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Amritha Pillay 19 July 2010
Sidharth Rath, president, corporate banking (infrastructure business), Axis Bank, talks to Amritha Pillay on the challenges facing the infrastructure industry. This is the second part of a two-part series Amritha Pillay (ML): The Planning Commission has an outlay of $500 billion worth of...

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Moneylife Digital Team 19 July 2010
The paltry addition to the investor community since March 2008 has finally woken up SEBI. Its solution of ‘demat lite’ skirts the main issues The chairman of the Securities and Exchange Board of India (SEBI), CB Bhave, has advised National Securities Depository Ltd and Central Depository...

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Munira Dongre 17 July 2010
Finally, the regulatory rigmaroles in the gas space should be soon resolved—with positive ramifications for gas distribution and transmission companies The gas regulatory board has got real teeth now that Section 16 of the PNGRB Act of 2006 has been notified with effect from 15th July. This is...

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Munira Dongre 17 July 2010
Finally, the regulatory rigmaroles in the gas space should be soon resolved—with positive ramifications for gas distribution and transmission companies The gas regulatory board has got real teeth now that Section 16 of the PNGRB Act of 2006 has been notified with effect from 15th July. This is...

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Moneylife Digital Team 17 July 2010
The US market fell very sharply last week, which might drag down Indian markets as well The market started the week with a sharp rise. However, the lower-than-expected quarterly performance of Infosys and weak global markets limited the gain in the later days of the week. The BSE Sensex and...

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Standard Chartered Bank (Stanchart) of the UK is in line to become the first issuer of Indian Depository Receipts (IDRs) after it obtained a green signal for its fund raising from the Reserve Bank of India (RBI). Stanchart will now file a prospectus with the Securities and Exchange Board of...

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Mutual funds to be sold by broker-demat route? In a move that fund companies say will change the mutual fund distribution game, the Securities and Exchange Board of India (SEBI) is likely to ensure that mutual funds are sold by stockbrokers off their trading screens. The fund units will be...

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Moneylife Digital Team 16 July 2010
The company said it has begun intimating customers, who had retained their booking but are not among first one lakh, that their cars are coming up for delivery albeit at higher prices Tata Motors today said it will raise the prices of its small car Nano by up to 4% after it completes the...

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Moneylife Digital Team 16 July 2010
If the Sensex falls below 17,850, a new downturn may start The market witnessed a range-bound session on the last trading day of the week. The Sensex was at 17,955, up 46 points (0.2%) at the end of the day and the Nifty closed at 5,393, up 15 points (0.3%). The indices were volatile in the...

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Moneylife Digital Team 16 July 2010
The order came over a plea filed by TTSL challenging a disconnection notice issued by BSNL last month, over alleged wrong routing of international calls on the PSU's network without having Caller Line Identification for the AP circle The Telecom Disputes Settlement and Appellate Tribunal...

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Moneylife Digital Team 16 July 2010
Kolkata-based McNally Bharat Engineering Co Ltd said it received orders, worth Rs39 crore, from Marg Ltd. The scope of work includes design, supply, erection, commissioning & testing of two stacker cum reclaimers. The schedule time for completion is 15 months, it said in a regulatory...

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Moneylife Digital Team 16 July 2010
Petronet LNG Ltd said it appointed Dr AK Balyan as its managing director and chief financial officer (CFO). On Friday, Petronet LNG shares gained 0.7% to Rs81 on the Bombay Stock Exchange, while the Sensex ended at 0.3% up at 17,955 points.

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Moneylife Digital Team 16 July 2010
IL&FS Transportation Networks Ltd said its consortium with Ramky Infrastructure Ltd received a letter of award (LoA) by the National Highways Authority of India (NHAI) for four laning of Jorabat-Shillong (Barapani) section of NH 40 in Assam and Meghalaya. The project is on annuity basis with a...

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Moneylife Digital Team 16 July 2010
Chambal Fertilisers & Chemicals Ltd reported a first quarter net profit of Rs63.7 crore compared to Rs55.3crore for the quarter ended June 2009. During the period its total revenues increased to Rs975.7 crore from Rs790.34 crore for the same quarter a year ago. On Friday, Chambal Fertilisers...

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Moneylife Digital Team 16 July 2010
Cera Sanitaryware Ltd reported a full year net profit of Rs19.6 crore compared to Rs13.1 crore a year ago. During the year to end-March, Cera Sanitaryware’s total revenues increased to Rs191.4 crore from Rs159.5 crore for the year ended 31 March 2009, it said in a regulatory filing to Bombay...

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Moneylife Digital Team 16 July 2010
Honeywell Automation India Ltd said its second quarter net profit declined to Rs22.9 crore from Rs31.9 crore same period a year ago. The company’s total revenues, including other operating revenues, increased to Rs335.93 crore from Rs294.78 crore for the quarter ended 30 June 2009. On Friday,...

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Moneylife Digital Team 16 July 2010
Mumbai-based Supreme Industries Ltd said its first quarter net profit rose to Rs144.8 crore from Rs97.4 crore a year ago. During the first quarter to end-June, its total revenues increased to Rs2,014.9 crore from Rs1,656 crore same period previous year, Supreme Industries said in a regulatory...

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Moneylife Digital Team 16 July 2010
Sun Pharmaceutical Industries Ltd said it received abbreviated new drug application (ANDA) approval from US Food and Drug Administration (USFDA) for  generic version of Flomax, tamsulosin capsules to sell it in the US. Tamsulosin hydrochloride capsules are used in the treatment of the benign...

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