COMPANIES & SECTORS


Moneylife Digital Team 02 April 2013
The MTP suggests Ranbaxy would move beyond just plain vanilla generics and pursue differentiated generic opportunities and branded segments like dermatology in the US. The MTP suggests Ranbaxy pursuing inorganic growth options in key markets   The US FDA (Food and Drug Administration)...

Read More



Moneylife Digital Team 02 April 2013
The current contract is just for booking terminal capacity. GAIL would need to source feedstock gas and if it is not able to than it will need to pay a capacity charge. To mitigate the risk, GAIL would need to take more stakes in upstream shale gas projects in the US State-owned gas...

Read More



Moneylife Digital Team 30 March 2013
No-frill carrier IndiGo is likely to decide on the issue shortly. So far the airline has desisted from revising fuel surcharge but it is expected to take a call on the issue in the next couple of days State-owned Air India and private carrier Jet Airways have hiked fuel surcharge on...

Read More



Moneylife Digital Team 29 March 2013
Troubles continued for the debt-ridden Deccan Chronicle Holdings as the DRT ordered attachment of promoter’s properties, while a court in Chandigarh has issued non-bailable warrant against the company directors The regional office of Debt Recovery Tribunal (DRT) from Hyderabad has...

Read More



Moneylife Digital Team 29 March 2013
Automobile companies are offering discounts and low interest rate schemes to increase sales volumes but growth remains very weak Customer footfalls and conversion rates have remained quite low in the Indian automobile industry. Although automakers are offering discounts and low interest...

Read More



Moneylife Digital Team 28 March 2013
The I-T department had on 8th January conducted a survey operation at Nokia’s Sriperumpudur factory and said it had found prima facie defaults in TDS deductions on royalty payments made by the plant to its parent company The Income Tax (I-T) department has slapped a Rs2,000 crore notice...

Read More



Moneylife Digital Team 26 March 2013
Airport operators, particularly the Airports Authority of India, had seized several aircraft of the Vijay Mallya-owned carrier and decided not to release them till Kingfisher clears their dues   The Director General Civil Aviation (DGCA) today said it has deregistered 15 aircraft of...

Read More



Kishore Biyani, who calls himself as “creator and destroyer”, has hived off yet one more of his non-core businesses. Soon he may re-focus on the retail world, from where he started Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday signed a non-binding term sheet...

Read More



Moneylife Digital Team 21 March 2013
The protesting employees have urged RCB players to boycott Mallya’s team. They have also asked the BCCI not to allow RCB to participate in the upcoming IPL Frustrated over not getting salaries for the last 10 months, Kingfisher Airlines employees on Wednesday asked the government to act...

Read More



Moneylife Digital Team 20 March 2013
Manappuram crash testifies what Moneylife has been saying for a very long time—that gold-loan companies are built on extremely shaky and fragile foundation with poor supervision   The share price of Manappuram Finance is down nearly 30% in just two days, tanking to Rs24.60 from...

Read More



Moneylife Digital Team 20 March 2013
The programme covers all the 39 state power discoms. It, however, does not cover state energy departments and private discoms   The Union power ministry on Tuesday launched a ratings programme for distribution utilities which would enable them to procure loans at better interest rates...

Read More



Aditi Jhunjhunwala 19 March 2013
Specification of the rate of duty on schemes of arrangements in the state now comes as a big relief. Not only will the stamp duty be lower than that applicable on a conveyance, but the issue of applicable/ applicability of stamp duty is now no longer ambiguous West Bengal has a reason to...

Read More



Moneylife Digital Team 19 March 2013
Besides Mittal and Ruia, the court issued summons against Asim Ghosh, who was the then managing director of accused firm Hutchison Max Telecom Pvt Ltd and former telecom secretary Shyamal Ghosh for 11th April A Delhi court on Tuesday summoned as accused chairman-cum-managing director of...

Read More



Moneylife Digital Team 19 March 2013
Reebok India in its FIR filed last year had alleged financial fraud to the tune of Rs870 crore by top officials of the company The Serious Fraud Investigation Officer (SFIO) is finalising its report into the alleged financial irregularities at sportswear maker Reebok India, corporate...

Read More



Moneylife Digital Team 14 March 2013
The cable distributor along with 24 other entities including its CMD Sameer Manchanda and Network18 founder Raghav Bahl paid Rs4.93 crore to SEBI for settling various alleged violations committed by Den Networks during its IPO   Den Networks, along with 24 other entities, including...

Read More



Moneylife Digital Team 14 March 2013
According to Nomura, domestic pricing trends, regulations, and performance in Africa will be the key drivers for Bharti Airtel. In addition, 'newsflow’, which has become a key driver of the company’s share, price far more than fundamentals even, is likely to continue and the stock would...

Read More



Old demons of surging prices, ballooning inventory levels and subdued demand returned to haunt the sector during the third quarter, says the real estate rating and research agency The third quarter of FY2012-13 saw the residential realty sector slipping into a lull once again. The market...

Read More



Moneylife Digital Team 14 March 2013
While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with the January decision to raise prices in small dozes every month till all of the Rs11 per litre losses are eliminated Petrol price may be cut by about Re1 per litre...

Read More



Moneylife Digital Team 13 March 2013
Credit Suisse expects the supply glut pressure to ease up, with north India benefitting the most from the accretive price increase in cement. However risks like paying the penalty of $1.2 billion levied by CCI and government support remains  When the infrastructure boom was happening...

Read More



Moneylife Digital Team 12 March 2013
Hope and optimism was palpable in the 14th edition of FICCI FRAMES—as in the previous years. What was also constant year after year are laments about hurdles like muddled policies and unreliable data of audience measurement As usual, the 14th edition of Federation of Indian Chambers and...

Read More

Free Helpline
Legal Credit
Feedback