COMPANIES & SECTORS


In probably the first such action in India, NDTV, through its law firm Amarchand Mangaldas has sent a legal notice to Sanjay Dutt, who holds a 1% stake in the broadcasting company for raising questions about its corporate policies and practices In June, Moneylife wrote how Sanjay Dutt,...

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Moneylife Digital Team 24 July 2013
Macroeconomic headwinds, longer execution cycle and poor margins are big hurdles that L&T needs to clear their huge order book backlog, which is a daunting task, according to the brokerage Larsen & Toubro is going through a difficult phase, with margins and execution both weakening...

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Moneylife Digital Team 24 July 2013
On back of strong growth across categories, Dabur, the fast moving consumer good company posted good numbers in June quarter despite high inflation and reduced discretionary spending   Dabur, which is part of Moneylife’s Stockletter pick, has posted a net profit of Rs130.89 crore for...

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Moneylife Digital Team 24 July 2013
Despite reporting 38% higher net profit in first quarter on robust revenues as well as lower bad debts; Yes Bank failed to cheer market as its share fell by over 12% to Rs383.3 Yes Bank saw its first quarter net profit grew 38% to Rs400.84 crore as against the Rs290.14 crore, same period...

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Moneylife Digital Team 24 July 2013
Liquidity tightening measures by the central bank will affect banks’ ability to use the repo window. These measures aimed at curbing forex speculation against the Indian rupee are unlikely to have a large negative effect on banks, says Nomura Nomura Equity said it believes that the...

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Moneylife Digital Team 24 July 2013
The apex court while directing two companies of Sahara group to inform about the date to refund investors' money also issued contempt notice on a petition filed by SEBI against the Subrato Roy-led companies The Supreme Court on Wednesday issued a fresh contempt notice to Sahara India...

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Moneylife Digital Team 24 July 2013
The inescapable inference from the facts is that the election of shareholder directors in all public sector banks is a farce or just a backroom manoeuvre to get persons of its choice on board. It is time for the government, RBI and SEBI to frame rules for election of shareholder directors

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Moneylife Digital Team 23 July 2013
The flagship company of the Shriram group has reported benign first quarter results, with profit just rising by 5.96% due to challenging automotive market and a sluggish trucking market   Net interest income of Shriram Transport Finance Company, for the quarter ended 30th June...

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Moneylife Digital Team 23 July 2013
Relatively lower gold prices and pick up in demand boosted net sales, but it wasn’t enough for Thangamayil Jewellery to stem the steady decline in operating profit Thangamayil Jewellery saw its net sales rise 19% year-on-year (y-o-y) during the first quarter, helped by relatively lower...

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Moneylife Digital Team 23 July 2013
For the June quarter, Greenply, the country’s largest interior design company, has reported positive results amidst economic uncertainty. Both sales and net profit increased by 11.6% and 25.6%, respectively. The stock has caught the fancy of foreign institutional investors Greenply...

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Moneylife Digital Team 23 July 2013
Nomura expects continued growth momentum from Zee Entertainment in 1QFY14, while for Dish TV it expects higher concentration of content cost which will subdue the quarterly operating outcome   In the media sector, Zee Entertainment is expected to have robust growth momentum led by...

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Moneylife Digital Team 23 July 2013
Every 1% of rupee depreciation can lead to 30 basis points margin expansion and around 1.5% increase in EPS, estimates Nomura Equity Research in its report on Bajaj Auto Bajaj Auto’s 1QFY14 adjusted margin came in at 20.4% compared to Nomura Equity Research’s estimate of 18.6%, leading...

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GSPC still needs to obtain various clearances relating to environmental and coastal regulatory zone clearances for laying some 10 km underground pipeline and commissioning of the onshore terminal Although Gujarat State Petroleum Corporation (GSPC) struck gas in the KG (Krishna-Godavari)...

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Moneylife Digital Team 22 July 2013
Prime Securities is a stockbroking company in which ‘promoters’ have no shares! It is running a PMS where investors stand to lose money because SEBI’s mulish attempt to keep PMS performance hidden. How much worse can it get? Prime Securities, a Mumbai-based brokerage, promoted by former...

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Moneylife Digital Team 22 July 2013
Why are lenders to Kingfisher Airlines reluctant to sell shares even though they are entitled to do so? The consortium of lenders, which includes State Bank of India (SBI), ICICI Bank, Axis Bank, which lent money to the beleaguered Kingfisher Airlines (KFA) in exchange for pledged

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Moneylife Digital Team 22 July 2013
The trial court had on 19th July said that the CBI’s plea to summon Anil Ambani, Tina and 11 others as prosecution witnesses was essential for arriving at a just decision in the case Reliance Telecom (RTL) today moved the Supreme Court challenging trial court’s order summoning Reliance...

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Nitin A Khandkar 22 July 2013
After the market closed on 18th July, Bajaj Corp announced an offer for sale at Rs200. Strangely, during the day, the stock had already fallen from Rs264 by as much 10% on huge volumes. Will SEBI continue to sleep? Or will its officers find out the details and “settle”?   Bajaj Corp...

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Moneylife Digital Team 19 July 2013
HDFC reported 17% growth in its first quarter net profit on healthy loan book growth and stability witnessed on the spreads Housing Development Finance Corp (HDFC), the country's largest home loan provider reported a a 17% higher net profit for the first quarter due to strong demand for...

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Moneylife Digital Team 19 July 2013
SEBI as well bourses NSE, BSE and MCX-SX has decided to suspend 'unique client codes' of the 26 entities, including Gitanjali Gems' managing director and Prime Securities from trading for six months due to suspected market manipulation Market regulator Securities and Exchange Board of...

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Moneylife Digital Team 18 July 2013
Poor revenues on account of lower volumes, discount on trucks, higher fixed costs and increasing finance costs negatively impacted the bottom line of the company. After disappointing Q4FY13 results Ashok Leyland reports a net loss of Rs141.75 crore in Q1FY14. This was the first time...

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