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Moneylife Digital Team 21 September 2010
Telecom services provider Bharti Airtel Ltd said it selected Ericsson India, Nokia Siemens Networks and Huawei Technologies as its network partners to launch 3G services in India. The three companies will plan, design, deploy and maintain a state-of-the-art 3G HSPA (high speed packet access)...

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Moneylife Digital Team 21 September 2010
Kotak Mahindra MF launches Kotak FMP 370 Days Series 8; Sundaram BNP Paribas MF introduces Sundaram BNP Paribas Fixed Term Plan-AO; IDFC Fixed Maturity Plan Quarterly Series 61, 62 & 63 and Half Yearly Series 12, 13 &14 files offer document with SEBI; Birla Sun Life files offer document with SEBI...

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Munira Dongre 21 September 2010
In a recently released report, leading Asia brokerage CLSA said that out of the 65 investment funds at its recently concluded forum in Hong Kong, over 80% believed IT services may not be a great investment idea going into 2011. However, the brokerage firm disagrees Along with the rest of the...

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Moneylife Digital Team 21 September 2010
These eight equity diversified schemes have yielded positive annual returns since their launch It is rare for equity funds to deliver consistent performance year after year, especially with the ludicrous practices of many fund managers who indulge in continuous buying and selling. One or two...

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Moneylife Digital Team 21 September 2010
Kochi: Stock exchanges in the country will be launching options in currency derivatives very soon, reports PTI quoting Securities and Exchange Board of India (SEBI) chairman, C B Bhave. The Reserve Bank of India (RBI) and SEBI have given in principle clearance to launch options in currency...

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Moneylife Digital Team 21 September 2010
After sneering at index funds for years together, fund companies are rushing to join the club Mutual fund companies in India have distinctly changed their stance towards passive investing, of late. Having built a business model based on active portfolio management for years, companies are now...

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Moneylife Digital Team 21 September 2010
Mumbai: State-run Oil and Natural Gas Corporation's (ONGC) market valuation today topped the Rs 3 lakh crore mark, a feat achieved only by industry heavy weight Reliance Industries (RIL) before, reports PTI. In line with the broader market, shares of ONGC today surged nearly 1% to touch an...

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Moneylife Digital Team 21 September 2010
The company is leveraging its core competence Diamond Power Infrastructure (DPIL) sells conductors, high tension (HT) and low tension (LT) cables, extra high voltage (EHV) cables and transmission & distribution (T&D) cables. The company has acquired two transformer companies in the past two...

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Moneylife Digital Team 21 September 2010
We look at gold as an asset class, making the best out of reverse mortgage and the mechanism behind systematic investment plans Is gold really a hedge against inflation? Today, two things are conspiring together to give gold its sparkle - the high level of inflation in the country and the...

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Moneylife Digital Team 21 September 2010
Chennai: Looking to boost farm sector growth by more than 4%, the Indian Council of Agricultural Research (ICAR) has chalked out a Rs2,300 crore programme with a focus on research and making farming a popular livelihood option, reports PTI. "Now every state is coming up well in the agricultural...

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Moneylife Digital Team 21 September 2010
The company faces competition from existing players and is in losses till date. It lays out 44 internal risk factors in its prospectus. Avoid! Issue: Price: Rs50 Bid lot: 125 equity shares and in multiples thereof No of shares: 81,00,000 equity shares Issue size: Rs4,050 lakh

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Moneylife Digital Team 21 September 2010
The issue is reasonably priced even though the ICRA grading for this IPO is low. This grading indicates below-average fundamentals. The company also operates in a highly fragmented market. Make your choice! Issue: Price: Rs127-Rs135 per equity share Bid lot: 50 equity shares and in...

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Moneylife Digital Team 20 September 2010
The company faces stiff competition from existing players and is yet to clock any revenues; the promoter group has a number of pending litigations against it and high debt remains a concern Incorporated in 2006, Jharkhand-based steel manufacturer Electrosteel Steels Ltd (ESL) is entering the...

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Moneylife Digital Team 20 September 2010
Electricity generation and profitability depends on climatic conditions, particularly wind conditions, which can vary dramatically across the seasons and between locations of the wind farms — the company has a limited history of operating and developing such farms Chennai-based renewable...

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Moneylife Digital Team 20 September 2010
Adding to Friday's gains, the market continued its upmove today, with the Sensex scaling a fresh 32-month high. Brushing off the apprehensions ahead of the Federal Open Market Commission's monetary meeting announcement, due on Tuesday, the domestic market ended in the green for the second day in...

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Moneylife Digital Team 20 September 2010
The pension regulator is mulling setting up annuity service providers outside the insurance sector, wants PFMs to provide annuities for its pension products rather than relying on insurance companies. Is this planting the seeds for another regulatory turf war? In a move that will start another...

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Moneylife Digital Team 20 September 2010
New Delhi: Diversified business group Godrej Industries has set up a $50 million venture capital (VC) fund along with a set of individuals to invest in agri start-ups, reports PTI. "A venture capital fund is being promoted by Godrej Agrovet in partnership with other professionals for funding...

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Moneylife Digital Team 20 September 2010
New Delhi: The steel ministry today said it may seek concessions for state-owned firms like SAIL and NMDC from the 26% profit sharing rule, proposed in the draft mining bill, as the PSUs have been fulfilling social obligations for long, reports PTI. "Some special consideration has to be given...

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Moneylife Digital Team 20 September 2010
While Kazi Aviation is claiming non-payment as the reason, Concurrent is saying that the company's name was not included in various licenses by Kazi Aviation as per an agreement Concurrent (India) Infrastructure Ltd's game of moving what seems to be false information with the stock exchanges...

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Moneylife Digital Team 20 September 2010
Compucom Software Ltd said it won an order worth around Rs10.4 crore from the Rajasthan Council of Elementary Education. The company will provide computer aided learning programme (CALP) in 836 government schools of Rajasthan. On Monday, Compucom Software shares ended 6.3% down at Rs37 on...

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