COMPANIES & SECTORS


Moneylife Digital Team 01 August 2013
The watch and jewellery maker saw its revenues boosted by lower price of gold which spurred demand for its jewellery while the lower discretionary spend impacted its timepiece business Titan Industries reported 16.9% higher net profit to Rs182.48 crore, for the April-June period, driven...

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Moneylife Digital Team 01 August 2013
The beverage company reported impressive net profit of 44%, despite subdued revenue growth, largely due to cost interventions and exceptional items Tata Global Beverages reported a 44% higher net profit during the June quarter on improved cost interventions. For the quarter to end-June,...

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MCX at all-time low; FT at 8-year low as National Spot Exchange suspended trading and merging of settlement cycles of all one-day forward contracts, except e-series as per the order from the government   Financial Technologies Ltd (FT) shares tumbled over 62% on Thursday to Rs182, while...

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Moneylife Digital Team 31 July 2013
The FBI arrested Sandeep Aggarwal, who received funding from Helion Venture Partners and Nexus Ventures for ShopClues.com, on charges of insider trading in his earlier role as a Wall Street analyst The Federal Bureau of Investigation (FBI) has arrested Sandeep Aggarwal, founder and...

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Moneylife Digital Team 31 July 2013
On a consolidated basis, ICICI Bank reported a 32% growth in net profit at Rs2,747 crore in the June 2013 quarter against a net profit of Rs2,077 crore in the first quarter of the 2012-13 fiscal   Private sector lender ICICI Bank on Wednesday reported a 25% growth in standalone net...

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Moneylife Digital Team 31 July 2013
The company’s mobile revenues in the country grew on the back of jump in average revenue per user-ARPU to Rs200 in June quarter Private sector telecom service provider Bharti Airtel on Wednesday reported a 9.6% fall in net profit to Rs688.9 crore for the first quarter ended 30 June...

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Moneylife Digital Team 30 July 2013
Reliance Power reported benign earnings for its June quarter due to lower sales off-take. It has also commissioned the 45 megawatt wind plant in Vashpet Reliance Power Ltd reported a flat net profit for the first quarter to end-June on lower sales. For the quarter to end-June, the...

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Moneylife Digital Team 30 July 2013
The hosiery manufacturer reported good results during the June quarter as both its sales and net profit increased helped by lower commodity prices and better control over raw material costs   Rupa & Co, manufacturers of hosiery garments and apparels, reported a 25% jump in its first...

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Moneylife Digital Team 30 July 2013
The share sale is expected to fetch around Rs100 crore to the exchequer at the current market price The Government will sell 3.74 crore shares in National Fertilisers (NFL) through an offer for sale (OFS) and the issue will hit the markets tomorrow (31st July).   “The EGoM today...

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Moneylife Digital Team 30 July 2013
The penalty has been imposed for failure to comply with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations The Securities and Exchange Board of India (SEBI) has imposed a fine of Rs1.5 lakh on Highline Finance for not making disclosures about its...

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Moneylife Digital Team 29 July 2013
The formulation company has impressed with 66% and 26% rise in net profit and sales, respectively while it has filed another ANDA during the quarter, taking the tally to 15 Ajanta Pharma Ltd, a specialty focused pharmaceutical formulation company, announced 66% rise in its first quarter...

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Moneylife Digital Team 29 July 2013
The Aditya Birla group company has reported disappointing results due to higher logistics and raw material cost. The cement producer expect demand to pick up in housing and infrastructure to drive growth rate to 6% in FY14, and 8% over the longer term UltraTech Cement, an Aditya Birla...

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Moneylife Digital Team 29 July 2013
Seasonal slack in demand and higher expenses affected Madras Cement’s top and bottomline during the June quarter. It was also found out that FIIs have been taking an interest in the company by hiking their stake Madras Cements Ltd has posted a net profit of Rs68.85 crore for the June...

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Moneylife Digital Team 29 July 2013
The proposed changes in the revised agreement are merely cosmetic in nature, especially when areas of ‘co-operation’ between Jet –Etihad gives far reaching powers to Etihad to control the policy decisions of the Indian carrier, disproportionate to what may be granted for a minority investor...

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Moneylife Digital Team 26 July 2013
Despite the macroeconomic headwinds, the company is optimistic about the future and has forecasted positive developments for its IT services business. The quarterly results were positive too, aided by a weaker rupee Azim Premji-led Wipro Ltd on Friday reported an 11% increase in its...

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Moneylife Digital Team 26 July 2013
As per the modified agreement, major decisions, including appointment of independent directors, chairman and vice-chairman will now be taken on the basis of majority of votes by the board of Jet Airways   Abu Dhabi-based Etihad Airlines has reportedly agreed to reduce the number of...

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Moneylife Digital Team 26 July 2013
Dish TV is still in the red due to intensive competition, weak rupee and higher ad spend. However, its average revenue per user –ARPU has seen improvement Dish TV’s net loss, for the first quarter of the 2013-14 fiscal, was narrowed down to Rs30.4 crore compared to Rs32.3 crore in the...

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Moneylife Digital Team 26 July 2013
Higher spot LNG volume, increase in production and sale of petrochemicals help GAIL India achieve higher revenues. However, profit suffered due to higher raw material prices, depreciation and salaries GAIL (India) Ltd reported a 28.7% lower first quarter net profit to Rs808 crore as...

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Moneylife Digital Team 26 July 2013
The fast moving consumer goods company reported a fall in net profit due underlying volume growh of 4% in the domestic market. According to Harish Manwani, chairman, there are near term concerns for HUL particularly around slowing market growth Hindustan Unilever, one of India's leading...

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Moneylife Digital Team 26 July 2013
PNB shares fell sharply due to a spike in its gross NPAs during the June quarter, raising concerns about its asset quality. According to a brokerage, half of the Bank's NPAs are from gems and jewellery sector Punjab National Bank (PNB) shares hit its four-year low to Rs584.4 on Friday...

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