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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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Moneylife Digital Team 02 July 2010
Its bigger competitors Jagran Prakashan and DB Corp are trading at higher prices Hindustan Media Ventures Ltd (HMVL), the publisher of Hindi daily ‘Hindustan’, is coming out with an initial public offer (IPO) on 5 July 2010. The company has fixed the price band at Rs162-Rs175 per share and...

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Moneylife Digital Team 02 July 2010
The total assets under management of the 39 fund houses in the country plunged by Rs1.27 lakh crore or 16% in June. The largest fund house, Reliance MF, witnessed a drop of 15% in its AUM to Rs1.01 lakh crore The mutual fund (MF) industry saw a sharp decline in its total assets in June—with...

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Amritha Pillay 02 July 2010
MIDC plans to invite bids for its planned 1,000MW power plant project in Maharashtra’s Chandrapur district. The corporation was earlier planning a power SEZ in this location, to ensure cheap power for the State After initially announcing plans for developing a power special economic zone (SEZ),...

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Moneylife Digital Team 02 July 2010
Developers will be unwilling to absorb this new tax burden and will pass it onto the buyers, Jones Lang LaSalle Meghraj senior vice-president for capital markets Gautam Hora said Home prices will increase by about 2.5% with the implementation of service tax on the residential segment with...

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Pallabika Ganguly 02 July 2010
The company holds 350 acres of land in its portfolio, and is adopting a strategy of selling land parcels outright rather than develop them Emerald Acres Pvt Ltd, a land bank company owned by Madhur Bajaj, vice-chairman of Bajaj Auto, is planning to enter the market in the next four months and...

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Sanket Dhanorkar 01 July 2010
The planned new US law regulating banking and financial services firms puts severe restraints on their functioning and profitability. Since Indian software companies derive most of their revenues from this segment, will it impact them? The Obama-led US administration is up in arms against the...

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Moneylife Digital Team 01 July 2010
The Sensex is trapped between 17,700 and 17,400. The bias, however, is to the downside The market, which began the session on a weak note, following negative cues from across the globe, tumbled over 1% at the end of trade. While Wall Street ended lower on Wednesday, lower manufacturing growth...

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Moneylife Digital Team 01 July 2010
The country's largest private sector lender ICICI Bank on Wednesday pegged its minimum lending rate at 7.5%, the same as State Bank of India's (SBI) rate. "ICICI Bank base rate (I-Base) is fixed at 7.5%, effective 1st July," the lender said in a statement. The existing benchmark prime lending...

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Moneylife Digital Team 01 July 2010
India's Fortis Healthcare Ltd today responded to Malaysian sovereign wealth fund Khazanah's bid to control Singapore-based Parkway Holdings by offering to acquire all the shares of the company. Fortis has made an offer of S$3.80 per piece to acquire Parkway against Khazanah's offer of S$3.78 a...

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Same stock, same day, same broker. One call is buy,  while another is sell! Brokerage houses in India can be trusted to make disastrous calls and recommendations on markets. What if someone advises you to buy and sell the same scrip at the same time? This dubious distinction was achieved by...

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Moneylife Digital Team 01 July 2010
Chennai-based TVS Motor Company today reported a 35.72% increase in its total two- wheeler sales in June at 1,56,685 units. The company had sold 1,15,448 units in the corresponding month last year, TVS Motor Company said in a statement. Motorcycle sales of the company during the last month...

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Moneylife Digital Team 01 July 2010
Reversing its earlier decision, the US Exim Bank has agreed to provide $600 million in loan guarantees to suppliers for Reliance Power's (RPL) coal-fired project and a mine in Sasan, Madhya Pradesh. Wednesday's announcement would help preserve 1,000 jobs in Wisconsin and 13 other states. Last...

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Moneylife Digital Team 01 July 2010
The country's largest car maker, Maruti Suzuki India, today reported a 17.28% jump in June sales to 88,091 units over the same month last year. The company had sold 75,109 units in June last year, Maruti Suzuki India (MSI) said in a statement. In the domestic market, Maruti sold 72,812 units...

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Another fancy fund idea bites the dust To gather assets, fund houses dream up all sorts of fancy schemes. Most of them are of no value to investors. Some of them are so audacious as to be breathtaking. Worse, some schemes don’t even bother about standard risks. Investing abroad through Indian...

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Moneylife Digital Team 01 July 2010
How many infrastructure funds do we need? Well, there are 37 fund houses… Every personal products company has its version of shampoo. Each fund company has to have its variety of infrastructure fund. Some have even multiple infrastructure funds. Recently Bharti AXA launched its Focused...

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Moneylife Digital Team 01 July 2010
How many infrastructure funds do we need? Well, there are 37 fund houses… Every personal products company has its version of shampoo. Each fund company has to have its variety of infrastructure fund. Some have even multiple infrastructure funds. Recently Bharti AXA launched its Focused...

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