COMPANIES & SECTORS


Moneylife Digital Team 13 February 2014
During the December quarter, Cipla’s net profit fell to Rs284 crore despite growth in its sales and exports Cipla Ltd, a pharmaceutical company said, its third quarter net profit fell 17% on higher expenditure, especially on staff,  material costs, changes in product mix and research &...

Read More



There is grim shale news from the US, due to water issues. India too needs to rethink on this new fuel source which requires large volume of water for hydraulic fracturing The US took the lead, a few years ago, in the discovery and the development of shale oil and gas resources which...

Read More



Moneylife Digital Team 12 February 2014
Aditya Birla Chemicals shares hit its 52-week high on BSE due to strong December quarter results achieved on robust sales growth and new acquisitions Aditya Birla Chemicals (India) Ltd, Wednesday hit its 52-week high at Rs122 on the BSE following the company’s good third quarter results....

Read More



Moneylife Digital Team 12 February 2014
During the December quarter, Infinite Computer Solutions reported 46% fall in its net profit due to lower sales and higher forex loss   Infinite Computer Solutions (India) Ltd, an information technology (IT) service provider, reported a 46% fall in its third quarter net profit due...

Read More



ONGC has tremendous potential to serve the nation and reward its shareholders, both in dividends and value appreciation Recently, it may be recalled that when the government wanted to divest from Coal India Ltd by a buy-back arrangement, there was a huge public outcry, essentially from...

Read More



Warren Buffett has become the world’s most successful investor by seeking out companies that make excellent capital allocation. How does this work?   We buy shares in specific companies because we use these companies as a means to participate in the business they do. For example, if I...

Read More



Moneylife Digital Team 10 February 2014
During the December quarter, Tata Motors net profit grew to Rs4,805 crore, contributed by 61% growth in Jaguar Land  Rover volumes Tata Motors Ltd, India’s largest vehicle manufacturer reported a 195% jump in its third quarter net profit, mainly on robust volumes in its Jaguar Land Rover...

Read More



Ensuing interim railway budget may be populist, as elections are around the corner. However, there is dire need for the Railways to raise its own resources. Will Mallikarjun Kharge deliver what is most needed for the railways? India has the fourth largest rail network in the world, but...

Read More



Moneylife Digital Team 10 February 2014
During the December quarter, VA Tech Wabag’s net profit surged to Rs21.71 due on robust revenues from overseas markets VA Tech Wabag Ltd, India’s largest water treatment company, said its third quarter net profit surged more than two fold on robust revenues from overseas markets.

Read More



Moneylife Digital Team 07 February 2014
During the 33rd round, the bids for 2G spectrum in the 1800 MHz and 900 MHz band crossed Rs52,700 crore The ongoing 2G spectrum auction has entered its 33rd round of bidding after starting off from the Rs52,689 crore mark on Friday morning.   According to an official statement,...

Read More



Moneylife Digital Team 07 February 2014
During the December quarter, Sun TV Network’s net profit fell marginally on higher costs while its total revenues increased 5% on better income from D2H business Sun TV Network Ltd, a media and broadcasting company, reported a 2% decline in its third quarter net profit mainly due to 13%...

Read More



Moneylife Digital Team 07 February 2014
Despite Diageo offering to divest bulk of Whyte & Mackay business to address anti-competition concerns posed by its deal with United Spirits, the UK OFT expressed concern about the impact of the deal The Office of Fair Trading (OFT) in the UK has released a 53-page report detailing...

Read More



Moneylife Digital Team 07 February 2014
Foseco India declared a final dividend of Rs15.50, taking its full year dividend to Rs24.50 per share even as its December quarter net profit fell 47%   Foseco India, a supplier of metallurgical chemicals for the ferrous and non-ferrous industry, reported 47% fall in its fourth quarter...

Read More



Moneylife Digital Team 06 February 2014
During the December quarter, Elgi Equipments posted a net profit of Rs16.85 crore driven by healthy sales in international markets Elgi Equipments Ltd, an air compressor manufacturer, reported a 22% growth in its third quarter net profit, mainly driven by healthy growth in overseas...

Read More



Moneylife Digital Team 06 February 2014
During the December quarter, the tyre manufacturer’s net profit remained flat as it paid 17% higher interest and 5% more taxes MRF Ltd, the Chennai-based tyre manufacturer, reported almost flat first quarter net profit on higher interest expenditure and taxes.   For the quarter to...

Read More



Moneylife Digital Team 06 February 2014
Two BSES units approached the Supreme Court against a notice issued by NTPC for cutting power supply of Delhi, if its dues are not cleared by the Anil Ambani-led power distribution companies BSES Rajdhani Pvt Ltd and BSES Yamuna Pvt Ltd, the two power distribution companies from Delhi...

Read More



Moneylife Digital Team 06 February 2014
MCX has been given time till 10th February to submit a time-bound action plan to ensure its promoter Financial Technologies cuts stake in the Exchange to 2% Crisis-hit Multi-Commodity Exchange of India Ltd (MCX) has said its board of directors is scheduled to meet on 7th February to take...

Read More



Moneylife Digital Team 05 February 2014
For the December quarter, Cummins India posted a 37% fall in its net profit due 6% decline in sales volumes Cummins India Ltd, manufacturer of diesel and natural gas engines, reported a 37% fall in its third quarter net profit on subdued demand in Indian capital goods markets. For...

Read More



Moneylife Digital Team 05 February 2014
During the December quarter, the Daiichi Sankyo unit said it loss narrowed to Rs395.96 crore from Rs616.01 crore a year ago Ranbaxy Laboratories (Ranbaxy), a unit of Japanese Daiichi Sankyo Co Ltd pharmaceutical company said its fourth quarter net loss narrowed despite lower sales and...

Read More



Moneylife Digital Team 05 February 2014
The Tribunal asked governments of Maharashtra, Gujarat and Goa to have regular vigil in the coastal areas and arrest illegal sand mining in the area, which falls within the CRZ The National Green Tribunal (NGT) has asked state governments of Maharashtra, Gujarat and Goa to instruct...

Read More

Free Helpline
Legal Credit
Feedback