COMPANIES & SECTORS


Moneylife Digital Team 15 April 2013
DCB Bank added five new branches during the quarter, taking FY13 additions to 10 new branches, says Nomura Equity Research in its Quick Note. DCB (Development Credit Bank) Bank reported over 50% year-on-year earnings growth for the 11th consecutive quarter, helped by stronger NIMs, (net...

Read More



Moneylife Digital Team 15 April 2013
For FY13, Tata Motors has achieved volumes of 372,062 units from its JLR arm—largely in line with estimates, says Nomura Equity Research in its Quick Note JLR’s (Jaguar Land Rover) wholesale volumes came in at 42,682 units in March 2013; up 17% year-on-year. This was largely in line with the...

Read More



Moneylife Digital Team 15 April 2013
Has ED Ajay Gupta quit? Is there something going on in Commercial Engineers & Body Builders Co (CEBBCO) that the public and shareholders do not know about? After Moneylife’s write up on CEBBCO’s sharp fall in stock price (CEBBCO, promoted heavily by several broking firms including Enam,...

Read More



In 5 out of 8 quarters, analysts have been horribly wrong about Infosys’ results, leading to a huge gap-down opening including today. What a huge fall for a company that once declared that "under-promise and over-deliver" was its strategy   Infosys shares fell by over 21% from...

Read More



Moneylife Digital Team 12 April 2013
A new report released by Credit Suisse has revealed that roads and railways are likely to drive up demand for cement, albeit at a gradual pace over the next 12 months Indian cement sector is poised to pick up, albeit gradually during FY 2014 and it is expected that the the next 12 months...

Read More



Moneylife Digital Team 12 April 2013
Nomura Equity Research, in its earnings preview for the financial sector, has forecast a 22.3% y-o-y PAT growth for private banks and a negative 13% growth y-o-y for PSU banks in the fourth quarter of the 2012-13 fiscal Nomura Equity Research, in its earnings preview for the financial...

Read More



Moneylife Digital Team 12 April 2013
Indian steel companies would continue to see a tough quarter. The key issue facing the industry is the weaker domestic steel demand which has kept the domestic prices under pressure, according to Nomura Equity Research in its Quick Note In the Indian steel sector seasonal strength should...

Read More



Moneylife Digital Team 12 April 2013
Weaker LME prices are likely to keep profitability under pressure for Indian non-ferrous companies, says Nomura Equity Research in its Quick Note Indian non-ferrous companies should see an improved quarter on the back of higher production; however weaker LME (London Metal Exchange)...

Read More



Moneylife Digital Team 12 April 2013
The IT major said consolidated revenue for the quarter under review, however, rose 18 per cent y-o-y to Rs10,454 crore and flat (0.3%) sequentially IT services major Infosys reported net profit of Rs2,394 crore for fourth quarter of fiscal 2012-13, registering a marginal 3.4%...

Read More



Moneylife Digital Team 10 April 2013
In 2012-13, sales of passenger cars fell to 18,95,471 units from 20,31,306 units in the previous fiscal Passenger car sales in India are forecast to grow 3%-5% in the ongoing fiscal on expectations of an improvement in overall macro-economic conditions, despite witnessing a fall of 6.69%...

Read More



Moneylife Digital Team 10 April 2013
Financial health of companies in the oil and gas sector is under a cloud. Will the government help out, asks Nomura Nomura Equity Research, in its fourth quarter earnings preview for the Indian oil & gas sector believes that upstream public sector units (PSUs) are expected to report weak...

Read More



Moneylife Digital Team 09 April 2013
If Subrata Roy and three other promoters, directors of Sahara fail to appear before SEBI on 10th April, the market regulator would ex parte settle the terms of proclamation of sale of their and the companies' assets   The Securities and Exchange Board of India (SEBI) has summoned...

Read More



Moneylife Digital Team 09 April 2013
Sources said the resource found may be significantly more than RIL’s pre-drill best case gross prospective resource of 819 billion cubic feet of gas and 56 million barrels of liquids for the well   Reliance Industries (RIL) has encountered natural gas in the first exploration well it...

Read More



Moneylife Digital Team 09 April 2013
Indian steel stocks have been amongst the worst performing steel stocks globally during last 3-6 months on the back of weaker domestic demand environment and deterioration in profitability, says Nomura Equity Research in its Quick Note As per JPC (Joint Plant Committee), Indian steel...

Read More



Moneylife Digital Team 09 April 2013
The acquisition will enhance TCS’ ability and footprint to service its customers in France and other regions in Europe IT services major Tata Consultancy Services (TCS) said it will acquire France-based enterprise solutions provider Alti SA for 75 million euro (about Rs533 crore) in an...

Read More



Moneylife Digital Team 08 April 2013
The resignations come at a time when the Sahara group is fighting an intense battle with market regulator SEBI over issues related to refund of over Rs24,000 crore to an estimated three crore bondholders of its two companies Amid a fierce regulatory battle with the Securities and...

Read More



Moneylife Digital Team 08 April 2013
A barcode helps in tracking and tracing of origin of drugs, which in turn helps in minimising the chances of genuine drugs being considered spurious, sub-standard or counterfeit. The Indian government has extended the deadline for affixing barcodes on primary level packaging by...

Read More



Moneylife Digital Team 08 April 2013
The Bombay High Court also asked MTNL to pay electricity charges as per the tariff rate applicable for commercial consumers from June 2009 onwards The Bombay High Court on Monday upheld the decision of BrihanMumbai Electric Supply and Transport (BEST) to categorise telephone exchanges of...

Read More



Moneylife Digital Team 08 April 2013
The Kalmadi promoted and now de-listed company has 1,479 minority stakeholders who together own 5.48%, while 23 people from the promoter group own the rest. In order to buy out fractional shares from minority stakeholders, Sai Service is increasing face value of its share to Rs25,000 from...

Read More



Moneylife Digital Team 08 April 2013
DoT last Friday asked Bharti Airtel to end its 3G roaming pact with Idea Cellular and Vodafone under which the three firms on quid pro quo basis have been selling 3G services in telecom circles where they hold spectrum for the same The Department of Telecom (DoT) is seeking to invoke...

Read More

Free Helpline
Legal Credit
Feedback