COMPANIES & SECTORS


Moneylife Digital Team 28 July 2011
Services disappear—no more ‘world class’ gourmet cuisine and dwindling on-flight facilities—as the carrier is finding it difficult to get on top of its mounting debt pile. How long will the carrier’s customer support keep the show going on? Kingfisher Airlines has been known for its superb...

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Is it appropriate for a company, established to provide access to finance to low-income people, to lend to its promoter and managing director to buy shares in the same company at par value? Consider yourself as an institutional/retail investor in a micro-lender and you may have bought equity...

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The small, full-forward mini-pickup has become the visible face of the new Indian auto evolution—just like what the Maruti 800 and Omni vans managed about 20-30 years ago There have been a lot of big-bang launches lately from the likes of Chevrolet and Ford. But what many might have missed is...

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Self-regulation in the microfinance business has not worked for various reasons. Most importantly, it involves the distribution of small sums, almost totally in cash, to people who are vulnerable, and in areas so widely spread out that it is quite impossible to ensure fairness on a day-to-day...

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The RBI and the Union Finance Ministry must provide clear guidelines on the appointment, roles, compensation and evaluation of independent directors for microfinance companies, critical for effective and ethical operations As the Reserve Bank of India (RBI) and the Union Ministry of Finance...

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Moneylife Digital Team 22 July 2011
Den, promoted by a key member of the TV18 team, Sameer Manchanda, is down almost 70%. Even news of a joint venture with Turner hasn’t helped After its high-profile IPO (initial public offering) in 2009, Den Networks, promoted by a key insider of the TV18 group (Den's chairman and managing...

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Moneylife Digital Team 22 July 2011
Company plans to use these kits at its institutes initially, and subsequently sell them commercially Jetking, one of India's leading computer hardware training institutes, today launched 'Jet Tab', a unique do-it-yourself (DIY) tablet PC, which it believes could replace desktops in the...

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A long list of instances of failures of microfinance institutions holds several important lessons for the RBI and the finance ministry on the regulation and supervision of the sector SKS Microfinance was in the news recently and this concerned cash embezzlements and frauds for the financial...

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Moneylife Digital Team 21 July 2011
Pune-based NGO believes this will enable the better use of natural gas instead of oil and enhance energy security and revenues Natural gas should be used for transport and cooking rather than for base-load power generation, which would allow gas pricing to be freed and help reduce subsidies,...

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Moneylife Digital Team 21 July 2011
The company says it wants to get the HSBC Bank repayment case out of the way. Will also file Rs20 crore defamation and damages case against the bank Compact Disc India (CDIL) has put on hold its delisting plan, pending the resolution of a dispute with HSBC Bank, and this is hurting investors...

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Moneylife Digital Team 21 July 2011
A new research alleges that Reliance Industries and Reliance Communications have shortchanged investors by over Rs25,000 crore at the RCom formation and that profits have been inflated at RCom between 2006-2010 by almost Rs11,000 crore A new research just released by Veritas Investment Research...

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Moneylife Digital Team 20 July 2011
Crisil Ratings says stagnant growth in metros is leading jewellery retailers to push expansion in Tier-II and Tier-III centres. This is expected to put pressure on funding Branded gold jewellery retailers are increasingly getting into small cities and towns to expand their business, which has...

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Rules and regulations are not enough. They must be implemented. Sadly, recent episodes have shown that even independent directors stayed silent when rules were violated Very often, people look at high-profile membership of the board as a surrogate for good corporate governance, and...

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Asset reconstruction companies in India are very different from the global model and they have been operating contrary to the purpose they are meant to fulfil The top headline in a financial newspaper on Monday reported a seemingly-sensational matter of leading asset reconstruction companies...

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Moneylife Digital Team 18 July 2011
Brokerages say high property prices curbing sales growth; higher costs of inputs and funds putting pressure on margins The performance of the real estate sector will remain subdued due to low sales and execution on account of high property prices in the first quarter of 2011-12. Margins will...

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There are critical lessons from the crises we have suffered over the past two decades, that the authorities will do well to learn from, as they plan the course ahead for the microfinance sector The Union Ministry of Finance is in the process of formulating a bill to regulate micro-finance,...

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Moneylife Digital Team 15 July 2011
Brokerages say uncertain business conditions, regulatory hurdles for various projects and higher borrowing costs continue to hurt heavy engineering firms The capital goods sector continues to be troubled by postponement of capex decisions by companies in uncertain business conditions,...

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Every car has them, but security is still a concern Have you seen how what was ‘luxury’ and ‘exclusive’ a year ago, is now basic and readily available, across all levels in the automobile world? Airbags, LEDs (light-emitting diodes), keyless start, internal electronics, leather seats and...

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The government is unclear about who will regulate the proposed Noida Grand Prix. Preparations are also behind schedule. Will we ever learn from our past sports fiascos? The big news in the motor sports world has to be the flip-flop over the Noida and Bahrain F1 Grand Prix. At one stage, a...

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Property rates are exorbitant, inventories are piling up. But this sector could offer some good picks—if there is a revival Everyone seems to believe that real-estate prices in the metros are likely to correct downwards significantly. This is also borne out by the fact that the execution of...

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