Indian Mutual Funds News 14 March 2008

Sensex down 770; dollar dive against yen impacts markets
Hindu Business Line - Chennai,India
There was a marked lack of domestic buying support, with both mutual funds and insurance companies not participating in any substantial way, said marketmen. ...

SBI MF to launch Real Estate Equity Fund
Business Standard - Mumbai,Maharashtra,India
PTI / Mumbai March 14, 2008 The SBI Mutual Fund on Thursday filed the offer document with the Securities and Exchange Board of India (Sebi) for launching a ...

Rupee recovers from intra-day low, closes a tad higher
Business Standard - Mumbai,Maharashtra,India
Mutual funds were the buyers, mostly in three year and five year maturity papers for earning interest rate differential. These papers included Indian ...

MIPIM 2008: Strutts teams up with Old Mutual for $1bn Indian fund
Property Week News - London,England,UK
Strutt & Parker has teamed up with a major insurance firm to launch a $1bn (£498m) fund investing in Indian retail property. By Jennifer Rigby Strutt's ...

Indian fund management biz to grow 33%: study
India Infoline.com - Mumbay,India
Mutual funds and portfolio management services (PMS) will be the key drivers, the report titled 'Indian Asset Management: Achieving Broad-based Growth' ...

BlackRock Re-Opens International Opportunities Fund to New Investors
Business Wire (press release) - San Francisco,CA,USA
The team is responsible for managing a suite of equity mutual funds that also includes the BlackRock Global Opportunities Fund, BlackRock US Opportunities ...

UPDATE 1-Morgan says reviewing US retail funds strategy
Reuters - USA
Earlier on Wednesday, Miller was also named by Morgan's mutual fund subsidiary Van Kampen Investments as president and chief executive to succeed Kiley. ...

ABN AMRO MF plans Infrastructure Fund
Myiris.com - Mumbai,Maharashtra,India
ABN AMRO Mutual Fund plans to launch ABN AMRO Infrastructure Fund, an open ended equity scheme and has filed an offer document with the market regulator ...

Indian Investments News 14 March 2008

Samsung Telecom eyes 15% in Indian market
Business Standard - Mumbai,Maharashtra,India
The company will make required investments in building the brand, expanding channels and rolling out new models," said Sunil Dutt, country head (mobile ...

A better system of controls needed
Economic Times - Gurgaon,Haryana,India
India's increasing integration with global markets — through trade, global sourcing of inputs, overseas investments by corporates, foreign borrowing and ...

Indian SMEs upbeat about growth: HSBC
Financial Express - Bombay,India
Only 2% plan to decrease investments compared with those in 2007, the survey says. On the recruitment side, 57% of respondents say staff levels will be ...

South Australia PM seeks Indian investments in mining
Financial Express - Bombay,India
... the visiting Premier of South Australia province, Mike Rann urged for boosting trade ties and invited Indian investment in exploration of uranium, gold, ...

Precious Gold 101: As Reliable as Ever
Resource Investor - Herndon,VA,USA
East Asia, the Indian sub-continent and the Middle East accounted for 70% of world demand in 2005. 53% of demand is attributable to just five countries ...

Origo Sino-India says GLG Fund to invest 17.1 mln stg in co UPDATE
CNNMoney.com - USA
ORP said its investment in India's Fomento, which will be made using its existing cash resources, will give it exposure to the strong market for iron ore. ...

Origo Sino-India says GLG Fund to invest 17.1 mln stg; performed ...
CNNMoney.com - USA
13, 2008 (Thomson Financial delivered by Newstex) -- Investment company Origo Sino-India PLC said GLG Funds has invested 17.1 mln stg in the company through ...

Local pharma CRAMS it
Sify - Chennai,Tamil Nadu,India
... further investments and exploring new opportunities with CRAMS are the need of the hour, she added. Ultimately, it is the speed of innovation of Indian ...

Why the IPL is good for cricket
CricInfo.com - UK
Had the man not unleashed the Indian Premier League, newspapers and websites would not be full of otherwise sensible commentators telling us that the world ...

Indian Markets News 14 March 2008

Indian markets crash harder
Times of India - India
This adage seems befitting for Indian stock markets looking at the tumultuous meltdown witnessed after touching meteoric highs in the past two months. ...

