COMPANIES & SECTORS


MDT/PTI 09 January 2013
To boost the industry sentiment and growth, SIAM demanded a reduction in excise duty and continuation of all benefits of the Auto Mission Plan (AMP) for another 10 years till 2026 New Delhi: Passenger car sales in the country declined by 12.5% in December last year, the steepest fall in...

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Moneylife Digital Team 09 January 2013
Auto component companies with a technological edge, global scale advantage or an identified and exploitable niche have better prospects in the current market, says Espirito Santo Securities. It has recommended Balkrishna Industries, Bosch and Motherson Sumi Auto sales in developed...

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MDT/PTI 09 January 2013
The DoT asked the apex court to consider allowing it to grant “temporary licences” to such operators till the completion of the fresh bidding process   New Delhi: The Centre on asked the Supreme Court to consider allowing the telecom operators, whose 2G licences were cancelled last...

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MDT/PTI 09 January 2013
The under-recoveries could decline to Rs0.8 trillion if diesel prices are increased at Re1 per litre every month as being proposed, Kotak Institutional Equities said Mumbai: Brokerage firm Kotak Institutional Equities revised its estimates of under-recoveries on diesel, kerosene and LPG...

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MDT/PTI 09 January 2013
Diageo has submitted its replies to clarifications sought by SEBI on the open offer for United Spirits and the market regulator would take a decision in due course Mumbai: Global liquor major Diageo Plc has submitted details sought by market regulator Securities and Exchange Board of...

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Moneylife Digital Team 08 January 2013
Patience amongst Marico shareholders for the Kaya business to break even was running out and the vertical slicing of Marico should provide some respite After more than a deacde of losses, Marico has decided to cut loose Kaya, the “skin care solutions company”. Marico Kaya Enterprises...

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MDT/PTI 08 January 2013
The Income Tax department is looking for some alleged mismatch in payments made by Nokia under the TDS category Chennai/New Delhi: Income Tax (I-T) department officials on Tuesday conducted a survey operation on the premises of Finnish cell phone major Nokia in Chennai on charges of...

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MDT/PTI 08 January 2013
The proposed open offer for an additional 26% stake in United Spirits entails Diageo to purchase about 3.8 crore shares at Rs1,440 per share Mumbai: The open offer for buying 26% in Vijay Mallya-led United Spirits, which was to start on Monday, has been postponed, pending final approval...

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MDT/PTI 08 January 2013
The next meeting will be held in Mumbai soon where lenders are likely to push for better commitment from the Vijay Mallya-owned Kingfisher Airlines New Delhi: Lenders of Kingfisher Airlines will soon decide on future course of action with regard to the grounded carrier as they do not...

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MDT/PTI 08 January 2013
Currently, the SLR is pegged at 23%, while the average industry holding is above 28% and the central bank has hinted at allowing part of it as liquid assets under Basel-III Mumbai: The Reserve Bank of India (RBI) has hinted at allowing part of the statutory liquidity ratio (SLR) holdings...

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MDT/PTI 08 January 2013
The petitioner had sought a direction to the RBI to regulate and fix the ceiling rate on lending by NBFCs, particularly Muthoot Finance and Manappuram Finance, which he alleged are engaged in pawn broking and charging an exorbitant interest of 39% to 40% from customers Bangalore: The...

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Credit-tracking system is in a mess and can cripple your financial life for no fault of yours. The RBI remains remote and inaccessible A bestial gang-rape of a 23-year-old sparked enough rage to bring thousands of New Delhi youngsters on the streets, to nationwide protests and global...

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MDT/PTI 07 January 2013
The auction will start with the unsold spectrum in 1800 MHz band at a reserve price, 30% lower, compared the one in the previous round held in November New Delhi: The second round of telecom spectrum auction is likely to be held on 11th March after the Cabinet decides on the reserve...

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By following SEBI’s guidelines, only 39% of applicants under the retail category got 20 shares each in the CARE IPO while 61% of the applicants, including number of those who applied for the maximum permitted under this category and blocked a sizable amount of Rs1.95 lakh were totally...

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MDT/PTI 07 January 2013
Expressing concern over a large number of misleading advertisements especially on health oils and tonics coming in print and TV media, the minister said the union government is very serious about checking this menace Kochi: Consumer Affairs Minister KV Thomas has said the union...

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MDT/PTI 07 January 2013
LIC HF has formed a committee comprising senior officials which is in touch with the apex bank on the ECB issue Hyderabad: LIC Housing Finance Ltd, promoted by state-run insurance giant Life Insurance Corp of India (LIC), is mulling raising Rs700-Rs1,000 crore through external commercial...

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MDT/PTI 04 January 2013
Moily said the government was also considering raising the cap on supply of LPG cylinders to nine per household in a year from current limit of six New Delhi: Diesel, kerosene and LPG (cooking gas) prices may be hiked soon as the Indian government considers Vijay Kelkar Committee...

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MDT/PTI 04 January 2013
In the case involving sale of shares of Reliance Petroleum, SEBI is said to have been investigating for a long time the alleged violation of insider trading regulations by RIL Mumbai: Reliance Industries Ltd (RIL) has approached the Securities Appellate Tribunal (SAT) against market...

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MDT/PTI 04 January 2013
Although PNB provides services to MetLife India as a distribution agent, the share of MetLife India in the business of life insurance is relatively insignificant and is not likely to raise any adverse effect on competition in India says CCI New Delhi: Fair trade regulator Competition...

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MDT/PTI 04 January 2013
According to Nobel laureate Joseph Stiglitz the real problem in the financial sector are issues of conflict of interests and when you have corporates opening their own banks, you are opening a venue for conflict of interests Mumbai: Nobel laureate Joseph Stiglitz has said corporates...

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