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Moneylife Digital Team 11 November 2010
Bharti has announced capital expenditure of around $800 million in Africa and is expected to announce a new branding for its operations in the continent shortly. This capex and increasing domestic competition have impacted its earnings Stiff competition at home and the increased tax rate in...

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Moneylife Digital Team 11 November 2010
Reliance Life launches Classic ULIP; Birla Sun Life MF unveils Birla Sun Life Fixed Term Plan-Series CH; HDFC Mutual Fund floats HDFC FMP 370D November 2010 (2); Reliance MF introduces Reliance Fixed Horizon Fund-XVI-Series 3 Reliance Life launches Classic ULIP Reliance Life Insurance has...

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Moneylife Digital Team 11 November 2010
New Delhi/Mumbai: The government today said it will take a call within a fortnight on whether State Bank of India (SBI) should be allowed to go for the rights issue, which is expected to be in the range of Rs18,000-Rs21,000 crore, less than the original estimate, reports PTI. "We are number...

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Moneylife Digital Team 11 November 2010
Kolkata: The union government is framing guidelines and rules for the proposed competitive bidding for auction of coal blocks, reports PTI. "We are currently framing and drafting guidelines for auction of coal blocks and we hope to complete and begin the auction process in the next three to...

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Moneylife Digital Team 11 November 2010
New Delhi: Pharmaceutical major Ranbaxy Laboratories today reported a net profit of Rs312.80 crore for the third quarter ending 30th September, reflecting growth of 165% over the year-ago period, driven by balanced sales across geographies and favourable forex movement, reports PTI. The company...

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Moneylife Digital Team 11 November 2010
Washington: The 2008 global financial crisis had little impact on funds flow to south Asia's power sector and had only marginal adverse impact on India's power sector, reports PTI quoting a new report. In India, the impact of the global financial crisis on its power sector was marginally...

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A letter of objection to senior-most executives in the finance ministry and the apex bank, documenting alleged performance failures and ignoring of governmental appointment norms, may queer the pitch for the selection of the central bank’s new DG  While RBI (Reserve Bank of India) Deputy...

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Munira Dongre 11 November 2010
Indian sugar exports are expected to be the only saviours in easing overheated global prices due to shortage predictions. The future of sugar stocks depends on when the govt allows exports and how much Just about everything seems to be going right for sugar prices. In New York, raw sugar prices...

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Moneylife Digital Team 11 November 2010
The domestic market is likely to see a flat-to-opening today on mixed global cues. The weekly food inflation data will also provide some direction to the market. The US markets closed higher as signs of optimism in the country’s economy spurred investors to make fresh moves. The Asian pack was...

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Moneylife Digital Team 10 November 2010
Mahindra & Mahindra Ltd has said that it plans to set up a facility in Tamil Nadu for manufacturing its three-wheelers and passenger vehicles. No financial details were provided. Currently, Japanese automaker Nissan Motor India, Renault, BMW, Ford and Hyundai Motor India have their...

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Moneylife Digital Team 10 November 2010
Rebutting some media reports about the recall of its small car Nano, Tata Motors Ltd on Wednesday said that the design and build of its car was "robust". However, the company can provide additional protection to the exhaust system of the vehicle and the electrical system at no extra cost,...

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Moneylife Digital Team 10 November 2010
JHS Svendgaard Laboratories Ltd has said that its net profit for the September quarter zoomed 449.2% to Rs4.4 crore from Rs78.6 lakh in the same quarter last year. During the September 2010 quarter, its net sales increased 183.51% to Rs34.3 crore from Rs12.1 crore, the company said in a...

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Moneylife Digital Team 10 November 2010
Real-estate developer Omaxe Ltd has said that its net profit for the second quarter rose 63% to Rs37 crore from Rs23 crore a year ago. During the September 2010 quarter, its net sales increased 58% to Rs354 crore from Rs224 crore, Omaxe said in a statement. Its earnings per share (EPS)...

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Moneylife Digital Team 10 November 2010
Opto Circuits (India) Ltd (OCIL), a manufacturer of patient-monitoring systems, has said that its consolidated net profit for the September quarter rose to Rs77.5 crore as against Rs66.9 crore in the same period last year. Its net sales increased to Rs331.4 crore from Rs255.7 crore in the same...

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Moneylife Digital Team 10 November 2010
Aluminium producer Hindalco Industries Ltd has said that its net profit for the September quarter rose 26% to Rs434 crore on a standalone basis, from Rs344 crore last year, on higher demand and increase in metal prices. The company's revenues increased 19% to Rs5,860 crore on higher domestic...

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Moneylife Digital Team 10 November 2010
New Delhi: The government today informed Parliament that further liberalisation of foreign direct investment (FDI) policy in multi-brand retail is under consideration, reports PTI. “The further liberalisation of this policy has been under consideration of the government,” minister of state...

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Moneylife Digital Team 10 November 2010
The relentless outflow of funds from equity mutual fund schemes continued in October; fund companies hope that investors looking to book profits would be flushed out by now. It seems that the steady bleeding experienced by equity mutual funds is showing no signs of abating. The month of October...

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Moneylife Digital Team 10 November 2010
The indices witnessed another choppy session on the lack of any positive trigger. Quarterly results of Indian companies were mixed, as a result of which investors chose to wait and watch before making any fresh move. The market opened lower today, tracking unsupportive global cues. Volatility...

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Moneylife Digital Team 10 November 2010
The company plans to spend between Rs2,500 crore to Rs3,000 crore towards capital expenditure. It also plans to introduce new product lines and improve volumes Tata Motors on Tuesday reported a massive 102-fold jump in its consolidated net profit for the second quarter ended 30th September at...

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Moneylife Digital Team 10 November 2010
Kotak Mahindra Bank hikes term deposit rates by up 25 bps; UTI Mastershare declares 24th consecutive dividend; SBI Life launches SMS-based customer care services; BNP Paribas MF launches BNP Paribas Fixed Term Fund-Series 19 D; IDFC Mutual Fund unveils IDFC Fixed Maturity Plan-Half Yearly Series 12;...

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