`Market volatility may last a year`
Business Standard - Mumbai,Maharashtra,India
Is volatility here to stay, as far as the Indian markets are concerned? Chaturvedi: The volatility in Indian markets will take another 12 months to ease out ...

Bears drag markets to six-month lows
Financial Express - Bombay,India
Though the US Fed meet is scheduled next week and we are expecting a 50-75-basis point cut, but unless fresh money starts flowing in, Indian Markets will ...

'We may bring the new Audi A4 by year-end'
Hindu Business Line - Chennai,India
I got a good feeling about the possible expectations of the Indian market in the premium segment. We know that the premium segment in India is still a small ...

Indian telecom firms to venture into West Asian market
Economic Times - Gurgaon,Haryana,India
NEW DELHI: Indian telcos such as Bharti Airtel, Reliance Communications and state-owned MTNL, who had lost their bids for telecom licences across different ...

India gold at new highs, global market touches $1000
Reuters India - Mumbai,India
MUMBAI (Reuters) - Indian gold struck new highs on Thursday in tandem with foreign markets that touched the psychological $1000 an ounce, attracting many ...  

Indian markets lose more than 4 per cent on panic selling
Earthtimes - London,UK
New Delhi - Indian markets witnessed a major downswing on Thursday with the Bombay Stock Exchange's benchmark 30-share Sensex at one point touching a ...

Indian markets open buoyant but pull back on weak industrial growth
Earthtimes - London,UK
New Delhi - The Indian share market opened on an upswing Wednesday, 2.5 per cent higher than its previous close, following global cues but later lost more ...

Terrible day for financial markets globally
Moneycontrol.com - Mumbai,India
The only saving grace is that volumes are not very big today but overall it's been a rough session not just for the Indian markets but for global financial ...

Bearish trends to continue in India stock exchange
Thaindian.com - Bangkok,Bangkok,Thailand
Global markets with no positive news finds itself in downtrend which is likely to remain for another eighteen months.Indian stock market which has ballooned ...

India insurance News 14 March 2008

Medical insurance still a hurdle for senior citizens
Times of India - India
Senior citizens continue to feel short-changed in their medical insurance dealings. The Insurance Regulatory and Development Authority of India (IRDA) had ...
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Insurance units eye new channels
Business Standard - Mumbai,Maharashtra,India
According to an analysis of India's bancassurance sector by Watson Wyatt Worldwide, leading global insurance consulting firm, bancassurance is likely to ...
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A New PIN on India's ETF Map
Motley Fool - USA
For example, foreigners can hold only a 26% ownership interest in insurance companies. The limit is 49% for passenger airlines. Factoring such quirks into ...
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Sun Life Adds Bulk in India: Report
National Post - Toronto,Ontario,Canada
Sun Life Financial and its Indian joint venture partner are spending billions of rupees to add bulk to their local insurance operations, according to ...
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Max New York Life Insurance To Expand Rural Operations In Himachal
myHimachal - Sirmour,Himachal Pradesh,India
by Ravinder Makhaik Shimla: Having consolidated its presence in rural Punjab, Max New York Life Insurance intends to expand it operations in North India. ...
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Birla Sun Life widens capital base
Sify - Chennai,Tamil Nadu,India
Our key focus areas are distribution, pan-India reach and upgradation of technology platforms," Vikram Mehmi, President & CEO, Birla Sun Life Insurance, ...
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Fun News, Odd News 14 March 2008

