ECONOMY & NATION


Moneylife Digital Team 12 May 2014
The  $21  million  two-phase  financing  from Cipla will  support  Phase  2a and  Phase  2b clinical  trials  for Chase’s lead drug CPC201 Cipla Ltd said it invested $1.5 million for buying a 14.6% stake in US-based Chase Pharmaceuticals Corp. The investment will be done through Cipla's...

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Moneylife Digital Team 12 May 2014
For FY14, Andhra Bank reported fall in its net profit to Rs436 crore due to 2.3 times higher provisions and increasing NPAs Andhra Bank Ltd reported lower net profit in FY2013-14 due to increasing non-performing assets (NPA) and provisions.   For the 12 month to end-March, the...

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Moneylife Digital Team 12 May 2014
The products, platform and solutions-PPS business of Infosys has not performed as expected, except its Finacle core banking unit. This may have prompted Infosys to hive off PPS business to its unit Edgeverve Systems Infosys Ltd on Monday hived off its products and platform business into...

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Moneylife Digital Team 12 May 2014
Eicher Motors reported first quarter net profit to Rs160.62 crore on robust sales growth of its Royal Enfield Motorcycle business and exports Eicher Motors Ltd, the producer of iconic ‘Royal Enfield’ or Bullet brand motorcycles in India, recorded a higher first quarter net profit on...

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Markets are bracing for a possible global food shortage amidst fears that an unpredictable El Nino could see crops drowned by heavy rains in the American mid-west and shrivelled by excessive heat in Australia, South east Asia, India and Africa As the election process ends today, the...

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Western markets are not dominated by Chinese brands. It is the Chinese market that is being dominated by foreign brands. Even in surveys, local Chinese brands get criticized for poor quality and engineering and lacks the trust When China started to make cars, a chill went through...

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Moneylife Digital Team 10 May 2014
Is Reliance putting pressure to implement 10th January gas pricing guidelines? Reliance Industries Ltd (RIL) and its partners BP plc of UK and Niko Resources has issued a notice of arbitration to the Indian government seeking implementation of domestic natural gas pricing...

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Moneylife Digital Team 09 May 2014
During Q3, Accelya Kale Solutions reported higher net profit on one time gains from contract termination fees and forex Accelya Kale Solutions Ltd (Accelya), an information technology consulting and software company, reported a higher third quarter net profit mainly due to its one-time...

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Moneylife Digital Team 09 May 2014
The yoga guru was seeking directions from Supreme Court restraining any coercive action against him and for clubbing all FIRs lodged over his controversial 'honeymoon' remark The Supreme Court on Friday stayed all proceedings against yoga guru Baba Ramdev in different parts of the...

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Moneylife Digital Team 09 May 2014
Except two wheelers, all other segments like cars, CVs, LCVs reported a fall in sales during April, says SIAM The auto industry begin FY15 with declining sales in most segments during April, says Society of Indian Automobile Manufacturers (SIAM).   According to the data released...

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Moneylife Digital Team 09 May 2014
For FY14, Union Bank of India reported fall in its net profit to Rs1,696 crore due to higher non performing assets and provisions Union Bank of India (UBI) reported lower full year net profit due to increasing non performing assets (NPAs) and provisions. For the 12 month to...

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Moneylife Digital Team 08 May 2014
During the March quarter, Aditya Birla Chemicals' net profit fell 91% even as its sales rose 33% Aditya Birla Chemicals (India) Ltd shares fell over 18% on Thursday following a steep fall in its March quarter net profit. For the quarter to end-March, Aditya Birla Chemicals' net...

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Moneylife Digital Team 08 May 2014
Following the arrest of Jignesh Shah in the Rs5,600 crore NSEL scam, shares of MCX tumbled 9.38% to Rs483.55 while FTIL fell 5% to Rs276.70 in early trade on Thursday Shares of Multi Commodities Exchange of India Ltd (MCX) and Financial Technologies (India) Ltd (FTIL) slumped as much as...

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Coal India plans to reach this year's target of 507 million tonnes and 715 million tonnes by 2016-17 but continues to face serious hurdles from our own Environment Ministry and state governments Against the target of 482 million tonnes, the coal production in India actually reached only...

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Moneylife Digital Team 08 May 2014
Aviation regulator, DGCA, granted operating permit to AirAsia India though its launching clearance depends on the decision of  the Delhi High court AirAsia India, the $30-million tripartite joint venture between Tata Sons, AirAsia Berhad and Tekestra Tradeplace, has received operating...

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Moneylife Digital Team 08 May 2014
For FY14, Lupin reported higher net profit at Rs1,836 crore due to growth of its API and formulation business in US and Europe Lupin Ltd (Lupin), a generic pharmaceutical company reported a higher full year net profit on strong sales growth of its formulation and API business in key...

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Moneylife Digital Team 08 May 2014
For FY14, Kajaria Ceramics reported higher net profit at Rs124 crore on 16% growth in its sales Kajaria Ceramics, India's largest manufacturer of ceramic tiles, posted a full year net profit due to robust sales growth. For the 12 months to end-March, Kajaria Ceramics said its...

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VK Sharma 08 May 2014
Higher net profit or net interest margin does matter, while analysing the financial performance of a bank. RBI may also consider mandating banks reporting total assets/ balance sheet size rather than the so-called 'total business' adding deposits, liabilities and loan assets to have a true...

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Moneylife Digital Team 07 May 2014
The EOW of Mumbai Police arrested Financial Technologies' promoter Jignesh Shah in the Rs5,600 crore NSEL scam The economic offences wing (EOW) of Mumbai police on Wednesday arrested Jignesh Shah, chairman and managing director of Financial Technologies (India) Ltd (FTIL) in the Rs5,600...

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Moneylife Digital Team 07 May 2014
Lalu Yadav, a convict, and 2G scam-accused A Raja are among the 22 former ministers and MPs given special concession or extended lease of “ministerial bungalows” in New Delhi Several former ministers including Lalu Prasad Yadav, Buta Singh, Dayanidhi Maran, Pawan Kumar Bansal and even A...

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