COMPANIES & SECTORS


Moneylife Digital Team 09 April 2013
Sources said the resource found may be significantly more than RIL’s pre-drill best case gross prospective resource of 819 billion cubic feet of gas and 56 million barrels of liquids for the well   Reliance Industries (RIL) has encountered natural gas in the first exploration well it...

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Moneylife Digital Team 09 April 2013
Indian steel stocks have been amongst the worst performing steel stocks globally during last 3-6 months on the back of weaker domestic demand environment and deterioration in profitability, says Nomura Equity Research in its Quick Note As per JPC (Joint Plant Committee), Indian steel...

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Moneylife Digital Team 09 April 2013
The acquisition will enhance TCS’ ability and footprint to service its customers in France and other regions in Europe IT services major Tata Consultancy Services (TCS) said it will acquire France-based enterprise solutions provider Alti SA for 75 million euro (about Rs533 crore) in an...

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Moneylife Digital Team 08 April 2013
The resignations come at a time when the Sahara group is fighting an intense battle with market regulator SEBI over issues related to refund of over Rs24,000 crore to an estimated three crore bondholders of its two companies Amid a fierce regulatory battle with the Securities and...

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Moneylife Digital Team 08 April 2013
A barcode helps in tracking and tracing of origin of drugs, which in turn helps in minimising the chances of genuine drugs being considered spurious, sub-standard or counterfeit. The Indian government has extended the deadline for affixing barcodes on primary level packaging by...

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Moneylife Digital Team 08 April 2013
The Bombay High Court also asked MTNL to pay electricity charges as per the tariff rate applicable for commercial consumers from June 2009 onwards The Bombay High Court on Monday upheld the decision of BrihanMumbai Electric Supply and Transport (BEST) to categorise telephone exchanges of...

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Moneylife Digital Team 08 April 2013
The Kalmadi promoted and now de-listed company has 1,479 minority stakeholders who together own 5.48%, while 23 people from the promoter group own the rest. In order to buy out fractional shares from minority stakeholders, Sai Service is increasing face value of its share to Rs25,000 from...

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Moneylife Digital Team 08 April 2013
DoT last Friday asked Bharti Airtel to end its 3G roaming pact with Idea Cellular and Vodafone under which the three firms on quid pro quo basis have been selling 3G services in telecom circles where they hold spectrum for the same The Department of Telecom (DoT) is seeking to invoke...

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Moneylife Digital Team 05 April 2013
MSD, in its plea, alleged that the Indian pharma company has violated its intellectual property right over its anti-diabetes medicines, Januvia and Janumet, by coming in the market with its own drugs containing the same salts The Delhi High Court today refused to grant interim relief on...

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Moneylife Digital Team 05 April 2013
CERC has not found merit in Adani Power’s petition for relief on account of “force majeure” or “change in law” or “frustration of PPAs”, says Nomura Equity Research in its Quick Note The Central Electricity Regulatory Commission (CERC) has ruled that Adani Power needs to be compensated...

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Moneylife Digital Team 05 April 2013
The government’s proposal to disinvest 5% stake via the ‘buyback’ mechanism and only 5% via an OFS is a positive surprise, according to Nomura Equity Research Global news agency Bloomberg, quoting a draft proposal by the Indian ministry of finance, states that the Government of India...

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Moneylife Digital Team 05 April 2013
Redington’s management indicated that based on the advice from two out of the big four audit firms in India and eminent tax lawyers, it is confident that this tax liability will likely be reversed As per Redington India’s filing with the BSE, the Indian income tax (I-T) department has...

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Moneylife Digital Team 05 April 2013
JLR numbers are weaker and there could be some negative stock reaction to the data, says Nomura Equity Research in its Quick Note Tata Motors JLR’s (Jaguar Land Rover) retail sales volume in the US increased 4% year-on-year (y-o-y) in March 2013. Jaguar volumes increased 7% y-o-y while...

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Moneylife Digital Team 05 April 2013
The CCEA’s decision was based on the recommendation of the Rangarajan committee report submitted in October last year The government on Thursday gave sugar mills freedom to sell the sweetener in the open market and unburdened them from the obligation of supplying the commodity at...

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Moneylife Digital Team 04 April 2013
While vacating a stay on DoT's order, the HC allowed Bharti Airtel to offer 3G roaming services till 8th May The Delhi High Court on Thursday lifted the stay on department of telecommunications (DoT) notice to Bharti Airtel, directing it to stop 3G services outside its licensed zones and...

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Moneylife Digital Team 04 April 2013
The decline in India's domestic air traffic is an exception, as the global traffic grew 3.7% After cancelling the mutation of the land deal, Khemka had alleged that he had received a number of threatening calls.   Four Haryana deputy commissioners conducted an inquiry into the...

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Moneylife Digital Team 04 April 2013
Vedanta's ability to tie-up funding to refinance its sizable maturities will continue to be tested in the next 18 months, even if the company can refinance its April and June 2013 maturities, according to the ratings agency Ratings agency Standard & Poor's (S&P) said it placed its 'BB'...

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Moneylife Digital Team 04 April 2013
BHEL will receive FGD system technology, used to remove sulphur dioxide from exhaust flue gases of fossil-fuel power plants, from Mitsubishi Heavy Industries India's state-run power equipment maker Bharat Heavy Electricals Limited said on Thursday that it has tied up with Japan-based...

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Moneylife Digital Team 04 April 2013
Gujarat-based electricity distribution companies collected excess energy charges from consumers for 16 days last year. It took Paschim Gujarat Vij Company over eight months just to agree to credit the excess amount in the next bill of high-tension power supply consumers Ahmedabad-based...

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Moneylife Digital Team 03 April 2013
While the Bombay HC has given its approval for Vedanta's plan to merge Sterlite with other group companies, it needs to take permission from Madras HC as well for the merger Vedanta group company Sterlite Industries (India) on Wednesday said the Bombay High Court has approved merger...

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