COMPANIES & SECTORS


Moneylife Digital Team 12 July 2013
Ford India said that no accidents or injuries have been reported related to the issue and this is a proactive, voluntary recall action to ensure customers’ safety and satisfaction US auto major Ford on Thursday said it is recalling the diesel variants of its newly launched compact SUV...

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Moneylife Digital Team 12 July 2013
Nomura believes the House not taking up the Senate immigration bill is a temporary reprieve for the Indian IT sector as: 1) in a larger comprehensive bill the high skilled visa related provisions could have slid through without much opposition, 2) the Skills Visa Act introduced in the House...

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Moneylife Digital Team 12 July 2013
While, Infosys kept its dollar revenue guidance unchanged at 6%-10% for this fiscal, it revised its rupee revenue guidance upwards to 13%-17% from 6%-10% for the same period IT major Infosys on Friday reported a 3.7% increase in consolidated net profit to Rs2,374 crore for the first...

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Moneylife Digital Team 11 July 2013
Reported net profit of private IPPs (excluding Reliance Power) would be dented by the significant rupee depreciation against the dollar during the current quarter, says Nomura Equity Research Nomura Equity Research expects IPPs (including NTPC) and Coal India (CIL) to post a sub-par show...

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Moneylife Digital Team 11 July 2013
In a renewed effort to fire up the infrastructure sector, the prime minister recently announced plans to award mega projects worth Rs1.15 trillion (around $19 billion) through the PPP model by the end of FY14 With the exception of Gujarat Pipavav Port and L&T to an extent, Nomura Equity...

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Moneylife Digital Team 11 July 2013
ITC and Emami are preferred picks going into the results season. However, Nomura is cautious on Hindustan Unilever and Jubilant Foodworks   Nomura Equity Research , in its preview of the consumer sector, said, “We expect a quarter of stable earnings performance for 1QFY14F with a...

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Moneylife Digital Team 11 July 2013
Nomura believes that the IndusInd Bank's expanding branch network, increasing branch density, increasing ticket size of SA deposits and deposit productivity should help drive the bank’s growth IndusInd Bank reported 1QFY14 PAT growth of Rs3.35 billion, up 41.7% y-o-y versus Nomura Equity...

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Moneylife Digital Team 11 July 2013
Rose Valley is the third major entity from Kolkata to face action in recent months for running Ponzi schemes. SEBI has also clamped down on the Saradha group and Sumangal Industries In a fresh Ponzi clampdown, the Securities and Exchange Board of India (SEBI) on Wednesday barred...

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The Department of Fertilizers has been aware that gas is in short supply and LNG prices are high. What are the options open for the government to meet the demand for 30 million tonnes per annum of urea India needs 30 million tonnes of urea every year to meet the current agricultural...

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Moneylife Digital Team 10 July 2013
Nomura is slightly sceptical on execution timelines of Larsen & Toubro for some of its orders, as demand for imported LNG remains uncertain, and plans for most companies are still fluid   Nomura’s analysts met with Larsen & Toubro’s (L&T) management recently and found that the order...

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Moneylife Digital Team 10 July 2013
Nomura is positive on RIL and Cairn. Among oil PSUs, it believes that upstream PSUs are vulnerable to higher subsidy share With a sharp decline in oil prices and continued monthly diesel price hikes, Nomura Equity Research estimates first quarter (1Q) under-recoveries (U/Rs) to decline...

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Nidhi Ladha  and   Vinita Nair 10 July 2013
Privately placed debt is undoubtedly the lifeline for majority of NBFCs. The stringent condition requiring sufficient security cover for privately placed debentures, including NCDs, will surely affect the NBFCs who primarily raise money by issue of debentures The primary market for...

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Moneylife Digital Team 10 July 2013
Experian has increased its bid to Rs27 from Rs25 per share to buy minimum 26% stake in High Mark, the debt-ridden and cash-strapped credit bureau from India. The question, however, is whether High Mark would exist post the deal or will it be merged with Experian Experian Credit...

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Moneylife Digital Team 10 July 2013
Without disclosing the details of the clarifications sought, SEBI has said that “clarifications (are) awaited from lead manager” for the proposed rights issue Market regulator Securities and Exchange Board of India (SEBI) has sought clarification from the merchant banker of Godrej...

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Moneylife Digital Team 10 July 2013
“You are not carrying out any business there. You cannot be expecting any profit from the land. Why should you come in the way of the state handing it back to the agriculturists?” the court said   The Supreme Court today asked Tata Motors to clear its stand on Singur land. The court...

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Moneylife Digital Team 10 July 2013
The stamp duty and registration department (Mumbai) will introduce measures to curtail many complaints against sub-registrars by property-owners over recording of agreements of sale, gift, Will and mutations, at their residences. A sub-registrar can register agreements at the residence of...

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Tamil Nadu has offered to buy the entire 5% stake proposed for divestment in Neyveli Lignite Corporation. This and the positive response from SEBI must be appreciated. In addition, it is hoped that, as a sequel, the striking unions may resume production to feed the already power-starved state

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Moneylife Digital Team 10 July 2013
In the event of the company failing to comply with the order, the regulator warned the company and its eleven promoters and directors of initiating prosecution proceedings and a civil/criminal case against them Cracking down on a “potato purchase” illegal investment scheme promising up...

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Moneylife Digital Team 09 July 2013
The Financial Stability Report released by RBI has taken note of mis-selling in the wealth management division of banks. An issue which has been constantly been highlighted by Moneylife, needs to curbed with many checks and disclosures in place Taking serious note of the mis-selling that...

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Moneylife Digital Team 09 July 2013
Earlier in May, Ranbaxy the unit of Japanese Daiichi Sankyo, paid $500 million to settle similar charges relate with manufacture and distribution of certain adulterated drugs made at Paonta Sahib and Dewas in India Ranbaxy Laboratories has agreed to pay about $420,000 to settle civil and...

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