COMPANIES & SECTORS


Debashis Basu Debashis Basu 18 November 2010
As Enam promoters bow out with one of their greatest trades ever, high-risk financial takeovers by banks a la Wall Street invades India Axis Bank, which has so far stayed away from the stock-broking business and has had an insignificant presence in the investment banking business, is paying...

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Moneylife Digital Team 18 November 2010
Brokerage says banks purchasing loan pools from MFIs under pressure The Andhra Pradesh government's ordinance to curb the activities of microfinance institutions (MFIs) has resulted in a wave of apprehension in the industry which is suffering from an acute financial crisis following a steep...

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Debashis Basu Debashis Basu 18 November 2010
Investors sell Axis Bank shares, the day after it announced the acquisition of Enam’s businesses. This is because commercial banks have a horrible post-takeover record of running investment banks The market has given a thumbs down to the Axis takeover of the high-profile but intensely private...

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Munira Dongre 15 November 2010
HSBC says its time to buy private sector banks over public sector banks based on better bottom-line performance, quality of growth, higher margins HSBC Global Research says the time is right for private banks to start outperforming PSUs. In a report dated 11th November, it underscores this...

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Munira Dongre 15 November 2010
 In two separate reports, broking firms Religare and Macquarie talk about rising PLFs in October and concerns of global investors about fuel supply risk and the increasing losses by state electricity boards. Both agree that merchant power prices will be under pressure In a recent report to its...

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Moneylife Digital Team 11 November 2010
The financial performance of India Inc in the September quarter has been decent, albeit slightly lower than anticipated. Steel products, real estate and auto ancillaries posted robust growth while cement and IT companies fell short A large part of the widely-anticipated Q2 earnings season is...

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Moneylife Digital Team 10 November 2010
Funded by a renowned PE firm New Silk Route, financial services provider Destimoney Securities is looking to make further inroads in a highly competitive environment The attractive yet cutthroat world of retail financial services and distribution is like a rainbow being chased by companies big...

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Moneylife Digital Team 09 November 2010
The sustained decline in profitability of the bank, coupled with the additional impact of further provisioning on its books is of grave concern for shareholders Kerala-based Dhanlaxmi Bank is treading on choppy terrain these days, if its financials are anything to go by. The lender's...

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Moneylife Digital Team 09 November 2010
Natural calamities that have occurred in Asia recently will create some pressure on prices till the end of December, according to the investment banker Investment bank Goldman Sachs has said that it expects steel prices to remain under pressure till the end of this year due to adverse weather...

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Moneylife Digital Team 08 November 2010
It expects to generate Rs40 billion from its planned follow-on public offer; admits that a few of its urban projects have been held up due to resistance from locals Power Grid Corporation of India Ltd, the government-run entity which controls nearly 95% of India's inter-state and inter-regional...

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Debashis Basu Debashis Basu 04 November 2010
After it palms off its loss-making subsidiaries to foolish strategic investors, what can stop NDTV from becoming a sick company? NDTV reported a net loss of Rs34.27 crore for September quarter this year, on an operational income of Rs65.65 crore. This is not surprise. After all, it had reported...

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Moneylife Digital Team 04 November 2010
Affordable housing was in great demand during the global recession, but subsequent economic recovery led to change of attitude among developers. However, not all is lost, as some developers are still pursuing affordable housing projects and have some major plans lined up "Affordable houses for...

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Yogesh Sapkale Yogesh Sapkale 03 November 2010
Besides banks and other financial institutions, CIBIL is looking towards telecom, insurance and MFIs as potential business opportunities Credit Information Bureau (India) Ltd (CIBIL) has said that it is looking to expand its business by tapping new avenues and is in talks with telecom and...

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Moneylife Digital Team 02 November 2010
The action on the credit card front has been quiet so far. With HDFC Bank having become the largest card issuer and the banking behemoth SBI announcing a major expansion plan, a fresh battle may be brewing India's largest lender State Bank of India (SBI) has announced its intention to put its...

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Moneylife Digital Team 02 November 2010
Analysts feel that the small hike in short-term lending and borrowing rates will not hurt the realty sector as buyers are more concerned over skyrocketing property prices rather than rising interest rates The hike in the short-term lending and borrowing rates by the Reserve Bank of India (RBI)...

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Moneylife Digital Team 29 October 2010
It has been more than a decade now that private insurance players have been trying to gain a foothold in the market. But despite tying up with global leaders and having some of the best brains on board, private insurers seem to be headed nowhere    Private sector insurers are witnessing rapid...

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Moneylife Digital Team 29 October 2010
New Delhi: Advertising spend in India in the 12- month period ended June this year stood at $6.7 billion (around Rs29,727 crore) across mainstream media, posting the highest annual growth rate of 28% in the Asia Pacific region, reports PTI quoting a survey. The Nielsen Company's survey that...

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Moneylife Digital Team 29 October 2010
Indian retail lending is picking up momentum again after past mistakes. According to IDFC, the segment is likely to grow at a 29% CAGR over FY10-FY12 to a whopping Rs4.2 lakh crore India's retail loan segment is making a comeback of sorts with a changed business model and limited competition....

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Moneylife Digital Team 27 October 2010
The Rs280 crore that the poultry group is planning to pay for Blackburn Rovers isn’t exactly chicken feed for the company. At the end of the last fiscal, Venky’s had a cash balance of only Rs10 crore. How will it cross this road? Indian poultry firm Venky's Ltd, the flagship company of...

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Sucheta Dalal Sucheta Dalal 27 October 2010
It is learnt that the microfinance company feels that going to the EGM will only lead to washing of more dirty linen in public. The sacked CEO may also not prefer staying on the board of the company After unceremoniously sacking its CEO, Suresh Gurumani, the board of directors of SKS...

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