COMPANIES & SECTORS


MDT/PTI 03 October 2012
Oil companies are earning a profit of Rs1.60 per litre on petrol since 1st October, but want this trend to continue for some more days before announcing a price cut New Delhi: Petrol price may be cut by about Rs1.60 per litre later this month as appreciation of rupee against the US...

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MDT/PTI 03 October 2012
NPAs or bad loans of public sector banks rose to 1.53% from 1.09%, however private banks reduced their NPAs to 0.46% from 0.56% during 2011-12   Mumbai: Non-performing assets (NPAs) of the banking sector rose sharply to 1.28% in 2011-12 from 0.97% a year ago due to high interest rate...

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MDT/PTI 03 October 2012
United Breweries produces its Kingfisher and London Pilsner brand beers in Maharashtra for which water is used as raw material. However, the Vijay Mallya company was refusing to pay water charges to its supplier, the MIDC Mumbai: In a jolt to Vijay Mallya-owned United Breweries Ltd,...

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The fuel supply agreements signed between Coal India and power producers envisages a penalty ranging from 5% to 40% if CIL fails to deliver less than 80% of the annual contracted supply. However, chances are that the penalty clause will undergo many changes to become fair and equitable to one...

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Moneylife Digital Team 02 October 2012
Finance minister P Chidambaram wants a slew of changes which will mean getting the banking and insurance regulators to do what he says. Can he? The FM’s other moves, too, may not have many takers The finance ministry has come out with a slew of changes to jolt the slumping life insurance...

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MDT/PTI 02 October 2012
Kingfisher Airlines CEO Agarwal, while admitting that he himself have not received his salary, said the carrier will clear all pending salaries of its staff in next few days   New Delhi: A day after declaring a partial lockout, top officials of beleaguered Kingfisher Airlines on...

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It is sad that Kingfisher is reduced to the state it is in today. But there are many alternatives the airline might be working on including the FDI participation by a foreign associate. If and when such a move occurs, banks may relax their attitude and demands After waiting for seven...

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MDT/PTI 02 October 2012
Religare received approval from its board for $75 million investment by the World Bank unit IFC through preferential allotment   New Delhi: Religare Enterprises said it has received approval of the board for World Bank arm International Finance Corp (IFC)'s $75 million (about Rs400...

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MDT/PTI 02 October 2012
Kingfisher operations got completely paralysed after pilots and some other staff joined the striking engineers protesting non-payment of salaries for the last six months   Mumbai: Kingfisher Airlines on Monday night declared a partial lock-out with immediate effect and suspended till...

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MDT/PTI 01 October 2012
Sales of the company’s Nano small car stood at 5,491 units during the month compared to 2,936 units in the year-ago period, translating into an increase of 87.02% New Delhi: Tata Motors reported 3.82% decline in its total vehicle sales to 75,773 units in September, reports...

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MDT/PTI 01 October 2012
SEBI had imposed the fine on India Infoline after finding that the brokerage firm had allowed one Sunil Mehta to trade on behalf of his mother Usha Mehta without authorisation Mumbai: The Securities Appellate Tribunal (SAT) upheld a penalty of Rs5 lakh imposed by market regulator...

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MDT/PTI 01 October 2012
Under the terms of the agreement, GAIL will receive 2.5 million tonnes of LNG per annum (equivalent to about 130 million British thermal unit or 3.5 billion cubic metres or 122 billion cubic feet per annum) over a period of 20 years beginning 2018-19.   New Delhi: State-owned gas...

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MDT/PTI 01 October 2012
The global airlines’ body estimated that Asia-Pacific airlines were set to post a $2.3 billion profit for 2012, which was $0.3 billion better than previously forecast   New Delhi: The crisis-hit global airline industry may stem its growing losses and even record modest profits next...

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MDT/PTI 01 October 2012
Domestic sales stood at 3,026 units in September against 4,152 units in the year-ago period, down 27.11%, VECV said in a statement New Delhi: Automaker VE Commercial Vehicles (VECV) on Monday reported a 31.92% decline in total sales at 3,150 units in September, reports PTI.   The...

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MDT/PTI 01 October 2012
“We expect the market to show some improvement closer to the festive season,” said General Motors India vice presidents P Balendran New Delhi: General Motors India reported 26.78% decline in its sales for September this year at 7,403 units, reports PTI.   The company had sold...

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MDT/PTI 01 October 2012
Jet fuel constitutes over 40% of an airline’s operating costs and the reduction in prices will ease burden of the cash-strapped airlines New Delhi: In a major relief to cash-strapped airlines, jet fuel (ATF) prices were on Monday cut by a steep 4.3%, the first reduction in rates in...

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MDT/PTI 01 October 2012
“The growing customer satisfaction has led to positive word-of- mouth in the market”, Atul Gupta, vice president (sales and marketing), Suzuki Motorcycle India Pvt Ltd said New Delhi: Two-wheeler maker Suzuki Motorcycle India reported 31.53% increase in its sales at 38,267 units in...

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MDT/PTI 01 October 2012
Sales of Maruti Suzuki's mini-segment cars, including M800, A-Star, Alto and WagonR, increased by 4.89% to 39,150 units last month from 37,324 units in September last year New Delhi: The country’s largest car-maker Maruti Suzuki India (MSI) reported 9.84% increase in total sales at...

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MDT/PTI 01 October 2012
Civil aviation minister Ajit Singh recently said that government will revoke KFA’s license if its fleet size goes down below five Mumbai: Aviation regulator Directorate General of Civil Aviation (DGCA) will review Kingfisher Airlines’ operations in the wake of mass cancellation of its...

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The writer talks about the latest government measure to relax cabotage and its dire implications on the shipping industry which could be non-existent within a decade A few weeks ago, the Government of India, in its wisdom and consideration, released a press note on relaxation of...

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