ECONOMY & NATION


Moneylife Digital Team 02 May 2014
The parent company of Cummins India has guided for a very weak year ahead for India with an expectation of about 15% revenue decline in powergen segment Cummins Inc, the parent company of Cummins India, while declaring its first quarter results has expressed worries over weak demand from...

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Moneylife Digital Team 02 May 2014
With Elango, the entire top management of Cairn India has quit the company since billionaire Anil Agarwal-owned Vedanta in 2010 announced buying majority stake in it Cairn India's interim chief executive P Elango has quit the company, completing the exit of all of the tier-1 management...

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Moneylife Digital Team 02 May 2014
HSBC India Manufacturing PMI stood at 51.3 in April, unchanged from 51.3 in March India’s manufacturing sector growth remained steady in April as a slowdown in export orders was countered by firmer domestic demand during the month, says a survey.   The HSBC India Manufacturing...

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If the UPA government announces new gas pricing while in power, but after 12th May, they will be damned and if they don't, they will still be damned!  The Manmohan Singh government is most likely  handover this responsibility to new government The general election process will be...

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Moneylife Digital Team 01 May 2014
For the Godrej group unit, the pace of recovery in margins in Africa and Indonesia is likely to gather momentum into FY15. This is expected to be a key catalyst to drive the stock price higher, says Nomura Godrej Consumer Products Ltd (GCPL)'s consolidated net profit in March 2014...

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Moneylife Digital Team 01 May 2014
The current quarter trend in Dabur India is likely to sustain into first half of FY15, which is a key positive as compared to peers where the outlook is more muted, says Nomura Dabur’s 4QFY14 results showed that it has been more resilient than its competition in a challenging overall...

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Moneylife Digital Team 01 May 2014
For FY14, Everest Industries reported fall in its net profit of Rs9.15 crore due to higher costs and muted sales Everest Industries, a Delhi-based steel building and building material manufacturer, reported a huge fall in its full year net profit fell mainly on dwindling sales from its...

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Moneylife Digital Team 01 May 2014
For FY14, Cera Sanitaryware reported a net profit of Rs51.91 crore following a 36% jump in its sales Cera Sanitaryware reported a full year higher net profit on robust sales growth. Following good FY14 performance, its shares reached its 52-week high at Rs969.75 on BSE on Wednesday.

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Moneylife Digital Team 01 May 2014
For FY14, Shriram City Union Finance  reported net profit of Rs521 crore on higher income from other sources Shriram City Union Finance Ltd (Shriram City), the non-banking financial company (NBFC) of Shriram group, reported a higher net profit for FY2013-14 on increase in its net...

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Domestic airlines still do not want to have any serious competition from "outsiders" and are scared that Air Asia and Tata-SIA will be able to perform better and possibly take away their business The Court case filed by Bharatiya Janata Party (BJP) leader Dr Subramanian Swamy will be...

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Moneylife Digital Team 30 April 2014
FTIL and NHBC are the two key related-parties to which monies have been paid by MCX for the exchange technology solutions and warehousing, respectively, says a report from PwC Auditing firm PricewaterhouseCoopers (PwC), in a report had said Multi Commodity Exchange of India Ltd (MCX)...

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Moneylife Digital Team 30 April 2014
For FY14, Kotak Mahindra Bank reported higher net profit of Rs1,503 crore on 16% growth in its net interest income Kotak Mahindra Bank, India’s fourth largest private sector lender, reported a 10% increase in its full year net profit mainly on rise in its net interest income (NII) and...

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Moneylife Digital Team 30 April 2014
During the March quarter, Hexaware Technologies' net profit fell to Rs70.3 crore on forex loss and higher tax provisions, even as its revenues increased 16% Hexaware Technologies Ltd (Hexaware) reported a 11.3% fall in its March quarter net profit on foreign exchange loss and higher tax...

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Moneylife Digital Team 30 April 2014
According to Nomura, CIL, the country's largest coal producer, would come up with weak Q4 results and then go in for a broad based hike in notified coal prices Coal India Ltd (CIL), the countries largest coal producer may come out with weak results due to lower year-end incentives and...

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Moneylife Digital Team 30 April 2014
As the automobile industry enters into a slow growth phase with only 8%-9% volume growth projected for FY15-16F, further market share loss could lead to no volume growth or even a decline for Exide Industries, says Nomura Exide Industries has seen a strong improvement in industrial...

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Moneylife Digital Team 30 April 2014
The amalgamation scheme from Gujarat Gas only indicates the discounted cash flow method used for valuing GSPC Gas, GGCL, and GFSL and underlying asset approach method for valuing investment holding company GDNL, says Nomura Gujarat Gas Co Ltd (GGCL) has released the composite scheme of...

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It may be shocking for readers to know that fake Indian currency notes of the Rs5, Rs10, Rs20, Rs50 and Rs100 denomination have surfaced in Bangalore! RBI Governor needs to clarify on the polymer currency notes issue and also, when the plan would be implemented As a parting shot, Dr KC...

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Moneylife Digital Team 29 April 2014
During the March quarter, Dabur India reported a net profit of Rs235.29 crore on robust sales growth in its health supplements, digestives and oral care business Dabur India Ltd (Dabur), the country’s fourth largest fast-moving consumer goods (FMCG) company, posted a 17.3% higher fourth...

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Moneylife Digital Team 29 April 2014
Just a day before the telecom tribunal's verdict allowing 3G intra-circle roaming services among operators, RCom signed an agreement with Tata Tele and Aircel.  A coincidence? The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Tuesday upheld plea of Bharti Airtel, Vodafone...

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Moneylife Digital Team 29 April 2014
Annoucing its exit, the Japanese telco said the spectrum administration in India was confusing and totally unpredictable Japanese NTT DOCOMO has announced its plans of exercising the option of selling its entire 26.5% stake in Tata Teleservices Ltd (TTSL) by the end of June 2014 if TTSL...

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