ECONOMY & NATION


Moneylife Digital Team 27 December 2010
Stockguru.India and its group companies are self-styled investment advisors, offering Rs22,000 on an investment of Rs10,000 in one year As if there were not enough potholes on the stock market route, here is a multi-level marketing (MLM) company that is promising 20% returns per month!...

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Raj Pradhan Raj Pradhan 27 December 2010
A record $6.5 billion exit, with latest being Reckitt Benckiser Group acquiring Paras Pharmaceuticals, was the highlight of the private equity scene in 2010. Longer term, there are demands for transparency and stringent due diligence  In a business that typically takes five to seven years for...

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Moneylife Digital Team 24 December 2010
The sudden spurt in the stock price will be an opportunity for investors who have been stuck with the shares The market regulator, the Securities and Exchange Board of India (SEBI), on Thursday barred PS Saminathan, managing director of Pyramid Saimira Theatre Ltd (PSTL), from the markets and...

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Debashis Basu Debashis Basu  and   Shukti Sarma 24 December 2010
JSW has been “setting up” a three million tonne greenfield steel project in Salboni, a troubled area in West Bengal, since 2007. That would certainly be buried now, after the Ispat takeover With Ispat Industries in his kitty, Sajjan Jindal has a merry new year ahead. But wait a minute. Wasn't...

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Sanket Dhanorkar 24 December 2010
A revival in business after a two-year slump saw a more confident corporate India undertake more M&A deals this year than in 2007. Global biggies came shopping too, with action focused on energy and healthcare The deal machine was in overdrive in 2010 as Indian corporates all over again showed...

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Debashis Basu Debashis Basu 23 December 2010
IL&FS is said to have agreed to Rs100 crore infusion in Jyothy Fabricare Services Limited, the laundry business subsidiary of Jyothy Labs, maker of whitener Ujala and mosquito repellant Maxo Jyothy Fabricare Services Limited (JFSL), a 75% subsidiary of Jyothy Laboratories Ltd (JLL), which is...

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Munira Dongre 21 December 2010
A look at the pros and cons of the Hero Honda split reveals more long-term negatives if at all; in the short term nothing much has changed. Surprisingly, the split does not seem to do much for Bajaj either Hero Honda clarified yesterday that royalty payments to Honda will be about 3-5% of...

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Veeresh Malik Veeresh Malik 21 December 2010
Everybody and their aunties from public relations companies have jumped onto the bandwagon of loud songs and dances by famous and not-so-famous singers, cricketers and actors, extolling the virtues of cars they actually do not drive Everybody already knows that all new and not-so-new cars and...

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Debashis Basu Debashis Basu 21 December 2010
After JSW’s takeover of Ispat, Sajjan Jindal is the largest steel producer, beating even SAIL, a remarkable achievement. On the other hand, Lakshmi N Mittal’s struggle to get a proper foothold in India has become even more difficult The takeover of Ispat Industries by the Sajjan...

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Debashis Basu Debashis Basu 21 December 2010
Don’t expect an investigation by the regulator, much less any indictment, but insider trading in Ispat counter was telltale The shares of Ispat Industries climbed over 10% on Monday—well before the deal between JSW and Ispat was announced. But Monday was the last stage of the rally, propelled...

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Sucheta Dalal Sucheta Dalal  and   Debashis Basu Debashis Basu 20 December 2010
The saga of continuing losses at Ispat Industries and repeated fund injection by banks and financial institutions is over. It is reliably learnt that JSW controlled by Sajjan Jindal has clinched the deal to acquire Ispat Industries. The promoters of Ispat Industries, Promod and Vinod Mittal,...

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Debashis Basu Debashis Basu  and   Sucheta Dalal Sucheta Dalal 20 December 2010
While the Mittals brothers had run out of options to raise more cash, the financial institutions were facing Rs10,000 crore of bad loans and JSW was keen to wrap up the deal  Three things seem to have sealed Ispat Industries Ltd’s (IILs') fate – firstly, pressure from government agencies,...

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Raj Pradhan Raj Pradhan 18 December 2010
The number of M&A deals this year has surpassed that in 2007, after a lull due to the financial crisis The number of merger and acquisition (M&A) deals involving Indian companies is seeing a revival signalling the appetite of Indian business for growth at home and abroad. According to PV...

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Yogesh Sapkale Yogesh Sapkale 17 December 2010
While its stock is still going strong, near an all-time high, with falling sales in the passenger car segment, Tata Motors faces an uphill task to become a complete automaker Tata Motors Ltd, the country's largest vehicle manufacturer, faces a daunting task to revive sales in the passenger car...

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Veeresh Malik on tales from the auto sector 17 December 2010
At Rs16 crore, Bugatti Veyron costs four times more than the costliest luxury car in the country. But can such an expensive, exclusive car be a good investment, asks Veeresh Malik The big news of the last fortnight had to be the ‘launch’, in India, of Volkswagen’s (VW) new Bugatti Veyron, the...

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Veeresh Malik on tales from the auto sector 16 December 2010
The surge in auto sales seen recently is simply the outcome of heavy discounts from dealers who have been holding large inventories, says Veeresh Malik During the last week of October and early November, there was a sudden surge in automobile sales across India. Popular logic puts it down to...

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Shukti Sarma 14 December 2010
The event would have brought several foreign winemakers to the country, but the industry thinks it won’t have much of an impact; probably not, as the business is already struggling due to a glut The fourth instalment of the Indian Wine Challenge, which was scheduled to be held in Mumbai in...

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Maulik Doshi 14 December 2010
Delhi tribunal rules that sale of software can be characterised as royalty from license income, and not a ‘sale of product’ and therefore is taxable The Indian software and information technology industry is facing uncertainty in several tax issues, the most fundamental of them being the...

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Yogesh Sapkale Yogesh Sapkale 13 December 2010
Although the ADA group company does not see a 'tariff war' in 3G services, the launch of broadband services by Reliance Infotel will be the most important factor in determining the tariffs for high-speed data services Telecom services provider Reliance Communications (RCom), which launched its...

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Munira Dongre 13 December 2010
Research reports have suggested that there could be a fall in power demand, resulting in a surplus power scenario in India in a few years from now. But is this happening sooner than expected? Overall power generation in November this year was up by 5% year-on-year to 62.5 billion units, but...

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