COMPANIES & SECTORS


MDT/PTI 26 October 2012
Net NPAs of Punjab National Bank jumped to Rs7,883.43 crore from Rs2,088.51 crore in the year ago period while its NPA provisioning jumped 257% to Rs1,140 crore during the July-September quarter New Delhi: State-owned Punjab National Bank (PNB) on Friday reported a 11.6% drop in net...

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MDT/PTI 26 October 2012
When DGCA expressed concern about the airline's financial health as it was not going to get any money either from its lenders or its banks, Kingfisher officials informed the regulator that they would be arranging funds for operations through internal resources New Delhi: Beleaguered...

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MDT/PTI 26 October 2012
Valia, the brother-in-law of Dilip Shanghvi of Sun Pharma, is the new partner for Telenor in India after ending its telecom joint venture with Unitech   New Delhi: After ending its telecom joint venture Uninor with Unitech, Norway's Telenor on Friday said it has signed Lakshdeep...

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MDT/PTI 26 October 2012
The Ministry said that all private airlines, including foreign airlines, may undertake self handling in respect of 'passenger and baggage handling activities at the airport terminals' and 'traffic service including the passenger check-in', which require passenger interface, at all...

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MDT/PTI 26 October 2012
While Kotak Mahindra Bank's total revenues increased over 47%, its net interest margin declined to 4.7% from 4.8% same period a year ago   Mumbai: Kotak Mahindra Bank reported a 16% rise in consolidated net profit at Rs502 crore in the second quarter ended 30th September on the back...

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Moneylife Digital Team 25 October 2012
Mahindra & Mahindra, a market leader in the utility vehicle segment, came out strong by posting healthy sales and profit figures despite a very challenging economic climate   Mahindra & Mahindra (M&M), one of the largest utility vehicles manufacturers in India, reported strong...

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Moneylife Digital Team 25 October 2012
Pesticides’ demand is better than that of fertilizers and offers positive outlook, says Espirito Santo Securities in its market update on the agri-inputs sector   Fertilizer dealers have pointed out that it would take some more time for demand to pick up in the fertilizers’ market....

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MDT/PTI 25 October 2012
Resumption of Kingfisher's flight operations may take at least three to four weeks as the airline has to get its suspended flying license revoked by the DGCA which also has to satisfy itself on safety issues as well as the viability of their financial and operational plans   New...

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MDT/PTI 25 October 2012
The Maran-owned Sun TV's bid of Rs85.05 crore per annum for the Hyderabad franchisee represent a premium of over 100% than the money paid by Deccan Chargers   Mumbai: Sun TV Network on Thursday won the Hyderabad franchise of the Indian Premier League (IPL) for Rs85.05 crore per year,...

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MDT/PTI 25 October 2012
Pointing to the signs of heightened competition, the housing finance regulator sees further price wars among banks and the housing finance companies Mumbai: Housing finance regulator National Housing Bank (NHB) has said there is scope for "further price wars" in the country's housing...

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MDT/PTI 25 October 2012
The state-run bank raised $500 million from overseas market, the second and final tranche under its medium term note programme size of $1 billion New Delhi: State-owned Syndicate Bank has raised $500 million (about Rs2,600 crore) through bonds to fund its overseas business growth,...

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Moneylife Digital Team 23 October 2012
The company had reported an extremely disappointing quarter as it changes its production plans over the last two months. The company sales declined 11% amidst increased competition Hero MotoCorp, the world’s largest two-wheeler manufacturer, published a very poor second quarter results,...

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Moneylife Digital Team 23 October 2012
Global demand remains weak due to an uncertain economy, putting pressure on the profit margins of steel makers Posco, a South Korea-based company, Asia’s third-biggest steelmaker and the world’s fourth-biggest steel producer by 2011 output according to rankings by the World Steel...

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Moneylife Digital Team 23 October 2012
The 3rd largest pharma company in India recorded yet another strong quarter and has managed to expand business in Europe despite challenging conditions   Lupin, the fifth largest and fastest growing generics player in the US and third largest company by sales in India, reported good...

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MDT/PTI 23 October 2012
Insurance industry representatives are pitching for de-tariffing of motor insurance, development of pricing mechanism for health insurance business and lowering of the MAT   New Delhi: Finance Minister P Chidambaram has asked general insurance companies to come up with specific...

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MDT/PTI 23 October 2012
Total revenues of BoB, including interest income, rose by 19.6% to Rs9,550.86 crore   Mumbai: Public sector lender Bank of Baroda (BoB) posted 11.6% rise in net profit to Rs1,301.39 crore for the July-September quarter on the back of good growth in core income, reports...

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Moneylife Digital Team 22 October 2012
Despite difficult economic climate and high interest rates, the company has reported impressive September quarterly results, with 43% increase in net revenues and 38% increase in net profit   Mahindra & Mahindra Financial Services (MMFS), of which 56% is owned by Mahindra & Mahindra,...

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MDT/PTI 22 October 2012
While the Vijay Mallya-owned Kingfisher Airlines is offering up to three instalments of salary dues before Diwali, the striking employees insisted on a written assurance alleging that the management had earlier backtracked   Mumbai/New Delhi: A fresh bid was made on Monday by...

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MDT/PTI 22 October 2012
L&T's second quarter net profit rose 42%, while total revenues increased to Rs13,525 crore from Rs11,564 crore a year ago   New Delhi: Engineering and construction company Larsen and Toubro (L&T) on Monday reported 42.4% rise in its second quarter net profit to Rs1,137 crore, reports...

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Moneylife Digital Team 22 October 2012
Despite being the world’s third largest manufacturer of motorcycles, Bajaj Auto  announced a disappointing quarter amidst stagnant economy with high inflation and lacklustre sales Bajaj Auto, which manufacturers 'Discover', the world’s largest selling motorcycle brand, has announced...

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