INVESTOR INTEREST


Moneylife Digital Team 08 June 2010
Tata Steel Ltd said its subsidiary Tata Steel Global Mineral Holdings has increased its stake to 27.4% from 19.9% in Canada's iron ore explorer New Millennium Capital Corp. After increasing its stake in New Millennium Capital, Tata Steel is planning to expedite the direct shipping ore (DSO)...

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Moneylife Digital Team 08 June 2010
Punj Lloyd Ltd said it won a contract worth Rs179.89 crore from Rajiv Gandhi Institute of Petroleum Technology to construct their technical institute at Jais in Rae Bareli, Uttar Pradesh. The scope of work entails civil, structural and associated work including site development for setting...

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Moneylife Digital Team 08 June 2010
JSW Steel Ltd, belonging to JSW Group, reported a growth of 23% in crude steel production for May 2010 compared to that of corresponding month in the last fiscal year. The company also reported 12% growth in monthly crude steel production sequentially. The company's crude steel production...

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Moneylife Digital Team 08 June 2010
JR Kyushu System Solutions, the IT systems unit of Japan's Kyushu Railway Company, and Patni Computer Systems Japan, the Japanese arm of Patni, have signed a joint venture (JV) agreement for providing high quality, cost effective IT and product engineering services to the Japanese enterprise...

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Moneylife Digital Team 08 June 2010
Ranbaxy Laboratories Ltd said its subsidiary Ranbaxy S. A. has launched generic atorvastatin, 'Lipogen', a cholesterol reducing medication in the South African market. Ranbaxy is the first generic pharmaceutical company to launch a generic atorvastatin in that country. On Tuesday,...

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Moneylife Digital Team 08 June 2010
Hindustan Construction Company Ltd said its unit HCC Infrastructure Ltd (HIL) has signed a memorandum of understanding (MoU) with Egypt's Orascom Construction Industries for bidding and developing the National Highway Authority of India (NHAI) projects in India. HIL and OCL, a leading Middle...

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Moneylife Digital Team 08 June 2010
MetLife India Insurance Co Ltd said it appointed Balachander Sekhar, as its director marketing and products. Mr Balachander has over 15 years of work experience. Prior to MetLife, he was the principal officer and chief executive of Reliance Retail Insurance Broking Ltd, (a Reliance Retail...

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Moneylife Digital Team 08 June 2010
Bharti Airtel Ltd said it completed the acquisition of Zain Group’s mobile operations in 15 countries across Africa for an enterprise valuation of $10.7 billion (about Rs 48,000 crore). On 30th March, Bharti had entered the deal to acquire Zain Telecom's operations in 15 nations, excluding...

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Amritha Pillay 08 June 2010
The Indian Railways has introduced two new schemes for facilitating greater privatisation in freight movement. According to industry sources, existing container train operators are positive over the scheme, but want to be sure about the fine print Last week, the Indian Railways announced the...

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Moneylife Digital Team 07 June 2010
Long considered as ‘defensive’ stocks meant to be held only as a cushion during a market collapse, FMCG companies are charting phenomenal growth and their stocks prices are keeping pace It is common perception that stocks of fast moving consumer goods (FMCG) companies are defensive stocks. They...

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Moneylife Digital Team 07 June 2010
Long considered as ‘defensive’ stocks meant to be held only as a cushion during a market collapse, FMCG companies are charting phenomenal growth and their stocks prices are keeping pace It is common perception that stocks of fast moving consumer goods (FMCG) companies are defensive stocks. They...

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Moneylife Digital Team 07 June 2010
The market regulator’s meeting with banks to discuss strategies to boost volumes on online MF platforms has failed to achieve a breakthrough As it stands now, the market watchdog's pitch to the bankers for using their distribution network to boost sales on the struggling mutual fund platforms...

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Ravi Samalad 07 June 2010
Distributors are keen to push MIPs due to upfront commissions offered by fund houses and the investor’s appetite for regular income After market watchdog Securities and Exchange Board of India (SEBI) cracked down on upfront commissions, mutual funds (MFs) have started pushing monthly income...

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Ravi Samalad 07 June 2010
Distributors are keen to push MIPs due to upfront commissions offered by fund houses and the investor’s appetite for regular income After market watchdog Securities and Exchange Board of India (SEBI) cracked down on upfront commissions, mutual funds (MFs) have started pushing monthly income...

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Moneylife Digital Team 07 June 2010
Part of the laboured up-move is the occasional fall, that we witnessed today The market was down today, taking cues from weak global indices due to the debt crisis in Hungary. The Sensex was down 336 points (1.9%), at 16,781 while the Nifty ended at 5,034, down by 101.5 points (1.9%). The...

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Moneylife Digital Team 07 June 2010
Bharat Forge Ltd said it formed a joint venture with KPIT Cummins Infosystems Ltd to manufacture and market an indigenously developed hybrid technology solution for automobiles - Revolo. This will enable vehicles to increase fuel efficiency and engine performance, while significantly...

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Moneylife Digital Team 07 June 2010
KSK Energy Ventures Ltd, an Indian subsidiary of KSK Power Ventur Plc, said it  signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVN) for long term supply of 1,010 MW from its power plant at Nariyara in  Chhattisgarh. The PPA executed with GUVN is to be based on coal...

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Moneylife Digital Team 07 June 2010
Ahmedabad-based Sadbhav Engineering Ltd said, it won a contract worth Rs92.1 crore from Western Coal Fields Ltd, a subsidiary of Coal India Ltd. The contract comprises two jobs, which involve evacuation of coal from quarry face and transportation to surface by hiring of equipment such HEMM,...

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Moneylife Digital Team 07 June 2010
ARSS Infrastructure Projects Ltd said it received a work order, worth Rs41.56 crore from Northeast Frontier Railway, Maligaon and Guwahati. On Monday, ARSS Infrastructure shares ended 2.15% down at Rs1,051 on the Bombay Stock Exchange, while the benchmark Sensex closed 2% lower at 16,781 points.

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Moneylife Digital Team 07 June 2010
Rapid MetroRail Gurgaon Ltd (RMGL), said it achieved the financial closure worth Rs1,088 crore for construction of 6.1 km rail metro link from Delhi Metro Sikanderpur station on MG road to National Highway (NH) 8 in Gurgaon. RMGL is a joint venture between ITNL Enso Rail Systems Ltd, IL&FS...

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