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Moneylife Digital Team 17 September 2010
SBI Mutual Fund launches SBI Debt Fund Series-60 Months-1; Taurus MF unveils Taurus Fixed Maturity Plan-120 Days Series-1; Kotak Mahindra MF introduces Kotak FMP-24M Series-2; Star Union Dai-ichi Life launches three products SBI Mutual Fund launches SBI Debt Fund Series-60 Months-1 SBI Mutual...

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Moneylife Digital Team 17 September 2010
New Delhi: Faced with declining profits, multinational companies (MNCs) are restructuring their international programmes by shortening overseas assignments and hiring expatriates locally, reports PTI quoting a survey by global HR consultancy firm Mercer. According to Mercer's 'International...

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Moneylife Digital Team 17 September 2010
New Delhi: Telecom major Bharti Airtel today said it has selected global technology giant IBM to manage computing technology and services for its African business, reports PTI. The company has selected IBM to manage the computing technology and services that power Bharti Airtel's mobile...

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Moneylife Digital Team 17 September 2010
Boston: Amid discussions with India on lawful interception of data sent from BlackBerry devices, the smartphone maker, Research in Motion (RIM), has said it cannot compromise the security architecture of its enterprise solution, reports PTI. The company is continuing discussions with...

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Moneylife Digital Team 17 September 2010
New Delhi: India's rice production in the 2010-11 crop year will be better than last year, despite deficient rainfall in West Bengal, Jharkhand and Bihar, reports PTI quoting agriculture minister Sharad Pawar. The minister, however, said that production could be lower than his initial...

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Moneylife Digital Team 16 September 2010
According to economists, the hike in key rates will lead to a rise in cost of funds for banks and eventually make loans expensive, which in turn will reduce consumption Continuing with its policy to modify policy rates in small percentage points, the Reserve Bank of India (RBI) on Thursday...

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Moneylife Digital Team 16 September 2010
New Delhi: The government today approved the proposed amendments to the Forward Contract (Regulation) Act, 1952, which will enable the commodity market regulator FMC become an autonomous body on the lines of the Securities and Exchange Board of India (SEBI), reports PTI. "The bill (FCRA) went...

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Moneylife Digital Team 16 September 2010
The company collects a percentage of the box office collections of its movies from multiplexes and single-screen theatres. However, there is no reliable and independent monitoring of such data Movie distributor Eros International Media Ltd is set to enter the primary market to raise Rs350 crore...

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Moneylife Digital Team 16 September 2010
New Delhi: The Indian automobile industry, which has been on a record breaking sales spree this fiscal, today said an imminent increase in interest rates by banks following the Reserve Bank of India's (RBI) decision to hike key short-term lending and borrowing rates, is unlikely to dampen...

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Moneylife Digital Team 16 September 2010
New Delhi: Cairn Energy Plc today said it has no differences with the oil ministry or with partner Oil and Natural Gas Corporation (ONGC) on sale of a majority stake in its Indian arm, for which it is seeking all necessary approvals and expects to close the deal by year-end or early 2011,...

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Moneylife Digital Team 16 September 2010
The company does not have a pan-India presence; it faces well-entrenched competitors and it operates a business fraught with risk  Kolkata-based financial service provider Microsec Financial Services Ltd (MFSL) is entering the primary market through a 100% book-building issue. The IPO opens on...

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Moneylife Digital Team 16 September 2010
New Delhi: The government today said foreign investors in the country's real estate sector will have to remain invested for a minimum of three years and rejected industry claims about the policy restricting FDI inflows, reports PTI. "I do not see the three-year lock-in period as too...

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Moneylife Digital Team 16 September 2010
New Delhi: Against the backdrop of rising anti-outsourcing sentiment in the US, the government today said Indian IT companies should diversify their export markets and reach out to Europe, Africa and Asia in a bigger way, reports PTI. "We (IT companies) must diversify our export destinations to...

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Moneylife Digital Team 16 September 2010
Supreme Infrastructure India Ltd said it has received a contract for construction of residential accommodation for army at Hisar in Haryana. The project cost is Rs77.7 crore and is expected to be completed in 27 months. The scope of work includes construction of around 161 units of six flats...

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Moneylife Digital Team 16 September 2010
Elder Health Care Ltd said it signed an in-licensing agreement with Japan-based POLA Chemical Industries to introduce POLA's cosmetic products in India. EHCL will launch "Bihaku" whitening range viz white wash, white lotion, white gel and white mask through the over the counter (OTC) as well...

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Moneylife Digital Team 16 September 2010
Bodal Chemicals Ltd, a manufacturer and seller of dye and dye intermediates, announced its entry into agrochemicals sector by floating a wholly owned subsidiary called Bodal AgroTech. The newly formed company will also set up a single super phosphate (SSP) plant involving an investment of Rs31...

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Moneylife Digital Team 16 September 2010
ARSS Infrastructure Projects Ltd said it has received a contract worth Rs163 crore from the Public Works Department (PWD) of Mizoram. The Bhubaneswar based company recently received a contract worth Rs93.7 crore from Rajasthan State Road Development & Construction Corporation Ltd, Jaipur, the...

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Moneylife Digital Team 16 September 2010
Textile company S Kumars Nationwide Ltd, said it raised Rs231 crore from qualified institutional buyers (QIBs) on private placement basis to fund its expansion plans. The company had earlier planned to raise an amount of Rs500 crore by issuing shares to QIBs, which was opened on 13th...

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Moneylife Digital Team 16 September 2010
DB Realty Ltd said it acquired L&T Bombay Developers Pvt Ltd (LTBDPL), a special purpose vehicle formed by L&T Urban Infrastructure Ltd and Bombay Dyeing and Manufacturing Company, for an undisclosed sum. LTBDPL had won the redevelopment rights of Middle Income Group Co-operative Housing...

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Moneylife Digital Team 16 September 2010
New Delhi: The government today cleared 11 new proposals to set up special economic zones, including those of Infosys and Wipro, reports PTI. In its meeting here, the inter-ministerial Board of Approval (BoA) also approved India's largest stainless steel producer Jindal Stainless Ltd's (JSL)...

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