City Union Bank First Quarter Net profit 32% up

The Board of Directors of CITY UNION BANK LIMITED approved the un-audited working results for the first quarter of FY 2011-12 at its meeting held in Chennai. Net Interest Income for Q1 FY 2012 went up smartly by 30% to Rs.120.04 Cr. Operating Profit increased by 35% for Q1 FY …
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Foreign investors must have PAN for investing in MF

PAN is a 10-digit alpha-numeric tax payer identification number that is allotted to an individual and is increasingly required to be quoted with financial transactions. Individual foreign investors seeking entry into Indian stock markets will now have to acquire PAN (Permane…
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India's total demate accounts increase to 2 crore

The number of demat accounts with the country's two leading depositories, NSDL and CDSL, has grown substantially. Demat account is opened to hold shares in dematerialised or electronic form. It does away with the problems (such as theft, forgery and loss in transit) asso…
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Family Mediclaim : IOB Health Care PLUS

The public sector bank IOB - Indian Overseas Bank provides a  scheme for Mediclaim Insurance cover, which is available to all account holders maintaining a S.B. or C.D account in the age group of 18-65 years. The scheme is available to NRI customers also. However, the cover …
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DHFL - Dewan Housing Finance net profit up to Rs 67 crore

One of the India's leading Housing Finance company, Dewan Housing Finance Corporation (DHFL) has posted a 28 per cent jump in net profit at Rs 66.78 crore for the first quarter ended June 30, 2011. DHFL had a net profit of Rs 51.24 crore for the corresponding quarter of…
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Bhartiya group launch integrated township in Bangalore

Bhartiya group's flagship company Buildco, is going to launch Bhartiya City, a 125-acre integrated township in Bangalore. The project spread will be a complete integrated township divided into eight main areas like Residential, Office space, IT, SEZ, Retail, Hotels, Sch…
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Land acquisition Bill finalised : Draft bill for comments

Land acquisition process, rural development minister Jairam Ramesh has cleared a draft bill for public comments. The minister's land acquisition and rehabilitation bill will be up on the ministry website just a fortnight into his term at Krish Bhawan. The Bill proposes …
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Resale Flats may be Cheaper than 15% to new flats

Resale Flats may be Cheaper than 15% to new  flats
In India flats price corrections in smaller cities and some pockets in major cities has prompted some of them. Reason by the rise in both prices and interest rates. When real estate agents show major cities flats that are for resale along with new ones in apartments that ar…
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Max New York Life: Guaranteed Monthly Income Plan

Max New York Life: Guaranteed Monthly Income Plan
Max New York Life Insurance recently announced the launch of “ Max New York Life Guaranteed Monthly Income Plan, a unique, first of its kind financial solution, that provides additional boost to the monthly income, with quantum of payout indexed to a benchmark G Sec rate. …
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Farmers must get land's potential value - DLF Chairman

Farmers must get land's potential value - DLF Chairman
In India land acquisition for industrial  (SEZ) and residential projects has become a controversial issue with farmers demanding higher compensation in Noida Extension, on the outskirts of Delhi, which they claim was acquired at throwaway prices.. Recently  the Allahabad Hi…
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AEGON Religare iMaximize ULIP Plan

AEGON Religare iMaximize ULIP Plan
AEGON Religare Life Insurance today announced the launch of an online protection plan on a ULIP (unit-linked) platform called the AEGON Religare iMaximize Plan. This plan is available exclusively online and is specially targeted at HNI (High Net-worth Individuals) who are …
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When increase your insurance policies?

Most of us review our insurance covers periodically. Some important situations we change our insurance policies. You also need to review your insurance cover from time to time in a bid to ensure that you are adequately insured and your dependants are taken care under any unf…
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HRA Should be taken into EPF contributions.

