COMPANIES & SECTORS


Moneylife Digital Team 30 May 2013
According to a report by the Expert Appraisal Committee under the MoEF, the petroleum major has also to get the Environmental Impact Assessment report and Environment Management Plan for the 9 MMTPA (million metric tonnes per annum) Complex The ministry of environment and forests (MoEF)...

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Moneylife Digital Team 30 May 2013
The company said the original intent of the draft shale gas policy to give right of first refusal to all operators, irrespective of where the blocks were awarded pre-NELP or in NELP, should be restored as it was “fair and reasonable” Oil and gas exploration major Cairn India has asked...

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Moneylife Digital Team 30 May 2013
For the fiscal 2012-13, the company said its standalone net profit was at Rs3,352.82 crore as compared to Rs2,878.89 crore in 2011-12   Leading SUV and tractor major Mahindra & Mahindra (M&M) today reported a marginal increase in its standalone net profit for the fourth quarter ended...

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Moneylife Digital Team 30 May 2013
With this upgrade, RIL is now rated higher than some of its global emerging market peers demonstrating the strength and competitive position of Reliance in the refining and petrochemicals sector Ratings agency Standard & Poor's (S&P) has raised the long-term corporate credit rating on...

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Moneylife Digital Team 30 May 2013
A complaint has been filed against two persons for allegedly duping Maharashtra State Electricity Distribution Co Ltd of Rs12.95 lakh A magistrate’s court in Mumbai has asked the police to register a case of criminal offence against two employees of a private agency collecting payment...

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Moneylife Digital Team 30 May 2013
Telecom minister Kapil Sibal has approved the recommendations of a DoT committee which stated that the maximum permissible financial penalty of Rs50 crore each for 13 circles where the violations took place may be imposed on Bharti Airtel   The Department of Telecom (DoT) is likely to...

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Moneylife Digital Team 29 May 2013
Fitch Ratings expect Indian telecom industry's average revenue per minute- ARPU to improve from the current level of 43 paise per minute in 2013 as competition abates Indian telecom companies' (telcos) gradual increase in voice tariffs demonstrates the restoration of some pricing power,...

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Moneylife Digital Team 29 May 2013
Increased urbanisation, demand for financial services, increased funding by the government for the weaker sections and the rural sector have opened up new opportunities for India Post Tata Consultancy Services (TCS), India's largest information technology (IT) company, on Wednesday said...

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Moneylife Digital Team 29 May 2013
According to Nomura, while the price rise has been more moderate in non-metro cities, the continued surge of house prices in metro cities suggests investment demand is the primary driver Given elevated house prices, subdued job markets and lower household incomes, real demand should...

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A novel idea could be to announce the names of selected winners of the coal blocks, and provide a time frame of 30 clear working days within which, if anyone has any objection, he must subject the details, in writing, for a public scrutiny and debate   In the last one week, several...

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Moneylife Digital Team 29 May 2013
Maharashtra State Consumer Disputes Redressal Forum has upheld a lower court order which asked the private mobile service provider to pay Rs20,000 compensation and Rs5,000 costs to a doctor for failing to stop unsolicited commercial phone calls. Dr Ashish Gala had registered with Vodafone on...

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Moneylife Digital Team 29 May 2013
A consumer court in Tripura has ordered Cadbury India to pay a compensation of Rs30,000 to a complainant who found an iron pin inside a chocolate bar made by the company. The consumer purchased a Cadbury chocolate on 16 December 2011, for his three-year-old daughter and found an iron pin...

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Moneylife Digital Team 29 May 2013
The New Delhi District Consumer Disputes Redressal Forum has imposed a fine of Rs5.5 lakh as compensation and cost of litigation for the harassment caused to Naduthodi Janardanan on Hong Kong and Shanghai Banking Corporation (HSBC) for keeping its customer’s already settled loan account...

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Moneylife Digital Team 28 May 2013
Corporate credit stress is reflected by the Indian banking system’s gross non-performing assets (NPA) and restructured loans, according to India Ratings & Research India Ratings & Research (Ind-Ra) expects corporate credit stress for FY14 to be at levels comparable to FY13, under its...

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Moneylife Digital Team 28 May 2013
Starting operations from this June, Honda’s new plant shall have 12 lakh units production capacity in Phase I Honda Motorcycle & Scooter India Pvt Ltd (HMSI), the second largest two-wheeler company in India inaugurated its most advanced and latest third two-wheeler production plant at...

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Moneylife Digital Team 28 May 2013
During her examination by the CBI prosecutor, Radia told the court that at the time of grant of licences, dossiers were in circulation which said Swan Telecom Pvt Ltd belonged to Reliance Communications Appearing in the court for the first time, former corporate lobbyist Niira Radia...

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Moneylife Digital Team 27 May 2013
The consolidated net profit of the PSU for the year ended 31 March 2013 also went up to Rs17,356 crore against Rs14,788 crore in the previous fiscal   State-owned Coal India (CIL) today reported almost 35% rise in the consolidated net profit at Rs5,413.9 crore for the fourth quarter...

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Moneylife Digital Team 27 May 2013
Amway India chief William Scott Pinckney and two other directors are arrested by Kerala Police over financial irregularities Crime Branch officials of Kerala police arrested Amway India’s managing director and chief executive William Scott Pinckney and two other directors of the...

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Moneylife Digital Team 27 May 2013
DoT, in its contempt plea, had said that instead of complying with the orders passed by the high court, Idea Cellular had filed an additional affidavit stating that it has “additionally decided” to provide 3G services to those existing customers who meet the criteria The Delhi High Court...

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Moneylife Digital Team 27 May 2013
iGate, which was in news for sacking of its chief executive Phaneesh Murthy over non-disclosure of his alleged affair with a subordinate, said these demands are not tenable and the Nasdaq-listed firm has approached the requisite appellate authorities After WNS and Infosys, iGate is the...

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