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Moneylife Digital Team 21 May 2010
IL&FS Transportation Networks Ltd said its joint venture has emerged as the lowest bidder for the National Highways Authority of India’s (NHAI) Jorabat-Shillong road widening project, worth Rs536 crore. IL&FS Transportation in a 50:50 joint venture with Ramky Infrastructure Ltd would...

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Moneylife Digital Team 21 May 2010
One of India's largest pulp paper producers, Andhra Pradesh Paper Mills, said it started the commercial production from paper machine 6 (PM 6) at its unit at Rajahmundry. With the start up of this machine, the company will now have close to 250,000 metric tons of pulp and paper manufacturing...

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Moneylife Digital Team 21 May 2010
Gujarat-based Elecon Engineering Ltd said it won a work order worth Rs32.77 crore from Manikgarh Cement Unit-II. The scope of work includes design, engineering, manufacturing, testing, supplying, erectioning and commissioning of material handling equipment and other equipment, the company...

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Moneylife Digital Team 21 May 2010
Piramal Healthcare Ltd said it will sell its domestic formulations or healthcare solutions business to US-based Abbott Laboratories for $3.72 billion cash. The company said it will receive $2.12 billion in Indian rupees on closing of the sale and further $400 million upon each of the subsequent...

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Entitled legal heirs to these financial instruments will have to face a lot of time-consuming paperwork and legal hassles if these bonds are transmitted to them According to the government of India’s 2003 notification, savings bonds do not carry a nomination option for joint holders. With no...

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Entitled legal heirs to these financial instruments will have to face a lot of time-consuming paperwork and legal hassles if these bonds are transmitted to them According to the government of India’s 2003 notification, savings bonds do not carry a nomination option for joint holders. With no...

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Moneylife Digital Team 20 May 2010
While the big multinational Standard Chartered Bank was allowed to blank out disclosure of litigation, then why were Indian banks such as Lakshmi Vilas Bank and United Bank of India not allowed this favour? Even as the first-ever Indian Depository Receipt (IDR) issue of Standard Chartered Plc...

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Moneylife Digital Team 20 May 2010
With the minor rally over, the next support for the Sensex is between 16300-16,100 The market traded range-bound throughout the day and ended with modest gains on Thursday. The Sensex ended the day at 16,519, higher by 111 points (0.7%) while the Nifty closed at 4,947, higher by 28 points...

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Ashpreet Sethi 20 May 2010
It is quite likely that there will be an employment freeze in the telecom industry, as players face growing debt and a broken business model Many upcoming sectors in India were touted as sources which would provide employment opportunities to vast numbers. Among the emerging sectors, first...

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Moneylife Digital Team 20 May 2010
The same property in central Mumbai was available at Rs750 crore a year back Private sector lender Axis Bank has bought a 4 lakh sq ft property at a Bombay Dyeing mill at Parel in central Mumbai for setting up its corporate office, at Rs782 crore. PJ Nayak, ex-CEO, Axis Bank, had proposed the...

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Rudreshwar Malkani  and   Ravi Samalad 20 May 2010
Scores of investors have lost a huge chunk of their portfolios due to the terrible investment strategies of the Portfolio Management Services offered by Kotak Securities Portfolio Management Services or PMS schemes are often touted as the best way for wealthy investors to grow their wealth,...

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Rudreshwar Malkani  and   Ravi Samalad 20 May 2010
Scores of investors have lost a huge chunk of their portfolios due to the terrible investment strategies of the Portfolio Management Services offered by Kotak Securities Portfolio Management Services or PMS schemes are often touted as the best way for wealthy investors to grow their wealth,...

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Aaron Rodrigues  and   Amritha Pillay 20 May 2010
There is a wine glut across the globe. The scenario may further worsen for Indian wineries—when they are already selling their products at depressed prices In India, wine inventories are piling up, retail prices of wine have been falling and grape harvesters are stuck with their crop as...

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Moneylife Digital Team 19 May 2010
Selling looks overdone, but don’t expect a resumption of a rally The market was down today, after news filtered in on strict financial regulations being planned by the eurozone. The Sensex ended the day at 16,408, lower by 467 points (2.7%) while the Nifty closed at 4,919, lower by 146...

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Moneylife Digital Team 19 May 2010
The equity markets of the four fancied emerging nations have dipped below their 200-day moving averages. Are they signalling a fresh bout of global pessimism? In what could be a telling signal, the major indices in the BRIC countries (Brazil, Russia, India and China) have now sank below their...

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Moneylife Digital Team 19 May 2010
The equity markets of the four fancied emerging nations have dipped below their 200-day moving averages. Are they signalling a fresh bout of global pessimism? In what could be a telling signal, the major indices in the BRIC countries (Brazil, Russia, India and China) have now sank below their...

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Faced with increasing claims, insurance companies are planning to hike premiums for own-car insurance If you’re thinking of insuring your spanking new car, be ready to shell out more for your own-car insurance. That’s because general insurance companies, which have been hit hard by the double...

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Amritha Pillay 19 May 2010
Gujarat NRE Coke Ltd, which has two operational mines in Australia, is looking at expanding its mining operations in the country. It is confident that the proposed Australian Bill taxing mining operations may not be passed in its current form Industry analysts from the mining sector are closely...

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Rudreshwar Malkani 19 May 2010
While ostensibly towing the line on SEBI regulations, broking firms do not clearly outline alternative options to potential customers, leading them to believe that signing a general PoA is the only way to trade Yesterday, Moneylife discussed the procedure for opening a trading account and how...

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Rudreshwar Malkani 19 May 2010
While ostensibly towing the line on SEBI regulations, broking firms do not clearly outline alternative options to potential customers, leading them to believe that signing a general PoA is the only way to trade Yesterday, Moneylife discussed the procedure for opening a trading account and how...

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