COMPANIES & SECTORS


MDT/PTI 30 January 2013
Steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5% for Shoppers Stop in December quarter   Mumbai: Retail chain Shoppers Stop (SSL) reported a 11.4% decline in standalone net profit to Rs17.09 crore for the third quarter ended...

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Moneylife Digital Team 29 January 2013
During the December quarter, the price of new launches was 24% lower than that of existing supply, indicating possible signs of a correction, says a report by Liases Foras The residential market across India witnessed less offtakes or sales during the third quarter to end-December...

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MDT/PTI 29 January 2013
Canara Bank has about 3,200 ATMs spread across the country at present and plans to increase the count to around 5,000 by 2014   New Delhi: State-owned Canara Bank said it will open 2,000 ATMs by March 2014, taking the total number of cash dispensing machines to over 5,000 by the end...

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MDT/PTI 29 January 2013
The state-run lender’s net interest income rose 11.7% to Rs2,308.5 crore during December quarter, while its total revenues increased 12% to Rs 8,960 crore   Mumbai: State-run Bank of India (BoI) has reported 12.15% rise in net profit at Rs803.48 crore in the third quarter on the back...

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MDT/PTI 29 January 2013
The Tata group company accepted that in the past there has been a significant gap between the introductions of new products and would like to bring it (the time gap) down drastically   New Delhi: Chasing number two spot in the Indian passenger vehicle market, Tata Motors has said it...

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MDT/PTI 28 January 2013
The Vijay Mallya-owned airline owes Rs290 crore to AAI towards landing and parking fees and the Authority insisted said that its dues must be cleared before Kingfisher is allowed to fly again Mumbai: Spelling fresh trouble for beleaguered Kingfisher Airlines, state-run Airports...

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MDT/PTI 28 January 2013
For the fifth time this fiscal, Mukesh Ambani-led Reliance Industries, which has a surplus cash of over Rs75,000 crore, is raising long-term debt citing historically low interest rates from the overseas markets Mumbai: Reliance Industries (RIL), which is sitting on over Rs75,000 crore in...

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MDT/PTI 28 January 2013
According to CMIE, telecom user base in India is expected to increase in the next fiscal on the back of the rural thrust of operators   Mumbai: Despite a steep fall in the customer base over the past few months, telecom companies are likely to add 48.9 million new subscribers in...

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The credit information business is in a big mess. You will get different information from different bureaus and your scores may vary widely. Yet, credit information and credit scores are being used as revenue-generating opportunities by the industry, even as customers are sold questionable...

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MDT/PTI 25 January 2013
Maruti’s recently launched New Alto 800 has picked up well in the festive season and is expected to do well in the fourth quarter. This coupled with the order backlog for Swift, Swift Desire and Ertiga is expected to drive the demand scenario for the auto major New Delhi: Riding on good...

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PS Deodhar 25 January 2013
Forming a cooperative that shares a common brand name, common design for store-fronts, central purchasing of quality goods as competitively as Walmarts do, will enable existing family stores to retain their independence and ownership, and yet derive benefit of staying under a large umbrella...

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MDT/PTI 25 January 2013
The CDR proposal involves a 10-year door-to-door back-ended repayment plan with a reduced interest rate, which effectively means a 3% savings on interest burden for financially troubled Suzlon Mumbai: Wind energy major Suzlon said its lenders, comprising 19 banks led by State Bank of...

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MDT/PTI 25 January 2013
CCI said the proposed combination is not likely to have an appreciable adverse effect on competition in India as the size of the business instalment loans portfolio of Barclays in India is relatively insignificant New Delhi: Fair trade regulator Competition Commission of India (CCI) has...

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MDT/PTI 25 January 2013
Banks are encouraged by the RBI to consider the option of raising Tier II capital through public issue to retail investors while issuing subordinated debt Mumbai: The Reserve Bank of India (RBI) has asked banks to issue bonds to retail investors so as to deepen the corporate debt market,...

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MDT/PTI 25 January 2013
According to sources the Centre is likely to approach TRAI regarding the steep hike in call rates by some operators New Delhi: A day after mobile charges were hiked by leading operators, telecom minister Kapil Sibal has said consumers should be offered the lowest call rates. “We want...

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Moneylife Digital Team 24 January 2013
Some of India's biggest banks which reported the highest increase in net NPAs in 2011-12, faced further deterioration in asset quality in the first half of 2012-13 too, says a research report During 2011-12, more than a dozen banks, including domestic and foreign have reported over 100%...

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MDT/PTI 24 January 2013
During the quarter to end-December, L&T's net sales rose 10.34% to Rs15,429.36 crore from Rs13,983.61 crore mainly on 25% increase in other income, especially interest earned on deposits Mumbai: Engineering and construction company Larsen and Toubro (L&T) on Thursday reported over 13%...

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MDT/PTI 24 January 2013
The telecom tribunal denied the plea of Tata Communications to direct the state-run company to produce the internal letter based on which IUC amounts were paid by MTNL to the company New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has allowed the plea of Tata...

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MDT/PTI 24 January 2013
The air conditioner market has been almost stagnant for the last two-three years due to delayed projects in the real estate sector Chennai: Slowing down of the economy and delay in real estate projects are among the reasons that have led to stagnation in the air conditioner market for...

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Moneylife Digital Team 23 January 2013
The institutional research firm picks Wipro to finish first, followed by Infosys, as it expects industry dynamics to improve in FY13-14. The Economist, however, doesn’t foresee a good future for the Indian IT industry Espirito Santo Securities (ESS) believes that the information...

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