COMPANIES & SECTORS


Moneylife Digital Team 13 February 2013
India is witnessing good interest in the retailing segment, ever since the government allowed 100% FDI in single brand retail last January The finance ministry on Wednesday cleared four foreign direct investment (FDI) proposals in single-brand retailing, including that of Decathlon and...

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Moneylife Digital Team 13 February 2013
Reebok India had filed an FIR alleging fraud by its former managing director Subhinder Singh Prem and Bhagat. Both of them have denied the charges The Institute of Chartered Accountants of India (ICAI) has issued a show-cause notice to Reebok India’s former chief financial officer Vishnu...

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Moneylife Digital Team 13 February 2013
The bankers, who in Mumbai on Tuesday, said they had given the airline sufficient time for a fresh equity injection, but there was no headway. Meanwhile, a top banking official said the value of the Kingfisher brand and the personal guarantee of Mr Mallya was more than the exposure A...

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Moneylife Digital Team 12 February 2013
Motherson Sumi (one of our stockletter picks) has posted very good third quarter results, with We had recommended the stock on 1 June 2012 at Rs 107. The stock closed at Rs190.45 today, up by 77% in eight months Automobile ancillary producer and flagship of the Samvardhana Motherson...

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Moneylife Digital Team 12 February 2013
Insecticides India (one of our Street Beat recommendation) has posted average third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 October 2012 at Rs 412. The stock closed at Rs405 today, down 2% in four months We had written about...

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Moneylife Digital Team 11 February 2013
Total sales of vehicles across categories registered a growth of 5.31% to 15,61,104 units in January 2013 against 14,82,437 units in the same month of 2012 Domestic passenger car sales declined 12.45% to 1,73,420 units last month compared with 1,98,079 units in the same month of...

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Moneylife Digital Team 11 February 2013
Due to shortage of gas, the company—promoted mainly by NTPC and GAIL—has been generating only half of the installed capacity of 1,967 MW for than two years Ratnagiri Gas and Power, formerly known as Dabhol Power, said it has completely shut down power generation for want of gas since...

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Moneylife Digital Team 08 February 2013
Solar Industries (one of our earlier stockletter picks) has posted average third quarter results. Sales were sluggish because of slower exports and new ammonium nitrate regulations. We had recommended the stock on 19 August 2011 at Rs736.55 for our Antelope and Lion stockletters and exited at...

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Moneylife Digital Team 08 February 2013
Tax expenses jumped to Rs 63.03 crore in October-December quarter compared to Rs17.36 crore in the year-ago period Cadila Healthcare’s consolidated net profit declined more than 31% year-on-year to Rs 103 crore in the third quarter of financial year 2012-13 from Rs149 crore, mainly on...

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Moneylife Digital Team 08 February 2013
The decision to spend the money comes on the back of an alliance between the Indian MNC and three major European car manufacturers to understand their requirements for future car models Tata Steel has drawn up an investment plan of 2.3 million euros (Rs16.5 crore) to develop “next...

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Moneylife Digital Team 08 February 2013
Finance cost rose to Rs169 crore in the December quarter, up from Rs79 crore in the year-ago period on greater average borrowings Hindalco Industries’ December 2012 quarter net profit fell 4% to Rs434 crore, year-on-year on higher finance cost, which rose to Rs169 crore from Rs79 crore,...

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Moneylife Digital Team 08 February 2013
Total income from operations increased 0.5% y-o-y to Rs 759 crore while EBITDA went up by 25.5% y-o-y to Rs320 crore in the third quarter Great Eastern Shipping Company’s consolidated net profit rose by 1.21% year-on- to Rs 192 crore in the third quarter of financial year 2012-13...

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Moneylife Digital Team 08 February 2013
Provisions against bad loans went up nearly 49% quarter-on-quarter to Rs626 crore in October-December quarter Public sector lender Canara Bank’s third quarter net profit dropped 19% year-on-year to Rs710.5 crore, due to higher provisions. Net profit in the previous corresponding period...

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Moneylife Digital Team 08 February 2013
“The new organisation design is aimed at furthering the company’s initiatives to build a more connected organisation, aimed at delivering a world-class experience to customers,” the company said in a statement Private telecom services major Bharti Airtel on Thursday split its Indian...

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Moneylife Digital Team 08 February 2013
The NTPC offering was the government's third divestment in the current fiscal during which it has a target of Rs 30,000 crore Government-owned power utility major NTPC’s one-day offer for sale (OFS) through which the government sold 9.5% stake in the company was subscribed 1.7 times on...

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Moneylife Digital Team 07 February 2013
Venus Remedies (one of our stockletter picks) has posted satisfactory third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 May 2012 at Rs 161.10. The stock closed at Rs248.55 today, up by 54% in 9 months  We had written about Venus...

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Moneylife Digital Team 07 February 2013
GMR says the payment would help it to improve the cash-flow and profitability position for Delhi and Hyderabad airports The GMR Group said has it received Rs415 crore from national carrier Air India as part its dues for airport charges for Delhi and Hyderabad airports. This amount also...

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Moneylife Digital Team 07 February 2013
The Coimbatore-based sugar company and diversified entity disappointed amidst difficult conditions even as government attempts to decontrol the industry Rajashree Sugars & Chemicals, which is into sugar, distillery, power and biotechnology and based in Coimbatore, has reported a net...

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Moneylife Digital Team 07 February 2013
Higher international sales boosted the company’s topline even as global economic environment remained challenging. It plans to invest in plants to further boost topline and bottomline Jindal Saw, one of the leading pipe manufacturers, recorded net profit of Rs60 for the three months...

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Moneylife Digital Team 07 February 2013
The company reported disappointing third quarter results for the 2013 fiscal as both net sales and net profit slumped while debt remains high Ballarpur Industries (BILT), the Gautam Thappar-promoted entity, has reported a consolidated sales turnover of Rs 1,199.28 crore for the three...

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