COMPANIES & SECTORS


MDT/PTI 31 January 2013
On a consolidated basis, ICICI Bank's net profit rose 22% to Rs2,645 crore as all its subsidiaries -- life and general insurance companies -- reported better numbers Mumbai: Private sector lender ICICI Bank on Thursday posted over 30% growth in standalone net profit to Rs2,250 crore in...

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MDT/PTI 31 January 2013
Creditors had moved a winding up petition before the High Court seeking liquidation of Dunlop India for non-payment of dues amounting to around Rs1,000 crore Kolkata: The Calcutta High Court on Thursday ordered winding up of tyre manufacturing company Dunlop India Ltd (DIL), which had...

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MDT/PTI 31 January 2013
For the December quarter, Central Bank's total provisioning rose by 30% to Rs627.67 crore, of which Rs145 crore was due to the changes brought in by RBI, one of the reason why it could not touch the average net profit of Rs300 crore Mumbai: State-run Central Bank of India (CBI) posted a...

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MDT/PTI 31 January 2013
Board of Union Bank has cleared raising Rs1,000 crore through preferential or rights issue in addition to Rs1,500 crore approved earlier Mumbai: State-owned Union Bank of India said it will receive a capital infusion of Rs2,500 crore as part of the government's plan to recapitalise the...

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MDT/PTI 30 January 2013
SEBI alleged that Suzlon had amended its code of internal procedures and conduct for prevention of insider trading on 4 February 2011, after a delay of more than two years   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed off proceedings against...

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Moneylife Digital Team 30 January 2013
Dena Bank announced its third quarter results which were positive overall, especially on the operations front. But some concerns remain Dena Bank has posted a net profit of Rs206.44 crore for the quarter ended 31 December 2012, a 10.75% increase, when compared to Rs186.68 crore for the...

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MDT/PTI 30 January 2013
Idea Cellular said it would review call tariffs but ruled out headline tariff change in the short-run   Mumbai: Idea Cellular, the country's fourth largest telecom operator, which reported 14% rise in consolidated net profit at Rs228.6 crore for the October-December quarter, ruled out...

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MDT/PTI 30 January 2013
Steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5% for Shoppers Stop in December quarter   Mumbai: Retail chain Shoppers Stop (SSL) reported a 11.4% decline in standalone net profit to Rs17.09 crore for the third quarter ended...

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Moneylife Digital Team 29 January 2013
During the December quarter, the price of new launches was 24% lower than that of existing supply, indicating possible signs of a correction, says a report by Liases Foras The residential market across India witnessed less offtakes or sales during the third quarter to end-December...

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MDT/PTI 29 January 2013
Canara Bank has about 3,200 ATMs spread across the country at present and plans to increase the count to around 5,000 by 2014   New Delhi: State-owned Canara Bank said it will open 2,000 ATMs by March 2014, taking the total number of cash dispensing machines to over 5,000 by the end...

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MDT/PTI 29 January 2013
The state-run lender’s net interest income rose 11.7% to Rs2,308.5 crore during December quarter, while its total revenues increased 12% to Rs 8,960 crore   Mumbai: State-run Bank of India (BoI) has reported 12.15% rise in net profit at Rs803.48 crore in the third quarter on the back...

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MDT/PTI 29 January 2013
The Tata group company accepted that in the past there has been a significant gap between the introductions of new products and would like to bring it (the time gap) down drastically   New Delhi: Chasing number two spot in the Indian passenger vehicle market, Tata Motors has said it...

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MDT/PTI 28 January 2013
The Vijay Mallya-owned airline owes Rs290 crore to AAI towards landing and parking fees and the Authority insisted said that its dues must be cleared before Kingfisher is allowed to fly again Mumbai: Spelling fresh trouble for beleaguered Kingfisher Airlines, state-run Airports...

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MDT/PTI 28 January 2013
For the fifth time this fiscal, Mukesh Ambani-led Reliance Industries, which has a surplus cash of over Rs75,000 crore, is raising long-term debt citing historically low interest rates from the overseas markets Mumbai: Reliance Industries (RIL), which is sitting on over Rs75,000 crore in...

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MDT/PTI 28 January 2013
According to CMIE, telecom user base in India is expected to increase in the next fiscal on the back of the rural thrust of operators   Mumbai: Despite a steep fall in the customer base over the past few months, telecom companies are likely to add 48.9 million new subscribers in...

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The credit information business is in a big mess. You will get different information from different bureaus and your scores may vary widely. Yet, credit information and credit scores are being used as revenue-generating opportunities by the industry, even as customers are sold questionable...

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MDT/PTI 25 January 2013
Maruti’s recently launched New Alto 800 has picked up well in the festive season and is expected to do well in the fourth quarter. This coupled with the order backlog for Swift, Swift Desire and Ertiga is expected to drive the demand scenario for the auto major New Delhi: Riding on good...

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PS Deodhar 25 January 2013
Forming a cooperative that shares a common brand name, common design for store-fronts, central purchasing of quality goods as competitively as Walmarts do, will enable existing family stores to retain their independence and ownership, and yet derive benefit of staying under a large umbrella...

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MDT/PTI 25 January 2013
The CDR proposal involves a 10-year door-to-door back-ended repayment plan with a reduced interest rate, which effectively means a 3% savings on interest burden for financially troubled Suzlon Mumbai: Wind energy major Suzlon said its lenders, comprising 19 banks led by State Bank of...

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MDT/PTI 25 January 2013
CCI said the proposed combination is not likely to have an appreciable adverse effect on competition in India as the size of the business instalment loans portfolio of Barclays in India is relatively insignificant New Delhi: Fair trade regulator Competition Commission of India (CCI) has...

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