COMPANIES & SECTORS


Moneylife Digital Team 01 December 2010
The steel plant of Ispat Industries at Dolvi, Maharashtra has been closed for over a month due to a cash crunch. But the company has not bothered to inform the stock exchanges Ispat Industries, which has been subjected to a massive countrywide raid by the revenue intelligence wing of the...

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Alekh Angre 30 November 2010
About 30-40% of the grape crop is estimated to have been damaged in grape-growing areas of Maharashtra, compounding the wine industry’s problems Unseasonal rain showers have damaged crops in many parts of Western India. Much of this loss has been in Maharashtra where onions, soybeans and grapes...

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Alekh Angre 30 November 2010
After slipping back over the past couple of years, the tourism industry is seeing a turnaround with a significant growth in foreign tourist arrivals this year. And the industry is expecting it will get still better this season The tourism industry is expected to bounce back this year, after...

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Moneylife Digital Team 25 November 2010
Real estate valuations are opaque and the government had openly supported the sector after the financial crisis. The current real estate scam is the outcome of these two factors, say experts The arrest of eight officials from public sector banks and financial companies for allegedly taking...

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Moneylife Digital Team 24 November 2010
LIC Housing Finance and banks are suspected to have given fake loans to individuals which landed in the accounts of a few builders. The deals were supposed to have been arranged by FII-funded Money Matters Financial Services Following the raids by the Central Bureau of Investigation (CBI) on...

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Moneylife Digital Team 24 November 2010
Money Matters Financial Services Ltd. which raised Rs445 crores in November from four top foreign investors, has been under a CBI raid since last night Money Matters Financial Services Ltd. (MMFSL), a Mumbai-based non-banking finance company (NBFC) was raided by a large team of officials from...

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Moneylife Digital Team 23 November 2010
The diversified company had put too much on the line with its ambitious cement foray, hurting its profitability. The proposed sale will give it some room to breathe Nagpur-based diversified company Murli Industries Limited (MIL) is close to offloading its cement division to Mexico's Cemex, the...

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Moneylife Digital Team 23 November 2010
Property advisors and researchers say residential property sales are slipping in the commercial capital due to high rates. With inventories piling up they expect to see a correction soon Residential property rates in Mumbai should correct by 10%-may be even more-in the next few months,...

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Veeresh Malik Veeresh Malik 22 November 2010
While countries like Germany are already well on the path to tap renewable energy sources to fuel their autos, they continue to push diesel-powered guzzlers in India. However, a few Indian manufacturers are honing their electric vehicles for the domestic and global markets Environment minister...

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Yogesh Sapkale Yogesh Sapkale 19 November 2010
Even as Tata Motors is offering the small car for open sales in a few more states, many customers from the initial one lakh group are still waiting to receive their vehicles Tata Motors Ltd, India's largest vehicle manufacturer by revenue, is yet to complete the delivery of its small car,...

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Debashis Basu Debashis Basu 18 November 2010
As Enam promoters bow out with one of their greatest trades ever, high-risk financial takeovers by banks a la Wall Street invades India Axis Bank, which has so far stayed away from the stock-broking business and has had an insignificant presence in the investment banking business, is paying...

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Moneylife Digital Team 18 November 2010
Brokerage says banks purchasing loan pools from MFIs under pressure The Andhra Pradesh government's ordinance to curb the activities of microfinance institutions (MFIs) has resulted in a wave of apprehension in the industry which is suffering from an acute financial crisis following a steep...

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Debashis Basu Debashis Basu 18 November 2010
Investors sell Axis Bank shares, the day after it announced the acquisition of Enam’s businesses. This is because commercial banks have a horrible post-takeover record of running investment banks The market has given a thumbs down to the Axis takeover of the high-profile but intensely private...

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Munira Dongre 15 November 2010
HSBC says its time to buy private sector banks over public sector banks based on better bottom-line performance, quality of growth, higher margins HSBC Global Research says the time is right for private banks to start outperforming PSUs. In a report dated 11th November, it underscores this...

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Munira Dongre 15 November 2010
 In two separate reports, broking firms Religare and Macquarie talk about rising PLFs in October and concerns of global investors about fuel supply risk and the increasing losses by state electricity boards. Both agree that merchant power prices will be under pressure In a recent report to its...

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Moneylife Digital Team 11 November 2010
The financial performance of India Inc in the September quarter has been decent, albeit slightly lower than anticipated. Steel products, real estate and auto ancillaries posted robust growth while cement and IT companies fell short A large part of the widely-anticipated Q2 earnings season is...

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Moneylife Digital Team 10 November 2010
Funded by a renowned PE firm New Silk Route, financial services provider Destimoney Securities is looking to make further inroads in a highly competitive environment The attractive yet cutthroat world of retail financial services and distribution is like a rainbow being chased by companies big...

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Moneylife Digital Team 09 November 2010
The sustained decline in profitability of the bank, coupled with the additional impact of further provisioning on its books is of grave concern for shareholders Kerala-based Dhanlaxmi Bank is treading on choppy terrain these days, if its financials are anything to go by. The lender's...

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Moneylife Digital Team 09 November 2010
Natural calamities that have occurred in Asia recently will create some pressure on prices till the end of December, according to the investment banker Investment bank Goldman Sachs has said that it expects steel prices to remain under pressure till the end of this year due to adverse weather...

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Moneylife Digital Team 08 November 2010
It expects to generate Rs40 billion from its planned follow-on public offer; admits that a few of its urban projects have been held up due to resistance from locals Power Grid Corporation of India Ltd, the government-run entity which controls nearly 95% of India's inter-state and inter-regional...

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