COMPANIES & SECTORS


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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MDT/PTI 22 October 2012
Dr Reddy's Lab said the company is buying Netherlands-based OctoPlus for technology and it is in the process of improving it R&D capabilities globally Hyderabad: Pharmaceutical company Dr Reddy's Laboratories on Monday said it has decided to acquire Netherlands-based OctoPlus NV, a...

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MDT/PTI 22 October 2012
Goa Chamber of Commerce and Industry is in discussion with senior RBI officials for restructuring of loans of businessmen from the state who had borrowed money to buy trucks and barges, which are now lying idle due to ban on transportation and extraction of ore Panaji: The Goa Chamber...

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MDT/PTI 22 October 2012
Despite having a confirmed ticket to travel to Hyderabad from Delhi, the passenger was not allowed to board the Kingfisher flight, while others in her group were allowed New Delhi: Kingfisher Airlines has been asked by the apex consumer commission to pay Rs30,000 as compensation and to...

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MDT/PTI 22 October 2012
Sam Ghosh, the CEO of RCap said that final regulatory framework is yet to come on this front, but Reliance Capital is certainly fully prepared on its part for the banking foray   Mumbai: Amid indications of the government and the Reserve Bank of India (RBI) gearing up to grant new...

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Air Kerala, a state government promoted venture, is set to become a reality in April next year. It remains to be seen how the Directorate General of Civil Aviation reacts to offer Air Kerala a license to fly first, after which the five-year mandatory rule will have to be overcome to enable it...

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Moneylife Digital Team 20 October 2012
Suspension of flying licence implies an immediate halt to all bookings on the entire Kingfisher network as well as through travel agents, civil aviation ministry officials said Aviation regulator Directorate General of Civil Aviation (DGCA) today suspended the flying licence of...

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Moneylife Digital Team 19 October 2012
The Tata group company's consolidated net profit for September quarter rose 49.2% due to 34.3% growth in revenues Tata Consultancy Services Ltd (TCS), India's largest information technology services company on Friday reported a 49.2% growth in its second quarter net profit on increased...

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MDT/PTI 19 October 2012
FIPB cleared proposals of footwear chain Pavers England, clothing retailer Brooks Brothers and Italian jewellary brand Damiani to invest Rs106 in single brand retail New Delhi: The Indian government on Friday cleared three foreign direct investment (FDI) proposals worth Rs106 crore in...

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Moneylife Digital Team 19 October 2012
One of the long-term investments of Rakesh Jhunjunwala has posted lacklustre results, with its operating profit as well as net profit declining VST Industries, the Hyderabad-based tobacco company, announced rather lukewarm quarterly results for the latest quarter ended September 2012. It...

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Moneylife Digital Team 19 October 2012
Gujarat Mineral Development Corporation reported a 60% jump in net sales and a 107% jump in its operating profits, comfortably beating its own averages   Gujarat Mineral Development Corporation (GMDC) has defied expectations and reported impressive September quarterly results. It...

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Moneylife Digital Team 19 October 2012
The operating gap is likely to turn positive post restructuring, but the key lies in implementation   The estimated the losses for state distribution companies (Discoms), before accounting for government subsidy, in the country is around Rs80,000 crore in FY12, up from around Rs63,500...

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MDT/PTI 19 October 2012
Shriram Vyapar, the online transaction service, specialises in bridging the gap of digital divide and help in choice with convenience and simplicity through neighbourhood agents Chennai: City-based Shriram Group has launched an online service -- Shriram Vyapar -- for transactions...

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MDT/PTI 18 October 2012
Existing operators will be allowed to bid in the auction of 900 MHz band and if they fail to win the spectrum, they will be given 18 months to move to 1800 MHz, which may put an additional burden of over Rs66,000 crore   New Delhi: The Telecom Commission has recommended that existing...

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