All in good fun
Hays Daily News - Hays,KS,USA
The other contest, while odd and interesting, isn't limited to the young. Any Kansan who has found himself in a jam knows the intrinsic value of a roll of ...
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Paddy Courtney at the House of Fun, Ballymun!
Dublinks - Dublin,Ireland
With television appearances on Podge & Rodge, Don't Feed the Gondolas and The Blizzard Of Odd, Paddy is fast establishing himself as one of Ireland's most ...
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Naomi Watts Interview, Funny Games
MoviesOnline - Toronto,Ontario,Canada
MoviesOnline: Did you think it was odd that this character wore such a dowdy dress? Naomi: He wanted it dowdy. Michael is someone who pretty much doesn't ...
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10000-website Strong Malware Maze Created by Criminals
Slashdot - USA
In an odd morbid so by IBBoard (1128019) And Hitler ended up in a ditch, covered in petrol, on fire, so, that's fun! I think that's funny, 'cause he was a ...
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Private photos for my favourites
The Observer - UK
Looking for someone who's happy, funny and intelligent. Must enjoy travelling to the odd, far flung location as well as having fun with my friends in the ...
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Travel is fun, airports aren't
Caledon Citizen - Caledon,Ontario,Canada
These were the days when Viscounts and Vanguards made up most of the planes on the tarmac, with the odd jet to handle the overseas traffic. ...
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Jim Carrey & Steve Carell "Horton Hears A Who"
MediaBlvd Magazine - Los Angeles,ca,USA
MediaBlvd> Jim, what made you odd, when you were a kid? Jim> I was the baby of the family. I guess my father was strange. He was funny and strange, ...
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'The Return of Jezebel James'
Los Angeles Times - CA,USA
They are brought reluctantly together in one apartment, à la "The Odd Couple," a tried but true construct made modern with a surrogacy twist -- Sarah, ...
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Indian Financial; Markets News 14 March 2008

Energy ETFs Hit Highs; Emerging Markets Fall
CNNMoney.com - USA
WisdomTree India Earnings EPI , which started trading Feb. 25, sank 8.34% to 22.74. Meanwhile, India's stock market suffered its largest weekly dive in 21 ...
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Crunch to Contagion
Times Online - UK
Just like the irrational exuberance that has in the past been the hallmark of financial markets, so, too, is it possible that the fear is overdone. ...
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Paulson scores low on financial reforms
Livemint - Delhi,Delhi,India
But, on the basis of an extensive preview in The Wall Street Journal (WSJ has an exclusive content partnership in India with Mint), Paulson only seems to ...
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ICICI Bank's mark-to-market write-downs to have no rating impact ...
Forbes - NY,USA
MUMBAI (Thomson Financial) - Moody's Investors Service said it sees no rating impact on India's largest private lender ICICI Bank Ltd following its recent ...
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Rupee weakens on stock market crash, oil prices
Hindu Business Line - Chennai,India
Mumbai, March 13 As the domestic stock market crashed by over 700 points, the reverberations were felt in the financial markets as well, although on a lower ...
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Swiss shares lower as financial stocks hand back gains, Wall ...
Forbes - NY,USA
... its operations in Asian countries including India and China. Arpida was down 0.10 sfr or 0.66 pct at 14.90 sfr, but was outperforming the general market ...
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Indian shares slide over 5 pct on panic selling
Forbes - NY,USA
... Financial) - Indian shares were trading over 5 pct in the last hour of trade, dragged down by panic selling by funds, which took cues from Asian markets ...
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India spot gold hits fresh record highs, breaches 13000-rupee mark
Forbes - NY,USA
MUMBAI (Thomson Financial) - India spot gold prices witnessed a new all-time high as it closed above 13000 rupee mark as the yellow metal neared the ...
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Indian shares close sharply lower on weak Asia cues, lacklustre ...
CNNMoney.com - USA
13, 2008 (Thomson Financial delivered by Newstex) -- Indian shares plummeted on panic selling by funds on record oil prices, a collapsing dollar, ...
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Global Markets Tumble
The Associated Press -
The Amsterdam-listed fund shook financial markets last week after missing margin calls from banks on its $21.7 billion portfolio of ...
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Hollywood, celebrity 14th March 2008

