COMPANIES & SECTORS


Moneylife Digital Team 03 January 2014
BG Srinivas and UB Pravin Rao in their new role as president at Infosys will focus on global markets, delivery and service innovation Infosys Ltd on Friday appointed BG Srinivas and UB Pravin Rao as the presidents of the company with immediate effect. Both the presidents will report to...

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Moneylife Digital Team 03 January 2014
RBI allowed Karur Vysya Bank to increase FII investment limit to 40 % from 35% Private sector lender Karur Vyasa Bank (KVB) has been allowed by the Reserve Bank of India’s (RBI) to increase investment limit to 40% from 35% for foreign institutional investors (FIIs).   However RBI...

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Considering the hardship to mine labourers and their families, fall in export, starving of supplies to the domestic level, steel industry and miners are hoping for a positive reaction from the Supreme Court for Goa as well At the close of 2013, the good news is the lifting of the ban...

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Moneylife Digital Team 31 December 2013
According to NPAsource.com, Maharashtra, largely due to Mumbai, tops both the categories of commercial and residential NPA properties for sale Commercial and residential properties of non-performing assets (NPAs) with banks and financial institutions worth an estimated Rs7,700 crore are...

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In order to increase coal production, Moily must ensure that projects do not get inordinately delayed on the issue of clearances that apparently plague the industrial development, particularly in the mining industry With Jayanthi Natarajan leaving the ministry and Veerappa Moily taking...

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Moneylife Digital Team 30 December 2013
Tesco is the first global retailer to apply for multi-brand retailing after the Indian government allowed 51% FDI in the segment The Foreign Investment Promotion Board (FIPB) on Monday approved UK-based Tesco Plc's proposal to enter Indian multi-brand retail segment in a joint venture...

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Moneylife Digital Team 30 December 2013
Welspun Corp is selling its entire 39.88% stake in Leighton Welspun Contractors India Pvt Ltd for $99 million and would the money to reduce its debt Welspun Corp Ltd (WCL) said its unit Welspun Infra Projects Pvt Ltd will sell its entire 39.88% stake in Leighton Welspun Contractors India...

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Moneylife Digital Team 30 December 2013
With its second major overseas divestment in just nine months, the GMR group expects to reduce its debt by about Rs5,000 crore GMR Group on Monday said it signed a definitive agreement with Malaysian Airports Holding Berhard (MAHB) to divest its 40% stake in Istanbul Sabiha Gökçen (ISG)...

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Moneylife Digital Team 26 December 2013
Post the sale, Morgan Stanley holds just over 1,000 shares in Jindal Saw Financial services company Morgan Stanley has sold its almost entire stake in Jindal Saw Ltd through open market operations. No financial details were provided.   Following the sale, Morgan Stanley now holds...

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Western pharmaceutical companies are out to make as much money as they can, not bothering about human welfare. Indian pharmaceuticals mostly have the ‘me-too’ mentality and do only copycat research It was Oliver Wendell Holmes who wrote: “I firmly believe that if the whole materia...

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HDFC Mutual Fund is one of the top asset managers in the mutual fund industry and yet, surprisingly, spent nearly 4%-5% of the total assets of Morgan Stanley to increase its own asset base by a meagre 3%   Morgan Stanley Mutual Fund is selling around Rs3,300 crore of assets to HDFC...

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Chandragupta Acharya 24 December 2013
Simplifying legal and procedural hurdles in completing a housing project and eliminating corruption will do far more to address housing shortage in the city than redeveloping clusters The Maharashtra government has ‘in principle’ accepted the revised recommendations of a study group on...

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Moneylife Digital Team 24 December 2013
NSEL received Rs11 crore as part of their settlement agreement under which Mohan India had agreed to pay dues of Rs771 crore over 12 months National Spot Exchange Ltd (NSEL) said it has advised banks to disburse Rs11 crore to investors that was lying in its escrow account. NSEL said it...

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Moneylife Digital Team 23 December 2013
HDFC Mutual Fund recently announced the acquisition of the schemes of Morgan Stanley Mutual Fund   HDFC Mutual Fund today announced the signing of a definitive agreement for it to acquire all the eight schemes of Morgan Stanley Mutual Fund in India. Morgan Stanley has been into the...

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Moneylife Digital Team 23 December 2013
According to CRISIL, top 20 PSUs with a pre-dividend corpus of Rs1.6 lakh crore, can comfortably pay special dividends of Rs27,000 crore and above to heldp reduce fiscal deficit by 20 basis points CRISIL Research, has estimated that the Indian government can reduce its fiscal deficit by...

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Coal India’s move to review dividend, buy-back arrangement and a stake sale was not conclusive as the same has been postponed to February, due to a strike threat by the workers’ union India boasts 7% proven global reserves of coal, estimated at 60 billlion tonnes, and Coal India Ltd...

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Moneylife Digital Team 21 December 2013
Deccan Chronicle Holding concealed several facts like its status as newspaper publisher, links with IPL team, criminal cases against its chairman and action taken by lenders under SARFAESI Act, which resulted in BIFR rejecting its appeal Deccan Chronicle Holdings Ltd (DCHL), the...

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Moneylife Digital Team 20 December 2013
According to Narayana Murthy it is difficult to imagine Infosys without Bala's passion, commitment and intellect   V Balakrishnan, who was with Infosys Ltd since 1991 and served the information technology (IT) company in various capacities, had resigned. This is yet another high...

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Moneylife Digital Team 20 December 2013
FMC has nominated SN Ananthasubramanian as an independent director on the board of MCX, following resignation from retired IAS officer RM Premkumar    Commodities market regulator Forward Markets Commission (FMC), has nominated SN Ananthasubramanian, president of the Institute of...

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For the time being, until the new wells start gushing out the gas, we have no alternative but to continue our dependence on imports Although systems are in place for continuous exchange of information on actual production of natural gas on a daily basis, the fall in production, and...

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