COMPANIES & SECTORS


Moneylife Digital Team 19 December 2012
According to sources, the credit bureau has almost run through the Rs43 crore it has raised and is about to cease operations in a couple of months, unless it finds a new investor High Mark Credit Information Services, one of the four credit information companies (CICs) in India, licensed...

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MDT/PTI 19 December 2012
IndiaFirst Life Insurance said it expects IRDA approval in a month and then will introduce standard products in the market that can be sold off-the-shelf even through kirana stores Kolkata: The proposed standard product on micro insurance for the insurance industry is expected to get the...

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Vehicle tracking devices enable consumers to ensure security and track cars in case of theft Installation of a well-concealed tracking device inside a luxury car, an Audi Q7, one of the most ‘in demand’ luxury cars in India, reconfirms what has been common knowledge for a long...

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MDT/PTI 18 December 2012
The IPO would comprise at least 25% of equity capital giving a valuation of Rs2,800 crore to Bharat Business Channel, which provides direct-to-home TV services under Videocon D2H brand Mumbai: Bharat Business Channel, satellite TV arm of Videocon Group, has filed its papers with market...

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MDT/PTI 18 December 2012
The board of Axis Bank approved to raise Tier-I capital of the lender through GDRs or QIP issue and preferential issue to promoters of the bank New Delhi: Axis Bank said it proposes to raise funds by offering 4.58 crore shares by various means, including qualified institutional placement...

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MDT/PTI 18 December 2012
While the initial focus is cross-border M&As, the relationship between Axis Capital and Baird also encompasses other investment banking engagements like public offerings in the US and private placements of equity Mumbai: Axis Capital, the investment banking arm of Axis Bank, has entered...

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MDT/PTI 18 December 2012
As per the tentative plan, Vijay Mallya told lenders he can resume operations with five aircraft and it could be scaled up to 21 planes within six weeks. He also said he does not require fresh loan or funding from lenders to restart the airlines' operations Mumbai: Kingfisher promoter...

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MDT/PTI 17 December 2012
The report 'Envisioning the Next Telecom Revolution' by FICCI, DoT and AT Kearney, attributed the decline in ARPU to rapidly evolving technology environment and increased cost to support improved customer service offerings New Delhi: The average revenues per user (ARPU) of mobile...

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MDT/PTI 17 December 2012
SEBI said Pantaloon paid Rs6.5 lakh towards settlement charges and Rs1 lakh as legal expenses, pursuant to which the proceedings initiated by the regulator stand settled Mumbai: Capital markets regulator Securities and Exchange Board of India (SEBI) has agreed to settle a case related to...

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Moneylife Digital Team 14 December 2012
Kotak Institutional Equities maintains a ‘positive’ outlook on NBFCs and expects Mahindra Finance, Shriram Transport, IDFC and Reliance Capital while bearish on HDFC, Rural Electrification Corporation (REC), Bajaj Finserv Kotak Institutional Equities (Kotak) has voiced positive...

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Moneylife Digital Team 14 December 2012
The amendment bill (banking) is a step towards issuing new licenses for banks, but not the final step, says Kotak Institutional Equities update on the banking sector   Kotak Institutional Equities, in its banking sector update, is guarded about the recent excitement surrounding bills...

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MDT/PTI 14 December 2012
The reserve price for 1800 MHz band in the service areas of Delhi, Mumbai, Karnataka and Rajasthan is reduced by 30% from the previous reserve price New Delhi: The Union Government has cut by 30% the reserve price for mobile phone airwaves in four zones that went unsold in all-India...

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MDT/PTI 14 December 2012
According to a research commissioned by TCS, customer services and mobile-specific market campaigns are also expected to experience substantial growth as a percentage of overall consumer interactions   New Delhi: Consumer sales transactions completed on mobile devices is expected to...

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MDT/PTI 13 December 2012
The Court allowed plea of Subhash Chandra for undergoing a lie detector test in the presence of his lawyer New Delhi: Zee Group Chairman Subhash Chandra's plea for undergoing lie detector test on the advice of his doctors and in the presence of his lawyer was allowed by a Delhi court in...

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MDT/PTI 13 December 2012
From February next year, mobile subscribers would be able to port their number to other operator from any of the 22 circles across the country   New Delhi: Telecom Minister Kapil Sibal on Thursday said nationwide mobile number portability (MNP) is expected to be rolled out by February...

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Moneylife Digital Team 12 December 2012
After a lacklustre performance throughout the year, Nomura expects near-term pick up as rupee depreciation makes steel imports dearer which will revive local demand The steel industry has been in the doldrums for the entire 2012 but Nomura’s Equity Research expects a pick-up in the...

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Moneylife Digital Team 12 December 2012
Nomura, is bullish on the media space, particularly Zee TV and Dish TV. But it leaves out the implications of the charge of extortion Naveen Jindal has brought and its implications Nomura Equity Research, in a visit note to its clients, is bullish about the media sector, particularly Zee...

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MDT/PTI 11 December 2012
Kingfisher has six Airbus planes leased from ILFC in its fleet of 42 aircraft and the leasing company has taken back four planes from the Vijay Mallya owned carrier Mumbai: Five planes of Kingfisher Airlines have been grounded - four taken back by US-based leasing company International...

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Moneylife Digital Team 11 December 2012
The share price of Hexaware Technologies has gone down by 24% in the last six months. This is not the first Atul Nishar-promoted company we have seen come crashing down The operating margins of Hexaware Technologies have been highly volatile in the past. According to a research report...

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Is RBI Serious about Forcing Prices Down? Open any newspaper or television channel and what stands out is the continuing splurge on expensive advertising, even while realty companies openly admit that high-end properties have not been selling for the past few years because prices are out...

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