COMPANIES & SECTORS


Moneylife Digital Team 29 October 2014
Investors claim that investments made by ICICI Ventures in real estate projects caused huge losses, for which the investors are seeking damages   69 NRI investors, who had invested in ICICI Ventures' India Dynamic Fund III, have sued 'ICICI and associated companies' to the Mauritius...

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Moneylife Digital Team 28 October 2014
Japanese technology major Softbank's latest cash infusion into two hotly contested fields makes the competition even harder for the incumbents   Softbank Internet and Media Co has announced that it is buying stake worth $627 million in the e-commerce company Snapdeal. Just when...

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Moneylife Digital Team 27 October 2014
Times Internet recently acquired a defunct personal finance portal called Moneysights at an undisclosed price.   Moneysights, founded in 2009, by ex employees of InMobi, Mukesh Kalra and Santosh Nalvani, was a digital platform where one could buy and manage investment products. In...

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Moneylife Digital Team 27 October 2014
Owing to Haryana government’s likelihood to probe into DLF-Robert Vadra land deals, DLF makes its way into the list of top losers in the stock market   With the Haryana government gearing up to investigate land deals in the state, the DLF stock has already slumped 8.38% since the...

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Moneylife Digital Team 27 October 2014
GDP growth is expected to stand between 5% and 5.5%. The outlook on industrial growth is particularly optimistic for H2 FY15 with a range of 2-4% growth being expected, says CARE Ratings in a survey report   GDP growth is expected to pick up in FY15 and stand between 5% and 5.5%. The...

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Moneylife Digital Team 22 October 2014
HDFC said during the September quarter, its loan book rose by 14.6% to Rs2.12 lakh crore, as compared to Rs1.85 lakh crore same period last year   Housing mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Wednesday said its second quarter net profit rose on higher...

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Moneylife Digital Team 20 October 2014
The King County Court, Washington has issued an arrest warrant against Madhavi Vuppalapati, founder of Prithvi Information Solutions for her ‘wilful’ failure to appear and submit relevant documents before the Court   The Chief Civil Judge of the King County Court, Washington has...

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Moneylife Digital Team 20 October 2014
Kalyan Jewellers has received Rs1,200 crore investment from private equity firm Warburg Pincus, in return for a minority stake   Private equity firm Warburg Pincus has invested $200 million (about Rs1,200 crore) in Kerala-based jewellery manufacturing and marketing firm Kalyan...

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Moneylife Digital Team 20 October 2014
Jindal Steel and Power is already facing CBI probe for alleged cheating and misrepresentation of facts in bagging the Amarkonda Murgadangal block in Birbhum district of Jharkhand in 2008   Jindal Steel and Power Ltd shares fell by over 13% in early trade Monday on the BSE and National...

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Moneylife Digital Team 16 October 2014
As many as 61 thermal power stations out of 103 are grappling with critical coal shortage with less than a week’s stock at their disposal. Even NTPC, the country’s largest thermal power producer is battling with 0-1 day of stocks at some of its plants   Fuel stockpiles at all the...

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Moneylife Digital Team 16 October 2014
Google also launched next version of its Nexus 6 smartphone, an aluminium frame device that has a six-inch high resolution screen and a 13-megapixel camera   Google has ramped up its mobile arsenal, upgrading its Nexus line with a new tablet and smartphone, and unveiling its revamped...

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Moneylife Digital Team 13 October 2014
While two-wheelers maintained their growth in September, domestic car sales remain muted owing to the 15-days shraddha period after Ganesh visarjan   September 2014 turned out to be a good month, especially for commercial vehicle sales and three-wheelers. While two-wheelers maintained...

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Moneylife Digital Team 13 October 2014
The partnership will initially focus on Future Group’s 40 fashion brands and will subsequently cover all other categories   Kishore Biyani-led Future Group and retail giant Amazon on Monday entered into a partnership to build on synergies of experience in online and offline...

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Moneylife Digital Team 10 October 2014
A subsidiary of the London-based investment services company Growth Capital Partners, Chaucer Capital has cried foul over Maharashtra Government's breach of contract   London based Chaucer Capital, a real estate investment company, said that it will be filing a writ against the...

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Moneylife Digital Team 10 October 2014
A division bench of chief justice Mohit Shah and justice MS Sanklecha held that as there was no taxable income arising out of the transaction so there should be no transfer pricing provisions applicable to it   The Bombay High Court on Friday ruled in favour of telecom major Vodafone...

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Under the new Investment Policy for New Urea Plants, the government has sought the private sector applicants to provide bank guarantee of Rs300 crore that would be released related to various stages of completion of the project   Last week, Madras Fertilisers Ltd (MFL) went off...

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Moneylife Digital Team 09 October 2014
Although, investors continue to be jittery, perceiving the anticipated launch by R-Jio as disruptive, Edelweiss said the RIL unit is unlikely to make profits till FY19. In addition, established players like Bharti Airtel and Idea Cellular are not constrained by resources and can counter any...

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The government needs to do a quick policy review to cover simultaneous extraction of coal and methane. Existing coal block allottees should be cleared to proceed with plans for extracting methane gas without any further delay   Since 1950, methane gas, or coal bed methane (CBM) as it...

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Moneylife Digital Team 09 October 2014
The move would help in promoting wider investor base in listed state-run companies and also provide a boost to the government’s plan to raise funds from disinvestment programme   Paving the way for sale of public sector unit (PSU) shares worth an estimated Rs60,000 crore over next...

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Moneylife Digital Team 08 October 2014
Nokia was forced to keep its Chennai unit out of a $7.5 billion deal for sale of its handset business to Microsoft due to a tax dispute with Indian authorities   The Indian government on Wednesday said it will look into the issue of Nokia announcing suspension of its Chennai mobile...

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