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Moneylife Digital Team 16 August 2010
New Delhi: More than half of the Eleventh Plan target of 9,000 MW wind power installation has already been achieved, reports PTI quoting new and renewable energy minister Farooq Abdullah. 5035 MW has already achieved and the balance would be done during the remaining period of the Five Year...

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Moneylife Digital Team 16 August 2010
New Delhi: The government today cleared a proposal for setting up a commission in an effort to check illegal mining and it has been asked to submit its report within 18 months, reports PTI. The decision follows several meetings that the Prime Minister's Office (PMO) has held with senior mines...

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Moneylife Digital Team 16 August 2010
New Delhi: London-listed mining firm Vedanta Resources will acquire a majority stake of up to 60% in Cairn India, the owner of nation's largest onland oilfield, for $9.6 billion, reports PTI. Edinburgh-based Cairn Energy Plc, which holds 62.37% stake in Cairn India, will sell a maximum of 51%...

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Moneylife Digital Team 16 August 2010
New Delhi: The government today raised the price of ethanol for blending with fuel at Rs27 per litre from existing Rs21.50 per litre. "The Cabinet Committee on Economic Affairs (CCEA) has approved the hike in price of ethanol to Rs27 per litre from existing price of Rs21.50 per litre for 5%...

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Moneylife Digital Team 16 August 2010
New Delhi: State Bank of India (SBI), the country's largest lender, today raised benchmark lending rate (BPLR) by 50 basis points (bps) to 12.25%, making home, vehicle and other corporate loans linked with the rate costlier to existing borrowers, reports PTI. However, for new borrowers the base...

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Moneylife Digital Team 14 August 2010
The market started the week with modest gains despite a high degree of volatility. Selling pressure ahead of the US Federal Open Market Committee (FOMC) meeting resulted in a flat closing for the domestic market with a negative bias on Tuesday. Assertion by the Federal Reserve that it would take...

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Moneylife Digital Team 13 August 2010
The market opened flat this morning on mixed global cues. It soon gained strength after its Asian peers began trading firm. The momentum was further supported by a good opening by the European markets. However, the benchmarks trimmed some of their gains in the noon session as profit-booking was...

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Moneylife Digital Team 13 August 2010
Jaihind Projects Ltd said it won an order worth Rs10.1 crore from Indian Oil Corporation Ltd's pipeline division. The company would carry out combined station works under Chennai-Bangalore Pipeline Augmentation Project, it said in a statement. On Friday, Jaihind Projects shares gained...

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Moneylife Digital Team 13 August 2010
Liberty Shoes Ltd said its net profit for the first quarter stood at Rs2.4 crore as compared to Rs1.4 crore for the same quarter last fiscal. In the June 2010 quarter, the company's total revenues increased to Rs63.9 crore from Rs59.8 crore, while its net sales increased to Rs63.6 crore from...

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Moneylife Digital Team 13 August 2010
Mumbai-based Valecha Engineering Ltd said its net profit for the first quarter declined to Rs5.6 crore, a fall of almost three fold, from Rs16.6 crore. In the June 2010 quarter, its net sales jumped 20.2% to Rs175.5 crore from Rs146 crore, said the company in a regulatory filing. On...

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Moneylife Digital Team 13 August 2010
Accentia Technologies Ltd said its net profit for the first quarter increased to Rs7.3 crore from Rs5 crore in the same quarter last fiscal. During the June 2010 quarter, its total revenues increased to Rs28.7 crore from Rs18.8 crore, said the company in a filing to Bombay Stock Exchange...

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Moneylife Digital Team 13 August 2010
SPML Infra Ltd (formerly known as Subhash Projects and Marketing Ltd) said its first quarter net profit increased to Rs14.6 crore from Rs10.6 crore for the same quarter last year. During the June 2010 quarter, its net sales stood at Rs356.5 crore as compared to Rs281.4 crore, said the...

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Moneylife Digital Team 13 August 2010
Entertainment company K Sera Sera Productions Ltd said its net profit for the first quarter rose to Rs25.2 crore from Rs18.1 crore in the same quarter last year. During the June 2010 quarter, its total revenues increased to Rs60.8 crore from Rs46.5 crore, the company said in a filing to...

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Moneylife Digital Team 13 August 2010
Ansal Properties & Infrastructure Ltd said its consolidated net profit for the first quarter stood at Rs38.8 crore as compared to Rs10.2 crore in the corresponding quarter last fiscal. In the June 2010 quarter, its total revenues increased to Rs256.7 crore from Rs143.1 crore, said the...

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Moneylife Digital Team 13 August 2010
Patel Engineering Ltd reported a net profit of Rs40 crore for the quarter ended 30 June 2010 as compared to Rs36.3 crore a year ago. In the June 2010 quarter, its net sales increased to Rs702.3 crore from Rs643 crore. On Friday, Patel Engineering shares closed 0.5% up to Rs412 on the...

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Moneylife Digital Team 13 August 2010
Subex Ltd, a provider of operations and business support systems for communications service providers, along with key partner IBM India Pvt Ltd, won a multi-million dollar contract from Idea Cellular Ltd. Subex and IBM will implement Subex's ROC for interconnect billing for the telecom...

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Moneylife Digital Team 13 August 2010
Kotak MF declares dividend under Kotak Quarterly Interval Plan Series 3 Kotak Mutual Fund has announced the declaration of dividend under the dividend option of Kotak Quarterly Interval Plan Series 3. The record date is 17 August 2010. The quantum of declaration will be 100% of distributable...

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Even when analysts get all the facts right, their own prejudices and personal incentives get in the way of accurate forecasts. But enormous opportunity exists for those analysts who manage to read the tea leaves right, despite the constraints Information is the raw material of the financial...

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Moneylife Digital Team 13 August 2010
New Delhi: Global ratings agency Standard & Poor's (S&P) today raised Tata Motors' credit ratings to positive citing improved performance by auto maker's premium brands Jaguar Land Rover, reports PTI. The upgrade to 'B+' from 'B' comes few days after Tata Motors clocked a consolidated net...

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Ravi Samalad 13 August 2010
The regulator has asked fund houses to furnish all investor-related documents by 22nd November which were opened via online distribution channels Asset management companies (AMCs) will not be allowed to open any new accounts if they do not possess all investor-related documents with them. A...

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