COMPANIES & SECTORS


Moneylife Digital Team 24 September 2013
The USFDA’s presence in India is being increased to 19 from 12 American staff based in-country, including 10 dedicated specifically to medical products The US Food and Drug Administration (USFDA) is increasing its inspections of facilities of drug makers in India, the second largest...

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What defines luxury? Is it the brand value of the car or something else? Check to find out With the launch of the BMW-1 series, the iconic German manufacturer appears to have unveiled, for now, the smallest car they can launch. This does not include the BMW Mini Cooper, which is in a...

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India is an economy based on services sector. However, do we really provide even basic services to consumers in our own country? In a country, where the system and service providers care little about the customer, the solution lies in self-empowerment India is a service sector dominated...

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KK Sharma 19 September 2013
The Ranbaxy import alert case highlights the need for enterprises to learn early and follow a regulatory compliant route if they want to maintain a trajectory of progress, especially in the changed environment across the world Barely the news about the fine imposed by European Union (EU)...

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Moneylife Digital Team 18 September 2013
It has been over eight months since the e-filing system of Ministry of Corporate Affairs-MCA21 has been sputtering. Neither the MCA nor Infosys, which took over the site from TCS, is willing to resolve the issues Eight months after Tata Consultancy Services handed over the MCA21, the...

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Moneylife Digital Team 17 September 2013
Credit Suisse analysts continue to remain cautious on the corporate lenders as both asset quality and growth will come under pressure, they say in their research note. Also, continued growth in stress segments would mean that current asset quality issues are unlikely to dissipate quickly

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With the seven new blocks, Coal India hopes to develop 15 open cast and 12 underground mines, with an annual production capacity, when in full operation, of around 40-50 million tonnes Narasing Rao, chairman and managing director (CMD) of Coal India, while attending a seminar organized...

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Moneylife Digital Team 17 September 2013
The infrastructure major has divested 74% of its 73km long road project in Tamil Nadu—GMR Ulundurpet Expressways Private Limited (GUEL)—to IDFC-owned India Infrastructure Fund In line with GMR Group’s ‘Asset Right and Asset Light Strategy’, GMR Highways Ltd has signed a definitive...

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Moneylife Digital Team 16 September 2013
Omnesys NEST trading platform has a market share of 20% in India. With the acquisition, Thompson Reuters plans to offer a portfolio of integrated solutions for exchange traded instruments to its customers Information services provider Thomson Reuters has bought Omnesys Technologies Pvt...

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Moneylife Digital Team 16 September 2013
Lupin’s US unit will soon commence marketing the tablets used for the treatment of insomnia characterized by difficulties with sleep onset or sleep maintenance Pharmaceutical company Lupin Ltd (Lupin), said it received a final approval for its Zolpidem Tartrate extended - release tablets...

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Moneylife Digital Team 16 September 2013
Asia Index, the JV between BSE and S&P Dow Jones aims to an array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies The BSE (erstwhile Bombay Stock Exchange) and S&P Dow Jones have formed a joint venture, 'Asia Index' to provide an array...

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With substantial amounts of coal deposits, which are sitting pretty and not developed well despite fuel shortages, we are talking in terms of spending time, money and energy on items like shale gas. This makes one wonder if the government is really serious about environment issues, which are...

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Moneylife Digital Team 12 September 2013
Although domestic car sales grew 15.4% and two-wheelers by 3.8%, all other segments experienced drop in sales during August. Even car sales growth is attributed to low base effect from last year Notwithstanding the 15.4% growth in domestic car sales and 3.8% increase in monthly sales for...

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Moneylife Digital Team 11 September 2013
Jaypee group has been trying to monetise Jaypee Cement's assets in Gujarat since past year UltraTech Cement, the country's largest cement producer said it would buy 51% stake in Jaypee Cement Corp's unit in Gujarat for about Rs4,000 crore.   Jaypee Cement's Gujarat facility has a...

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Moneylife Digital Team 11 September 2013
Hindustan Unilever has products in soaps, detergents and skincare, and in discretionary segments like packaged foods and water purifiers. It will be affected adversely by the slowdown in the consumer sector, says SBICAP Securities With the economic growth tapering down to 4% for India,...

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After laying more than 70kms of gas pipeline on farmland, the Tamil Nadu government wants GAIL to reroute the laying process and align it with highways. This entails several risks, that of safety, security and maintenance State-run GAIL (India) Ltd is the largest gas transmission and...

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The CAG discovered crores of rupees vanished at the Railways due to the twin-freight policy! There is a need to be practical in plugging loopholes in freight rate, which leads to such malpractices   The Comptroller and Auditor General (CAG) has discovered the tip of the freight...

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Moneylife Digital Team 10 September 2013
Westlife Development, which recently completed the acquisition of Hardcastle Restaurants, a franchisee of McDonald’s Restaurants, suddenly suffers a drop in price after being locked in an upper circuit almost non-stop since January 2009.   The stock price of Westlife Development...

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Moneylife Digital Team 06 September 2013
According to ICRA, a weak macro environment, large rupee depreciation, vulnerability of a large number of infrastructure projects and the rising yields will have significant bearing on the earnings and asset quality of banks in India in FY14 Ratings agency ICRA has said that declining...

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What are the one thing should you look for in a hatchback? Should you rent out a vehicke? And how can you reduce costs by going online? Maruti launched a revamped version of their Wagon-R, called Stingray, a few days ago. At first glance, it will resemble the trend set off by the Ford...

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