The Madhya Pradesh high court's ruling that employee benefits, such as house rent and conveyance allowances, should be taken into account While computing the employee provident fund contributions. It may soon be implemented all over India. Mr. Samirendra Chatterjee , Cen…
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LIC HFL net profit up to Rs 256 crore

LIC HFL net profit  up to Rs 256 crore
LIC Housing Finance  a 21 %  jump in net profit at Rs 256.5 crore for the quarter ended June 30, 2011 The company had posted a net profit of Rs 212.02 crore for the corresponding quarter of the previous fiscal, LIC Housing Finance said in a filing to the Bombay Stock Exchan…
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Godrej Properties develop residential projects in Hyderabad

Godrej Properties has entered into a profit sharing agreement with Godrej & Boyce to develop residential projects in Hyderabad and Thane. Under the agreement, Godrej Buildcorp will develop a 9.16 acre at Moosapet, Hyderabad. The  developable area will be nearly 20 lakh …
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Debt Mutual Funds

A Debt Mutual fund is a type of mutual fund. It is designed especially for the low risk investor whose main aim is capital preservation coupled with decent returns.
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Equity Mutual Fund

This type of mutual fund invests primarily in stocks. The fund's goal is to make money from increases in the prices of the stocks that it holds. An equity growth fund invests primarily in growth stocks.
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UK home price dip, Rightmove Plc said

UK home sellers lowered asking prices in July for the first time this year as a mortgage squeeze deterred buyers. Asking prices dropped 1.6% from the previous month, when they had gained 0.6%, the UK's biggest property website Rightmove Plc said. 70% of properties liste…
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Online property auctions by banks :Advantage, disadvantage

Online property auctions  by banks :Advantage, disadvantage
In India online world is a very fast improvement. Discounts and deals available for a wide range of products. The latest addition being real estate auctions by banks and housing finance companies, at a rate cheaper than the market. When borrowers fail to repay loans, banks …
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Types of Health insurance in India

Types of Health insurance in India
Health insurance popularly known as mediclaim provides healthcare costs if the insured is hospitalized for more than 24 hours. With medical expenses increasing skyrocketing with passing time, health insurance is excellent option to make sure that you receive best healthcare…
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Types of Health insurance

Health insurance popularly known as mediclaim provides health care costs if the insured is hospitalized for more than 24 hours. With medical expenses increasing skyrocketing with passing time, health insurance is excellent option to make sure that you receive best health ca…
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Health Insurance: Floater plan vs Individual Plan

Health Insurance:  Floater plan vs Individual Plan
A lot of confusion among the people taking a health insurance Floater plan or Individual Plan. Here an example, Mr. M, 33 year, was taking for a health insurance cover for his family that is him and wife and one child. He was very surprised when his insurance advisor g…
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Tamilnadu government hikes power of attorney fees from Rs. 50 to Rs.10,000.

Tamilnadu government hikes power of attorney fees from Rs. 50 to Rs.10,000.
The Tamilnadu government has effected manifold increase in the registration fees in respect of agreements for the deposit of title deeds and lease deeds, besides the fee for registration of instrument of power of attorney. In the case of title deeds, the ceiling on …
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DLF’s debt rescue - Plotted development strategy comes

Indian Realty major DLF Ltd’s strategy to go for plotted development -- a move aimed at weathering the blow from the rising input cost and inflation -- seems to have clicked. To further strengthen its cash flow, the company is also looking at asset monetisation worth around…
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Casa Grande offers villas Adyar in Chennai

An emerging property development company, Casa Grande  that has been promoted by a team of young professionals in Chennai, has  launched a new residential project that will offer luxury villas to homebuyers very close to the city. The new project will offer 25 luxury villas…
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MARG listed among India’s top 500 companies 2010

MARG listed among India’s top 500 companies 2010
MARG Ltd, the diversified business company  was listed in the 11th edition of “India’s Top 500 companies 2010” of the global business information provider Dun and Bradstreet. MARG Ltd release said. “Dun and Bradstreet, the world’s leading provider of global business inform…
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Freebies rain for flat buyers in Mumbai real estates

