COMPANIES & SECTORS


Moneylife Digital Team 20 March 2013
Manappuram crash testifies what Moneylife has been saying for a very long time—that gold-loan companies are built on extremely shaky and fragile foundation with poor supervision   The share price of Manappuram Finance is down nearly 30% in just two days, tanking to Rs24.60 from...

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Moneylife Digital Team 20 March 2013
The programme covers all the 39 state power discoms. It, however, does not cover state energy departments and private discoms   The Union power ministry on Tuesday launched a ratings programme for distribution utilities which would enable them to procure loans at better interest rates...

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Aditi Jhunjhunwala 19 March 2013
Specification of the rate of duty on schemes of arrangements in the state now comes as a big relief. Not only will the stamp duty be lower than that applicable on a conveyance, but the issue of applicable/ applicability of stamp duty is now no longer ambiguous West Bengal has a reason to...

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Moneylife Digital Team 19 March 2013
Besides Mittal and Ruia, the court issued summons against Asim Ghosh, who was the then managing director of accused firm Hutchison Max Telecom Pvt Ltd and former telecom secretary Shyamal Ghosh for 11th April A Delhi court on Tuesday summoned as accused chairman-cum-managing director of...

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Moneylife Digital Team 19 March 2013
Reebok India in its FIR filed last year had alleged financial fraud to the tune of Rs870 crore by top officials of the company The Serious Fraud Investigation Officer (SFIO) is finalising its report into the alleged financial irregularities at sportswear maker Reebok India, corporate...

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Moneylife Digital Team 14 March 2013
The cable distributor along with 24 other entities including its CMD Sameer Manchanda and Network18 founder Raghav Bahl paid Rs4.93 crore to SEBI for settling various alleged violations committed by Den Networks during its IPO   Den Networks, along with 24 other entities, including...

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Moneylife Digital Team 14 March 2013
According to Nomura, domestic pricing trends, regulations, and performance in Africa will be the key drivers for Bharti Airtel. In addition, 'newsflow’, which has become a key driver of the company’s share, price far more than fundamentals even, is likely to continue and the stock would...

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Old demons of surging prices, ballooning inventory levels and subdued demand returned to haunt the sector during the third quarter, says the real estate rating and research agency The third quarter of FY2012-13 saw the residential realty sector slipping into a lull once again. The market...

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Moneylife Digital Team 14 March 2013
While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with the January decision to raise prices in small dozes every month till all of the Rs11 per litre losses are eliminated Petrol price may be cut by about Re1 per litre...

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Moneylife Digital Team 13 March 2013
Credit Suisse expects the supply glut pressure to ease up, with north India benefitting the most from the accretive price increase in cement. However risks like paying the penalty of $1.2 billion levied by CCI and government support remains  When the infrastructure boom was happening...

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Moneylife Digital Team 12 March 2013
Hope and optimism was palpable in the 14th edition of FICCI FRAMES—as in the previous years. What was also constant year after year are laments about hurdles like muddled policies and unreliable data of audience measurement As usual, the 14th edition of Federation of Indian Chambers and...

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Moneylife Digital Team 12 March 2013
The CAG while auditing HSIIDC observed that the valuation of the property which was to be developed for recreation and leisure activities in Gurgaon was misleading The Comptroller and Auditor General of India (CAG) on Monday criticised the Haryana State Industrial and Infrastructure...

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Moneylife Digital Team 11 March 2013
The management acknowledges a very high level of costs in the system. The current cost structure is inflated due to underutilised capacities and FDA resolution related costs   Ranbaxy Laboratories, which has been a play on the generic opportunity in the US as blockbuster drugs go off...

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Moneylife Digital Team 11 March 2013
The oral care segment will likely remain a profitable but a competitive segment over the next 3-5 years, says Nomura Equity Research Colgate Palmolive (India) is the dominant market leader in the oral care segment in India. Category growth is still attractive and profitable, and it is...

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Moneylife Digital Team 11 March 2013
During February, while weakness persisted across most segments, it was more prominent in MHCV, tractor, passenger car, and two-wheeler segments. The UV segment, which had so far remained insulated from the slowdown, also witnessed initial signs of weakness Automobile sales during...

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Moneylife Digital Team 11 March 2013
SSTL has deposited Rs613.75 crore for the auction, making it eligible to bid for minimum quantum of 2.5 Megahertz spectrum (two blocks of 1.25 Mhz airwaves frequency) in 11 circles Sistema Shyam Teleservices (SSTL) today emerged as a lone bidder for eight circles in the 2G spectrum...

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While the Pune police have issued three letters in the last quarter of 2012 directing TCS to have stringent security checks while hiring employees and to tighten security of its Passport Seva Kendra, no action has been taken so far. The high court had earlier observed that TCS’s passport...

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Moneylife Digital Team 09 March 2013
The debarment pertains to a bid submitted by L&T through regional business head of its medical equipment and systems unit to a World Bank-financed project in Tamil Nadu in 2008   The World Bank (WB) has barred Indian conglomerate Larsen & Toubro (L&T) from doing any business with it...

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Moneylife Digital Team 08 March 2013
In December, TRAI floated a pre-consultation paper seeking inputs from stakeholders on tariff for national roaming services. The government is expected to take a call on national free roaming after the regulator submits its recommendations Telecom minister Kapil Sibal on Thursday said...

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Moneylife Digital Team 08 March 2013
Around 3,000 workers resorted to “tools down” protest on Tuesday demanding revocation of suspension of two office-bearers of the employees union The “tools down” strike at automobile maker Mahindra & Mahindra’s (M&M) plant in Nashik was called off on Thursday after the management agreed...

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