COMPANIES & SECTORS


Moneylife Digital Team 22 February 2013
The pressure on banks to cut the interest rates following the RBI moves have also narrowed down the growth in the net interest margins to 11.9% from 15.9% year ago Non-performing assets (NPAs) of banks have surged by 43.1% to a whopping Rs1.79 trillion in the first nine months of the...

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Moneylife Digital Team 21 February 2013
Nestle India has posted impressive net profit for the December quarter but the Europe horsemeat fiasco could affect its Indian operations or the brand image could take a beating. Not surprisingly, the fiasco found no mention in the Edelweiss’ analyst report Nestle India has performed...

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Moneylife Digital Team 21 February 2013
Maintaining cleanliness and hygiene in trains and stations, providing quality linen, upgradation of fire-fighting arrangements and new facilities for differently-abled persons are some of the measures likely to be announced by railway minister Pawan Kumar Bansal in his budget speech The...

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PS Deodhar 21 February 2013
The biggest albatross around India’s neck, preventing its healthy manufacturing growth in the face of the globalization threat is the lack of efficient infrastructure. Lack of ability to face global competition and our failure to create the necessary infrastructure on the other, is indeed a...

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Moneylife Digital Team 21 February 2013
As per the IRDA order, a micro finance institution (MFI), which also operates as a corporate insurance agent, cannot collect more amount than the premium charged for the policy on behalf of an insurance company The Insurance Regulatory and Development Authority (IRDA) Wednesday imposed a...

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Moneylife Digital Team 20 February 2013
AirAsia said Indian aviation has huge long-term growth potential and is expected to produce tremendous upside for first movers AirAsia Bhd, through its investment arm, AirAsia Investment (AAIL), has applied to India’s Foreign Investment Promotion Board (FIPB) for a proposed joint venture...

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Moneylife Digital Team 20 February 2013
The bank said it will issue an “ICICI Bank Platinum Visa Credit Card” to the holders of ICICI-Kingfisher card without any annual fees from 15th March onwards with same interest rate and credit limit as that on the existing card Leading private sector lender ICICI Bank has decided to...

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Moneylife Digital Team 20 February 2013
The Sensex will now be managed and operated by the new joint venture to be known as S&P BSE Sensex and effective Tuesday, all the BSE indices, including BSE 100 and BSE 200, will be co-branded ‘S&P’ Bombay Stock Exchange (BSE), India’s premier bourse, has inked a pact with S&P Dow Jones...

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Moneylife Digital Team 20 February 2013
Under the scheme, brokers and other market intermediaries will be given incentives for a specified period of time to bring in liquidity and generate investor interest in those securities which have limited trading activity MCX Stock Exchange (MCX-SX) on Tuesday said it will launch...

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Moneylife Digital Team 19 February 2013
More than 90% of sales for Balkrishna come from exports, making it vulnerable to the imposition of anti-dumping duty by any target market, says broking firm Espirito Santo Securities. We in our Antelope Stockletter had recommended Balkrishna Industries in the weekly issue date 11 July 2011...

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Ruias are  trying to escape action by negotiating a settlement in the controversial 2G issue Another part of the 2G scandal that was getting ready for a quiet burial will probably suffer collateral damage due to the sacking of CBI’s public prosecutor for conspiring with Unitech. On...

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Moneylife Digital Team 19 February 2013
The Supreme Court has ordered the auction of entire spectrum that was vacated by 122 2G telecom licences that court had cancelled on 2 February 2012 The government will conduct the third round of 2G GSM spectrum auction immediately after the bidding for the radiowaves ends in March in...

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Moneylife Digital Team 19 February 2013
The internet service provider licence holders who hold BWA spectrum, if they wish to provide mobile services using that spectrum, then an additional fee of Rs1,658 crore will be levied for migration to Unified Licences,” Telecom Commission chairman and telecom secretary R Chandrashekhar said

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Moneylife Digital Team 18 February 2013
National Peroxide (one of our Street Beat picks) has posted third quarter results, with both sales and profit trending upwards. We had recommended the stock for the 8-21 February 2013 issue at Rs474. The stock closed at Rs479 today We recently wrote about National Peroxide in our 21...

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Moneylife Digital Team 18 February 2013
Telenor which participated in the November 2012 auction through new entity Telewings Communications and won spectrum in six circles said, “All Uninor customers from Maharashtra, Goa, Gujarat and other circles will continue to be able to use their Uninor phones in Mumbai Private telecom...

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Moneylife Digital Team 18 February 2013
Cairn believes the Rajasthan block holds an in place resource base of 7.3 billion barrels that can support 300,000 bpd of output After protracted delays, a block oversight committee, headed by the Directorate General of Hydrocarbons (DGH), on 14th February, allowed the company to drill...

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Moneylife Digital Team 15 February 2013
Power Grid Corporation’s muted earnings and certain risk factors continue to remain. Despite somewhat negative news, Nomura remains upbeat on the power utility. The management of the company remains tight-lipped about divestment rumours   Nomura takeaways from the Power Grid...

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Moneylife Digital Team 15 February 2013
Volume growth for JLR should remain robust in FY14F led by strong growth in China, says Nomura Equity Research in its report on Tata Motors Volume outlook in the domestic MHCV (medium and heavy commercial vehicle) industry remains weak at least in the near term. The recent decline in...

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Moneylife Digital Team 15 February 2013
Indian steel demand has grown at a rate of 4%-5% for the last 12-18 months and has now started to reflect in the weakened pricing power of the companies, says Nomura Equity Research in its report on medium-term prospects for Tata Steel Weak domestic steel demand growth in the last 12-18...

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Moneylife Digital Team 15 February 2013
The company hopes to add $20 million in revenues in FY13 and improve its focus on client retention and acquisition on its non-core client base. Nomura thinks the company is worth Rs110 per share Nomura Equity Research, which hosted Hexaware non-deal roadshow, reports that the management...

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