This monsoon, housing sale has decreased by almost 40 per cent across the Mumbai city. Taking a cue from malls and designer boutiques that offer huge discounts and free gifts during monsoon sale, developers are ready to offer freebies and negotiate on the cost if the buyer …
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Rising income levels sees hill stations booming

Rising income levels sees hill stations booming
Recently the website Makaan.com  conduct a survey over 4,800 respondents nationally, with the majority of them belonging to the age group of  25-35 years of age. According to the survey,  family income on the rise, hill stations in India are increasingly becoming attractiv…
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LIC HFL Property Fair, Chennai - V. K Sharma

LIC HFL Property Fair, Chennai  -  V. K Sharma
LIC Housing Finance and other major builders and promoters have come together to come up with a new mega property fair in Chennai called Ungal Illam 2011.  The venue of the fair is at Rani Meyyammai Hall at Egmore.  This fair is in association with builders like Jain Hou…
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Sterling Holiday Resorts new MD Ramesh Ramanathan

Sterling Holiday Resorts new MD Ramesh Ramanathan
Sterling Holiday Resorts India Ltd has announced the appointment of  Mr. Ramesh Ramanathan as its new managing director. Ramanathan was heading Mahindra Holidays and Resorts India Ltd and was also on the Group Executive Board of the Mahindra group. Ramanathan would be respo…
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Realty Regulatory Bill to be brought in monsoon session

Realty Regulatory Bill to be brought in monsoon session
The Maharashtra government is contemplating introducing a Real Estate Regulatory Authority Bill in the ensuing monsoon session of the State Legislature beginning later this month. The Authority will be an autonomous body with civil judicial powers headed by a retired judge …
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Jones Lang LaSalle India launches Corporate Finance division

Inida's largest international property consultancy company Jones Lang LaSalle (JLL) India, has launched Corporate Finance division. JLL Corporate Finance will address the requirements of corporates, which are not in the business of real estate to make informed decisions…
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Dubai attracting more Indian real estate investors

Dubai attracting more Indian real estate investors
Recent years, property prices escalating very sharply in Indian cities like Chennai, Mumbai and Delhi, many Indians are looking at investing in Dubai. In Dubai property prices after a steep correction seems to have stabalised in some prime areas. Sources said, ''Ind…
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Special cells to act on land grabbing complaints: Tamilnadu CM

As the Tamil Nadu police has been flooded with thousands of complaints of land grabbing and forcible selling during the previous DMK Regime, AIADMK Supremo and Tamil Nadu Chief Minister J Jayalalithaa announced setting up of Special Cells to take action on the complaints an…
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Expand corporation limits : Realty Business in Coimbatore suburbs

Expand corporation limits : Realty Business in Coimbatore suburbs
The State government (Tamilnadu) planning to expand the Coimbatore corporation limits. Beacuse of that, land prices have skyrocketed in most areas of Kovai. especially in the north and east of city in the last few years. Many IT companies and manufacturing firms setting up …
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Unitech, Arihant launch apartments in Chennai

Unitech, Arihant launch apartments in Chennai
Realty firm Unitech has joined hands with Chennai-based Arihant Foundations & Housing to promote North Town in Perambur, forming part of north Chennai region. North Town is being developed over 70 acres, which formed part of the erstwhile mill operations of historical B…
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JSW Steel Jindal buys India's costliest houser

JSW Steel  Jindal buys India's costliest houser
JSW Steel  Sajjan Jindal buys India's costliest house  Rs 400 cr  The owner of India's third-largest steel company by revenues, Mr. Sajjan Jindal, has acquired a 3-storey bungalow spread over an acre.  It's cost about for Rs 400 crore, in what is possibly the pric…
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New Pension Scheme may get revamped soon

New Pension Scheme may get revamped soon
Indian government boost the NPS ( New Pension Scheme ). Because of that PFRDA (Pension Fund Regulatory and Development Authority). has set up an expert panel. The committee chaired by former SEBI Chairman Mr. G.N. Bajpai. According to the expert panel recommendations, ther…
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