COMPANIES & SECTORS


Moneylife Digital Team 04 December 2014
With the latest deal, Sahara has come a step closer to raising the Rs10,000 crore that the SC had stipulated in order to secure bail for its chief, Subroto Roy   Sahara sold a big land parcel at the outskirts of the national capital for Rs1,211 crore to Gurgaon-based developer M3M...

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If the export subsidy of Rs3,300 per tonne is given, by extending the scheme, and bearing in mind the growing sugar stocks on hand, it would bring great relief to the industry   As per details released by the Indian Sugar Mills Association (ISMA), 45 mills, including 14 cooperatives...

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ARCs will come of age only when the legal process turns highly efficient   The 15:85 structure introduced by Reserve Bank of India (RBI) in August, raising asset reconstruction companies’ (ARC) minimum security receipts (SR) subscription to 15%, for acquisition of non-performing...

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Moneylife Digital Team 03 December 2014
The accused were booked following an order from the Sessions Court order which directed the ACB to probe the alleged irregularities in Slum Rehabilitation Authority -SRA project in suburban Bandra   Maharashtra Anti-Corruption Bureau (ACB) has filed a first information report (FIR)...

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Moneylife Digital Team 02 December 2014
After declaring Kingfisher Airlines and its four directors, including Vijay Mallya as defaulter, the United Bank has identified United Breweries Holdings, the guarantor to this loan, as wilful defaulter   United Bank of India has identified Vijay Mallya-led United Breweries Holdings,...

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It is not clear, at the moment, if the e-auction procedure will be adopted and whether priority will be given to actual steel producers   The Central Empowered Committee (CEC), set up by the Supreme Court had conducted a survey of the mining areas in Karnataka and has given various...

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Moneylife Digital Team 02 December 2014
A Magistrate Court in Latur levied a fine of Rs4,000 after Hindustan Unilever pleaded guilty under the Legal Metrology Act and Rules   Consumer goods company Hindustan Unilever Ltd (HUL) has been fined Rs4,000 by a Court in Latur in Maharashtra after the company pleaded guilty of...

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Moneylife Digital Team 01 December 2014
Mangalore Chemicals and Fertilizers shares reacted favourably to the resignation on the Bombay Stock Exchange and rose 7.65% to Rs89.25   UB group chairman, Vijay Mallya has quit as a director of Mangalore Chemicals & Fertilizers (MCF). MCF has informed BSE that Mallya, a director on...

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Moneylife Digital Team 01 December 2014
Maruti Suzuki said it is replacing, free of cost, a faulty part of clutch operation system in its newly launched Ciaz sedan   Maruti Suzuki India Ltd (MSIL), the country's largest carmaker has recalled 3,796 units of its newly launched mid-sized sedan Ciaz to replace a faulty part of...

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Moneylife Digital Team 01 December 2014
Out of the 12 special resolutions, shareholders rejected nine resolutions connected with entities related with USL chairman Vijay Mallya   Minority shareholders of United Spirits Ltd (USL) defeated a majority of the special resolutions during the company's extraordinary general...

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Moneylife Digital Team 28 November 2014
One option is to change the SpiceJet management like Satyam’s   The cash-strapped SpiceJet, which is suffering huge daily losses and the wrath of consumers due to flight cancellations, will have to remain operational using its own recapitalisation strategy as the promoters, according...

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Karnataka is making drip irrigation mandatory in sugarcane cultivation from February 2015. The state government has also asked sugar mills to start crushing sugarcane latest by 30th November   Two major decisions have taken place in the last few days in Karnataka state that are...

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Moneylife Digital Team 27 November 2014
According to Nomura, since we are entering a period of very low base from last year, for some categories in the auto industry growth rates would look very high in November   The path of volume recovery in Indian auto sales is likely to continue in November 2014 with improvement in...

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Moneylife Digital Team 26 November 2014
Rakesh Jhunjhunwala will buy 4.99% stake while a group of 12 individuals would purchase 56.25 crore warrants held by FTIL in MCX-SX for Rs88.42 crore   Financial Technologies (India) Ltd said it has entered into an agreement to sell its entire stake and warrants in MCX Stock Exchange...

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Moneylife Digital Team 25 November 2014
The Health Ministry has accepted recommendations of an expert panel that includes ban on sale of loose cigarettes and making cognizable offences related with tobacco   The Union Health Ministry has accepted the recommendation of an expert panel to ban the sale of loose cigarettes.

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Moneylife Digital Team 24 November 2014
According to Nomura, in 2015F, strength in the US and China would continue to drive global auto growth, coupled with further improvement in Europe and India   Global auto demand would continue to be steady with a 3.2% increase driven by Europe, the US and India and these three markets...

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Moneylife Digital Team 21 November 2014
FTIL founder-promoter Jignesh Shah would no longer hold any executive or managerial position the company   Jignesh Shah, the promoter of Financial Technologies (India) Ltd (FTIL) has stepped down as managing director and chief executive of the company. Shah would be replaced by...

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Moneylife Digital Team 21 November 2014
The Deen Dayal Upadhyaya Gram Jyoti Yojana and Integrated Power Development Scheme aim to strengthen sub-transmission and distribution network in urban and rural areas   The Union Cabinet has approved four significant decisions for the power sector — Deen Dayal Upadhyaya Gram Jyoti...

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Moneylife Digital Team 20 November 2014
Shares of both Kotak Mahindra Bank and ING Vysya Bank hit their 52-week high on Thursday following news reports about the possible merger between the two lenders. The acquisition was later confirmed by Uday Kotak via Twitter   Private lender Kotak Mahindra Bank Ltd Thursday said it...

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Moneylife Digital Team 20 November 2014
CBI had filed the closure report in the case in which it had earlier registered an FIR against JLD Yavatmal Energy, its directors Vijay Darda, his son Devendra Darda, Rajendra Darda, Manoj Jayaswal, Anand Jayaswal and Abhishek Jayaswal and other unknown persons   A special court on...

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