COMPANIES & SECTORS


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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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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