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IL&FS Investsmart Insurance Brokers will surrender its insurance broker licence to IRDA following its decision to exit the insurance broking business Financial services provider HSBC InvestDirect (India) on Wednesday said that its subsidiary IL&FS Investsmart Insurance Brokers Ltd (IIIBL)...

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Amritha Pillay 06 January 2010
In 2006, Osian Art Fund closed with a total corpus of more than Rs102.40 crore, but at the time of redemption it disappointed investors with poor returns. Neville Tuli, chief advisor, Osian Art Fund and chairman, Osian’s-Connoisseurs of Art Pvt Ltd, talks to Amritha Pillay from Moneylife on...

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Swapnil Suvarna  and   Pratibha Kamath 05 January 2010
Athough the Sensex is a good way off from its all-time high of 21,000-plus, the index’s current P/E valuation is close to its high of January 2008, which means further gains may be fuelled solely by the  liquidity factor The jingles of the Sensex hitting 21,000 are being heard once again...

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Swapnil Suvarna  and   Pratibha Kamath 05 January 2010
Athough the Sensex is a good way off from its all-time high of 21,000-plus, the index’s current P/E valuation is close to its high of January 2008, which means further gains may be fuelled solely by the  liquidity factor The jingles of the Sensex hitting 21,000 are being heard once again...

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Swapnil Suvarna 05 January 2010
Indian bourses stayed volatile due to fears over a possible hike in interest rates Indian markets remained volatile due to fears over an immediate hike in interest rates by the central bank. However, volatility declined following strong comments from government officials. During the day, the...

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Godrej Properties plans to raise around Rs3,000 crore through debt or equity to fund its expansion plans over the next two-three years After its Rs462-crore initial share sale, real-estate developer Godrej Properties Ltd on Tuesday said it plans to raise around Rs3,000 crore through debt or...

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The purchase will make Bharti the newest foreign company to make inroads into the fast-growing Bangladeshi mobile market Bharti Airtel Ltd, India's number one cellular operator on Tuesday received the nod from Bangladesh's telecom regulator to purchase 70% stake in Warid Telecom and to invest...

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Close to two million auto enthusiasts and business visitors are expected to throng the expo, which is about to witness 50 new launches, including 10 global forays Global automobile giants converged in New Delhi as the 10th edition of the Auto Expo opened on Tuesday, rolling out an array of...

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Swapnil Suvarna 05 January 2010
The M&M scrip hit a 52-week high on Tuesday on speculations that the utility vehicle maker will soon be issuing bonus shares Mahindra & Mahindra Ltd (M&M) shares zoomed Tuesday on speculation that the company will be issuing bonus shares soon. Against its capital of Rs272.62 crore, M&M has...

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Swapnil Suvarna 05 January 2010
The M&M scrip hit a 52-week high on Tuesday on speculations that the utility vehicle maker will soon be issuing bonus shares Mahindra & Mahindra Ltd (M&M) shares zoomed Tuesday on speculation that the company will be issuing bonus shares soon. Against its capital of Rs272.62 crore, M&M has...

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TIAA-CREF, the world's largest private pension system, has sold its holdings in ONGC, PetroChina, CNPC Hong Kong and Sinopec over their investments in war-torn Sudan US-based Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), the world's largest private...

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Industry experts feel that the implementation of MNP will not take place before the 3G auction. This will help certain mobile operators to upgrade and prevent high-value subscribers from migrating For all those waiting eagerly to change their mobile service provider (MSP), here is some bad...

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Toyota is investing about Rs3,200 crore to set up its second manufacturing facility in Bengaluru to roll out Etios by early 2011 The world's largest car maker, Toyota Motor Corp, on Tuesday unveiled its concept small car— the Etios—which has been specifically developed for the Indian market,...

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On an annualised basis, Maruti Suzuki has grown about 9.5%-10% over the last two years and expects the same rate of growth in calendar year 2010 The country's largest carmaker, Maruti Suzuki India Ltd, on Tuesday said that it expects sales to grow around 10% in 2010, reports PTI. The company...

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The coming decade will be dominated by accessibility and compatibility of technologies and devices The past decade has ushered in a world of multimedia communication through an incredible choice of wired and wireless devices. The coming decade, however, will be dominated by issues of...

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Swapnil Suvarna 04 January 2010
Indian markets powered ahead on the back of strong manufacturing and export data A jump in manufacturing activity in December 2009, and the latest data showing a surge in exports in November 2009, helped Indian markets to remain positive throughout the day. The Sensex was up 94 points from...

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Debashis Basu  and   Swapnil Suvarna 04 January 2010
Indian bourses extended trading hours by about an hour. However, the volumes in Nifty futures on the first day were one of the lowest ever in the past few years. Indeed, adjusted for one hour’s extra trade, volumes were 40% of what they should have been Indian bourses have started business at...

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Sanket Dhanorkar 04 January 2010
As usual, Moneylife’s annual study of wealth creators throws up many surprises. It stresses the need to buy cheap & avoid falling into the trap of purchasing ‘popular’ stocks and points out the role of excessive speculation in pushing up obscure stocks Moneylife’s annual study of wealth...

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Sanket Dhanorkar 04 January 2010
As usual, Moneylife’s annual study of wealth creators throws up many surprises. It stresses the need to buy cheap & avoid falling into the trap of purchasing ‘popular’ stocks and points out the role of excessive speculation in pushing up obscure stocks Moneylife’s annual study of wealth...

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Yogesh Sapkale  and   Ravi Samalad 04 January 2010
Indian bourses started trading an hour earlier from Monday. The real problem, however, is unavailability of a settlement system for brokers and banks before the stipulated time Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday started trading at 9am, about...

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