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Automaker Premier Ltd, formerly known as Premier Automobiles Ltd, has said that it plans to re-enter the passenger vehicle segment and will launch a compact sports utility vehicle (SUV) 'Rio' next week.   In a release to the Bombay Stock Exchange, Premier said deliveries of the vehicle are...

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This Diwali proved to be a blockbuster for the Hindi film industry (Bollywood) which was reeling under the recession. Over this long weekend—four days to be precise—out of the three movies released, two movies starring Sanjay Dutt were able to report very good collections; however the third film...

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With the second instalment under the Sixth Pay Commission due to be released, several companies and banks are waiting with baited breath to take advantage of the potential demand The big pay day for Central government employees is around the corner and that, along with the ongoing festive...

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  UTV’s latest movie Main Aur Mrs Khanna could only pull 50% of the crowd to the theaters but its previous movie Wake Up Sid, a Ranbir Kapoor starter, which was released in theatres on 2nd October is still able to pull in 85% occupancy. PVR’s first weekend collection for the movie...

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ANZ Bank, Goldman Sachs, UBS, Citigroup, Merrill Lynch and five other global analysts have forecasted that Asian coal prices will fall by 20% in 2009. However, against the analyst price fall warnings, coal prices in India have increased which is likely to put more pressure on power and cement...

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  ML: At what stage would inflation and higher interest rates be worrying factors given the higher high liquidity in the system, rising prices and huge government borrowing? VS: On inflation the RBI has already started to move the coin around. When he spoke in July, the governor talked about...

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The honeymoon seems to be nearly over for the Indian consumers who were once spoilt for choice with cheaper housing loans offered by PSU banks like SBI for last couple of months. Now consumers may well have to gear up for higher interest rates after 7th November, said a top brass of a PSU...

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Fertiliser companies are staring at heavy losses if they are denied natural gas from Reliance Industries. RIL is producing 40 million metric cubic metres per day (MMCMD) of natural gas. Anil Ambani has also made a claim of 28 MMCMD per day. NTPC has also claimed 12 MMCMD to run its 4,000 MW...

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Elections are the most coveted event for TV news channels and Union Budgets are what business TV channels look forward to. Their viewership shoots up on those occasions—it’s no wonder that TV channels advertise heavily the coverage of Union Budget as an event. That is when they hope to rake...

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L&T’s claim that it will build mega-nuclear plants each year with 3,000MW-4,000MW capacity seems far from reality In some sections of the press, AM Naik, chairman, L&T, has been quoted as saying that the company is planning to build 3,000MW-4,000 MW nuclear plants every year. The projection...

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Given the turmoil and sudden strikes in the airlines industry, operators offering alternate services like flight pools are witnessing a surge in demand. Not to be left behind, even the Indian Railways tried its hand to woo passengers stranded during the Air India pilots’ strike.   The strike...

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Domestic consumer products companies are relentlessly catching up with bigger foreign rivals. Now, in a major victory, Godrej No.1 has overtaken HUL’s Lifebuoy and Lux in the north Indian market (annual sale of Rs5000, crore), according to AC Nielsen, a market research firm. The company is...

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The festive season brings with it all sorts of attractive offers for consumers. Banks, not ones to be left behind, have come out with their own offerings, much to the pleasure of the consumers. Almost all leading banks have slashed interest rates on home and auto loans, in a bid to capture the...

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Osian Art Fund, which was announced as the world’s first art fund in 2006 promising great returns, made a quiet exit in August 2009, disappointing its investors with returns as low as 5% per annum for the past three years.   Osian's-Connoisseurs of Art Private Ltd, a leading archive and...

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Debashis Basu on where the stock market is headed 22 October 2009
Random musings on a truncated trading but positive fortnight I have been getting it wrong recently—not the medium-term direction (the advice remains ‘buy the dips’) but on the short-term trend. A correction is overdue, I thought weeks ago. But a torrent of money has flooded in and everybody...

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Software licensing, infrastructure solutions and application development provider Softcell Technologies Ltd has said that it has signed an agreement with Seclore Technology Pvt Ltd to provide digital rights management to its customers.   Selcore Technologies, which was incubated and promoted...

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  Almost after he had to leave India in a hurry, Nimesh Kampani could finally stop being a fugitive and returned home to Mumbai to celebrate Diwali with his family. However, despite the wide publicity to the Andhra Pradesh High Court’s decision to quash the Interpol Red Corner notice against...

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  ML: Are we witnessing the start of a new bull market? NS: I can’t categorise this as a bull market but if you ask me if optimism returning to investors as well as companies and regulators and government or fund managers, the answer is yes. And to some extent it is reflected in the...

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  ML: What are the key factors you would watch out for signs of significant reversal? NS: At the end of the day if 8% growth happens, notwithstanding small corrections, we can be reasonably sure that markets will continue to move up. At 8% growth rate even interest rates need not move up. We...

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BK Modi, one of India’s affluent businessmen and known for his eccentric business strategies has confirmed to Moneylife that he is investing $200 million to acquire two pristine Islands—Batam and Bintan near Singapore.   A suave Mr Modi said, “It is true that I am acquiring two Indonesian...

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