COMPANIES & SECTORS


Moneylife Digital Team 15 May 2014
Strong IT headcount addition (6% quarter-on-quarter) in Tech Mahindra to sustain growth in revenues and new opportunities, points out Nomura in its research note Mahindra & Mahindra (M&M) group company Tech Mahindra would find its stock performance driven by revenue growth and...

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Moneylife Digital Team 15 May 2014
Continued sustenance of strong realisations in the domestic business and improving demand outlook for international business shall provide further positive triggers for Tata Steel, says Nomura Tata Steel reported improvement in its March quarter results that was led by its domestic...

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Moneylife Digital Team 15 May 2014
For the March quarter, the Bajaj group financial unit reported a net profit of Rs182 crore, as its net interest income grew 25%   Bajaj Finance Ltd reported a higher fourth quarter net profit mainly on robust revenues, including interest income.    For the quarter to end-March,...

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Moneylife Digital Team 14 May 2014
Geodesic recently held its annual general meeting. Shockingly, the shareholders found a dozen bouncers at the AGM Geodesic Ltd, the internet software and service provider, which has run up more than Rs1,200 crore of liabilities, defaulted in repaying its foreign currency convertible bond...

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Moneylife Digital Team 14 May 2014
For FY14, La Opala reported a higher net profit at Rs29.95 crore on robust sales and lower raw material costs. Its shares hits a 52-week high  La Opala RG Ltd (La Opala), the Kolkata-based opal glass tableware manufacturer, hit a new 52-week high on Wednesday following a jump in the...

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Moneylife Digital Team 14 May 2014
For the March quarter, Nestle India reported lower net profit of Rs259 crore due to higher costs, lower demand and exports Nestle India Ltd (Nestle) reported a lower first quarter net profit mainly on higher raw material costs, subdued demand and lower exports. For the quarter to...

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Moneylife Digital Team 14 May 2014
For FY14,  Bank of Baroda reported marginal increase in its net profit at Rs4,541 crore affected by higher expenses and tax provisions Bank of Baroda (BOB), the public sector lender reported a marginal increase in its full year net profit even as its expenses and tax provisions...

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Moneylife Digital Team 13 May 2014
For the March Quarter, Castrol India reported a lower net profit due to subdued demand and higher costs Castrol India Ltd, (Castrol) the manufacturer of automotive and industrial lubricants, reported a lower first quarter net profit mainly on subdued demand and higher costs.   For...

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But there is no sign of investors getting their money back It was the least known entity in the entire MCX group which saw meteoric growth over the past decade. Yet, on 8th May, it was the National Spot Exchange Limited (NSEL) and its Rs5,600-crore scam that probably drove the final nail...

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Moneylife Digital Team 12 May 2014
The  $21  million  two-phase  financing  from Cipla will  support  Phase  2a and  Phase  2b clinical  trials  for Chase’s lead drug CPC201 Cipla Ltd said it invested $1.5 million for buying a 14.6% stake in US-based Chase Pharmaceuticals Corp. The investment will be done through Cipla's...

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Moneylife Digital Team 12 May 2014
For FY14, Andhra Bank reported fall in its net profit to Rs436 crore due to 2.3 times higher provisions and increasing NPAs Andhra Bank Ltd reported lower net profit in FY2013-14 due to increasing non-performing assets (NPA) and provisions.   For the 12 month to end-March, the...

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Moneylife Digital Team 12 May 2014
The products, platform and solutions-PPS business of Infosys has not performed as expected, except its Finacle core banking unit. This may have prompted Infosys to hive off PPS business to its unit Edgeverve Systems Infosys Ltd on Monday hived off its products and platform business into...

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Moneylife Digital Team 12 May 2014
Eicher Motors reported first quarter net profit to Rs160.62 crore on robust sales growth of its Royal Enfield Motorcycle business and exports Eicher Motors Ltd, the producer of iconic ‘Royal Enfield’ or Bullet brand motorcycles in India, recorded a higher first quarter net profit on...

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Moneylife Digital Team 10 May 2014
Is Reliance putting pressure to implement 10th January gas pricing guidelines? Reliance Industries Ltd (RIL) and its partners BP plc of UK and Niko Resources has issued a notice of arbitration to the Indian government seeking implementation of domestic natural gas pricing...

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Moneylife Digital Team 09 May 2014
During Q3, Accelya Kale Solutions reported higher net profit on one time gains from contract termination fees and forex Accelya Kale Solutions Ltd (Accelya), an information technology consulting and software company, reported a higher third quarter net profit mainly due to its one-time...

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Moneylife Digital Team 09 May 2014
Except two wheelers, all other segments like cars, CVs, LCVs reported a fall in sales during April, says SIAM The auto industry begin FY15 with declining sales in most segments during April, says Society of Indian Automobile Manufacturers (SIAM).   According to the data released...

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Moneylife Digital Team 09 May 2014
For FY14, Union Bank of India reported fall in its net profit to Rs1,696 crore due to higher non performing assets and provisions Union Bank of India (UBI) reported lower full year net profit due to increasing non performing assets (NPAs) and provisions. For the 12 month to...

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Moneylife Digital Team 08 May 2014
During the March quarter, Aditya Birla Chemicals' net profit fell 91% even as its sales rose 33% Aditya Birla Chemicals (India) Ltd shares fell over 18% on Thursday following a steep fall in its March quarter net profit. For the quarter to end-March, Aditya Birla Chemicals' net...

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Moneylife Digital Team 08 May 2014
Following the arrest of Jignesh Shah in the Rs5,600 crore NSEL scam, shares of MCX tumbled 9.38% to Rs483.55 while FTIL fell 5% to Rs276.70 in early trade on Thursday Shares of Multi Commodities Exchange of India Ltd (MCX) and Financial Technologies (India) Ltd (FTIL) slumped as much as...

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Coal India plans to reach this year's target of 507 million tonnes and 715 million tonnes by 2016-17 but continues to face serious hurdles from our own Environment Ministry and state governments Against the target of 482 million tonnes, the coal production in India actually reached only...

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