COMPANIES & SECTORS


Moneylife Digital Team 24 April 2013
Nomura believes the most damaging provision of the US Immigration Bill for Indian IT remains the restriction on outplacement of H1 B visa holders at client locations, which hurts outsourcing in a big way Nomura Equity Research hosted a conference call on Tuesday, with Ameet Nivsarkar...

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Moneylife Digital Team 24 April 2013
With increased focus on cost reduction and operational efficiency, 45% of the organisations have reduced office space per employee, according to a survey report “Real estate cost optimisation: The road less travelled” by Jones Lang LaSalle India In the services industry, real estate cost...

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Moneylife Digital Team 24 April 2013
The 27.26 million equity shares allotted to Etihad represents nearly 32% of the Jet’s share capital Jet Airways on Wednesday said its board of directors has approved issue of over 27.26 million equity shares to Etihad Airways at Rs754.73 a piece.   The number of shares...

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It is time that the government announces a more lenient policy towards power related programmes. Why not give the oil and gas exploration industry a free hand instead of creating stumbling blocks? It is common knowledge that power is in short supply. The public is also aware that the...

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Moneylife Digital Team 23 April 2013
Reliance Jio would utilise dedicated fibre pair on Bharti’s i2i submarine cable between India and Singapore to get direct access and ultra-fast connectivity to major hubs across Asia Pacific region Reliance Jio Infocomm (RJIL), a subsidiary of Mukesh Ambani-led Reliance Industries (RIL)...

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Moneylife Digital Team 23 April 2013
SEBI began the latest round of investigation after certain complaints were received by it against an alleged large-scale fund raising by the group without getting the necessary approvals Amid growing public outrage over an allegedly fraudulent investment scheme run by the Saradha group,...

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Moneylife Digital Team 23 April 2013
According to SEBI, the entity had colluded with the company’s directors and other brokers to execute cross trades for its clients that artificially raised the price of the scrip from Rs2 to Rs170.20 without any corresponding change in the fundamental of the company Rajeev Kumar Agarwal,...

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Moneylife Digital Team 19 April 2013
The media sector will be one of the few sectors in India to demonstrate healthy earnings growth in the next two years, says Credit Suisse in its Equity Research report The Indian TV industry is passing through an once-in-a-lifetime change in the form of digitisation, whereby the entire...

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Maruti Suzuki have been increasing their ad spend on their Swift car model as sales disappoint Advertisements are an interesting indicator of a company’s fortunes. You will not find too many advertisements for an automobile that is selling well. Conversely, when sales drop, or are...

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Moneylife Digital Team 18 April 2013
The world-class oncology drug manufacturer has decided to delist its shares from the bourses at Rs130 instead of complying with SEBI’s mandate of 25% public float. The cunning manner in which it has done this may set a dangerous precedent. Incidentally, what should be the fair value of the...

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Moneylife Digital Team 18 April 2013
The court confirmed its earlier order permitting mining activities in 18 Category A mines. The SC, however, put an embargo on the mining activities in seven mining leases falling in Karnataka-Andhra Pradesh border areas The Supreme Court on Thursday cancelled all leases for iron ore...

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Moneylife Digital Team 17 April 2013
MCHI's property exhibition in Mumbai suggests weak demand from end-users due to high prices. There were a few discounts or promotional schemes on offer but none more than 5% of the sales price. Weak affordability remains the key concern for near-term volumes and a revival hinges upon income...

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Moneylife Digital Team 16 April 2013
For FY13, the Mukesh Ambani-led company's net profit rose 4.8% to Rs21,003 crore while its turnover grew to Rs3.71 lakh crore Reliance Industries (RIL), India's largest private sector company, reported a 32% increase in its fourth quarter net profit on improved refining margins. For the...

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Moneylife Digital Team 16 April 2013
Lower investments in the sales force, a weak anti infective season and uncertainty surrounding the pending pricing policy are key hindrances to growth, according to Nomura Equity Research in its report on the domestic pharma sector   The India pharmaceuticals market (IPM) is a secular...

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Moneylife Digital Team 16 April 2013
A probe conducted by SEBI revealed that Pedriano Investments, one of the promoter entity of Zensar Technologies, had failed to disclose to the company information regarding its shareholding within the specified time-frame The Securities and Exchange Board of India (SEBI) has settled...

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Moneylife Digital Team 15 April 2013
In December last year, the PMO had directed power producers to sign FSAs with CIL in a month’s time. However, NTPC has refused to sign FSA, saying CIL was supplying poor quality coal The Union coal ministry has directed Coal India (CIL) to sign fuel supply pacts with power generation...

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Moneylife Digital Team 15 April 2013
Lehman Brothers filed for Chapter 11 bankruptcy protection on 15 September 2008. The filing remains the largest bankruptcy filing in the US history, with Lehman holding over $600 billion in assets More than four years after it went bankrupt, US-based Lehman Brothers has offered to...

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Moneylife Digital Team 15 April 2013
DCB Bank added five new branches during the quarter, taking FY13 additions to 10 new branches, says Nomura Equity Research in its Quick Note. DCB (Development Credit Bank) Bank reported over 50% year-on-year earnings growth for the 11th consecutive quarter, helped by stronger NIMs, (net...

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Moneylife Digital Team 15 April 2013
For FY13, Tata Motors has achieved volumes of 372,062 units from its JLR arm—largely in line with estimates, says Nomura Equity Research in its Quick Note JLR’s (Jaguar Land Rover) wholesale volumes came in at 42,682 units in March 2013; up 17% year-on-year. This was largely in line with the...

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Moneylife Digital Team 15 April 2013
Has ED Ajay Gupta quit? Is there something going on in Commercial Engineers & Body Builders Co (CEBBCO) that the public and shareholders do not know about? After Moneylife’s write up on CEBBCO’s sharp fall in stock price (CEBBCO, promoted heavily by several broking firms including Enam,...

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