COMPANIES & SECTORS


MDT/PTI 16 November 2012
Dr Reddy’s currently holds an irrevocable commitment from shareholders representing over 50% of OctoPlus’ issued and outstanding shares   New Delhi:  Pharma major Dr Reddy’s Laboratories today said it expects to launch a public offer in December to acquire all outstanding shares of...

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MDT/PTI 16 November 2012
The investigations are being conducted to probe allegations that Wal-Mart put money into the domestic multi-brand retail chain despite a ban on foreign direct investment in the sector New Delhi” The Enforcement Directorate (ED) will soon issue notices to American retail giant Wal-Mart as...

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MDT/PTI 16 November 2012
Ramesh said India is unique country in the world where 70% of the health expenditure is private expenditure and in many parts of the country public health system simply does not exist New Delhi: Union Rural Development Minister Jairam Ramesh on Friday said public health system in the...

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MDT/PTI 16 November 2012
In September, issue of new LPG connections had been put on hold pending a massive nationwide exercise to eliminate users having multiple connections at the same address New Delhi: After a few weeks of hiatus, state-owned oil companies have resumed issuing new subsidised cooking gas (LPG)...

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MDT/PTI 15 November 2012
ED will also ask the Commerce and Industry Ministry to furnish it with clearances that were given to the company to route the investment in 2010 in a subsidiary of Bharti ventures via a Mauritian arm   New Delhi: The Enforcement Directorate (ED) will soon issue notices to American...

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MDT/PTI 15 November 2012
According to Maldives President, the demand to reclaim the GMR's $500 million airport project is stemming from the fact that the agreement was not a responsible business agreement where both parties benefit   Male: Terming the controversial GMR airport project in Maldives as a 'bad...

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MDT/PTI 15 November 2012
SBI and its five units have installed 61,500 ATMs, while private sector and foreign banks put together have about 41,800 ATMs and co-operative banks and regional rural banks have 1,150 machines, out of over one lakh ATMs in the country    Mumbai: The National Payments Corporation of...

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Moneylife Digital Team 12 November 2012
United Spirits earns a very poor return on capital employed and growth is in low single digits. The Sepetmber quarter was terrible, too. Diageo will have to do a lot of work before shareholders can benefit While India will become one of the largest markets by sales for Diageo after the...

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MDT/PTI 12 November 2012
At the end of the first round, there were no bidders for Delhi, Mumbai, Rajasthan and Kolkata circles, and the auctions has drawn scant interest so far as the base price is much higher than what the companies paid in 2008   New Delhi: Telecom spectrum auction in India opened on Monday...

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MDT/PTI 12 November 2012
As part of the settlement, TTK Group bought the entire 49.87% stake of New Bridge holdings BV in the condom joint venture TTK-LIG, while the JV would sell its 49% stake in foot-care unit to Reckitt Benckiser   New Delhi: Consumer goods manufacturer Reckitt Benckiser said it settled...

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MDT/PTI 12 November 2012
LIC has emerged as net sellers during July-September quarter 2012 and most of the pullout was in private sector companies, says a report by BofA-Merrill Lynch   New Delhi: State-run Life Insurance Corp of India (LIC), a major domestic institutional investor, offloaded shares worth...

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Moneylife Digital Team 09 November 2012
Cyclical factors affected the topline of the castor seeds specialist but was helped by lower tax expenses, lower interest charges and higher other income    Jayant Agro-Organics, a castor seeds specialist, has reported somewhat disappointing results for the second quarter of the...

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MDT/PTI 09 November 2012
Civil Aviation Ministry has approved traffic rights to Indian carriers to fly to several new destinations across the globe for the summer and winter season of 2013    New Delhi: In a major move to expand international air travel out of India, the Civil Aviation Ministry on Friday...

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MDT/PTI 09 November 2012
The Supreme Court had expressed its displeasure that the Delhi High Court was hearing matters related with the 2G spectrum scam despite its restraining order    New Delhi: The Supreme Court on Friday stayed the proceedings on all petitions relating to the 2G spectrum allocation scam,...

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MDT/PTI 09 November 2012
Vijay Mallya will continue as Chairman of United Spirits, whose major stake would be purchased by Diageo at Rs1,440 per share or for Rs11,166 crore New Delhi: Diageo Plc, the world's largest spirits maker on Friday said it will buy a 53.4% stake in United Spirits for Rs11,166.5 crore....

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MDT/PTI 09 November 2012
State Bank of India however, showed signs of stress on asset quality as its gross NPAs ratio jumped  5.2% to Rs49,202.5 crore during the September quarter Mumbai: The country's largest lender State Bank of India on Friday posted a 30.16% jump in its net profit to Rs3,658.14 crore during...

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MDT/PTI 09 November 2012
The telecom industry had been seeking further easing of the ECB norms as banks are reluctant to lend money to the sector   New Delhi: The Indian government on Friday said telecom companies that win in the upcoming 2G spectrum auction will be allowed to raise cheap loans from overseas...

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MDT/PTI 09 November 2012
The Anil Dhirubhai Ambani group (ADAG) company said it net profit fell mainly due to interest outgo on money it had borrowed to buy 3G spectrum two years ago   Mumbai: Reliance Communications Ltd (RCom) has reported a 60% drop in its consolidated net profit to Rs102 crore for the...

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MDT/PTI 09 November 2012
The deal could entail Diageo picking up to 51% stake in United Spirits for between $1 billion and $2 billion   New Delhi: Vijay-Mallya led United Breweries (UB) Group is understood to have reached a deal with world's largest spirit maker Diageo for a stake sale in United Spirits,...

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MDT/PTI 08 November 2012
A letter sent by George Fernandes was purportedly received by Mahajan's office after 15 days and by that time additional spectrum had already been allocated to Bharti Cellular and Sterling Cellular (now Vodafone) in Delhi and Hutch in Mumbai   New Delhi: Additional spectrum beyond 6.2...

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