COMPANIES & SECTORS


MDT/PTI 07 November 2012
The CBI said that the airline conspired to cheat and cause loss to SBI, Bank of India, Indian Bank, Andhra Bank, IDBI and Oriental Insurance, which had to bear claims of Rs442 crore on default of payment by Paramount Airways to the banks The Central Bureau of Investigation (CBI) has...

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MDT/PTI 07 November 2012
Bharti Airtel’s total subscriber base across services stood at 262.6 million globally at the end of September 2012 Mumbai: Telecom major Bharti Airtel’s net profit declined for the 11th quarter in a row, dropping by 29.7% to Rs721.2 crore in July-September this year over the same period...

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MDT/PTI 07 November 2012
“We are confident of resolving the issue with the government amicably,” Tata Steel   New Delhi: Tata Steel said it will contest the Rs6,000 crore fine imposed on the company by Odisha government over alleged violation of mining norms in the state, reports PTI.   The company,...

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MDT/PTI 07 November 2012
The government is conducting auction of spectrum in 1800 Mhz band following cancellation of 122 telecom licences by the Supreme Court in February in the 2G scam case   New Delhi: Bharti Airtel, Idea, Vodafone, Videocon and Telenor-promoted Telewings are the five companies that will...

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MDT/PTI 06 November 2012
According to the SBI chairman, the consortium of 17 banks have been meeting regularly to help Vijay Mallya owned and cash-strapped airline New Delhi: State Bank of India (SBI), the lead bank to ailing Kingfisher Airlines, on Tuesday cautioned the carrier that it "will not fly" if it...

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Moneylife Digital Team 06 November 2012
BBC Entertainment could not survive due to extreme fragmentation of the advertising cake and high cost of operations. But then how are so many other Indian channels surviving? By a combination of paid news and endless supply of dubious funding? If so, we have created a system by which bad...

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Moneylife Digital Team 06 November 2012
Madras Cements managed to put in a solid quarter despite vagaries of the monsoon due to better cost control and slightly increased offtake Madras Cements, part of the Ramco group, has posted solid results despite a delayed monsoon which usually slows down cement companies’ offtake. Net...

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Moneylife Digital Team 05 November 2012
International business revenues were +15%, with constant currency growth of 3%, and this was disappointing, according to Nomura Equity Research Fast moving consumer goods major Marico Industries has announced disappointing second quarter results and the key numbers from Q2FY13 have been...

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Moneylife Digital Team 05 November 2012
Flat volumes, muted guidance and weak hiring were uninspiring in Wipro’s second quarter performance, according to Nomura Equity Research Wipro’s second quarter results lacked growth diversification and did not provide any convincing indication of lag reduction versus its peers. This is...

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Moneylife Digital Team 05 November 2012
VST Tillers Tractors, part of the VST group, has posted disappointing sales, as vagaries of the monsoons affected its net sales and bottomline Small-cap company and tractor manufacturer, VST Tiller Tractors, has posted disappointing results, with its quarterly sales declining for the...

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Moneylife Digital Team 02 November 2012
Kotak doesn’t think that the banking sector would perform well as economic headwinds still remain while non performing assets (NPAs) are on the rise   Kotak Institutional Equities (Kotak) has sounded a cautious tone, in its latest note to institutional clients, with respect to loan...

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Moneylife Digital Team 02 November 2012
A sector-wise analysis of credit growth in Indian banks projects 14% loan growth in FY13F for aggregate non-food credit growth, according to Nomura Equity Research Indian banks are looking at strong growth in lending rates for FY13F assuming all the major sectors add loans similar to the...

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The government is going out of its way to ensure that not only does ITC face little additional competition in selling cigarettes, but also its Indian managers can keep out its foreign parent. Why this extraordinary treatment to one company? ITC has very successfully in the past thwarted...

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MDT/PTI 02 November 2012
“The new company will offer life insurance products to private customers. With this strategic move, Ergo continues to pursue its international growth strategy,” the German firm Ergo said in a release"   New Delhi: Germany’s Ergo Insurance Group has inked a 26:74 joint venture pact...

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MDT/PTI 02 November 2012
“The Coal Controller has also been asked to calculate the value of the bank guarantee that has to be deducted,” Coal minister Jaiswal said. A total of 58 mines were issued show cause notices for their failure to develop blocks within stipulated timeline   Kolkata: Letters for...

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MDT/PTI 02 November 2012
Wipro’s total income from operations during the second quarter stood at Rs10,620.3 crore, against Rs9,064.5 crore in the July-September period of last fiscal, an increase of 17.16% New Delhi: Wipro reported a jump of 23.8% in consolidated net profit to Rs1,610.6 crore for the second...

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MDT/PTI 02 November 2012
Domestic sales of ‘Tata’ branded commercial and passenger vehicles for October 2012 were at 68,145 units, up 6.74%, over 63,837 units in October last year, Tata Motors said in a statement New Delhi: Tata Motors reported 6% increase in its total vehicle sales to 71,771 units in October...

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MDT/PTI 01 November 2012
Carnation Insurance, part of Carnation Auto which was started by former Maruti Suzuki managing director Jagdish Khattar, has received insurance broking license enabling it to sell general insurance products like car insurance and life insurance products New Delhi: Multi-brand auto...

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Moneylife Digital Team 01 November 2012
V-Guard Industries, an electrical appliance maker from Kerala, has kept up its good form and reported very good results. However, its share price is down 3.62%. V-Guard industries, once again, is on a roll. It has announced another set of results that has beat expectations. The company’s...

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Moneylife Digital Team 01 November 2012
The makers of Maharani brand of basmati has posted 102% jump in net sales which led to a 92% increase in net profit   The second quarter ended 30 September 2012 saw Chaman Lal Setia Exports (Chaman Lal), a micro-cap stock listed on Bombay Stock Exchange (BSE), report good results....

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