COMPANIES & SECTORS


Moneylife Digital Team 08 August 2013
Private equity firm Amaprop earned Rs129 crore, almost double the money it paid in 2005 to buy stake in Indiabulls Finance Company Indiabulls Housing Finance Ltd said it bought US-based private equity firm Amaprop Ltd's entire 42.5% stake in its unit Indiabulls Finance Company Pvt Ltd ...

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Moneylife Digital Team 08 August 2013
Amidst stubborn escalation of prices in most of the real estate markets, HDFC chairman Deepak Parekh said the residential price escalation now seems to be a thing of the past. “My view is that real estate prices should come down, at least on the residential side. The days of prices shooting...

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Moneylife Digital Team 07 August 2013
It remains to be seen whether the company can turn itself around after settling issues with the US Department of Justice even as it managed to narrow its net loss in the June quarter Ranbaxy Laboratories Ltd said its net loss during the first quarter narrowed to Rs608.8 crore on...

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Moneylife Digital Team 07 August 2013
The company’s overseas division, Jaguar Land Rover, has done exceptionally well, largely thanks to rupee depreciation and higher sales take off leading to an 8% increase in revenues Tata Motors reported a first quarter consolidated net profit of Rs1,726 crore from Rs2,245 crore despite...

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Moneylife Digital Team 07 August 2013
NDTV share price has plunged 20% and hit the lower circuit on BSE amidst heavy quarterly losses. Yet the company continues to heap lavish remuneration to its top management at the expense of shareholders NDTV reported net a loss of Rs18.88 crore, for the June 2013 quarter, which is...

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Moneylife Digital Team 06 August 2013
Investors are worried that rising power availability could impact sale of back-up power genset. In this context, the drop in power deficit especially in South India does lead to some slowdown concerns for Cummins India’s power gen segment, says Nomura  Cummins India displayed a strong...

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Moneylife Digital Team 06 August 2013
Why propose a 15% FPO (follow-on equity offering)? –   Power Grid does not require equity infusion and yet announced an FPO citing margin of safety, growing investment avenues as prime considerations  Power Grid Corporation of India (PWGR) still does not require equity issuance to...

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Moneylife Digital Team 06 August 2013
This is just the start of a bad earnings cycle for BHEL- execution problems are expected to continue, if not escalate, while competitive pressures and lower utilisation will impact margins further, over the coming years-Nomura State-run BHEL’s June quarter results were shocking-24%...

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Those of us who watched with fascination how Subrata Roy seemed to get away with full-page advertisements and interviews attacking the capital market regulator are relieved that the word ‘contempt’ is even being discussed in the apex court. It is said, “the wheels of justice grind...

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Moneylife Digital Team 05 August 2013
According to Nomura, a weak macro environment combined with Jubilant Foodworks’ aggressive expansion plans bode ill for the company's cash generation ability in near term while SSSG remains a cause of concern Jubilant Foodworks Ltd, the master franchise for Domino's Pizza in India,...

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Moneylife Digital Team 05 August 2013
The management, however, acknowledged that currency and its fertiliser business have been impacted, coupled with plant stoppages and higher energy prices Tata Chemicals Ltd reported standalone net profit of Rs100.43 crore, for the April-June period, compared with Rs68.13 crore same...

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Moneylife Digital Team 05 August 2013
HSBC Markit’s India PMI index, which measures manufacturing and services performance, has slipped to its lowest level since April 2009, with Nomura expecting India GDP growth rate to slip below 5% Hopes for economic recovery are likely to be dashed, if the Purchasing Manager’s Index...

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Moneylife Digital Team 05 August 2013
Continuing troubles plaguing the aviation industry affected SpiceJet as it reported lower net profit despite increase in load factor and passenger yields during the June quarter. The carrier intends to renegotiate contracts to contain cost SpiceJet Ltd posted 19% lower net profit at...

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NSEL crisis has in fact opened a Pandora’s Box. There are reports that the government knew about the lapses but did not initiate any action. However, regulatory transformation should be smooth even if some glaring mistakes are found to avoid panic in the market The concept of novation is...

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Moneylife Digital Team 02 August 2013
Macro-economic concerns, currency volatility and project-related provision affected Siemens’ net profit as well as sales. It is also hiving off two subsidiary companies for Rs122.8 crore   Siemens Ltd, a unit of German Siemens AG, swung to third quarter net loss on uncertain...

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Moneylife Digital Team 02 August 2013
The Mahindra group company will provide services to Brazil-based Schahin Petroleo for supply chain solutions. It will also provide transformational solutions to a leading bank in Brazil Tech Mahindra Ltd said Complex IT, its unit in Brazil, has signed two deals in that country for...

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Moneylife Digital Team 02 August 2013
While the company has fared well in its main business, it is has racked up huge operating expenses in running its IPL cricket team Sunrisers Hyderabad Sun TV Network Ltd reported a flat first quarter net profit despite a 41% increase in its total revenues due to higher expenses of...

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Moneylife Digital Team 02 August 2013
The Cabinet headed by Prime Minister Manmohan Singh eased the mandatory 30% local sourcing norms for multi-brand retailers and permitted states to include cities with population less than one million for allowing multi-brand retailing The government on Thursday relaxed investment norms...

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Moneylife Digital Team 01 August 2013
United Spirits has disappointed in the June quarter and has blamed poor showing in Tamil Nadu and higher raw material prices as culprits. It has also reconstituted its Board of Directors in light of recent shareholding developments Diageo controlled United Spirits Ltd (USL) has reported...

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Moneylife Digital Team 01 August 2013
The market regulator is looking into relevant data collected from the stock exchanges through its internal market surveillance system. SEBI may also seek information from brokerages as well as the companies involved Market regulator Securities and Exchange Board of India has initiated a...

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