COMPANIES & SECTORS


Moneylife Digital Team 08 May 2012
Mumbai District Consumer Disputes Redressal Forum held Vodafone Essar guilty of deficiency in service and imposed a fine of Rs18,000 for failing to activate international roaming service for one of its customers, even when the customer had paid the deposit amount of Rs3,000 in August 2008....

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Moneylife Digital Team 07 May 2012
The Nanda family, promoter of Escorts, are planning to increase their voting control to 41.1% by transferring its and its associate companies' voting rights to a trust owned by them. But this will reduce voting rights of other shareholders In yet another example of poor corporate...

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Moneylife Digital Team 05 May 2012
The immediate impact of the Basel-III capital regime is benign, with the common equity Tier-I ratio for many Indian banks already close to 8% or higher, a Fitch study said New Delhi: Indian banks may need to raise up to $50 billion (about Rs2.5 lakh crore) of additional equity under the...

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Moneylife Digital Team 04 May 2012
The natural gas development by RIL is adversely impacting agricultural activity in the fertile “rice bowl” area of the Godavari districts in Andhra Pradesh, former Union secretary EAS Sarma said in a letter EAS Sarma, former secretary of the Government of India, has again raised the...

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Moneylife Digital Team 02 May 2012
April auto sales remained a subdued affair with top car and two-wheeler makers reporting modest growth. Honda, Toyota, Nissan and M&M reported robust numbers on good demand for their new launches   Automobile sales in April remained a mixed bag with several top carmakers like Maruti...

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Moneylife Digital Team 02 May 2012
Pantaloon Retail’s growth was fuelled only by debt. Unable to play this dubious growth game any longer, it will reduce Rs1,600 crore of debt by selling Pantaloon stores. Without debt or positive cash flows, will Pantaloon’s growth now come to a logical halt? Pantaloon Retail India...

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Moneylife Digital Team 30 April 2012
TRAI's recommendation of shifting to the higher frequency band of 1800Mhz would force all CDMA and majority of GSM operators to write off their investments and also pay additional money for the spectrum if they want to be in the business Telecom companies, mainly Vodafone, Telenor and...

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Moneylife Digital Team 30 April 2012
While there is huge demand for diesel cars, Maruti Suzuki cannot produce enough and what it is producing (petrol cars) in bulk, it cannot sell without discounts Maruti Suzuki India Ltd, the country largest carmaker, reported 29% drop in its full year net profit due to adverse currency...

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Moneylife Digital Team 30 April 2012
A Moneylife research compares three banks and finds out that HDFC Bank has come out at the top while Axis Bank has more work to do to get ahead of its key rivals A comparison between Axis Bank, HDFC Bank and ICICI Bank shows that Axis Bank leaves a lot to be desired while HDFC Bank has...

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Moneylife Digital Team 27 April 2012
Selling of pledged shares, along with resignation of 4 directors within a month has prompted fears that something is deeply amiss with the company Varun Industries recently hit a 52-week low Rs42.65 on the National Stock Exchange (25 April 2012) amidst share pledging by the promoters and...

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Shukti Sarma 24 April 2012
On May 3rd, the builder lobby will go on a strike. But considering the fact that “over regulation” hasn’t stopped new projects from taking off, it remains to be watched how they present their grievances   Mumbai’s residential property sales have improved by 20% quarter-on-quarter,...

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Moneylife Digital Team 24 April 2012
What banks have not done against Kingfisher Airlines for its outstanding loan of Rs7,000 crore turning into to non-performing assets (NPAs), has been done by realtors on whose premises the “King of Good Times” has its operational offices What banks have not done against Kingfisher...

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Moneylife Digital Team 23 April 2012
“It has been observed that per second billing system is more acceptable among majority of the subscribers, because it ensures that subscribers pay only for the actual usage,” said TRAI The Telecom Regulator Authority of India (TRAI) has made it mandatory for all telecom service providers...

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Moneylife Digital team 18 April 2012
An analyst with a brokerage firm commented that it would take more cuts and a longer period of time for sentiments to revive because this is one single cut in interest rates, whereas over the last two years the RBI has raised rates 13 times The Reserve Bank of India (RBI) may have...

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Mr Mallya was broke 20 years ago. Can he again work his way out of trouble by selling assets? “After vintage cars and race horses, the flamboyant UB Group chairman has collected a clutch of sick companies. To pull through, he is selling assets.” No, this is not the latest report on the...

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Foreign car companies must be asked to make all aspects of cars as per exact Indian driving standards, known as homologation My new VW Passat runs like a dream. Except for the nerve-wracking grating sounds of the underbelly over our super steep road-bumps, I have little else to complain...

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Moneylife Digital Team 13 April 2012
Infosys, the second largest listed IT company in India, reported numbers that fell short of market expectations. Analysts feel that this may raise questions on the demand for IT services in the coming quarters Infosys shares fell by over 13% on Friday due to the company’s disappointing...

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Moneylife Digital Team 12 April 2012
The company feels that the new facility would augment its distribution channel for its earth moving machines in India Caterpillar India launched its new backhoe loader manufacturing facility in Thiruvallur near Chennai. The new facility not only strengthens the company’s growing presence...

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The effect of the Budget on automobiles has been discussed in other forums but here is the buzz on the street and in dealer stockyards Discounts on luxury cars, like BMW 3 Series/Mercedes ‘C’ class/Audi A-4, continue to score in double-digit percentage points. With the added advantage of...

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Moneylife Digital Team 10 April 2012
A directive from the Petrol and Natural Gas Regulatory Board has ordered Indraprastha Gas to refund the excess charges which might erode its net-worth completely A directive from the Petrol and Natural Gas Regulatory Board (PNGRB) to Indraprastha Gas (IGL) has ordered the company to...

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