INVESTOR INTEREST


Yogesh Sapkale  and   Ravi Samalad 16 December 2009
Minority shareholders of BGL are crying foul over the move. Next year, the company is planning to go for overseas trading operations in coal and bio-diesel, which could yield huge profits Karnataka-based Bhuruka Gases Ltd (BGL), a unit of the Bhoruka Group, is planning to buy out the entire...

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Amritha Pillay 16 December 2009
GE Shipping says it is considering a fleet-age limit of 25 years to phase out its single-hull vessels while SCI says it may convert some of its vessels. While the global deadline for the phase-out is 2010, India is among the many countries which have accepted a deadline of 2015. The phase-out...

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Amritha Pillay 15 December 2009
SEBI failed to regulate the Osian Art Fund under its regulations covering Collective Investment Schemes, despite its own advisory against unregulated art funds in 2008 The Securities and Exchange Board of India (SEBI) has a mandate to regulate what are called as collective investment schemes...

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Amritha Pillay 15 December 2009
SEBI failed to regulate the Osian Art Fund under its regulations covering Collective Investment Schemes, despite its own advisory against unregulated art funds in 2008 The Securities and Exchange Board of India (SEBI) has a mandate to regulate what are called as collective investment schemes...

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According to the CBI’s supplementary charge sheet, the accused created fake customers and generated invoices against them in order to inflate revenues of Satyam to the tune of Rs430 crore The Central Bureau of Investigation (CBI) has charged Satyam Computer Services Ltd (Satyam) founder B...

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Vedanta Group has alleged that NGOs like Survival International and Action Aid are instigating locals to go to hilltops and set up houses where the company has proposed to mine bauxite The Vedanta Group has asked the Orissa government to restrict entry of foreign non-governmental...

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This cashless deal (worth Rs10,000 crore) is another case where a family-owned unit has been valued at a fancy price and dumped on a publicly-listed entity. But neither the regulator nor the investor community seem to care According to media reports, DLF is planning to acquire DLF Asset...

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Swapnil Suvarna 15 December 2009
Indian markets faltered on fears of the apex bank moving towards a tighter monetary policy The Sensex closed at 16,877, down 220 points from the previous day’s close, while the Nifty ended the day at 5,033, down 73 points, on fears of monetary tightening by the central bank. Reliance...

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SEBI has banned entry loads for mutual funds. The outcome has been catastrophic; more earnings for big banks and less service for retail investors. Analysis by Sucheta Dalal & Debashis Basu Four months ago, the market regulator Securities and Exchange Board of India (SEBI) banned the entry...

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Pallabika Ganguly 15 December 2009
The venture fund is trying to create a good yield-generating portfolio of properties and plans to subsequently list them in the stock market ICICI Venture Fund Management Company Ltd is trying to create a portfolio of yield-generating assets by repositioning old renowned building or adding...

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R Balakrishnan on saving  and   investing prudently 15 December 2009
Have the government, regulators and financial services providers become willing partners in keeping the masses financially illiterate? Invest 12,000 every year for three years. After five years, get 72,000. Get gold coin free. Please contact 98xxxxxxxx.” I still keep getting such spam messages....

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Ravi Samalad 15 December 2009
The downgrade reflects the significant deterioration in BEPL's credit profile on the back of delays in the stabilisation of its particle board and medium-density fibreboard manufacturing facility, which has resulted in cash losses and has had a severe impact on FY09 liquidity Fitch Ratings...

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Classic Diamonds was at a high of Rs136 on 11 January 2008. This was when the stock market was at an all-time high. Following the cascading market decline, this stock too collapsed and came down all the way to Rs6.15 on 6 March 2009. It recovered to Rs21 on 5th June, declined thereafter to take...

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Binani Industries was at a high of about Rs140 on 25 April 2008. Thereafter, the stock collapsed to take support at Rs26 on 31 October 2008. It made a feeble attempt to rise again, touching Rs44 on 14 November 2008. At this point, the decline was not over, and all further attempts to rise were...

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Three good stocks from the power sector—outside the expensive, obvious names. Analysis by ML Research Desk The power sector is hot, for good reasons. India will remain power-hungry for decades and this demand will translate into a steady cash flow for Indian power companies. But you must be...

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With an order book worth Rs2,400 crore and growing fast, Pratibha Industries is a good infrastructure play Pratibha Industries (PIL) is into design, engineering and construction of water transmission & distribution (T&D) projects, water treatment plants, reservoirs, mass housing projects,...

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Moneylife Digital Team 15 December 2009
Empower Industries (Rs32) Empower Industries is supposed to be in the business of ‘information technology resale and systems integration’. It has entered into a strategic, technical and marketing alliance with HTL Co Japan Limited and also formed a joint venture with US-based SPS Inc. The...

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The Internet search giant has said that it has shared a device with its employees across the globe which combines innovative hardware from a partner with software that runs on Android, to experiment with new mobile features and capabilities In a strategic move that marks its foray into direct...

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Amritha Pillay 15 December 2009
Cement prices for both these regions are likely to increase by an additional Rs 5 per bag due to shortages of rakes needed to transport cement Cement prices in the western and southern regions are likely to increase by another Rs5 per bag in a week’s time, say dealers as well as analysts. Of...

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Looks-conscious consumers propped up sales of fast-moving consumer goods (FMCG) companies, who in turn rewarded loyalty by not raising prices of fairness, anti-ageing creams, bathing bars and their likes, although input costs have risen in an economy ravaged by drought and then floods As the...

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