COMPANIES & SECTORS


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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Moneylife Digital Team 18 November 2014
The loan, guaranteed by RIL, will be used to refinance term loans of $1.5 billion tied up by Reliance Jio Infocomm in 2010   Reliance Jio Infocomm Ltd (RJIL), the telecom unit of Reliance Industries Ltd (RIL) said it has raised a syndicated term loan of $1.5 billion from 26 lenders...

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We have too much sugar on hand but this may simply vanish if farmers take a holiday and switch over to other crops due to the lack of remunerative prices, and a bad monsoon ahead   The domestic demand for sugar in India is around 23 million and the projected production for this...

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Sahara tamasha continues   In early November 2014, The Mint reported that the Securities & Exchange Board of India (SEBI) had approached the Supreme Court seeking directions to be issued to the Sahara group to sell assets worth Rs47,000 crore. It may be recalled that the apex court,...

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Moneylife Digital Team 11 November 2014
According to the ratings agency, entry of Reliance Jio will intensify competition in the data segment, and may cause data tariffs to decline by at least 20%   Ratings agency Fitch on Tuesday said, the entry of Reliance Jio Infocomm in the Indian telecom space will intensify...

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Moneylife Digital Team 10 November 2014
Privatisation of national carrier Air India will not happen immediately, but cannot be ruled out in future, the civil aviation minister said   State-owned Airports Authority of India (AAI) and national helicopter company Pawan Hans will be listed on the stock exchanges to improve...

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Moneylife Digital Team 10 November 2014
As per the SIAM data, vehicle sales across categories registered a decline of 3.84% to 17.9 lakh units in October from 18.6 lakh units in same month last year   Domestic passenger car sales declined 2.55% to 1.59 lakh units in October from 1.63 lakh units in the year-ago month.

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Moneylife Digital Team 10 November 2014
Coal India, the country's largest producer, has signed FSAs with power producers to supply fuel for producing 73,675MW of electricity   The Coal Ministry has said that state-owned Coal India Ltd (CIL) has signed 161 fuel supply agreements (FSAs) for a capacity of 73,675 MW with power...

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