COMPANIES & SECTORS


Moneylife Digital Team 18 July 2013
After its share price plummeted 13% in the last few days Yes Bank sent a mailer to all its “valued” shareholders” citing broker research reports to hold on to their dear stock even as it prepares to declare quarterly results. Is SEBI concerned at all? In a strange move, Yes Bank...

Read More



Moneylife Digital Team 17 July 2013
As of 30 June 2013, HDFC Bank's portfolio quality remained healthy, with gross non-performing assets (NPAs) at 1% of gross advances and net non-performing assets at 0.3% of net advances   Private sector lender HDFC Bank on Wednesday reported 30% growth in net profit at Rs1,843.86...

Read More



Moneylife Digital Team 17 July 2013
The apex court said that the high court and SAT shall not pass any order relating to its direction to Sahara group to refund Rs24,000 crore to investors    The Supreme Court today hauled up the Securities Appellate Tribunal (SAT) for restraining the Securities and Exchange Board of...

Read More



Moneylife Digital Team 17 July 2013
Development Credit Bank added seven new branches during the quarter, taking the total to 101 branches during the quarter, says Nomura Equity Research   Development Credit Bank (DCB) continued its impressive run, with its twelfth consecutive quarter of 50%-plus y-o-y earnings growth...

Read More



Moneylife Digital Team 17 July 2013
Recent RBI measures to tighten domestic liquidity conditions will be negative for economic growth outlook and will raise short-term interest rates, leading to poor credit growth for vehicle purchases, says Nomura Equity Research   The recent rise in fuel prices (along with the...

Read More



Moneylife Digital Team 17 July 2013
The first company to get listed on the NSE’s SME platform, EMERGE, is showing promise as it announces a dividend and bonus shares in its first year of listing. The ambitious company, with decent fundamentals, is also rapidly expanding abroad   Thejo Engineering, the first company to...

Read More



Moneylife Digital Team 17 July 2013
Investments in new themes including social, mobile, analytics and cloud (SMAC) are likely to be from multinational IT companies, concludes Nomura Equity Research   Near-term focus in the information technology (IT) sector in Nomura’s view is likely to remain more towards traditional...

Read More



Moneylife Digital Team 16 July 2013
The South West District Consumer Disputes Redressal Forum directed HPCL and its distributor to jointly and severally pay Rs50,000 as compensation to Delhi resident Dinesh Kumar State-owned refining and marketing major Hindustan Petroleum Corporation (HPCL) and one of its distributors...

Read More



Moneylife Digital Team 16 July 2013
As per the bourses, the move is part of the “surveillance review and with a view to ensure market safety and safeguard the interest of investors” Leading bourses BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) on Monday decided to shift securities of several firms,...

Read More



Moneylife Digital Team 15 July 2013
Sunil Gupta is an auditor and director of several companies related with former minister Pawan Bansal's son and nephew. He is serving on the Canara Bank board since 2007, first as government nominee director and later as shareholder director State-run lender Canara Bank is electing three...

Read More



Coal India has something like $6 billion in cash reserves that can be used to obtain good quality assets abroad and be gainfully spent within the country. It should also avoid venturing into unknown foreign assets and instead outsource domestic mines India needs annually about 600...

Read More



Moneylife Digital Team 12 July 2013
Infosys quarterly net profit dipped, barely met analysts estimates but the stock price reacted differently and jumped instead giving way to speculation for a stock that was once consistent On its results day, Infosys has once again moved the market. Last time (12th April), it had taken...

Read More



Moneylife Digital Team 12 July 2013
Ford India said that no accidents or injuries have been reported related to the issue and this is a proactive, voluntary recall action to ensure customers’ safety and satisfaction US auto major Ford on Thursday said it is recalling the diesel variants of its newly launched compact SUV...

Read More



Moneylife Digital Team 12 July 2013
Nomura believes the House not taking up the Senate immigration bill is a temporary reprieve for the Indian IT sector as: 1) in a larger comprehensive bill the high skilled visa related provisions could have slid through without much opposition, 2) the Skills Visa Act introduced in the House...

Read More



Moneylife Digital Team 12 July 2013
While, Infosys kept its dollar revenue guidance unchanged at 6%-10% for this fiscal, it revised its rupee revenue guidance upwards to 13%-17% from 6%-10% for the same period IT major Infosys on Friday reported a 3.7% increase in consolidated net profit to Rs2,374 crore for the first...

Read More



Moneylife Digital Team 11 July 2013
Reported net profit of private IPPs (excluding Reliance Power) would be dented by the significant rupee depreciation against the dollar during the current quarter, says Nomura Equity Research Nomura Equity Research expects IPPs (including NTPC) and Coal India (CIL) to post a sub-par show...

Read More



Moneylife Digital Team 11 July 2013
In a renewed effort to fire up the infrastructure sector, the prime minister recently announced plans to award mega projects worth Rs1.15 trillion (around $19 billion) through the PPP model by the end of FY14 With the exception of Gujarat Pipavav Port and L&T to an extent, Nomura Equity...

Read More



Moneylife Digital Team 11 July 2013
ITC and Emami are preferred picks going into the results season. However, Nomura is cautious on Hindustan Unilever and Jubilant Foodworks   Nomura Equity Research , in its preview of the consumer sector, said, “We expect a quarter of stable earnings performance for 1QFY14F with a...

Read More



Moneylife Digital Team 11 July 2013
Nomura believes that the IndusInd Bank's expanding branch network, increasing branch density, increasing ticket size of SA deposits and deposit productivity should help drive the bank’s growth IndusInd Bank reported 1QFY14 PAT growth of Rs3.35 billion, up 41.7% y-o-y versus Nomura Equity...

Read More



Moneylife Digital Team 11 July 2013
Rose Valley is the third major entity from Kolkata to face action in recent months for running Ponzi schemes. SEBI has also clamped down on the Saradha group and Sumangal Industries In a fresh Ponzi clampdown, the Securities and Exchange Board of India (SEBI) on Wednesday barred...

Read More

Free Helpline
Legal Credit
Feedback