INVESTOR INTEREST


Moneylife Digital Team 12 November 2010
New Delhi: State-owned lenders Dena Bank and UCO Bank have signed a memorandum of understanding (MoU) with the Unique Identification Authority of India (UIDAI) to act as registrars for the 'Aadhaar' biometric smartcard project, reports PTI. Both banks will act as registrars for providing Unique...

Read More



Moneylife Digital Team 12 November 2010
Kolkata: Demanding level-playing-field, state-run power equipment major BHEL, which is facing uneven competition from cheap equipment supplies from China, today said that Chinese firms should set manufacturing bases in India, reports PTI. "Since duty on capital goods equipment for power sector...

Read More



Moneylife Digital Team 12 November 2010
The downturn continued today right from the opening bell and dismal industrial growth and global cues added to the woes, pulling the market down further by around 2% by the close of trade. The market started on a weak note on unsupportive global cues. A recovery attempt in the morning session...

Read More



Moneylife Digital Team 12 November 2010
State-run MMTC Ltd said its net profit for the September quarter fell 16.2% to Rs40.7 crore from Rs48.9 crore a year ago, despite robust revenues. During the quarter to end-September its total revenues grew 78.2% to Rs1685.5 crore from Rs945.6 crore. The decline in net profit was mainly due...

Read More



Moneylife Digital Team 12 November 2010
Apollo Tyres Ltd said its net profit in the second quarter fell 58.8% to Rs53.3 crore from Rs129.2 crore last year, due to high input costs, especially that of rubber prices hurting margins. "It's been a very difficult six months managing the unprecedented rise in natural rubber prices. Even...

Read More



Moneylife Digital Team 12 November 2010
Lanco Infratech Ltd has reported a 42.5% fall in its second quarter net profit to Rs70.5 crore from Rs122.6 crore despite earning higher revenues. However, the company's total revenues increased to Rs2,114.2 crore during the September quarter  from Rs1,943.3 crore same period last fiscal,...

Read More



Moneylife Digital Team 12 November 2010
Pharma company Cipla Ltd said its net profit for the September quarter declined 4.6% to Rs263 crore from Rs275.74 crore last year due to higher overheads at its special economic zone (SEZ) at Indore. During the September 2010 quarter, its total revenues increased to Rs1,632 crore from...

Read More



Moneylife Digital Team 12 November 2010
Parsvnath Developers Ltd said it has brought 38 acres of land worth Rs1,651.5 crore from the railways in Delhi through competitive bidding. The developer will invest additional Rs1000 crore in developing the plot. The company said it will develop luxury housing, commercial space and other...

Read More



Moneylife Digital Team 12 November 2010
Mumbai: The country's largest lender State Bank of India (SBI) today said teaser rate home loans are the "best product and the most sought-after" in the market today, a comment that comes on the heels of RBI expressing concerns over such offerings, reports PTI. "This is the best home loan...

Read More



Moneylife Digital Team 12 November 2010
JPMorgan MF unveils JPMorgan India Capital Protection Oriented Fund; Pramerica MF to float two schemes; Sundaram MF declares dividend under Sundaram Select Mid Cap Fund; Principal MF files offer document with SEBI to launch Principal Pnb Fixed Maturity Plan-91 Days-Series XXVIII JPMorgan MF...

Read More



Moneylife Digital Team 12 November 2010
Speedy resolution of the cases pending with US regulatory authorities, maximising synergies with its parent Daiichi Sankyo and improving geographical market spread will be the key growth drivers for the pharmaceutical major Driven by a surge in sales in the US market, Ranbaxy, the country's...

Read More



Moneylife Digital Team 12 November 2010
The local market is likely to see a cautions opening today on the back of negative global cues. The market will also watch the domestic economic indicators and earnings reports for further direction. The US markets closed in the red on lower-than-expected earnings report from Cisco. The Asian...

Read More



Moneylife Digital Team 11 November 2010
Mumbai: Two of the country's biggest lenders today called for larger banks with scale and capital to meet the growing needs of the country, which is growing at a faster pace and is poised to attain double-digit economic expansion, reports PTI. Stating that the balance sheet size of this (SBI)...

Read More



Moneylife Digital Team 11 November 2010
New Delhi: State-owned Indian Oil Corporation (IOC) has surpassed Reliance Industries (RIL) to regain its position as nation's biggest refiner after it completed expansion of its Panipat unit, report PTI. "We have this week completed expansion of our Panipat refinery (in Haryana) to 15 million...

Read More



Moneylife Digital Team 11 November 2010
Consolidation in the domestic market continued for the second day on selling by institutional investors resulting in a cut of over 1.25% at the end of the trading session. The market witnessed a green opening this morning but selling pressure soon took the indices into the negative terrain on...

Read More



Moneylife Digital Team 11 November 2010
Pune-based Kalyani Group said it decided to sell its entire stake in its joint venture Tele Atlas Kalyani India Ltd to TomTom International BV. No financial details were provided. Tele Atlas Kalyani India is responsible for the extensive map data of India. The restructured company will be...

Read More



Moneylife Digital Team 11 November 2010
IT firm Mahindra Satyam said it received an order from Insurance Regulatory and Development Authority (IRDA) to implement software solution to manage accounts and payroll related services. No financial details were provided. The company will implement business software which will help IRDA to...

Read More



Moneylife Digital Team 11 November 2010
Mindteck (India) Ltd said that its consolidated net profit for the September quarter rose to Rs3.28 crore from to Rs52 lakh previous year. During the September quarter, its revenues increased to Rs68.81 crore from Rs55.96 crore. The company registered operating profit (EBITDA) of Rs4.76...

Read More



Moneylife Digital Team 11 November 2010
Eros International Media Ltd said its net profit for the September quarter increased 12.9% to Rs45.33 crore from Rs40.16 crore last year despite lower revenues. During the quarter to end-September, the media and entertainment company said its total revenues declined to Rs187.9 crore from...

Read More



Moneylife Digital Team 11 November 2010
Valecha Engineering Ltd (VEL) said its subsidiary, Valecha Infrastructure signed a memorandum of understanding (MoU) with the Madhya Pradesh government to develop 440 MW thermal power plant at Khajuraho, with an investment of about Rs20,000 crore. The company however did not provide any...

Read More

Free Helpline
Legal Credit
Feedback