COMPANIES & SECTORS


Sucheta Dalal Sucheta Dalal 21 April 2011
Relationship between business and politics lacks transparency Rajeev Chandrasekhar, businessman and member of Parliament said recently that the relationship between business and politics (or government) in India, suffers from “haziness, lack of transparency and general shadiness.” He said...

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Google’s influence is greater than that of Microsoft, Coke or Walmart—it is the most valuable global brand Even as one was tweeting away joyously about India’s measured victory in the quarter-finals of the World Cup against Australia, an equally chirpy seven-year-old lad interrupted—“Uncle,...

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Moneylife Digital Team 20 April 2011
Company’s IPO prospectus says it cannot compare the promise and performance of Galaxy Entertainment because it does not have the IPO records of Galaxy which are legal documents. Still, SEBI has cleared the Future Ventures’ prospectus, unaware of the irony Future Ventures India Limited, the...

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Moneylife Digital Team 20 April 2011
Swan Telecom director Vinod Goenka, Unitech Wireless (Tamil Nadu) managing director Sanjay Chandra, and three top officials of Reliance ADAG Gautam Doshi, Surendra Pipara and Hari Nair taken to Tihar Jail after Special Court concurs with CBI that they could hinder the smooth progress of...

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Moneylife Digital Team 20 April 2011
Net profit in fourth quarter grows 62% to Rs516 crore on lower bad loans provisioning and higher interest income; RM Malla, chairman and managing director, sets 40% growth target for retail deposits IDBI Bank will continue to increase the corporate loan business, but focus more on the retail...

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Sucheta Dalal Sucheta Dalal 19 April 2011
The only woman director on the board of Infosys Technologies quit last year, and the usually politically-correct company does not have a single woman on the board of the company or its subsidiaries It is considered to be a company with the highest standards of corporate governance, best...

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Moneylife Digital Team 19 April 2011
TV Mohandas Pai quit because of internal squabbles and not, as he said, because he wants to serve the country. Moneylife pieced together the picture from circles close to the company Given that the wealth of all its promoters remains substantially locked in the company, team Infosys puts on...

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Moneylife Digital Team 18 April 2011
The state power regulator also orders Anil Ambani group company to make a fresh bid for licence to distribute power in Mumbai suburbs In another major setback to the Anil Ambani group company Reliance Infrastructure (RInfra), the Maharashtra Electricity Regulatory Commission (MERC) has...

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Moneylife Digital Team 15 April 2011
Nomura Research and Sharekhan describe strong recovery in profitability in January-March 2011; point to correction on reduced demand as peak season closes Indian cement companies are expected to register a strong recovery in profitability in the fourth quarter of FY2010-11 on the back of surging...

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Moneylife Digital Team 15 April 2011
Slower-than-expected 13.6% growth in net profit by country’s No.2 software exporter and its lower-than-anticipated earnings forecast worries markets. Company announces resignation of TV Mohandas Pai; appoints Ravi Venkatesan, former Microsoft India chief, as additional director Infosys...

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Moneylife Digital Team 14 April 2011
Two years after the introduction of the extra FSI scheme that was subsequently struck down in court, builders are concerned that the Maharashtra government does not appear keen to resolve the matter With the issue of additional floor space index (FSI) for constructions in suburban Mumbai...

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Moneylife Digital Team 13 April 2011
The gold loan company has fixed the price band for its upcoming IPO at Rs160-Rs175 and said the proceeds from the issue will improve its capital adequacy Gold financing company Muthoot Finance plans to expand its presence in northeast Indian states, by setting up more branches there soon.

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Prof Anil Agashe 12 April 2011
A number of co-operative banks in Maharashtra are saddled with bad debts. Political interference seems to have silenced the banking regulator. It is high time the RBI, and the shareholders & depositors of these beleaguered entities woke up  Recent news reports suggest that there are nearly...

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Moneylife Digital Team 12 April 2011
Pune-based Prayas Energy Group sees an improvement in power capacity addition since the introduction of competitive bidding, but it says that the process must be above board Competitive bidding for power projects has significantly improved the tempo of capacity addition in the country, but...

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Moneylife Digital Team 12 April 2011
According to a recent research report, aggregate despatches for major cement players have gone up by 8.4% year-on-year in March. On a whole, industry despatches are expected to grow 5%-7%, but no uptick in demand is expected On 22nd February, Moneylife had reported on how due to the imbalance...

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Moneylife Digital Team 11 April 2011
Companies who are paying Rs5 lakh and above per month to an employee would have to mention the employee’s name in the director's report, says Ministry of Corporate Affairs The Ministry of Corporate Affairs (MCA) has increased the limits for the purpose of disclosure of particulars of...

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Moneylife Digital Team 09 April 2011
Strong credit growth is expected to boost the financial sector and economic growth should spur the retail sector, but telecom would be subdued due to competition IDFC Securities sees huge potential for the financial sector in the fourth quarter of fiscal 2010-11, on the back of strong credit...

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Moneylife Digital Team 09 April 2011
Pratip Chaudhuri is concerned about the bank’s high level of NPAs; plans international expansion  Pratip Chaudhuri, the newly-appointed chairman of State of Bank of India (SBI), has said that it will be his aim to make the bank the leader in the retail segment, to reduce the bank's...

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Veeresh Malik Veeresh Malik 07 April 2011
Ditch your kick-start, rusty throttles and hard-to-shift gears. Riding one of the new super bikes – now swamping Indian markets – requires a completely different set of skills  This column has long neglected two-wheelers, for a simple reason. Your correspondent grew out of them long ago—when...

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D Muthukrishnan 07 April 2011
By commonsensical valuation methods followed globally, Indian real estate sports nosebleed valuations. It is important to be aware of this if you want to ‘invest’ in real estate Property prices across India have run up a lot between 2003 to 2008, appreciating as much as even 400%+ during the...

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