COMPANIES & SECTORS


Moneylife Digital Team 06 June 2013
Mukesh Ambani had in the last Annual General Meeting announced an investment of Rs1,00,000 crore over 4-5 years, which has now been expanded to Rs. 1.5 lakh crore and time compressed to 3 years Reliance Industries (RIL) on Thursday announced an investment of Rs1.5 lakh crore in core...

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Moneylife Digital Team 06 June 2013
A consumer was denied home loan because CIBIL mixed up his credit history or record with someone else. Another was denied a loan due to gender mismatch. This could happen to you as well Moneylife and Moneylife Foundation have been continuously raising question on the quality of credit...

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Moneylife Digital Team 06 June 2013
Citing a Supreme Court order of August 2010, the national auditor has asked Telecom Regulatory Authority of India (TRAI) to submit revenue sharing details and documents of private telecom operators for assessment by 20th June The Comptroller and Auditor General of India (CAG) has sought...

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Moneylife Digital Team 05 June 2013
The services sector which accounts around 60% of the India's GDP expanded largely driven by higher levels of new work placed at private sector firms in India, an HSBC survey said on Wednesday India’s services sector activity expanded in May and the pace was the fastest in three months,...

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Moneylife Digital Team 05 June 2013
The Union Cabinet of ministers has just cleared a bill to set up a real estate regulator. What does it mean to you? Property is the single largest asset that an Indian saver creates for himself after long years of saving; most Indians do not invest in stocks or mutual funds. Over the...

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Moneylife Digital Team 05 June 2013
Lakhs of customers of HDFC Bank across the country would not be able to do shopping, both online or offline, or any transaction using ATMs, debit cards on Saturday and Sunday as the lender wants to 'upgrade' its systems Private sector lender HDFC Bank has decided to take a break during...

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Moneylife Digital Team 05 June 2013
Jaguar Land Rover’s May 2013 retail sales volume in the US came in at 4,989 units, up 11% y-o-y while other luxury OEMs have reported volume growth in the range of 8%-15%.  However, Nomura doesn’t expect the Tata Motors stock to react significantly to this data Jaguar Land Rover’s (JLR)...

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Moneylife Digital Team 05 June 2013
Given the competitive landscape and supply constraints faced by Perrigo and West Ward, Nomura believes the generic Depo Testosterone would be an interesting opportunity for Sun Pharma Sun Pharma on Tuesday announced that it had obtained final approval for generic Depo Testosterone ($130...

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Moneylife Digital Team 05 June 2013
Assuming the historical run rate over the past few years, Nomura expects the restructured loan delinquency for large PSU banks like PNB, BoB and SBI to go up 130% to 360% Worried over rising non-performing assets (NPAs), the Reserve Bank of India on 30 May 2013 tightened rules for...

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Moneylife Digital Team 04 June 2013
The information sought by Lokeshwar Dev included copies of complaints against him, and also other details including SEBI’s opinion and clarifications on matters concerning the case In an unusual use of the Right to Information (RTI) route, the main accused of over Rs 1,500-crore...

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Moneylife Digital Team 04 June 2013
According to stock brokerages, while the return of Narayana Murthy is positive for Infosys in terms of leadership, he will have to take care of the company's communication strategy, succession plan, cash management and cost control The second inning of Infosys founder NR Narayana Murthy...

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Moneylife Digital Team 04 June 2013
Credit growth for the banking sector as on 17 May 2013 stands at 14.7% y-o-y and deposit growth stands at 13.5% y-o-y, says Nomura Equity Research in its Quick Note • As of April 2013, aggregate non-food credit growth was 13.8% y-o-y with primary contributions from industry ex...

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Moneylife Digital Team 04 June 2013
Strong growth in tractor volumes are driven by improved customer sentiment on expectations of a good monsoon this year and improved Rabi crop realizations, says Nomura Equity Research in its Quick Note on the automobile industry Most of the auto companies have reported May 2013 sales...

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Moneylife Digital Team 03 June 2013
Cadila Healthcare’s 4Q was ahead of estimates by 10% at the operating level, driven by higher royalty income in the quarter. Though there is limited clarity on FY14 US launches, Nomura believes FY15 launches are likely to be significant enough to drive margins CDH’s (Cadila Healthcare)...

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Moneylife Digital Team 03 June 2013
With domestic volume declines likely to continue in the near term and not much new incremental LNG re-gas capacity available in Gujarat, volume growth outlook looks muted in the near term, said Nomura in report on GSPL’s Q4 performance GSPL’s (Gujarat State Petronet) reported PAT of...

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Moneylife Digital Team 03 June 2013
Unless private investments are of good quality, they can become regressive and lead to crony capitalism, as it has happened all along in the PPP model, says EAS Sarma EAS Sarma, former secretary of the Government of India, has said that public–private partnership (PPPs) are certainly not...

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Moneylife Digital Team 03 June 2013
Amidst growing uncertainty over consumer demand and economic signals, the banking sector continues to grow. While the credit offtake did not grow as expected, earnings too disappointed during the March quarter, says Kotak The banking sector continues to grow, amidst growing uncertainty...

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Moneylife Digital Team 03 June 2013
“The prospect of a good monsoon would also add buoyancy to the farmers’ morale and lead to a stronger growth for the overall agricultural sector,” M&M Chief Executive, Tractor and Farm Mechanisation, Rajesh Jejurikar said Mahindra & Mahindra’s (M&M) tractor sales rose 24.24% to 23,626...

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Moneylife Digital Team 03 June 2013
The National Consumer Disputes Redressal Commission ordered the real estate major to reimburse nearly Rs14 lakh spent by a customer on rent after the flat for which he paid over Rs1.37 crore in 2007 was not handed over to him till date Realty major Unitech has been directed by the apex...

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Moneylife Digital Team 03 June 2013
Overall, the PMI suggests the economy is in a weak growth/low inflation environment India’s manufacturing PMI moderated to 50.1 in May from 51 in April. In Q2 (Apr- May), the PMI has averaged 50.6 versus 53.1 in Q1, suggesting that the manufacturing growth momentum weakened early in...

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