COMPANIES & SECTORS


MDT/PTI 12 January 2013
Competition Commission of India said that it has approved the proposed sale of stake in BG Group firm Gujarat Gas, as it is not likely to have an appreciable adverse impact on competition scenario New Delhi: Fair trade regulator CCI said it has approved sale of 65.12% stake in Gujarat...

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MDT/PTI 11 January 2013
“The revival plan submitted by Kingfisher Airlines had lots of issues regarding lenders, staff payment which we felt may not lead to reliable services,” a senior DGCA official said New Delhi: The government is not satisfied with Kingfisher Airlines’ plans to invest Rs650 crore to resume...

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MDT/PTI 11 January 2013
“The company is actively considering to come up with a zero depreciation policy for two-wheelers, which is already being offered for cars,” a New India Assurance official said Mumbai: The country's largest general insurer New India Assurance is actively considering launching a “zero...

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Moneylife Digital Team 11 January 2013
Kotak had put this as one of the top picks of 2013 along with ICICI Bank and Marico, even though the stock was exactly at the same level as it was in December 2011, when the Sensex was 15,455, as compared to 19,664 now We have often mentioned that securities analysts and fund managers...

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MDT/PTI 11 January 2013
The government has decided to re-allocate three coal blocks—Chatti-Bariatu, Kerandari and Chatti-Bariatu (South)—to NTPC but all the necessary clearances are not in place New Delhi: The power ministry is in constant touch with coal ministry to speed up the re-allocation of three mines to...

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MDT/PTI 11 January 2013
Jindal Power had approached the environment ministry seeking clearances for expanding the capacity of Gare Palma coal mine New Delhi: An environment ministry panel has asked Jindal Power to first get approvals from coal and power ministries before seeking environmental clearances for...

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MDT/PTI 11 January 2013
According to the Service Tax Department notice, Kingfisher Airlines cannot fly outside the registered airport premises Mumbai: In more trouble for beleaguered Kingfisher Airlines, Service Tax Department has issued a notice to the carrier, "impounding" all its aircraft, department sources...

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MDT/PTI 11 January 2013
 After slashing its revenue forecast earlier this fiscal, Infosys raised its rupee revenue forecast to be at least Rs40,746 crore (from Rs39,582 crore earlier) and dollar revenue to be $7.45 billion (from $7.34 billion) IT services major Infosys today reported a marginal drop of 0.12% in...

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Auto and auto-ancillary companies had shut down for 10 days in Pune last month. The industry association is projecting no growth. And yet neither analysts nor the media are reporting anything negative. Many of the stocks are at their 52-week highs. What is the truth? There has been...

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MDT/PTI 10 January 2013
“The government is constantly addressing concerns of investors. There will be amicable resolution of the issue (Vodafone tax case) in the Budget,” a top finance ministry official told PTI New Delhi: The finance ministry is working towards an amicable resolution of the retrospective tax...

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MDT/PTI 10 January 2013
Mallya urged the employees to be careful in their interaction with the media, alleging “negative reporting” by media on the carrier (Kingfisher Airlines) Mumbai: With employees threatening to move court for closure of the company, Kingfisher Airlines chairman Vijay Mallya finally broke...

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MDT/PTI 09 January 2013
The Indian operations’ revenue for Sony Corp for 2011-12 was Rs6,313 crore compared to Rs5,446 crore in the previous fiscal. The company is expecting 30%-40% growth in this fiscal   Las Vegas: Japanese consumer electronics giant Sony said its Indian operations have emerged as its fourth...

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MDT/PTI 09 January 2013
To boost the industry sentiment and growth, SIAM demanded a reduction in excise duty and continuation of all benefits of the Auto Mission Plan (AMP) for another 10 years till 2026 New Delhi: Passenger car sales in the country declined by 12.5% in December last year, the steepest fall in...

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Moneylife Digital Team 09 January 2013
Auto component companies with a technological edge, global scale advantage or an identified and exploitable niche have better prospects in the current market, says Espirito Santo Securities. It has recommended Balkrishna Industries, Bosch and Motherson Sumi Auto sales in developed...

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MDT/PTI 09 January 2013
The DoT asked the apex court to consider allowing it to grant “temporary licences” to such operators till the completion of the fresh bidding process   New Delhi: The Centre on asked the Supreme Court to consider allowing the telecom operators, whose 2G licences were cancelled last...

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MDT/PTI 09 January 2013
The under-recoveries could decline to Rs0.8 trillion if diesel prices are increased at Re1 per litre every month as being proposed, Kotak Institutional Equities said Mumbai: Brokerage firm Kotak Institutional Equities revised its estimates of under-recoveries on diesel, kerosene and LPG...

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MDT/PTI 09 January 2013
Diageo has submitted its replies to clarifications sought by SEBI on the open offer for United Spirits and the market regulator would take a decision in due course Mumbai: Global liquor major Diageo Plc has submitted details sought by market regulator Securities and Exchange Board of...

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Moneylife Digital Team 08 January 2013
Patience amongst Marico shareholders for the Kaya business to break even was running out and the vertical slicing of Marico should provide some respite After more than a deacde of losses, Marico has decided to cut loose Kaya, the “skin care solutions company”. Marico Kaya Enterprises...

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MDT/PTI 08 January 2013
The Income Tax department is looking for some alleged mismatch in payments made by Nokia under the TDS category Chennai/New Delhi: Income Tax (I-T) department officials on Tuesday conducted a survey operation on the premises of Finnish cell phone major Nokia in Chennai on charges of...

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MDT/PTI 08 January 2013
The proposed open offer for an additional 26% stake in United Spirits entails Diageo to purchase about 3.8 crore shares at Rs1,440 per share Mumbai: The open offer for buying 26% in Vijay Mallya-led United Spirits, which was to start on Monday, has been postponed, pending final approval...

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