COMPANIES & SECTORS


Moneylife Digital Team 17 September 2013
The infrastructure major has divested 74% of its 73km long road project in Tamil Nadu—GMR Ulundurpet Expressways Private Limited (GUEL)—to IDFC-owned India Infrastructure Fund In line with GMR Group’s ‘Asset Right and Asset Light Strategy’, GMR Highways Ltd has signed a definitive...

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Moneylife Digital Team 16 September 2013
Omnesys NEST trading platform has a market share of 20% in India. With the acquisition, Thompson Reuters plans to offer a portfolio of integrated solutions for exchange traded instruments to its customers Information services provider Thomson Reuters has bought Omnesys Technologies Pvt...

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Moneylife Digital Team 16 September 2013
Lupin’s US unit will soon commence marketing the tablets used for the treatment of insomnia characterized by difficulties with sleep onset or sleep maintenance Pharmaceutical company Lupin Ltd (Lupin), said it received a final approval for its Zolpidem Tartrate extended - release tablets...

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Moneylife Digital Team 16 September 2013
Asia Index, the JV between BSE and S&P Dow Jones aims to an array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies The BSE (erstwhile Bombay Stock Exchange) and S&P Dow Jones have formed a joint venture, 'Asia Index' to provide an array...

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With substantial amounts of coal deposits, which are sitting pretty and not developed well despite fuel shortages, we are talking in terms of spending time, money and energy on items like shale gas. This makes one wonder if the government is really serious about environment issues, which are...

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Moneylife Digital Team 12 September 2013
Although domestic car sales grew 15.4% and two-wheelers by 3.8%, all other segments experienced drop in sales during August. Even car sales growth is attributed to low base effect from last year Notwithstanding the 15.4% growth in domestic car sales and 3.8% increase in monthly sales for...

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Moneylife Digital Team 11 September 2013
Jaypee group has been trying to monetise Jaypee Cement's assets in Gujarat since past year UltraTech Cement, the country's largest cement producer said it would buy 51% stake in Jaypee Cement Corp's unit in Gujarat for about Rs4,000 crore.   Jaypee Cement's Gujarat facility has a...

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Moneylife Digital Team 11 September 2013
Hindustan Unilever has products in soaps, detergents and skincare, and in discretionary segments like packaged foods and water purifiers. It will be affected adversely by the slowdown in the consumer sector, says SBICAP Securities With the economic growth tapering down to 4% for India,...

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After laying more than 70kms of gas pipeline on farmland, the Tamil Nadu government wants GAIL to reroute the laying process and align it with highways. This entails several risks, that of safety, security and maintenance State-run GAIL (India) Ltd is the largest gas transmission and...

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The CAG discovered crores of rupees vanished at the Railways due to the twin-freight policy! There is a need to be practical in plugging loopholes in freight rate, which leads to such malpractices   The Comptroller and Auditor General (CAG) has discovered the tip of the freight...

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Moneylife Digital Team 10 September 2013
Westlife Development, which recently completed the acquisition of Hardcastle Restaurants, a franchisee of McDonald’s Restaurants, suddenly suffers a drop in price after being locked in an upper circuit almost non-stop since January 2009.   The stock price of Westlife Development...

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Moneylife Digital Team 06 September 2013
According to ICRA, a weak macro environment, large rupee depreciation, vulnerability of a large number of infrastructure projects and the rising yields will have significant bearing on the earnings and asset quality of banks in India in FY14 Ratings agency ICRA has said that declining...

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What are the one thing should you look for in a hatchback? Should you rent out a vehicke? And how can you reduce costs by going online? Maruti launched a revamped version of their Wagon-R, called Stingray, a few days ago. At first glance, it will resemble the trend set off by the Ford...

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Coal India could explore the possibility of buying wagons from the Indian Railways, and forge a mutually beneficial partnership that could lead to long-term benefits For the aam aadmi, the best and the cheapest means of transport is none other than the ones provided by the Indian...

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Moneylife Digital Team 04 September 2013
A Rs5-6/litre diesel price increase is likely, after Parliament session ends this week, forecasts Nomura in its research note on the oil sector OMCs (oil marketing companies) are loath to raise prices while Parliament sessions are on. However, last weekend there were price hikes (petrol...

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Moneylife Digital Team 04 September 2013
RBI has taken away the last funding resource from developers, which may lead to cracking of the realty sector that is holding on to inventory since past few years Reserve Bank of India (RBI)'s latest warning to banks about not lending money to builders or developers under the 80:20 or...

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Moneylife Digital Team 04 September 2013
As per the agreement, after debate on the coal issue, BJP would allow continuation of discussion on Pension Bill in the Lok Sabha and consideration of Land Acquisition Bill in the Rajya Sabha The stand-off between the United Progressive Alliance (UPA) government and main Opposition...

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Moneylife Digital Team 03 September 2013
While MCX shares have been hitting the upper circuit limit for 10 out of 11 days, Bank of India sold its entire 1.03% stake in the company. What made the Bank so impatient? On Monday, Bank of India sold its 1.03% stake in Multi Commodity Exchange of India Ltd (MCX) for over Rs20 crore in...

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Moneylife Digital Team 03 September 2013
Microsoft has agreed to a 10-year license arrangement to use the Nokia brand on current and subsequently developed products based on the Series 30 and Series 40 operating systems Mobile handset maker Nokia Corp said it signed an agreement with Microsoft to sell all of its devices and...

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The overall coal inventory has now fallen to 57mt, most of which lying near pit-heads and some stored in remote coalfields not accessed by railways. To top this mess, Coal India want to reduce this inventory by 10mt this year In a couple of weeks from now, the Annual General Meeting of...

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