...

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Following the new ULIP norms and other changes mandated by the insurance regulator IRDA, insurance companies will be hard put to do IPOs even as the market starts valuing them lower Valuations of insurance companies are being redone by analysts, following the fracas between the Securities and...

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