COMPANIES & SECTORS


Moneylife Digital Team 15 May 2013
Kejriwal alleged that Sibal has a 'conflict of interest' in the case involving Vodafone as his lawyer son Amit 'continues to defend' Hutchinson Arvind Kejriwal led Aam Aadmi Party (AAP) on Wednesday alleged that soon after taking charge as law minister, Kapil Sibal has overturned his...

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Moneylife Digital Team 15 May 2013
Health officials have revoked Johnson & Johnson’s (J&J) licence to make cosmetics at a plant in Mulund (outside Mumbai) after they discovered that the company had used an unauthorised process for sterilising its baby powder, according to a newpaper report. No consumer complaints or adverse...

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Moneylife Digital Team 15 May 2013
During 2007-2008, Delhi-based Ashutosh Sinha was badgered with innumerable telemarketing calls by direct selling agents (DSAs) of the Hong Kong and Shanghai Banking Corporation (HSBC). Incidentally, HSBC had rejected Mr Sinha’s application for a credit card and then wanted to sell him ‘other...

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Moneylife Digital Team 15 May 2013
A consumer court in Ahmedabad imposed a fine of Rs20,000 on Pepsico Holding India Pvt Ltd after its soft drink was found contaminated. The complaint against the company was filed by Gautam Trivedi who purchased a bottle of soft drink for Rs15 from Mahalaxmi Nashta House in Naroda. He also got...

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Moneylife Digital Team 15 May 2013
NTPC has withheld payment of Rs25.3 billion on account of the impasse on the quality of coal received (as admitted by NTPC) versus coal supplied (as billed by Coal India), points out Nomura Equity Research in its Quick Note State-owned power utility major NTPC has proposed a final...

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Moneylife Digital Team 15 May 2013
Given that the tariff applies from November 2008, GAIL will have to return excess tariff/ship-or-pay charges to customers, says Nomura Equity Research in its First Look note   The Petroleum and Natural Gas Regulatory Board (PNGRB) has made it clear that the approved tariff for the KG...

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Moneylife Digital Team 14 May 2013
  The B-787s have remained grounded since 17th January after a fire in the lithium-ion batteries of a parked plane in Boston and a case of forced landing of another B-787 for the same reason in Japan   Government-owned national carrier Air India is expected to resume domestic...

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Moneylife Digital Team 14 May 2013
While the long-term picture for Nestle India is still intact, near-term growth concerns will weigh the company’s stock down, says Nomura Equity Research   Nestlé India's revenues and adjusted net profit growth of less than 10% during the March quarter continue to be underwhelming...

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Moneylife Digital Team 14 May 2013
During the quarter there was a tax write-back of Rs4.8 billion which boosted the net profit for Bank of Baroda, points out Nomura Equity Research in its Quick Note   Bank of Baroda’s management expects domestic loan delinquency for the next couple of quarters to be at the level seen...

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Moneylife Digital Team 14 May 2013
Despite difficulties in the automotive sector, the company has managed to scale new milestones as its market capitalisation crossed Rs5,000 crore   Amara Raja Batteries recorded net sales of Rs 801 crore for the quarter ended 31 March 2013 when compared to the Rs672 crore for the...

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Moneylife Digital Team 14 May 2013
The company has pieced in decent quarterly numbers despite a slowdown in the commercial vehicles segment. The stock is currently trading at its 52-week high   Eicher Motors, manufacturer of the flagship Royal Enfield brand of motorcycles, has posted a net profit of Rs97.20 crore for...

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Moneylife Digital Team 14 May 2013
Ranbaxy USA pleaded guilty to “felony charges” relating to manufacture and distribution of certain adulterated drugs. The generic drugs at issue were manufactured at Ranbaxy’s facilities in Paonta Sahib and Dewas in India   Pleading guilty to “felony charges” relating to manufacture...

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Moneylife Digital Team 13 May 2013
High Mark Credit Information Services' promoter Prof Dr Pandya is negotiating with another credit bureau for an asset sale including about 250 million records collected from members. This is a gross violation of CIRC Act, alleges a former employee in a complaint to the...

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Moneylife Digital Team 13 May 2013
Self-acquired regulatory power for registering, accrediting and regulating the engagement of air cargo agents in India is alleged to have enabled IATA to indulge in anti-competitive activities, the CCI said   Competition Commission of India (CCI) is probing allegations of...

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The court will only interfere when any policy is “unconstitutional, contrary to statutory provisions or arbitrary or irrational or there is total abuse of power,” the Supreme Court said   In a landmark judgement, a three-judge Supreme Court bench of justices RM Lodha, Mohan B Lokur...

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Moneylife Digital Team 13 May 2013
During the quarter, there was an exceptional gain for Ashok Leyland of Rs1.34 billion mainly on sales of IndusInd shares. The company reported an EBITDA margin of 5.3% for the March quarter below Nomura's expectation of 10.9%   Ashok Leyland declared adjusted net profit of Rs157...

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Moneylife Digital Team 13 May 2013
Cummins India could recoup some of its lost ground on the back of a one-time gain of Rs491 million from sale of investments, says Nomura Equity Research in its First Look on the company’s stock   Cummins India reported weak quarterly results in the fourth quarter of FY13 on the back...

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Moneylife Digital Team 13 May 2013
The tax demands, which include taxes on income and services, are for financial years 2003 to 2010, WNS had said in its annual report for 2012-13 given to the US Securities Exchange Commission   After Vodafone, Nokia and Shell, WNS is the latest multinational company (MNC) that has...

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Jubilant Foodworks, which owns the Dominos and Dunkin’ Donuts brands, has fared poorly throwing up questions on whether the quick service restaurant (QSR) has saturated or not. Edelweiss has recommended a ‘Hold’ call to its clients   Jubilant Foodworks (JFL), which runs the Dominos...

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Moneylife Digital Team 10 May 2013
Total sale of vehicles across categories registered a decline of 0.34% to 14,67,492 units in April 2013 against 14,72,452 units in the same month of 2012, according to the data released by the Society of Indian Automobile Manufacturers   Domestic passenger car sales declined by 10.43%...

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