COMPANIES & SECTORS


Moneylife Digital Team 04 April 2013
Vedanta's ability to tie-up funding to refinance its sizable maturities will continue to be tested in the next 18 months, even if the company can refinance its April and June 2013 maturities, according to the ratings agency Ratings agency Standard & Poor's (S&P) said it placed its 'BB'...

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Moneylife Digital Team 04 April 2013
BHEL will receive FGD system technology, used to remove sulphur dioxide from exhaust flue gases of fossil-fuel power plants, from Mitsubishi Heavy Industries India's state-run power equipment maker Bharat Heavy Electricals Limited said on Thursday that it has tied up with Japan-based...

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Moneylife Digital Team 04 April 2013
Gujarat-based electricity distribution companies collected excess energy charges from consumers for 16 days last year. It took Paschim Gujarat Vij Company over eight months just to agree to credit the excess amount in the next bill of high-tension power supply consumers Ahmedabad-based...

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Moneylife Digital Team 03 April 2013
While the Bombay HC has given its approval for Vedanta's plan to merge Sterlite with other group companies, it needs to take permission from Madras HC as well for the merger Vedanta group company Sterlite Industries (India) on Wednesday said the Bombay High Court has approved merger...

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Moneylife Digital Team 03 April 2013
Volumes for two-wheeler companies were weak and below expectations, while companies in passenger vehicles (PV) and medium heavy commercial vehicles (MHCV) segments reported better-than-expected numbers   Auto sales continued to skid in March. Passenger car sales declined though Maruti...

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Moneylife Digital Team 03 April 2013
Edelweiss believes the arrangement is a key positive for RCom as the brokerage perceives it as a right step in monetising its assets and thus deleveraging balance sheet. However, RIL’s entry in the telecom business could be foreseen as entry of a serious player with considerable balance sheet...

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Moneylife Digital Team 03 April 2013
RIL’s investment in Reliance MF schemes, made over a period of last eight months, comes as a clear departure of the oil-to-retail conglomerate’s earlier stance of parking surplus funds into almost all the mutual funds, expect on those run by the Anil Ambani-led group The Mukesh...

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Moneylife Digital Team 03 April 2013
The move comes a day before the commencement of the Indian Premier League in which airline promoter Vijay Mallya owns the Royal Challengers Bangalore team   Kingfisher Airlines on Tuesday started remitting two months’ salaries to its employees who have not been paid for the last 10...

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Moneylife Digital Team 02 April 2013
Lender banks have already sold the entire stake of over one crore shares in MCFL and around 7.3 lakh shares in USL in the open market so far   The Bombay High Court on Tuesday dismissed Vijay Mallya-led United Breweries (UB) Holdings’ (UBHL) plea to grant stay on sale of pledged...

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Moneylife Digital Team 02 April 2013
Just last week, the Tamil Nadu Pollution Control Board ordered closure of Sterlite’s copper smelting plant at Tuticorin over alleged noxious gas leak. The apex court, however, refused to direct closure of the smelting unit and fined it Rs100 crore for polluting the environment   The...

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Moneylife Digital Team 02 April 2013
Anil Ambani’s RCom owns a country-wide fibre optic network originally built by Mukesh Ambani, which would prove to be crucial for the upcoming 4G network of the elder sibling Mukesh Ambani's Reliance Jio Infocomm (RJio) has signed a definitive agreement by paying Rs1,200 crore as a fee...

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Moneylife Digital Team 02 April 2013
The MTP suggests Ranbaxy would move beyond just plain vanilla generics and pursue differentiated generic opportunities and branded segments like dermatology in the US. The MTP suggests Ranbaxy pursuing inorganic growth options in key markets   The US FDA (Food and Drug Administration)...

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Moneylife Digital Team 02 April 2013
The current contract is just for booking terminal capacity. GAIL would need to source feedstock gas and if it is not able to than it will need to pay a capacity charge. To mitigate the risk, GAIL would need to take more stakes in upstream shale gas projects in the US State-owned gas...

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Moneylife Digital Team 30 March 2013
No-frill carrier IndiGo is likely to decide on the issue shortly. So far the airline has desisted from revising fuel surcharge but it is expected to take a call on the issue in the next couple of days State-owned Air India and private carrier Jet Airways have hiked fuel surcharge on...

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Moneylife Digital Team 29 March 2013
Troubles continued for the debt-ridden Deccan Chronicle Holdings as the DRT ordered attachment of promoter’s properties, while a court in Chandigarh has issued non-bailable warrant against the company directors The regional office of Debt Recovery Tribunal (DRT) from Hyderabad has...

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Moneylife Digital Team 29 March 2013
Automobile companies are offering discounts and low interest rate schemes to increase sales volumes but growth remains very weak Customer footfalls and conversion rates have remained quite low in the Indian automobile industry. Although automakers are offering discounts and low interest...

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Moneylife Digital Team 28 March 2013
The I-T department had on 8th January conducted a survey operation at Nokia’s Sriperumpudur factory and said it had found prima facie defaults in TDS deductions on royalty payments made by the plant to its parent company The Income Tax (I-T) department has slapped a Rs2,000 crore notice...

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Moneylife Digital Team 26 March 2013
Airport operators, particularly the Airports Authority of India, had seized several aircraft of the Vijay Mallya-owned carrier and decided not to release them till Kingfisher clears their dues   The Director General Civil Aviation (DGCA) today said it has deregistered 15 aircraft of...

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Kishore Biyani, who calls himself as “creator and destroyer”, has hived off yet one more of his non-core businesses. Soon he may re-focus on the retail world, from where he started Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday signed a non-binding term sheet...

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Moneylife Digital Team 21 March 2013
The protesting employees have urged RCB players to boycott Mallya’s team. They have also asked the BCCI not to allow RCB to participate in the upcoming IPL Frustrated over not getting salaries for the last 10 months, Kingfisher Airlines employees on Wednesday asked the government to act...

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