COMPANIES & SECTORS


Debashis Basu  and   Pratibha Kamath  and   Vishrut Patel 07 April 2014
Over six trading days, prior to the announcement of its acquisition by Sun Pharma on Monday, Ranbaxy shares rallied 34%. Could it be a case of insider trading? On 7th April, Ranbaxy Laboratories Ltd (Ranbaxy) announced about its acquisition by Sun Pharmaceutical Industries Ltd (Sun...

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Moneylife Digital Team 07 April 2014
CVC Pradeep Kumar requested the Supreme Court to allow him to withdraw from the coal scam cases as he had worked with the coal ministry as a joint secretary during 2003-06 Pradeep Kumar, the chief of Central Vigilance Commission (CVC) has requested the Supreme Court to allow him to...

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Since 1953, the Tata group has been trying to get back into aviation. Now it is ready with not one but two partners, Singapore Airlines and Air Asia to take the skies again. The re-entry of Tatas also brings some sense of relief and responsibility in the airline business The Tatas love...

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Moneylife Digital Team 03 April 2014
During March, auto volumes in passenger vehicles remained steady while two-wheeler and commercial vehicles reported better sales, says Nomura Auto volumes in March did not show any negative surprises and were mostly in line with expectations from research analysts. "Domestic car...

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Moneylife Digital Team 03 April 2014
A Court in the US held Prithvi Information Solution and its associates guilty for $17 million fraud to Kyko Global Inc. On failure of payment, the Sheriff seized and auctioned personal assets of the company founder Madhavi Vuppalapati Following directions from a US District Court to...

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Moneylife Digital Team 02 April 2014
The apex court agreed to withdraw Spigelman following contention from Indian government about his name being mentioned in the list proposed by RIL as an independent arbitrator earlier The Supreme Court on Wednesday withdrew the name of Australian James Spigelman, former Chief Justice and...

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Moneylife Digital Team 02 April 2014
The order comes after Samsung chairman moved the Supreme Court seeking to quash a criminal case and non-bailable warrants issued against him The Supreme Court asked Lee Kun-hee, chairman of Samsung Electronics to appear before a trial court at Ghaziabad in a cheating case.   A...

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Airlines need to extend cooperation with other carriers in business. But should they decide to choose or act in the manner of ‘survival of the fittest’, God save the rest! SpiceJet's low offer of fare rate at Re1, with conditions attached, met a negative response from the Director...

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It may be presumed that Reliance will have to continue its supplies of gas, "on account basis", because, so far, no clear announcement has been made as to what would happen to pricing of natural gas It took several months of negotiation. From a high production, the fall in gas supplies...

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Moneylife Digital Team 31 March 2014
Mahindra group has merged its subsidiary, Mahindra Truck and Buses Ltd with its M&M Ltd for achieving greater synergy business Mahindra & Mahindra Ltd (M&M), one of the largest tractor manufacturers in the world, has informed in a regulatory filing that it has completed the merger of...

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The new government may take months before the roadblocks to resume full-scale production We had recently covered various issues relating to the coal production in the country and the enormous difficulties that the exclusive monopolistic producer, Coal India, faces in its day to day...

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Last year, SEBI stopped the SMS menace of SMS Techsoft when it found the company promoters and directors using this to offload their shares. This week, there is a surge in volume in Patidar Buildcon shares after ‘intra-day tip’ SMSes. Is SEBI aware about this? As the stock markets are...

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Piped gas from Myanmar is far more realistic and practical than expecting the Iranian gas to travel through Pakistan to reach India Although the question of upward revision of gas prices has been going on for more than a year, and is in line with the contractual obligation, and duly...

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Moneylife Digital Team 26 March 2014
Being an election year, domestic revenues for Tata Consultancy Services are expected to decline in March quarter, thus impacting its overall growth, says SBI Cap Securities Demand environment for Tata Consultancy Services (TCS) would remain as there is an improvement in discretionary...

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Moneylife Digital Team 25 March 2014
Tata Power is raising about Rs2,000 crore through a rights issue for paying its debts and capital expenditure. The issue is priced at Rs60 per share, including a premium of Rs59 a piece Tata Power Co Ltd said it would raise about Rs2,000 crore through a rights issue for paying its debts...

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Moneylife Digital Team 24 March 2014
According to Nomura, while Infosys and TCS would show soft growth, other companies like HCL Technologies, Wipro and Tech Mahindra would show stronger growth during the March quarter Tata Consultancy Services (TCS) and Infosys, the country’s too two IT companies, are likely to report soft...

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Moneylife Digital Team 21 March 2014
Tulip Telecom’s chairman and managing director HS Bedi was arrested for allegedly evading service tax of Rs32.16 crore HS Bedi, chairman and managing director (CMD) of Tulip Telecom Ltd is arrested for allegedly evading service tax of Rs32.16 crore. A case has been registered against...

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Moneylife Digital Team 19 March 2014
Unless there is much volatility in the rupee, margins can be maintained within its guided range of 26%-28% for Tata Consultancy Services, according to Nomura in its research note Tata Consultancy Services (TCS) was the biggest loser today, falling 3.84% to close at Rs2,040.95. TCS said...

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Moneylife Digital Team 19 March 2014
With more steel capacity coming on stream, the iron ore shortage will only increase. CARE Ratings suggest a control on iron ore exports With the curb on illegal mining in two major iron ore producing states (Karnataka and Goa accounting for more than 35% share of the domestic...

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Moneylife Digital Team 19 March 2014
If you look beyond CY14F, Mahindra and Mahindra looks attractive, forecasts Nomura Mahindra and Mahindra expects 8%-10% volume growth for both UVs (utility vehicles) and tractors in FY15. For autos, while the new launch cycle will begin in 2015, some major refreshes are planned in 2014....

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