Hollywood Celebrity Buzz: Ashley Dupre, Mandy Moore
Gay Wired - Los Angeles,CA,USA
By Ross von Metzke I was visiting with some new friends of mine yesterday—the talented duo of Alek and Steph behind OhLaLaMag.com—and perusing their Website ...
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Preview | T's Celebrity Improv Film Series
New York Times - United States
By Adam Kepler In T Online's new episodic film series, "T Takes," Hollywood's bright young things improvise for the camera. Directed by the emerging New ...
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Shandling Testifies Pellicano Was Involved In 'Smear Campaign'
KNBC.com - Los Angeles,CA,USA
LOS ANGELES -- Comedian Garry Shandling testified Thursday that celebrity sleuth Anthony Pellicano was involved in a "smear campaign" against him during ...
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Celebrity Car
San Jose Mercury News - CA, USA
While father Manny goes about his daily business behind the wheel of a black Mercedes-Benz S-Class sedan and Karim cruises Hollywood in a cream-colored ...
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The Ultimate Celebrity Is a Mix of Hollywood Beauties
FOXNews - USA
Web users competed to create the Ultimate Celebrity on Worth1000.com, an image-editing site. Artists created their versions of the perfect Hollywood beauty ...
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Garry Shandling Testifies in Hollywood Wiretap Trial of Private Eye
FOXNews - USA
Prosecutors say Shandling was among the victims of a racketeering scheme headed by Pellicano that dug up dirt on celebrity and other prominent Hollywood ...
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Barry Diller and John Malone have their day in court
Economist - UK
Actually, the protagonists are a celebrity couple, of sorts. One is Barry Diller, an engaging former Hollywood studio boss, who revels in dealing with the ...
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Ranger Pat may come back
Sunshine Coast Daily - Queensland,Australia
But now, with mayoral contender Bob Abbot promising a job for him if elected, it appears Ranger Pat, who became a Hollywood celebrity bodyguard, ...
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Hollywood's Diet And Fitness Secrets
CBS News - New York,NY,USA
This is a little Hollywood-insider secret that celebrity stylists revealed to me. They tell their clients to pop a breath strip into their mouth when the ...
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Opinion: Sexism in Celebrity Coverage
Rowan University The Whit Online (subscription) - Glassboro,NJ,USA
Hollywood, in essence, freaked out! Stars like Sarah Jessica Parker, Natalie Portman, and Josh Brolin along with a number of Hollywood agents and publicists ...
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Top 100 companies (Market Capitalisation) on 13th March 2008

