COMPANIES & SECTORS


Moneylife Digital Team 05 November 2012
VST Tillers Tractors, part of the VST group, has posted disappointing sales, as vagaries of the monsoons affected its net sales and bottomline Small-cap company and tractor manufacturer, VST Tiller Tractors, has posted disappointing results, with its quarterly sales declining for the...

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Moneylife Digital Team 02 November 2012
Kotak doesn’t think that the banking sector would perform well as economic headwinds still remain while non performing assets (NPAs) are on the rise   Kotak Institutional Equities (Kotak) has sounded a cautious tone, in its latest note to institutional clients, with respect to loan...

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Moneylife Digital Team 02 November 2012
A sector-wise analysis of credit growth in Indian banks projects 14% loan growth in FY13F for aggregate non-food credit growth, according to Nomura Equity Research Indian banks are looking at strong growth in lending rates for FY13F assuming all the major sectors add loans similar to the...

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The government is going out of its way to ensure that not only does ITC face little additional competition in selling cigarettes, but also its Indian managers can keep out its foreign parent. Why this extraordinary treatment to one company? ITC has very successfully in the past thwarted...

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MDT/PTI 02 November 2012
“The new company will offer life insurance products to private customers. With this strategic move, Ergo continues to pursue its international growth strategy,” the German firm Ergo said in a release"   New Delhi: Germany’s Ergo Insurance Group has inked a 26:74 joint venture pact...

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MDT/PTI 02 November 2012
“The Coal Controller has also been asked to calculate the value of the bank guarantee that has to be deducted,” Coal minister Jaiswal said. A total of 58 mines were issued show cause notices for their failure to develop blocks within stipulated timeline   Kolkata: Letters for...

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MDT/PTI 02 November 2012
Wipro’s total income from operations during the second quarter stood at Rs10,620.3 crore, against Rs9,064.5 crore in the July-September period of last fiscal, an increase of 17.16% New Delhi: Wipro reported a jump of 23.8% in consolidated net profit to Rs1,610.6 crore for the second...

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MDT/PTI 02 November 2012
Domestic sales of ‘Tata’ branded commercial and passenger vehicles for October 2012 were at 68,145 units, up 6.74%, over 63,837 units in October last year, Tata Motors said in a statement New Delhi: Tata Motors reported 6% increase in its total vehicle sales to 71,771 units in October...

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MDT/PTI 01 November 2012
Carnation Insurance, part of Carnation Auto which was started by former Maruti Suzuki managing director Jagdish Khattar, has received insurance broking license enabling it to sell general insurance products like car insurance and life insurance products New Delhi: Multi-brand auto...

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Moneylife Digital Team 01 November 2012
V-Guard Industries, an electrical appliance maker from Kerala, has kept up its good form and reported very good results. However, its share price is down 3.62%. V-Guard industries, once again, is on a roll. It has announced another set of results that has beat expectations. The company’s...

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Moneylife Digital Team 01 November 2012
The makers of Maharani brand of basmati has posted 102% jump in net sales which led to a 92% increase in net profit   The second quarter ended 30 September 2012 saw Chaman Lal Setia Exports (Chaman Lal), a micro-cap stock listed on Bombay Stock Exchange (BSE), report good results....

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MDT/PTI 01 November 2012
The new unlisted firm— Wipro Enterprises—will include Wipro Consumer Care & Lighting, Wipro Infrastructure Engineering and Medical Diagnostic Product & Services business Mumbai: Information Technology (IT) giant Wipro today said it will demerge three non-IT business divisions, including...

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MDT/PTI 01 November 2012
The country’s largest car maker reported a total sales at 1,03,108 units in October compared to 55,595 units in the same month last year   New Delhi: The country’s largest car maker Maruti Suzuki India (MSI) today reported 85.46% increase in total sales at 1,03,108 units in October,...

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MDT/PTI 31 October 2012
  Problems have been brewing at Haldia Dock Complex, run by Kolkata Port Trust (KoPT), after berth operator Haldia Bulk Terminals, the JV between ABG and LDA sacked 275 employees    Kolkata: Cargo handling company Haldia Bulk Terminals (HBT), jointly promoted by ABG group of India...

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MDT/PTI 31 October 2012
  During the second quarter, IDBI Bank's gross NPA rose to 3.45% from 2.47% while net NPA rose to 2.04% from 1.57% a year ago   Mumbai: Public sector lender IDBI Bank reported a 6.3% drop in its net profit to Rs483.5 crore in the second quarter of the current financial...

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MDT/PTI 31 October 2012
  In June, Fraport had said they would be quitting the country due to policy and project delays and would also be shutting its development office   Mumbai: Fraport of Germany, the world's second largest airport operator on Wednesday said it will exit the Delhi airport by selling...

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MDT/PTI 31 October 2012
TDSAT asked the government the return bank guarantee of Videocon Telecom in Himachal Pradesh, Orissa, Rajasthan, UP (West) and Karnataka circles   New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has directed the government to return the performance bank...

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Moneylife Digital Team 31 October 2012
One of the reasons for this impressive turnaround is because the company purchased less material, perhaps anticipating less demand in face of global economic difficulties    Mirza International, a small-cap leather-oriented company, posted a stellar operating profit which saw its...

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Moneylife Digital Team 31 October 2012
Narmada Gelatines, a micro-cap stock, saw its share price skyrocket on Bombay Stock Exchange after reporting outstanding results for the September 2012 quarter Narmada Gelatines, a specialty chemical business company focusing on gelatines production, has posted outstanding results. Net...

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MDT/PTI 30 October 2012
  There is not much demand for Maruti Suzuki's petrol cars and it cannot produce enough diesel cars that are selling like hot cars, which has affected its bottomline   New Delhi: Maruti Suzuki India Ltd (MSI), the country's largest car maker on Tuesday reported 5.41% decline in...

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