COMPANIES & SECTORS


MDT/PTI 30 November 2012
Standard Chartered Bank had approached the Competition Commission regarding its proposed acquisition of certain loan portfolios of Barclays in India   New Delhi: Fair trade regulator Competition Commission of India (CCI) has approved Standard Chartered Bank's proposed buyout of...

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MDT/PTI 29 November 2012
The apex court directed the CBI to go by the view of its Director in taking further action on the allocation of spectrum between 2001-03 when Pramod Mahajan was the Telecom Minister   New Delhi: The Supreme Court on Thursday directed the Central Bureau of Investigation (CBI) to go...

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MDT/PTI 29 November 2012
MCX-SX has joined the global league of six other exchanges that have committed to the UN's Sustainable Stock Exchanges initiative   Mumbai: MCX Stock Exchange (MCX-SX) has signed the voluntary commitment to the UN's Sustainable Stock Exchanges (SSE) initiative to promote long-term...

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MDT/PTI 29 November 2012
According to Nielsen, in addition to promoting brand equity, brand extensions can grow incremental sales up to 38% and contribute as much as 30% to parent brand sales   New Delhi: Extensions of existing fast moving consumer goods (FMCG) brands are five times more successful than...

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MDT/PTI 28 November 2012
The $500-million Male airport project, awarded to GMR Group was hanging in balance ever since the regime change in Maldives earlier this year   Male/New Delhi: In a sudden and unilateral action, Maldives on Tuesday decided to scrap the $500 million contract given to GMR Group for...

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MDT/PTI 28 November 2012
Ambit Capital, Edelweiss Financial Services, JM Financial and Motilal Oswal Securities were charged for providing brokerage services to institutional investors in the US without being registered with the SEC as required under the federal securities laws   New York: US Securities and...

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MDT/PTI 27 November 2012
Successful bidders in the 2G auction will be allowed to avail of ECB under the automatic route from their ultimate parent company without any maximum ECB liability-equity ratio   Mumbai: The Reserve Bank of India (RBI) has relaxed norms allowing telecom companies to raise long term...

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MDT/PTI 27 November 2012
L&T Finance would offload its entire 4.67% stake in Federal Bank through open market transactions   Mumbai: L&T Finance will offload its entire 4.67% stake in the private sector lender Federal Bank for about Rs300-Rs350 crore, reports PTI.   L&T Finance, which held 79.95 lakh...

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MDT/PTI 27 November 2012
RBI allowed Indusind Bank to increase its investment limit for FIIs to 49% but not to exceed 74% New Delhi: The Reserve Bank of India (RBI) allowed Indusind Bank to increase its investment limit for foreign institutional investors (FIIs) to 49% but asked it to ensure that the aggregate...

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Moneylife Digital Team 26 November 2012
Auto finance firms Shriram Transport Finance and Mahindra Finance are poised to benefit from the growth spurt in rural/semi-urban centres through increasing diversification of products, geographical reach and distribution channels, says Nomura Equity Research Indian automobile NBFCs...

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Moneylife Digital Team 26 November 2012
In the case of the PNGRB’s model guidelines for Gas Transmission Agreements, even as the intent may seem good, uniform provisions may not be workable, says Nomura Equity Research The Petroleum & Natural Gas Regulatory Board (PNGRB) has issued Development of Model Gas Transmission...

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MDT/PTI 26 November 2012
RIL, in a letter says hoarding gas in the case of D1-D3 reservoir in KG-D6 block is a technical impossibility as oil and gas reservoirs are dynamic system and not inert cold storage facilities New Delhi: Reliance Industries Ltd (RIL) has denied allegation that it is hoarding gas by...

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MDT/PTI 26 November 2012
Air India is now wooing passengers with several attractive offers, including a trip to the iconic Taj Mahal from its T3 terminal   Mumbai: Bolstered by a sequential rise in its market share in the past six months and a significant improvement in on-time performance, state-owned Air...

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MDT/PTI 26 November 2012
According to the Consumer Forum, HDFC Bank committed deficiency in service by lifting the vehicle without a notice and consent of the borrower   New Delhi: HDFC Bank has been directed by a consumer forum to pay Rs55,000 as compensation to a man for 'lifting' his motorcycle, purchased...

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MDT/PTI 23 November 2012
At the current market price, the 9.5% stake sale of NTPC is likely to fetch Rs13,000 crore for the exchequer New Delhi: Pushing forward its disinvestment agenda, the Indian government has approved sale of its 9.5% stake in the country's largest power producer NTPC that could fetch as...

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MDT/PTI 23 November 2012
The 39.9MW projects comprise 19 units of Suzlon's S95 2.1 MW wind turbines to be supplied to Gujarat State Fertilizers and Chemicals and Bharat Electronics Bangalore: Wind turbine manufacturer Suzlon Group has received contracts for 39.9 MW projects from Gujarat State Fertilizers and...

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MDT/PTI 23 November 2012
According to the Road Secretary, banks have become more conservative and rigid and they are urging the lenders not to become more restrictive than what is required as part of the Model Concession Agreement New Delhi: A "conservative" and rigid approach by banks and hurdles in environment...

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MDT/PTI 23 November 2012
United Bank of India plans to raise at least Rs250 crore but not exceeding Rs300 crore, including premium from rights issue New Delhi: United Bank of India has said its board has given approval to raise up to Rs 300 crore through a rights issue, reports PTI.   The Board meeting...

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MDT/PTI 22 November 2012
NPPA has issued demand notices in 885 cases so far involving Rs2,577.28 crore for selling medicines at a price higher than the prices fixed under DPCO   New Delhi: The National Pharmaceutical Pricing Authority (NPPA) has raised a fresh demand of nearly Rs130 crore from various drug...

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MDT/PTI 22 November 2012
The Directorate General of Central Excise Investigation has detected two cases of tax evasion of Rs213 crore by Cadbury India    New Delhi: The Union government on Thursday said that Directorate General of Central Excise Investigation (DGCEI) has detected two cases of tax evasion...

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