COMPANIES & SECTORS


Moneylife Digital Team 30 October 2012
The chemical specialty small-cap stock delivered strong topline but high interest rates dented its net profit   Balaji Amines, a specialty chemicals company, reported solid second quarter sales. Its net sales grew 21% year-on-year (y-o-y), to Rs126.01 crore (up from Rs104.17 crore...

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MDT/PTI 30 October 2012
Russia, which has been conveying its unhappiness over the cancellation of 2G licence to Sistema   New Delhi: Stepping up pressure on India, Russia has warned it that it will go for international arbitration if the issue of was not resolved in Indian courts, reports PTI.   "If...

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MDT/PTI 30 October 2012
According to RBI's quarterly House Price Index rose 6.7% on quarterly basis and a whopping 24.1% on yearly basis Mumbai: There has been a 6.7% growth in housing prices across the country in the first quarter of the current fiscal, Reserve Bank of India (RBI) said, reports...

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MDT/PTI 29 October 2012
The Revenue Department has decided to move the Supreme Court to expedite recovery of about Rs330 crore dues from Vijay Mallya-owned Kingfisher    New Delhi: Kingfisher Airlines, which days ago emerged out of an impasse over salary payment to its staff, is likely to face more trouble...

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Moneylife Digital Team 29 October 2012
The Poddar-owned company has weathered economic difficulties quite well by managing to keep sales steady and finance costs down     Siyaram Silk Mills, known for its upscale suiting range and premium garments, has posted decent net sales and net profit considering an otherwise...

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MDT/PTI 29 October 2012
The well G-1-9 in Bay of Bengal has been leaking gas since August-end and all efforts by ONGC to contain the flow have so far been futile and there are fears that the well may start spilling oil too, which may spell environmental disaster New Delhi: A deepwater well in a Krishna Godavari...

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Moneylife Digital Team 29 October 2012
Higher depreciation, increased finance cost and higher salaries led to a drastic drop in the bottomline of Yuken India, a parts and ancillary manufacturer Yuken India, a parts and ancillary manufacturing company, has reported abysmal results for the quarter ended 30 September 2012. Its...

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MDT/PTI 29 October 2012
BHEL reported nearly 10% decline in net profit at Rs1,274.5 crore for the second quarter Mumbai: Shares of state-run BHEL on Monday fell over 6% wiping off Rs3,672 crore in investor wealth after the state-owned company reported nearly 10% decline in net profit for the quarter ended...

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MDT/PTI 29 October 2012
According to the national consumer forum, PSUs spend more money on contesting cases than the amount they might have to pay to the claimant despite having large number of legal personnel under their employment   New Delhi: Public sector undertakings (PSUs) are behaving "penny-wise,...

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MDT/PTI 29 October 2012
British publishing house Penguin and German media group Random House announced a 2.4 billion pound merger deal that will create the biggest book publisher in the world London: Britain's Penguin Books and Germany's Random House, the world's two leading English language publishers have...

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MDT/PTI 29 October 2012
According to the economic think tank, driven by a likely 32.7% growth in the multi-utility vehicle segment, passenger cars and vans, the segment is expected to record a slightly faster 6.2% growth in FY13   Mumbai: Automobile production in the country, which took a hit due to the high...

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MDT/PTI 29 October 2012
The potential game changers in the media and entertainment industry would be rising advertising and consumer spend, infrastructure and policy support, says a report by CII and PwC   New Delhi: India's entertainment and media industry size is likely to touch Rs1.75 lakh crore by 2016...

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MDT/PTI 29 October 2012
According to industry observers, Mumbai realty market has been witnessing a limited revival in transactions for readily available stock and for those projects whereby construction is on fast track   Mumbai: The Mumbai realty market, one of the leading property market in the country,...

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A new segment of 7-seaters could  change public transport Every month, a seven-seater in the below four-metre vehicles appears to be launched. The latest is the Mahindra Quanto, preceded by the Maruti Suzuki Ertiga and a few others—all look like hatchbacks with raised suspensions and...

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Moneylife Digital Team 27 October 2012
Zee and Subhash Chandra have always managed to escape from punishments in the past even when irregularities have been proven. However, this time they are facing a Congress MP and a powerful corporate who has right connections in place. Can Zee and Subhash Chandra escape this...

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Moneylife Digital Team 26 October 2012
The fast moving consumer goods company has shown that consumer spending is resilient despite a challenging environment    Hindustan Unilever (HUL), one of the biggest fast moving consumer goods company in the country, has posted yet another solid quarter. Its sales grew by 12%...

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Moneylife Digital Team 26 October 2012
Pratibha Industries, a company focused on water projects, has posted strong 43% growth in sales while it is aiming to diversify further Pratibha Industries, a mid-cap infrastructure and EPC company, has reported strong earnings result for the quarter ended 30 September 2012. The company...

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MDT/PTI 26 October 2012
ICICI Bank's second quarter net profit rose due to 35% jump in net interest income and robust trading revenues, which grew to Rs172 crore from Rs21 crore, same period last year   Mumbai: ICICI Bank on Friday said its July- September quarter net profit jumped over 30% to a record...

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MDT/PTI 26 October 2012
Net NPAs of Punjab National Bank jumped to Rs7,883.43 crore from Rs2,088.51 crore in the year ago period while its NPA provisioning jumped 257% to Rs1,140 crore during the July-September quarter New Delhi: State-owned Punjab National Bank (PNB) on Friday reported a 11.6% drop in net...

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MDT/PTI 26 October 2012
When DGCA expressed concern about the airline's financial health as it was not going to get any money either from its lenders or its banks, Kingfisher officials informed the regulator that they would be arranging funds for operations through internal resources New Delhi: Beleaguered...

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