COMPANIES & SECTORS


The new ‘hypercar’ on the block is the Koenigsegg Agera which may cost anything between Rs13 crore and Rs16 crore, or Rs17 crore landed in India. Throw in a few more crores for duties, taxes, registration and insurance, and you have a money block of about Rs20 crore on day one There seems to...

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Moneylife Digital Team 05 May 2011
The sector has witnessed two years of healthy growth, but inflation, higher interest rates and rising prices of fuel may muddy the waters for the automobile industry The start of the fiscal year has traditionally been a weak period for the Indian automobile industry. According to a report...

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Moneylife Digital team 03 May 2011
With RBI tightening interest rates further, it’s doubtful that the traditional occasion for new beginnings will change much in the troubled sector Friday, 6th May,...

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Moneylife Digital Team 03 May 2011
The global body expects strong growth in the use of steel in the country due to its strong domestic economy, massive infrastructure requirements and industrial expansion. Demand in developed economies slowing Steel demand in India is estimated to grow by an impressive 13.3% to 68.7 million...

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All airlines are facing cost pressures due to a rise in ATF prices. But with fares recovering and Air India pilots on strike, the summer may prove to be better than expected for private airlines Air India triggered an aggressive pricing war in the fourth quarter of FY11. Since April,...

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Moneylife Digital Team 27 April 2011
Higher input costs are eating into margins of companies and cement makers will be particularly hurt by a demand-supply gap, analysts suggest Indian cement companies' earnings will remain under pressure through the financial year 2011-12, on account of over-capacity, weak realisations and...

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Moneylife Digital Team 27 April 2011
Transfer of 3,000 employees involved in Symbian software activities may be a signal of the end of the OS that has been associated with Nokia for ages. Rival Apple's iOS and Google's Android have taken an unbeatable lead in smartphones and software, and Nokia is trying to regain market share with...

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Shukti Sarma 25 April 2011
MMTC’s plan to launch its own jewellery brand comes at a time when Indian jewellers are waking up to the potential of branded jewellery, but will the dream bear fruit? The government undertaking Minerals and Metals Trading Corporation of India Ltd (MMTC), which is the biggest bullion trader...

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Analysts expect more churn and consolidation on the road ahead in the Indian IT industry as companies rediscover themselves or reinvent to sustain growth and remain competitive The acclaimed British leader (and great orator) Winston Churchill had said, "however beautiful the strategy, you...

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Moneylife Digital Team 21 April 2011
For the full fiscal, RIL's net profit grew 24.9% to Rs20,286 crore while its total turnover increased 29% to Rs258,621 crore Reliance Industries Ltd (RIL) on Thursday reported a 14% rise in its standalone net profit on higher gross refining margin (GRM), which increased to $9.2 per barrel...

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Moneylife Digital Team 21 April 2011
During the year, refined zinc production was up by 23% at 7.12 lakh tonnes, while silver production was higher at 1.79 lakh kilogram Hindustan Zinc, a Vedanta Group firm, has reported a 42.96% jump in its net profit at Rs1,771.27 crore for the quarter ended 31 March 2011 from Rs1,238.99 crore...

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Moneylife Digital Team 21 April 2011
Brokerages estimate good growth in volumes and revenues for steel producers in the January-March 2011 quarter; warn surge in coking coal prices may hurt margins Improved realisation and volumes, and increased prices are likely to drive steel companies' earnings in the fourth quarter,...

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Moneylife Digital Team 21 April 2011
Top software services exporter reports better than expected results, on rising demand from western clients. But stock price dips on weakness in IT segment  Tata Consultancy Services (TCS), the country's largest IT software services exporter, today announced a 31.1% y-o-y increase in...

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Sucheta Dalal Sucheta Dalal 21 April 2011
Relationship between business and politics lacks transparency Rajeev Chandrasekhar, businessman and member of Parliament said recently that the relationship between business and politics (or government) in India, suffers from “haziness, lack of transparency and general shadiness.” He said...

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Google’s influence is greater than that of Microsoft, Coke or Walmart—it is the most valuable global brand Even as one was tweeting away joyously about India’s measured victory in the quarter-finals of the World Cup against Australia, an equally chirpy seven-year-old lad interrupted—“Uncle,...

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Moneylife Digital Team 20 April 2011
Company’s IPO prospectus says it cannot compare the promise and performance of Galaxy Entertainment because it does not have the IPO records of Galaxy which are legal documents. Still, SEBI has cleared the Future Ventures’ prospectus, unaware of the irony Future Ventures India Limited, the...

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Moneylife Digital Team 20 April 2011
Swan Telecom director Vinod Goenka, Unitech Wireless (Tamil Nadu) managing director Sanjay Chandra, and three top officials of Reliance ADAG Gautam Doshi, Surendra Pipara and Hari Nair taken to Tihar Jail after Special Court concurs with CBI that they could hinder the smooth progress of...

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Moneylife Digital Team 20 April 2011
Net profit in fourth quarter grows 62% to Rs516 crore on lower bad loans provisioning and higher interest income; RM Malla, chairman and managing director, sets 40% growth target for retail deposits IDBI Bank will continue to increase the corporate loan business, but focus more on the retail...

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Sucheta Dalal Sucheta Dalal 19 April 2011
The only woman director on the board of Infosys Technologies quit last year, and the usually politically-correct company does not have a single woman on the board of the company or its subsidiaries It is considered to be a company with the highest standards of corporate governance, best...

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Moneylife Digital Team 19 April 2011
TV Mohandas Pai quit because of internal squabbles and not, as he said, because he wants to serve the country. Moneylife pieced together the picture from circles close to the company Given that the wealth of all its promoters remains substantially locked in the company, team Infosys puts on...

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