COMPANIES & SECTORS


Moneylife Digital Team 10 July 2013
Nomura is positive on RIL and Cairn. Among oil PSUs, it believes that upstream PSUs are vulnerable to higher subsidy share With a sharp decline in oil prices and continued monthly diesel price hikes, Nomura Equity Research estimates first quarter (1Q) under-recoveries (U/Rs) to decline...

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Nidhi Ladha  and   Vinita Nair 10 July 2013
Privately placed debt is undoubtedly the lifeline for majority of NBFCs. The stringent condition requiring sufficient security cover for privately placed debentures, including NCDs, will surely affect the NBFCs who primarily raise money by issue of debentures The primary market for...

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Moneylife Digital Team 10 July 2013
Experian has increased its bid to Rs27 from Rs25 per share to buy minimum 26% stake in High Mark, the debt-ridden and cash-strapped credit bureau from India. The question, however, is whether High Mark would exist post the deal or will it be merged with Experian Experian Credit...

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Moneylife Digital Team 10 July 2013
Without disclosing the details of the clarifications sought, SEBI has said that “clarifications (are) awaited from lead manager” for the proposed rights issue Market regulator Securities and Exchange Board of India (SEBI) has sought clarification from the merchant banker of Godrej...

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Moneylife Digital Team 10 July 2013
“You are not carrying out any business there. You cannot be expecting any profit from the land. Why should you come in the way of the state handing it back to the agriculturists?” the court said   The Supreme Court today asked Tata Motors to clear its stand on Singur land. The court...

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Moneylife Digital Team 10 July 2013
The stamp duty and registration department (Mumbai) will introduce measures to curtail many complaints against sub-registrars by property-owners over recording of agreements of sale, gift, Will and mutations, at their residences. A sub-registrar can register agreements at the residence of...

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Tamil Nadu has offered to buy the entire 5% stake proposed for divestment in Neyveli Lignite Corporation. This and the positive response from SEBI must be appreciated. In addition, it is hoped that, as a sequel, the striking unions may resume production to feed the already power-starved state

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Moneylife Digital Team 10 July 2013
In the event of the company failing to comply with the order, the regulator warned the company and its eleven promoters and directors of initiating prosecution proceedings and a civil/criminal case against them Cracking down on a “potato purchase” illegal investment scheme promising up...

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Moneylife Digital Team 09 July 2013
The Financial Stability Report released by RBI has taken note of mis-selling in the wealth management division of banks. An issue which has been constantly been highlighted by Moneylife, needs to curbed with many checks and disclosures in place Taking serious note of the mis-selling that...

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Moneylife Digital Team 09 July 2013
Earlier in May, Ranbaxy the unit of Japanese Daiichi Sankyo, paid $500 million to settle similar charges relate with manufacture and distribution of certain adulterated drugs made at Paonta Sahib and Dewas in India Ranbaxy Laboratories has agreed to pay about $420,000 to settle civil and...

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Moneylife Digital Team 09 July 2013
A sleepy stock from a company with a unique business model Kerala’s spice trade dates back to over 3,000 years. The state still remains among the world leaders in the production and export of spices. Kerala-based AVT Natural Products has enhanced these traditional strengths of the...

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Westlife Development has been locked in an upper circuit almost non-stop since January 2009. The reason: McDonalds' franchisee Hardcastle Restaurants became a direct subsidiary of this listed company. But why is it not classified an illiquid stock coming under the purview of the new call...

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Moneylife Digital Team 08 July 2013
Looking at the performance of Bata India versus its listed regional subsidiaries in Bangladesh, Pakistan and Indonesia, also shows that Bata India stands up well in comparison As a follow-up on Nomura Equity Research’s earlier report Taking the right steps, dated 5 July 2013, the...

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Moneylife Digital Team 08 July 2013
Increase in exposure to the equity market, secondary or primary, would depend on market conditions, LIC chairman, SK Roy said, adding that the Corporation has been investing in stock markets in the past few weeks as there are opportunities Unfazed by volatile stock markets, insurance...

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Moneylife Digital Team 08 July 2013
The proposed separation of real estate into a separate unit is part of RCom’s strategic plan to divest non-core assets, and focus on its core wireless and enterprise business, a statement from RCom said The Anil Ambani-led Reliance Communications (RCom) announced on Sunday it is hiving...

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Moneylife Digital Team 08 July 2013
Specific to NCC Limited, asset sale and lower working capital would provide liquidity for quicker execution of projects this year, forecasts Anand Rathi A large number of external developments —reforms delay, tightening interest rates, high inflation and dearth of funds—have knocked the...

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Moneylife Digital Team 08 July 2013
On a stretched balance sheet and working capital constraints, execution has slowed for Ramky Infrastructure. This, coupled with high interest burden, has lowered profitability. With further requirement of equity for BOT projects, balance sheet could be stressed for 3-4 quarters. Brokerage...

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Moneylife Digital Team 08 July 2013
SEBI also prohibited the promoters and directors of the company, from dealings in the shares of Gillette India, except for meeting the minimum 25% public shareholding limit, till the time of their compliance to this requirement Taking action against promoters of Gillette India for...

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That NSDL is now being split is a very positive development, but the finance ministry and the regulator must also ensure clear regulation and supervision of all non-depository businesses On 25th June, media reports said that the National Securities Depository Limited (NSDL), India’s...

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Initially, Air Asia India, the JV between the Malaysian carrier and  the Tatas, plans to concentrate on the South, connecting cities and providing stops at unconventional routes to take care of customer needs    In the last few days, the sky is overcast with air turbulence caused by...

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