COMPANIES & SECTORS


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...

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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...

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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.

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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,...

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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%...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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Moneylife Digital Team 05 February 2014
Satya Nadella is taking over at a time when Microsoft, the world’s largest software company, is expanding its focus to devices and cloud infrastructure   Software giant Microsoft has appointed Hyberabad-born Satya Nadella as its new chief executive officer (CEO). Nadella would replace...

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Moneylife Digital Team 05 February 2014
The funding would help the MFI to meet growing demand from customers for range of products and services including insurance, mobile loans, loans for solar lights in addition to micro credit, SKS Microfinance says SKS Microfinance, the largest microfinance non-banking finance company...

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While negotiating with suppliers from Qatar, it would be in the long term interest for India to invite them to be a joint venture partner in one or more of the LNG terminals in the country A couple of weeks ago, Moneylife carried a story on the developments of LNG industry in the...

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Moneylife Digital Team 03 February 2014
Eight telecom operators, including Bharti Airtel, Vodafone and Reliance Jio Infocomm, are in the fray in the auction from which the government expects to garner at least Rs11,300 crore The third round of the telecom spectrum auction opened on Monday with bids pouring in for all 22...

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Shambo Dey 30 January 2014
An Indian subsidiary of a foreign company may remain private by its own choice as far as its internal matters are concerned such as not inviting public to subscribe in shares. But in the eyes of law, it will be public This article analyses the relevant sections of the old and new...

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Moneylife Digital Team 30 January 2014
The political and currency crises of Latin America and Turkey are likely to affect Indian companies, notably Bajaj Auto, United Phosphorus and Aban Offshore. Even engineering goods, pharma and auto companies are likely to be affected Credit Suisse has come up with a research note on the...

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