COMPANIES & SECTORS


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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Coal India could explore the possibility of buying wagons from the Indian Railways, and forge a mutually beneficial partnership that could lead to long-term benefits For the aam aadmi, the best and the cheapest means of transport is none other than the ones provided by the Indian...

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Moneylife Digital Team 04 September 2013
A Rs5-6/litre diesel price increase is likely, after Parliament session ends this week, forecasts Nomura in its research note on the oil sector OMCs (oil marketing companies) are loath to raise prices while Parliament sessions are on. However, last weekend there were price hikes (petrol...

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Moneylife Digital Team 04 September 2013
RBI has taken away the last funding resource from developers, which may lead to cracking of the realty sector that is holding on to inventory since past few years Reserve Bank of India (RBI)'s latest warning to banks about not lending money to builders or developers under the 80:20 or...

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Moneylife Digital Team 04 September 2013
As per the agreement, after debate on the coal issue, BJP would allow continuation of discussion on Pension Bill in the Lok Sabha and consideration of Land Acquisition Bill in the Rajya Sabha The stand-off between the United Progressive Alliance (UPA) government and main Opposition...

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Moneylife Digital Team 03 September 2013
While MCX shares have been hitting the upper circuit limit for 10 out of 11 days, Bank of India sold its entire 1.03% stake in the company. What made the Bank so impatient? On Monday, Bank of India sold its 1.03% stake in Multi Commodity Exchange of India Ltd (MCX) for over Rs20 crore in...

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Moneylife Digital Team 03 September 2013
Microsoft has agreed to a 10-year license arrangement to use the Nokia brand on current and subsequently developed products based on the Series 30 and Series 40 operating systems Mobile handset maker Nokia Corp said it signed an agreement with Microsoft to sell all of its devices and...

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The overall coal inventory has now fallen to 57mt, most of which lying near pit-heads and some stored in remote coalfields not accessed by railways. To top this mess, Coal India want to reduce this inventory by 10mt this year In a couple of weeks from now, the Annual General Meeting of...

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Moneylife Digital Team 31 August 2013
Petrol price hiked by Rs2.35 per litre and diesel by 50 paisa, excluding state levies, effective midnight today   The government on Saturday raised the price of petrol by Rs2.35 per litre and diesel by 50 paisa a litre, excluding state levies.   The increase in rates, which...

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Moneylife Digital Team 29 August 2013
It is unlikely that the entire benefit from rupee depreciation will flow to margins in the IT services industry, since market share shifts remain the big growth driver says Nomura HCL Technologies and Tech Mahindra have until now shown rupee depreciation benefits in margins. Since they...

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Moneylife Digital Team 29 August 2013
Given the benefits of a weaker rupee and robust US pipeline, Lupin will not see any adverse effect on its earnings during FY14, says Nomura Slowdown in India during the FY14F, is unlikely to have a material impact on earnings of Lupin given the benefits of the weaker rupee and robust US...

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Moneylife Digital Team 29 August 2013
According to Nomura, TCS expects the bulk of rupee depreciation benefits to flow through to margins in second quarter of FY14F, given that depreciation has been too sharp too soon Tata Consultancy Services (TCS), India’s largest software company sees revenue growth during FY14 on better...

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A little investigation reveals that a lot more actually needs to be done for UMPPs, mainly about clearances from the environment ministry that are pending since ages. Why can't the MoEF come out with a list of pending cases, and explain? The cabinet committee on investments (CCI) has...

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Moneylife Digital Team 27 August 2013
The ratings agency would sell its 49% stake in its joint venture with NSE to an unit of the Exchange for Rs100 crore Ratings agency, CRISIL Ltd on Tuesday said that it will sell 49% of its stake in India Index Services & Products Ltd (IISL) to NSE Strategic Investment Corp for Rs100...

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Moneylife Digital Team 27 August 2013
The R-ADA group company would invest Rs100 in its joint venture with Chinese Ming Yang to co-develop a large portfolio of clean energy projects in India Reliance-Anil Dhirubhai Ambani group (R-ADAG) said its unit Reliance Capital will invest Rs100 crore in its wind energy joint venture...

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Moneylife Digital Team 26 August 2013
After streamlining across its TV channels, the TV18 group is reportedly shutting some of its web properties and drastically reducing staff strength Web18 Software Services Ltd, or Web18, the Internet and mobile arm of Network18, has reportedly decided to close several of its web...

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