COMPANIES & SECTORS


Moneylife Digital Team 17 April 2013
MCHI's property exhibition in Mumbai suggests weak demand from end-users due to high prices. There were a few discounts or promotional schemes on offer but none more than 5% of the sales price. Weak affordability remains the key concern for near-term volumes and a revival hinges upon income...

Read More



Moneylife Digital Team 16 April 2013
For FY13, the Mukesh Ambani-led company's net profit rose 4.8% to Rs21,003 crore while its turnover grew to Rs3.71 lakh crore Reliance Industries (RIL), India's largest private sector company, reported a 32% increase in its fourth quarter net profit on improved refining margins. For the...

Read More



Moneylife Digital Team 16 April 2013
Lower investments in the sales force, a weak anti infective season and uncertainty surrounding the pending pricing policy are key hindrances to growth, according to Nomura Equity Research in its report on the domestic pharma sector   The India pharmaceuticals market (IPM) is a secular...

Read More



Moneylife Digital Team 16 April 2013
A probe conducted by SEBI revealed that Pedriano Investments, one of the promoter entity of Zensar Technologies, had failed to disclose to the company information regarding its shareholding within the specified time-frame The Securities and Exchange Board of India (SEBI) has settled...

Read More



Moneylife Digital Team 15 April 2013
In December last year, the PMO had directed power producers to sign FSAs with CIL in a month’s time. However, NTPC has refused to sign FSA, saying CIL was supplying poor quality coal The Union coal ministry has directed Coal India (CIL) to sign fuel supply pacts with power generation...

Read More



Moneylife Digital Team 15 April 2013
Lehman Brothers filed for Chapter 11 bankruptcy protection on 15 September 2008. The filing remains the largest bankruptcy filing in the US history, with Lehman holding over $600 billion in assets More than four years after it went bankrupt, US-based Lehman Brothers has offered to...

Read More



Moneylife Digital Team 15 April 2013
DCB Bank added five new branches during the quarter, taking FY13 additions to 10 new branches, says Nomura Equity Research in its Quick Note. DCB (Development Credit Bank) Bank reported over 50% year-on-year earnings growth for the 11th consecutive quarter, helped by stronger NIMs, (net...

Read More



Moneylife Digital Team 15 April 2013
For FY13, Tata Motors has achieved volumes of 372,062 units from its JLR arm—largely in line with estimates, says Nomura Equity Research in its Quick Note JLR’s (Jaguar Land Rover) wholesale volumes came in at 42,682 units in March 2013; up 17% year-on-year. This was largely in line with the...

Read More



Moneylife Digital Team 15 April 2013
Has ED Ajay Gupta quit? Is there something going on in Commercial Engineers & Body Builders Co (CEBBCO) that the public and shareholders do not know about? After Moneylife’s write up on CEBBCO’s sharp fall in stock price (CEBBCO, promoted heavily by several broking firms including Enam,...

Read More



In 5 out of 8 quarters, analysts have been horribly wrong about Infosys’ results, leading to a huge gap-down opening including today. What a huge fall for a company that once declared that "under-promise and over-deliver" was its strategy   Infosys shares fell by over 21% from...

Read More



Moneylife Digital Team 12 April 2013
A new report released by Credit Suisse has revealed that roads and railways are likely to drive up demand for cement, albeit at a gradual pace over the next 12 months Indian cement sector is poised to pick up, albeit gradually during FY 2014 and it is expected that the the next 12 months...

Read More



Moneylife Digital Team 12 April 2013
Nomura Equity Research, in its earnings preview for the financial sector, has forecast a 22.3% y-o-y PAT growth for private banks and a negative 13% growth y-o-y for PSU banks in the fourth quarter of the 2012-13 fiscal Nomura Equity Research, in its earnings preview for the financial...

Read More



Moneylife Digital Team 12 April 2013
Indian steel companies would continue to see a tough quarter. The key issue facing the industry is the weaker domestic steel demand which has kept the domestic prices under pressure, according to Nomura Equity Research in its Quick Note In the Indian steel sector seasonal strength should...

Read More



Moneylife Digital Team 12 April 2013
Weaker LME prices are likely to keep profitability under pressure for Indian non-ferrous companies, says Nomura Equity Research in its Quick Note Indian non-ferrous companies should see an improved quarter on the back of higher production; however weaker LME (London Metal Exchange)...

Read More



Moneylife Digital Team 12 April 2013
The IT major said consolidated revenue for the quarter under review, however, rose 18 per cent y-o-y to Rs10,454 crore and flat (0.3%) sequentially IT services major Infosys reported net profit of Rs2,394 crore for fourth quarter of fiscal 2012-13, registering a marginal 3.4%...

Read More



Moneylife Digital Team 10 April 2013
In 2012-13, sales of passenger cars fell to 18,95,471 units from 20,31,306 units in the previous fiscal Passenger car sales in India are forecast to grow 3%-5% in the ongoing fiscal on expectations of an improvement in overall macro-economic conditions, despite witnessing a fall of 6.69%...

Read More



Moneylife Digital Team 10 April 2013
Financial health of companies in the oil and gas sector is under a cloud. Will the government help out, asks Nomura Nomura Equity Research, in its fourth quarter earnings preview for the Indian oil & gas sector believes that upstream public sector units (PSUs) are expected to report weak...

Read More



Moneylife Digital Team 09 April 2013
If Subrata Roy and three other promoters, directors of Sahara fail to appear before SEBI on 10th April, the market regulator would ex parte settle the terms of proclamation of sale of their and the companies' assets   The Securities and Exchange Board of India (SEBI) has summoned...

Read More



Moneylife Digital Team 09 April 2013
Sources said the resource found may be significantly more than RIL’s pre-drill best case gross prospective resource of 819 billion cubic feet of gas and 56 million barrels of liquids for the well   Reliance Industries (RIL) has encountered natural gas in the first exploration well it...

Read More



Moneylife Digital Team 09 April 2013
Indian steel stocks have been amongst the worst performing steel stocks globally during last 3-6 months on the back of weaker domestic demand environment and deterioration in profitability, says Nomura Equity Research in its Quick Note As per JPC (Joint Plant Committee), Indian steel...

Read More

Free Helpline
Legal Credit
Feedback