COMPANIES & SECTORS


The wheels of the nation can move smoothly when power supply is available in plenty and without any interruption The Rangarajan Committee’s recommendation to fix the price of domestically produced gas at about $8 for Reliance Industries (and obviously, for others) was not welcomed by the...

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Moneylife Digital Team 17 June 2013
“With increased subscribers and usage, the costs associated with national roaming have declined, but not vanished. There are still real costs incurred in providing the national roaming facility,” TRAI said The Telecom Regulatory Authority of India (TRAI) on Monday announced reduction in

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Moneylife Digital Team 17 June 2013
While the sales of luxury sedans of Jaguar brand stood at 7,061 units, Land Rover sales were at 24,149 units during the month, the company said in a statement Tata Motors said that its global sales, including Jaguar Land Rover, in May stood at 81,783 units, down 14.9% year-on-year, due...

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Moneylife Digital Team 14 June 2013
Market regulator SEBI and competition watchdog CCI have already sought clarity from the domestic carrier on the transaction, to ensure that Etihad’s ownership powers in Jet remains in line with its 24% stake in the company’s equity capital   The Foreign Investment Promotion Board...

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Moneylife Digital Team 14 June 2013
Zen Technologies bought the 10% stake of Rakesh Jhunjhunwala @ Rs70, under its ongoing buyback offer. This left hardly any buyback from retail investors which boils down to one rule for the big investor, another for the small guys   Zen Technologies was in the market to buy back...

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KK Sharma 14 June 2013
The judgement will ensure that there is fear of competition law and the SC in the mind and hearts of those who may be tempted to rob Indian consumers of their hard earned money 12 June 2013 would be remembered as a defining moment in the evolution of competition law jurisprudence in the...

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Moneylife Digital Team 14 June 2013
The Infosys stock jumped 3.32% a day before the board meeting, with 2.312 million shares changing hands. Moneylife had written about possible insider trading in the stock The Securities and Exchange Board of India (SEBI) has sought clarifications from Infosys regarding its 1st June board...

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Moneylife Digital Team 14 June 2013
NSE has attributed the suspension to “non-compliance with provisions of listing agreement which inter-alia includes non submission of financial results for the period ended 31 December 2012” The National Stock Exchange (NSE) on Thursday said it will suspend trading in securities of KS...

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Moneylife Digital Team 14 June 2013
Prima-facie information received from Malaysia indicates that Foreign Direct Investment norms were allegedly violated Information received from Malaysia in connection with the Central Bureau of Investigation’s (CBI) probe in the Aircel-Maxis deal prima facie indicates that foreign...

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Moneylife Digital Team 13 June 2013
Wipro has been slapped with an over Rs816 crore claim by I-T department, becoming the latest IT company to have got such a notice after Infosys, WNS and iGate Azim Premji-led Wipro became the latest information technology (IT) company in India to receive a notice from the Income Tax...

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Moneylife Digital Team 13 June 2013
Shares of Apollo Tyres tumbled due to debt worries over the company's plan to buy US-based Cooper Tire for Rs14,500 crore in an all cash deal Apollo Tyres Ltd shares tumbled 21% on Thursday, its lowest in past 18 months following the company announcement of buying US-based Cooper Tire &...

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Moneylife Digital Team 11 June 2013
This is the second highest value of offers made in a month since January 2013 when companies had made 11 open offers for Rs8,308 crore Public shareholders received open offers worth a whopping Rs7,003 crore by listed companies in April—the second highest level in the year so...

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HDFC Bank is targeting non-resident Indians (NRIs) with a fixed income product, exposing them to foreign currency fluctuations. If a customer loses money, he has to be blamed, of course, for falling for this hard-sell from his 'trusted' banker Rupeemax is a product that HDFC Bank is...

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Moneylife Digital Team 11 June 2013
While Congress leader and MP Naveen Jindal had so far maintained distance from the coalgate scam, the CBI seems to think otherwise. The investigation agency had filed an FIR against Jindal and is conducting searches at 19 locations of JSPL in Delhi and Hyderabad. Does this signal changed...

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Moneylife Digital Team 11 June 2013
Following the Cobrapost exposé, the central bank investigation found prima facie evidence of KYC violations. It however, did not find any substantial info on money laundering and said, any conclusive inference can be drawn after investigation of the transactions by tax and enforcement...

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Moneylife Digital Team 11 June 2013
Following the Cobrapost exposé, the central bank investigation found prima facie evidence of KYC violations. It however, did not find any substantial info on money laundering and said, any conclusive inference can be drawn after investigation of the transactions by tax and enforcement...

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Cairn India would do well to concentrate its expertise in what it knows best—get the gas and oil from Barmer and other potential areas, and leave the shale gas/oil issue for subsequent development In the past, exploration in mining lease areas was restricted, but now, based on the advice...

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Moneylife Digital Team 11 June 2013
Total sales of vehicles across categories registered a decline of 0.93% to 14,98,909 units in May 2013 against 15,12,986 units in the same month of 2012, according to the data released by the Society of Indian Automobile Manufacturers Domestic passenger car sales declined 12.26% to...

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Moneylife Digital Team 10 June 2013
Despite the weaker demand scenario, India turned to a net importer of steel (net imports: 161 kilo tonnes) in May, from net exporter (net exports: 105 kilo tonnes) in April   As per the Joint Plant Committee (JPC), India steel demand contracted by 4.4% y-o-y in May, remaining weak....

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Moneylife Digital Team 10 June 2013
The penalty follows scrutiny carried out by RBI of books of accounts, internal control, compliance systems and processes of these three banks at their corporate offices and some branches during March/April 2013   The Reserve Bank of India (RBI) today imposed a fine of Rs5 crore on...

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