COMPANIES & SECTORS


MDT/PTI 15 October 2012
Suzlon Energy, which has failed to get more time to repay overseas debt worth $221 million, has taken a severe beating in the past many months resulting in investors' wealth plunging by around Rs4,123 crore   New Delhi: Investors in debt-laden Suzlon Energy saw their wealth erode by a...

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Power generating companies presently require an estimated 300 million tonnes annually while Coal India can supply 65% of this need. The former are demanding that imported coal be made available at a subsidized price, but will they provide power at a ‘cheap’ rate?   The ‘power’...

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MDT/PTI 15 October 2012
NHB is planning to raise funding of Rs14,500 crore including Rs5,000 crore tax free-bonds in the current fiscal   New Delhi: National Housing Bank (NHB) has said it would raise Rs14,500 crore during the current fiscal from various bonds to fund its lending activity, reports...

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MDT/PTI 15 October 2012
RIL and BP are currently focused on reviving the flagging eastern offshore KG-D6 fields and bringing the Mahanadi basin NEC-25 discoveries to production   New Delhi: UK's BP plc has relinquished or surrendered 9 out of the 21 oil and gas blocks where it had bought 30% stake from...

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MDT/PTI 12 October 2012
HDFC Bank's second quarter profit increased 30% due to robust net interest income which helped it to earn quarterly revenues of Rs9,869.8 crore   Mumbai: Private sector lender HDFC Bank on Friday posted 30.1% jump in its second quarter net profit to Rs1,559.98 crore, reports...

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Moneylife Digital Team 12 October 2012
Many airports have filed cases against Kingfisher for dishonouring cheques. However, this time GMR made sure that the Court in Hyderabad issues non-bailable warrant against Vijay Mallya as well   Vijay Mallya-owned Kingfisher Airlines continues to be drawn in to more troubles for...

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Moneylife Digital Team 12 October 2012
The state electricity boards’ debt restructuring plan has to be accompanied by more liabilities to be taken on by the states. Most states have already breached their targets under the Fiscal Responsibility Act   The Cabinet Committee on Economic Affairs (CCEA) recently approved the...

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Moneylife Digital Team 12 October 2012
If the economy does not improve and the present trend continues, then LCV volume growth in FY13F/FY14F could turn out to be 17%, while MHCV volume growth could be 15%, says Nomura Equity Research   SIAM  (Society of Indian Automobile Manufacturers) has cut forecasts across segments...

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MDT/PTI 12 October 2012
The Rangarajan Committee also suggested doing away with the system of levy sugar, under which the mills are required to sell 10% of their production to the government at below market price for running ration shops   New Delhi: The Rangarajan Committee on Friday recommended...

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MDT/PTI 12 October 2012
The fresh investment by BNP Paribas and Srei Infra will take the net worth of their joint venture Srei Equipment Finance to over Rs1,660 crore   Mumbai: BNP Paribas and Srei Infrastructure said they have invested about Rs200 crore in their equal joint venture, Srei Equipment Finance...

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MDT/PTI 12 October 2012
Bankers would do everything for recovering the maximum amount from vijay Mallya-owned Kingfisher 'by all possible methods', including letting the company run again, winding up the company, sale of assets or sale of the company itself   Mumbai: State Bank of India (SBI) the lead lender...

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MDT/PTI 12 October 2012
Infosys' total revenues rose 21.7% to Rs9,858 crore during the September quarter even as it says global economic uncertainties continue to face the IT industry   Mumbai: Information technology company Infosys on Friday reported a 24.3% jump in consolidated net profit to Rs2,369 crore...

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With the mushrooming of insurance companies and growing competition there is a pressing need to protect the interest of the consumer, and this should take precedence over raising the FDI cap The government is hell-bent on attracting FDI. While this may be important, of far greater...

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In the second part of the series, the author writes about supermarkets and our very own kirana stores, and their relevance in wake of opening up of the retail sector At the bottom of the pyramid is the consumer who buys his provisions on a day-to-day basis, often limited to Rs5 to Rs10...

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MDT/PTI 11 October 2012
Suzlon's FCCBs worth $221 million or Rs1,172 crore are maturing today. The wind turbine maker has a net debt of Rs11,165 crore at the end of March 2012   New Delhi: Wind turbine maker Suzlon Energy on Thursday said bondholders have rejected its proposal seeking four-month extension to...

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MDT/PTI 11 October 2012
Unitech has 'agreed to dispose of its shareholding in Uninor for a nominal amount' and its nominees will withdraw from the Uninor Board with immediate effect New Delhi: Realty company Unitech on Thursday said it would exit from telecom joint venture with Norway's Telenor by disposing of...

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MDT/PTI 10 October 2012
Toyota is recalling its Altis and Camry variants sold in 2006 and 2008 to check and rectify faulty power window switches, free of cost New Delhi: Japanese auto giant Toyota on Wednesday said it will recall 8,700 units of its premium sedan Corolla Altis and Camry in India to rectify...

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MDT/PTI 10 October 2012
According to SIAM data, domestic car sales in September decreased by 5.36%, while motorcycle sales tumbled 18.9%, the sharpest decline in three years and nine months New Delhi: Vehicle sales in India registered steepest monthly fall in nearly four years at 9.43% in September with the...

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Moneylife Digital Team 10 October 2012
Telecom players are in a situation where neither can they shut operations easily nor they can survive due to uncertain regulatory environment. This is more like the famous dialogue of Ajit from a Bollywood film, “Dump this man in liquid oxygen. The liquid won’t let him survive, the oxygen...

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MDT/PTI 10 October 2012
  GVK received approval for the second stage of its Alpha Coal project subject to 60 strict conditions to protect matters of environmental significance, including the Great Barrier Reef World Heritage Area and the marine area in Australia   Melbourne/Hyderabad: Australian...

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