Top 100 companies

Company	Current Price (Rs)	% Change	Volume	Market Cap (Rs Cr)
Reliance Inds.	2242	-5.66	1251871.00	3,25,935.91
ONGC	986	-2.73	153121.00	2,10,967.44
NTPC	187	-4.03	2354859.00	1,53,943.49
Bharti Airtel	778	-3.98	212571.00	1,47,727.87
NMDC Ltd.	10825	-10	4213.00	1,43,061.22
MMTC Ltd.	21138	-10.24	626.00	1,05,688.75
RelianceCommu.Ltd	501	-7.07	2359205.00	1,03,443.12
DLF Ltd.	607	-14.87	2363426.00	1,03,435.71
ICICI Bank	838	-4.77	1197796.00	93197.1
Bharat Heavy Ele	1883	-6.63	199256.00	92166.83
SBI	1696	-6.21	627370.00	89244.69
L & T	2805	-4.6	352636.00	81861.01
Steel Authority	194	-11	5157961.00	80212.37
Infosys Techno.	1334	-3.65	205507.00	76276.2
Tata Consultancy	779	-5.6	250958.00	76188.9
HDFC	2501	-1.26	200370.00	70417.84
ITC Ltd.	185	-2.57	395976.00	69836.76
Indian Oil Corp	478	-4.98	81931.00	57048.94
Wipro Ltd	365	-6.37	196613.00	53308.25
Sterlite Indus.	731	-7.07	315026.00	51812.61
Hindustan Unilever L	222	0.32	513419.00	48438.49
HDFC Bank	1296	-5.24	50670.00	45894.08
Unitech Ltd.	266	-9.71	1772793.00	43174.32
Tata Steel	697	-9.04	1277165.00	42471.33
Cairn India Ltd.	218	-12.17	4215671.00	38760.21
Power Grid Corpo	89	-13.75	8744603.00	37605.99
Suzlon Energy Ltd.	241	-10.61	1379917.00	36054.04
GAIL India Ltd.	408	-2.08	301100.00	34468.69
Jindal St & Pwr	1984	-9.97	301799.00	30548.98
National Alumini	468	-5.27	132094.00	30131.16
Axis Bank Ltd.	803	-7	155538.00	28695.02
Reliance Capital	1266	-12.16	1124842.00	28424.49
Reliance Energy Ltd.	1197	-9.87	1059578.00	28319.75
GMR Infrastructure L	149	-6.27	1542195.00	27209.61
Grasim Inds.	2849	-1.51	26058.00	26120.65
JaiprakashAssociates	219	-11.01	3828568.00	25415.6
Tata Power Co.	1164	-2.17	179412.00	25377.03
Idea Cellular Ltd.	95	-4.84	1126620.00	25141.33
Sun Pharma.	1226	-3.29	14654.00	24699.57
Hind. Zinc	581	-1.16	49339.00	24588.99
Satyam Computer	364	-4.01	1588685.00	24374.97
Essar Oil Ltd.	213	-10.72	8472141.00	24289.08
Maruti Suzuki India	840	-2.24	379523.00	24262.06
Tata Motors Ltd.	620	-3.81	134215.00	23916.97
ABB Ltd	1103	-3.4	138523.00	23379.86
Mundra Port & Specia	568	-5.53	147412.00	22757.07
Kotak Mahindra Bank	624	-9.65	357501.00	21489.09
Hindalco Indus.	174	-9.44	1965639.00	21295.62
Neyveli Lignite	126	-6.69	945476.00	21063.65
Bajaj Holdings & Inv	2080	-0.63	181292.00	21041.9
IDFC	151	-10.05	1954183.00	19524.52
Hind. Copper	249	-9.01	18329.00	19163.2
Ambuja Cements Ltd.	121	-2.42	226280.00	18389.14
Ranbaxy Labs.	457	-1.52	543785.00	17055.46
Reliance Natural Res	104	-11.41	25922067.00	16935.56
HCL Technologies	253	-6.53	86680.00	16807.42
Mahi. & Mahi	661	-3.23	120786.00	15802.73
Power Finance Co	153	-9.26	722819.00	15760.73
Cipla	201	-1.59	730217.00	15615.96
United Spirits Ltd.	1552	-5.08	18941.00	15376.72
Punj. NationlBak	476	-3.99	177607.00	15013.01
Hero Honda Motor	738	1.3	28646.00	14727.88
Bharat Petroleum	407	-4.97	68496.00	14723.9
JSW Steel	897	-4.49	208879.00	14712.29
ACC Ltd.	779	-3.47	133619.00	14636.65
Adani Enterprises Lt	587	-8.81	114464.00	14473.25
Tata Communications	503	-1.82	122194.00	14346.9
Nestle India	1420	0.49	11667.00	13691.16
Aditya Birla Nuvo	1437	-3.61	16005.00	13407.25
Aban Offshore Ltd.	3500	-3	137589.00	13218.34
HDIL	616	-13	4356404.00	13207.6
Mangalore Refine	75	-3.53	880511.00	13170.94
Bank of India	267	-5.51	459306.00	13008.93
Sesa Goa	3246	-9.71	92761.00	12775.53
Bosch Ltd.	3847	-0.34	17091.00	12328.99
IndiabullsFinService	469	-14.75	521864.00	11883
Indiabulls Real Esta	494	-13.02	1073876.00	11857.13
Sun TV Network Ltd.	300	-1.32	10085.00	11822.4
Glenmark Pharma	467	-1.31	43769.00	11529.6
Jai Corp Ltd.	640	-4.99	4197.00	11430.25
Asian Paints Ltd.	1145	0.43	7389.00	10981.4
Siemens Ltd.	647	-5.61	151197.00	10899.54
Container Corpor	1673	-1.33	2022.00	10875.75
Zee Entertainment En	245	-4.58	182818.00	10616.7
UltraTech Cement	840	-5.51	55440.00	10458.4
Bharat Electroni	1284	-4.74	5375.00	10273.2
Bank of Baroda	273	-6.48	220573.00	9993.59
Punj Lloyd	323	-6.68	562083.00	9747.17
Crompton Greaves	261	-5.22	244011.00	9554.13
Canara Bank	224	-5.26	57674.00	9194.25
Hind. Petrol	270	-2.17	175410.00	9143.01
Dr. Reddy's Labs	539	-2.44	29622.00	9067.79
GlaxoSmithKline Phar	1067	-0.82	16013.00	9033.26
Rural Electrific	114	-6.11	17005521.00	8883.23
Dabur India	98	-3.17	187844.00	8449.92
Lanco Infratech Ltd.	380	-5.78	1162373.00	8360.93
Godrej Industries Lt	258	-9.99	175247.00	8257.24
I-Flex Solutions Ltd	956	-4.78	10853.00	8006.8
Divi's Lab	1227	-7.54	255625.00	7922.22
Areva T&D India	1630	-4.65	8036.00	7790.44

 

Source- Investorline