COMPANIES & SECTORS


MDT/PTI 02 January 2013
Around 200 listed companies would follow SEBI rule that mandates 25% public shareholding by June 2013, which would also infuse fresh shares worth Rs30,000 crore in Indian stock market Kochi: A total of 200 listed companies would comply with the new rule of Securities and Exchange Board...

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MDT/PTI 02 January 2013
SEBI has directed the four promoter entities, including two individuals, of Khaitan Electricals to make a public announcement regarding purchase of company's shares within 45 days Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has directed four promoter entities...

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MDT/PTI 02 January 2013
Air India's Mumbai-Singapore flight AI342 with 260 passengers on board was cancelled due to non-availability of commander Mumbai: As many as 260 passengers of a Singapore-bound Air India flight from Mumbai were stranded after the airline cancelled it citing non-availability of cockpit...

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MDT/PTI 28 December 2012
Around 10% of the total coal produced by state-owned Coal India is sold through e-auction. Under e-auction, coal is sold at spot market price New Delhi: Amid the power sector facing fuel shortage, the coal ministry has opined that diversion of a portion of e-auction coal to power...

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MDT/PTI 28 December 2012
Chairman-designate Cyrus Mistry, who made a visit to Bombay House on Friday, will on Saturday take charge of the new assignment, sources in Tata Sons said Ratan Tata, an iconic corporate leader, retired as chairman of the Tata Group after a 50-year run Friday but kept away from office on...

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MDT/PTI 28 December 2012
While a strike by pilots disrupted Air India operations for 58 days, Kingfisher Airlines’ engineers and pilots also struck work over non-payment of several months’ salary dues It was not smooth sailing for the Indian aviation industry in 2012 as it saw the grounding of Kingfisher...

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MDT/PTI 28 December 2012
The Kelkar Committee had recommended that diesel prices should be raised in staggered manner over the one-year period to wipe out Rs9.28 per litre loss on fuel sale. On kerosene, it had suggested raising rates by Rs10 per litre over two years New Delhi: Diesel prices may have to be...

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MDT/PTI 28 December 2012
“The analogue system will still continue. We will not accept the deadline as the ground reality in the state is different,” state urban development minister Firhad Hakim said Kolkata: With the deadline for cable TV digitisation ending Thursday, 27 December 2012, a West Bengal minister...

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MDT/PTI 27 December 2012
“Our focus now is on the development of Mahan coal block which will provide low-cost fuel source for the power plant,” Essar Energy chief executive officer Naresh Nayyar said Mumbai: Essar Power announced synchronisation of the first 600 MW unit plant of its 1,200 MW Mahan I project in...

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MDT/PTI 27 December 2012
“The IKEA Group must have the ability to retail its entire range of products in India as is being done globally in every country, where IKEA stores are located,” a company spokeswoman said New Delhi: Swedish furniture retailer IKEA said it wants the government to allow it to “retail its...

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MDT/PTI 27 December 2012
TRAI had asked telecom operators, who have lost their licences, to inform existing subscribers by 27th December if they are discontinuing service in circles where they don't hold spectrum to operate beyond 18 January 2013 New Delhi: Sistema Shyam Teleservices (SSTL), whose permits have...

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MDT/PTI 27 December 2012
The Rural Development and Panchayati Raj Minister said the state government is determined to strengthen democratic institutions in the state Jammu: The Jammu and Kashmir government will soon provide insurance cover to panches and sarpanches, Minister Ali Mohammad Sagar said, reports...

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MDT/PTI 27 December 2012
“Our Financial Planning Centres not only enable customers to buy policies but also help us service their requests more easily and quickly,” IndiaFirst Life Insurance managing director and CEO P Nandagopal said Mumbai: Private insurer IndiaFirst Life Insurance opened a financial planning...

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Moneylife Digital Team 27 December 2012
Two activists from Lucknow have urged the RBI governor to enquire into the allegations and cancel the licence of HSBC, if found true   Lucknow-based activists Amitabh Thakur and Dr Nutan Thakur have approached the Reserve Bank of India (RBI) with regard to allegations of...

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MDT/PTI 27 December 2012
As the year progressed, excitement and optimism turned into gloom as sales fell in almost all segments. Car and bike sales were hurt badly by rising fuel prices, high interest rates and overall low consumer sentiment. And 2013 is also expected to be witness subdued sales Beginning with a...

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Moneylife Digital Team 26 December 2012
Vepa Kamesam, former deputy director of the RBI, has resigned from the High Mark Board as independent director. The troubled credit bureau, which urgently needs an injection of money to remain viable, allotted 70% of its ESOPs to four independent directors, including Mr Kamesam and its...

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MDT/PTI 26 December 2012
The order is considered significant against the backdrop of a MoU signed by Maharashtra government and Mahindra & Mahindra for commissioning of Rs700 crore project at Nashik for manufacture of 'Logan' car Mumbai: The Bombay High Court has dismissed a petition filed by a company Zenith...

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MDT/PTI 26 December 2012
The Tribunal dismissed Tata Power's petition challenging MERC's order to impose cross subsidy surcharge from high billing consumers, who have migrated from Reliance Infra to TPC Mumbai: The Appellate Tribunal for Electricity (ATE) has dismissed the petition of Tata Power Company (TPC)...

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Cocking a snook at multiple layers of regulation and oversight, dubious schemes from Sahara to MPG Greenery are thriving At the time of writing this column, the Sahara Pariwar continues with its non-stop attempts to deny payment liabilities and avoid providing identity proof of the lakhs...

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MDT/PTI 24 December 2012
Once the agreement is in place, RDIF and SBI would team up to facilitate access to long-term capital in Russia and India besides promoting mutual investments New Delhi: State-owned Russian Direct Investment Fund (RDIF) and State Bank of India (SBI) plan to set up a $2 billion investment...

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