COMPANIES & SECTORS


Moneylife Digital Team 09 May 2013
The apex court said it cannot sit on judgement on the decision taken by parties in a business dealing The Supreme Court on Thursday refused to interfere in the $8.5-billion Cairn-Vedanta deal and dismissed a public interest litigation (PIL) that had challenged validity of the...

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Moneylife Digital Team 09 May 2013
The Aditya Birla Group company saw its net profit rocket up helped by net sales and trimming of long-term debt Aditya Birla Chemicals (India) Ltd, has reported above average net sales growth. For the quarter to end-March, the Aditya Birla Group reported total revenues, including sales,...

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Moneylife Digital Team 08 May 2013
The company has delivered on the sales front but saw weak operating profit and benign net profit growth The net sales of Vinati Organics increased 20% for the quarter ended March 2013 over the same period last year. For the same quarter, operating profit grew 4% y-o-y to Rs37.46, after a...

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Moneylife Digital Team 08 May 2013
Aided by strong demand for home loans from individuals, HDFC reported 17% growth in fourth quarter net profit Housing Development Finance Corporation (HDFC), the country's largest home finance company reported a 17% growth in its fourth quarter net profit on robust loan...

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Moneylife Digital Team 08 May 2013
Rupee depreciation, steep rise in global LNG prices and economic slowdown, impacted Gujarat Gas’ gas sales volumes in C12 and 1QC13. However, now the LNG prices have softened and the company expects sales volume to pick up, says SBI Cap Due to increased LNG cost, the blended gas cost...

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Moneylife Digital Team 08 May 2013
The US authorities are investigating possible tax evasion by the American residents of Indian origin through use of their accounts with HSBC India The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) has said it may face 'significant' penalties from the US authorities regarding an...

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The coal ministry has proposed to replace the 26% profit sharing between coal and lignite miners with project people with a new royalty payment system It may be recalled the Mines and Mineral (Development and Regulator) Bill of 2011, to replace the old one was tabled in the Parliament in...

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Moneylife Digital Team 07 May 2013
217 companies from the Moneylife sample of 1,190 companies that have declared results so far, reveals muted sales growth but strong operating profit growth during the March quarter Of the 217 that have declared results so far out of the 1190 companies in the Moneylife database, net sales...

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Moneylife Digital Team 07 May 2013
In the RFDP for MA field, RIL has scaled down the investment by $276 million to $1.96 billion The Indian government has asked for certain clarifications on revised investment plan submitted by Reliance Industries Ltd (RIL) for its main gas producing fields in the eastern offshore KG-D6...

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Moneylife Digital Team 07 May 2013
Startup Village, mentored by Kris Gopalakrishnan, is India's first PPP model technology business incubator Angel fund Startup Village, which has Kris Gopalakrishnan, the co-founder of Infosys as chief mentor, has received permission from the market regulator to raise funds. Securities...

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Theodoric Meyer (ProPublica) 06 May 2013
The drug maker denies wrongdoing, but the Justice Department and a whistleblower say Novartis used cash and meals to get doctors to prescribe its drugs On Jan. 23, 2008, the pharmaceutical company Novartis threw a party at a restaurant on Long Island. The party, which cost $1,250, was...

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Moneylife Digital Team 06 May 2013
While growth continues to be driven by large industries, trade services, NBFCs and retail, the mid-corporate segment is still exhibiting weak credit offtake, says Religare Capital Markets February credit data released by the Reserve Bank of India (RBI) indicates that credit pick-up...

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Honda Amaze lives up to the reputation of its manufacturer The Honda Amaze is essentially a Honda Brio with a small boot which makes it a bit cramped inside, especially compared with the Maruti Suzuki Swift (with a boot), and the Maruti Suzuki D’Zire. The Amaze is likely to do very well,...

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Moneylife Digital Team 03 May 2013
As per the agreement, Qatar Foundation Endowment will subscribe to 199,870,006 new shares of Bharti at a price of Rs340 per share amounting to a total consideration of Rs6,796 crore Private sector telecom services major Bharti Airtel on Friday announced that it will sell 5% stake to...

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Moneylife Digital Team 03 May 2013
Nomura Equity Research believes that better April 2013 volumes could possibly be an initial sign of potential improvement in the demand environment, going ahead Most of the Indian automobile manufacturers have reported their April 2013 sales numbers. Overall, volumes have been above...

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Fortunately, in the case of SAIL, the Cabinet Committee for Investments, headed by prime minister Manmohan Singh, has stipulated that “within a month” MOEF is to issue clearance after obtaining the necessary information from the Jharkhand government, to facilitate commencement of work at the...

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Moneylife Digital Team 02 May 2013
Price acceleration was persistent across the markets, with the highest rise being in Bengaluru, says Liases Foras’ quarterly report on the realty sector The residential realty sector in India is going through a phase of lull, according to Liases Foras’ quarterly report on the sector. In...

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Moneylife Digital Team 29 April 2013
Despite slumping sales and a sluggish cement industry, its net profit was boosted due to lower depreciation   Shree Cements has posted a net profit of Rs274.09 crore for the quarter ended 31 March 2013 as compared to Rs114.28 crore for the quarter ended 31 March 2012. Total Income has...

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Moneylife Digital Team 29 April 2013
With recent declines in oil prices, subsidy concerns have eased for FY14. Bharat Petroleum thinks that the government will keep allowing the monthly diesel price hike, and did not seem much concerned about no diesel price hike this month, said Nomura in its note on the company  

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In order to maintain and support agriculture, it is imperative that gas is made available to this industry, thus reducing its subsidy for urea. However, such a move will correspondingly affect other consumers such as power generators, which will have a rippling effect on industry and trade....

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