INVESTOR INTEREST


Moneylife Digital Team 25 May 2010
The last big wave of selling is on the cards The market witnessed a steep plunge, closing at a three-month low on the back of negative global cues. The Sensex plunged 509.40 points in intraday trade to go below the 16,000 level. It shut at 16,022.48, down 447.02 points (2.71%). The Nifty...

Read More



Ravi Samalad 25 May 2010
The retail investor category was subscribed 0.01 times while the FII category received zero bids Standard Chartered Plc’s Indian depository receipts (IDR) issue, which hit the market today, has received a lacklustre response from foreign institutional investors (FIIs) and retail investors.

Read More



Ashpreet Sethi 25 May 2010
The global conglomerate is selling a number of its consumer electronic and home appliance products in India. However, getting through to the company for any kind of customer service can be a daunting task Chinese manufacturers have swamped the globe with their low-priced products. Walk down...

Read More



Pallabika Ganguly 25 May 2010
MMRDA had set a reserve price of Rs50,000 per sq metre (for a minimum price of Rs1,980 crore) for the property. The plot, situated at Wadala in central Mumbai, has a permissible built-up area of 4,95,000 sq ft and 14 top property developers were in the fray The MMRDA (Mumbai Metropolitan Region...

Read More



Moneylife Digital Team 25 May 2010
Marico Ltd said its unit Kaya Ltd bought the aesthetics business of the Singapore-based Derma Rx Asia Pacific Pte Ltd. No price details were provided. Kaya delivers skin care solutions in India and overseas through its range of Kaya Skin Clinics. Derma Rx, led by one of Singapore eminent...

Read More



Moneylife Digital Team 25 May 2010
IL&FS Transportation Networks Ltd said its joint venture has emerged as the lowest bidder for the Andhra Pradesh Road Development Corp’s (APRDC) Narketpally-Addanki-Medarametla road (SH-2) project. The estimated cost of the project is Rs1,196.84 crore. Mumbai-based IL&FS Transportation in a...

Read More



Moneylife Digital Team 25 May 2010
Allahabad Bank said it appointed AB Bhattacharjee, as general manager (finance and accounts) and chief financial officer (CFO). On Tuesday Allahabad Bank shares ended 3.73% down at Rs151.15 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.71% down at 16,022.48 points.

Read More



Moneylife Digital Team 25 May 2010
Aurobindo Pharma Ltd has said that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Valacyclovir Hydrochloride tablets 500 mg (base) and 1 g (base). Valacyclovir Hydrochloride tablets, which falls under the anti-infective therapeutic...

Read More



Moneylife Digital Team 25 May 2010
Mastek Ltd said its US-based unit MajescoMastek has collaborated with Genpact to bring new model to help transform insurance carriers operations, leveraging both business process management and technology solutions. Both the companies are also planning to develop innovative platform-based...

Read More



Moneylife Digital Team 25 May 2010
Gayatri Projects Ltd said its unit Gayatri Energy Ventures Pvt Ltd will set up a 1,320 MW (660 x 2 MW) phase I supercritical technology based thermal power plant, worth Rs6,869 crore, at Krishnapatnam in Andhra Pradesh, in a joint venture with Sembcorp Utilities Pte Ltd. The project is being...

Read More



Moneylife Digital Team 24 May 2010
If the Sensex goes below 16,100, panic selling may start. If not, expect a laboured rise The market pared early gains to end slightly higher than its Friday’s close. The Sensex ended 24 points higher at 16,469 (0.1%) while the Nifty shut at 4,944, higher by 13 points (0.2%). The bourses...

Read More



Moneylife Digital Team 24 May 2010
The stock shot up 25% on heavy volumes since early March 2010—almost three months before its deal with Abbott was announced. Will SEBI look into what appears to be a possible case of insider trading? On 21st May, Piramal Healthcare announced that it was selling a part of its business to...

Read More



The new deal was possibly ordered by the political establishment and means little in real business terms, especially since it is inconceivable that Mukesh Ambani would get into finance and telecom The press release issued on Sunday afternoon was matter-of-fact: “Reliance Industries Ltd....

Read More



The new deal was possibly ordered by the political establishment and means little in real business terms, especially since it is inconceivable that Mukesh Ambani would get into finance and telecom The press release issued on Sunday afternoon was matter-of-fact: “Reliance Industries Ltd....

Read More



Ravi Samalad 24 May 2010
SEBI’s client-broker relationship guidelines throw up operational and cost challenges for brokers; they are seeking relaxation in the rules Market watchdog Securities and Exchange Board of India (SEBI), in its circular dated 3 December 2009, had laid out rules pertaining to the broker-client...

Read More



Ravi Samalad 24 May 2010
SEBI’s client-broker relationship guidelines throw up operational and cost challenges for brokers; they are seeking relaxation in the rules Market watchdog Securities and Exchange Board of India (SEBI), in its circular dated 3 December 2009, had laid out rules pertaining to the broker-client...

Read More



Moneylife Digital Team 24 May 2010
Mumbai-based Godrej Consumer Products Ltd said it has entered an agreement to acquire a 100% stake in Laboratoria Cuenca, Consell SA, Issue Uruguay and Issue Brazil (collectively referred to as ‘Issue Group’). No price details were provided. Godrej Consumer Products Ltd is a major player in...

Read More



Moneylife Digital Team 24 May 2010
The Board of Directors of ICICI Bank Ltd approved the amalgamation of Bank of Rajasthan with itself. The proposed amalgamation is subject to the approval of shareholders of both banks and Reserve Bank of India (RBI), it said in a regulatory filing. The proposed amalgamation would...

Read More



Moneylife Digital Team 24 May 2010
Hyderabad-based infrastructure development company, Madhucon Projects Ltd said it received a letter of award (LoA) from the National Highway Authority of India (NHAI) for four laning of Chhapra-Hazipur section on National Highway-19 in Bihar. The work involves constructing a 64 km highway on...

Read More



Ashpreet Sethi 24 May 2010
Over the past few years, multiplexes have helped in bringing back audiences to the theatres. They remain ambitious on their plans for doing the same in the long run Over the past one-and-a-half years, falling consumer confidence and a slowdown in the real-estate sector has led to many major...

Read More

Free Helpline
Legal Credit
Feedback