COMPANIES & SECTORS


Moneylife Digital Team 04 February 2013
For the first time in a decade, India’s biggest power utility manufacturer has reported bleak results prompting analysts to put a sell recommendation to their clients. However, the management remains cautiously upbeat Bharat Heavy Electricals (BHEL) has been in a bad shape for the past...

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Moneylife Digital Team 04 February 2013
Volumes for two-wheelers would be up about 5%, car volumes could have declined by about 1%, and commercial vehicles would have been down by around 40% in January 2013, estimates Demand for commercial vehicles is very weak, while passenger vehicles are just about holding up, observes...

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Moneylife Digital Team 02 February 2013
The Cummins India stock has already priced in medium-term growth potential. Nomura Equity Research recommends investors to wait for a better entry point to enter the stock and remains ‘Neutral’ for now Cummins India posted strong results for the third quarter of the current fiscal driven...

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Moneylife Digital Team 01 February 2013
The US was a key contributor to the overall performance on the back of a strong flu season and the Tricor launch for pharma company Lupin, says Nomura Equity Research Pharmaceutical major Lupin’s market strategy responds to generic opportunities in the US, where it is pursuing niche and...

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Moneylife Digital Team 01 February 2013
Tide Water India has posted benign results amidst an industry downturn although its sales went up We had recommended investing in Tide Water Oil Co in our Moneylife issue on 1 November 2012 . The company has announced its third quarter result for the fiscal ending March 2013. It recorded...

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Moneylife Digital Team 01 February 2013
Among verticals, manufacturing, technology, media and entertainment dragged while the emerging vertical (largely government) revenues increased by $7 million and was the primary driver for incremental revenue addition in the third quarter FY13 for Mahindra Satyam The key disappointment...

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Moneylife Digital Team 01 February 2013
Redington India has posted positive growth on strong iPhone and Samsung sales but its results are short of overall consensus estimates Redington India announced a net income of Rs81.9 crore for the December quarter which was in line with Nomura’s estimate of Rs80.2 crore but short of...

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Moneylife Digital Team 01 February 2013
Exploiting the anxiety of missing out that the phrase ‘first come first served’ generates in the minds of buyers, the Lodha Group claims that it received tremendous response for its Worli property. However, two-three years ago, the developer had to seek help from local agents for selling...

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Moneylife Digital Team 01 February 2013
Bharti Airtel’s consolidated net income during the December quarter was impacted by higher depreciation and amortisation cost, net interest costs, forex fluctuation losses and tax provisions Bharti Airtel, India’s leading telecom services operator, on Friday posted a lower than expected...

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Moneylife Digital Team 31 January 2013
Despite good festive sales, Thangamayil Jewellery’s operating profit took a hit due to change in accounting policy Madurai-based Thangamayil Jewellery Ltd, recommended by Moneylife magazine on 23 August 2012...

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How much revenue is lost to the Indian Railways every year with free passes and also decide who gets to travel free and why on our expense The recent hike in rail fares in India have been discussed, analysed, commented, and largely decried by many. To be fair to all concerned, a random...

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MDT/PTI 31 January 2013
Despite taking his Motorola 'Defy' twice for repairs which included replacement of the mother board and a software upgrade, the handset's problems persisted, said the complainant New Delhi: Motorola India has been directed by a consumer forum to pay Rs18,000 to a customer for not...

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MDT/PTI 31 January 2013
On a consolidated basis, ICICI Bank's net profit rose 22% to Rs2,645 crore as all its subsidiaries -- life and general insurance companies -- reported better numbers Mumbai: Private sector lender ICICI Bank on Thursday posted over 30% growth in standalone net profit to Rs2,250 crore in...

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MDT/PTI 31 January 2013
Creditors had moved a winding up petition before the High Court seeking liquidation of Dunlop India for non-payment of dues amounting to around Rs1,000 crore Kolkata: The Calcutta High Court on Thursday ordered winding up of tyre manufacturing company Dunlop India Ltd (DIL), which had...

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MDT/PTI 31 January 2013
For the December quarter, Central Bank's total provisioning rose by 30% to Rs627.67 crore, of which Rs145 crore was due to the changes brought in by RBI, one of the reason why it could not touch the average net profit of Rs300 crore Mumbai: State-run Central Bank of India (CBI) posted a...

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MDT/PTI 31 January 2013
Board of Union Bank has cleared raising Rs1,000 crore through preferential or rights issue in addition to Rs1,500 crore approved earlier Mumbai: State-owned Union Bank of India said it will receive a capital infusion of Rs2,500 crore as part of the government's plan to recapitalise the...

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MDT/PTI 30 January 2013
SEBI alleged that Suzlon had amended its code of internal procedures and conduct for prevention of insider trading on 4 February 2011, after a delay of more than two years   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed off proceedings against...

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Moneylife Digital Team 30 January 2013
Dena Bank announced its third quarter results which were positive overall, especially on the operations front. But some concerns remain Dena Bank has posted a net profit of Rs206.44 crore for the quarter ended 31 December 2012, a 10.75% increase, when compared to Rs186.68 crore for the...

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MDT/PTI 30 January 2013
Idea Cellular said it would review call tariffs but ruled out headline tariff change in the short-run   Mumbai: Idea Cellular, the country's fourth largest telecom operator, which reported 14% rise in consolidated net profit at Rs228.6 crore for the October-December quarter, ruled out...

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MDT/PTI 30 January 2013
Steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5% for Shoppers Stop in December quarter   Mumbai: Retail chain Shoppers Stop (SSL) reported a 11.4% decline in standalone net profit to Rs17.09 crore for the third quarter ended...

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