COMPANIES & SECTORS


Ramesh S Arunachalam Ramesh S Arunachalam 29 August 2011
It is important to understand that MFIs co-opted local leaders as agents in their desire to grow rapidly, to cope with the costs of servicing the last mile and maximize profits A few days ago I wrote that the proposed microfinance development bill must build safeguards against the presence of...

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Moneylife Digital Team 26 August 2011
Out of the 29 major sectors that Moneylife tracks, lifestyle & leisure showed the highest growth, registering a 43% growth in revenues in the June 2011 quarter, on a year-on-year basis It looks like the slowdown in the economy and rising inflation have not dampened the spirit of consumers...

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Moneylife Digital Team 26 August 2011
With demand growing far slower than production, cement manufacturers will find it difficult to pass on increasing costs to customers, which is likely to result in a steep reduction in profit margins by 2012-13 Crisil Research has forecast that the profitability of the cement sector will...

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Veeresh Malik Veeresh Malik 25 August 2011
Improved public transport is making more people park their cars at home, while local fuel-efficient small autos are gaining traction globally The past few weeks have been interesting for the Indian auto industry. On one side, the expected boom in exports of fuel-efficient cars, bikes and...

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Moneylife Digital Team 25 August 2011
DLF alone has a debt of Rs215 billion; companies struggle to raise funds, try to sell land parcels to repay debt, cut losses. Analysts, consultants say developers depend on an improvement in project sales, which can only happen after a correction Companies in the real estate sector have...

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Moneylife Digital Team 24 August 2011
There could be severe ramifications due to power generation from coal, considering the sheer scale of the capacity addition; the geographic concentration of the proposed plants; their predominantly private sector ownership and the severe environmental consequences along with implications for...

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Ramesh S Arunachalam Ramesh S Arunachalam 24 August 2011
There is a feeling among bankers that the acquisition of MFIs could strengthen the functioning of these institutions and enable the much-needed funds infusion. But any such takeover would first require an assessment of the portfolio of these MFIs The proposed Microfinance Institutions...

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Moneylife Digital Team 23 August 2011
The survey also revealed that 58% are unhappy with their current service provider and a majority of users have a common complaint against all providers for not having a proper redressal mechanism in place and not acknowledging the issues faced by subscribers Highlights of  the survey ...

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Yogesh Sapkale Yogesh Sapkale 23 August 2011
Dr D Subbarao emphasises difference between corporate governance in general and corporate governance for banks, saying both cannot be motivated by measurable performance indicators only Reserve Bank of India (RBI) governor Dr D Subbarao has emphasised the need for more effective and...

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Moneylife Digital Team 23 August 2011
H&M gave a personal guarantee to an NRI for a $13.5 million loan without taking permission from the RBI The Madras High Court has dismissed a writ petition by Helios and Matheson (H&M) challenging the Rs5 lakh penalty imposed by the Enforcement Directorate (ED) on the company for violation...

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Moneylife Digital Team 22 August 2011
Troubled by higher cost of funds and increased construction and labour costs, developers are still hoping for higher prices Recent reports suggest that the downtrend in the Mumbai realty sector continues. In July, sales registrations were down 31% y-o-y to 5,047 levels. However, prices have...

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Ramesh S Arunachalam Ramesh S Arunachalam 19 August 2011
Linking the implementation of norms and safeguards to availability of priority sector lending can minimise the risk of failure while improving the protection of the interests of clients and investors While we are on the topic of the microfinance bill, I would like to bring up the aspect of...

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Moneylife Digital Team 19 August 2011
The crash of KS Oils Ltd underlines the perils of how PE funds can also get it very wrong Private equity (PE) players, who come with billions of dollars of cash, pick up significant stakes in firms and often work with managements to improve performance and exit at a profit. Their stock...

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Moneylife Digital Team 19 August 2011
The country’s No.2 software services company faces a lawsuit in the US, filed by a former employee, who has alleged that the company misused B-1 visas to send unskilled employees to do the work of skilled individuals Infosys Ltd, the country's second largest software services company, with...

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Moneylife Digital Team 19 August 2011
CCI order sparks off debate over problems of property buyers as well as issues that affect developers Property buyers will welcome the decision by the Competition Commission of India to (CCI) punish DLF, the country's leading realty firm, with a fine of Rs630 crore for abusing its dominant...

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Yogesh Sapkale Yogesh Sapkale 18 August 2011
Following the US ratings downgrade by S&P and the turmoil in Europe, Indian industry bodies have started lobbying for rate cuts from the RBI. Will it succeed in halting RBI's ‘rate hike express’ that has been running non-stop since February 2010? Industry bodies Federation of Indian Chambers...

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Moneylife Digital Team 18 August 2011
Domestic demand for the yellow metal in the second quarter of 2011 constituted 32% of global demand for gold (combined with jewellery and investments) and was at 248.30 tonnes According to the latest World Gold Council report, India was the strongest growth market in the second quarter of...

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Moneylife Digital Team 17 August 2011
Ronnie Screwvala’s sellout to Walt Disney has been hailed as a blazing exit. But he made much less money than the media thinks, points out an astute investor, because a lot of Screwvala’s shares were pledged It is surprising as to why would Ronnie Screwvala, who founded UTV Software...

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Veeresh Malik Veeresh Malik 11 August 2011
Customer-oriented car firms? It’s the Japanese Forty years ago, on my first Japanese trip, I was fascinated by their cars. I had seen these vehicles in the Persian Gulf, Europe & the US by then, but this experience was different. They seemed shinier in Japan; the locals added bells & whistles...

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Moneylife Digital Team 11 August 2011
There is lots of capital for the education business but student loans are elusive While there is no dearth of foreign capital chasing education as a business, Indian students continue to be deprived of education loans. The education loan portfolio of public sector banks stood at Rs43,074...

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