COMPANIES & SECTORS


Moneylife Digital Team 26 February 2013
The suit charged that TCS unjustly enriched itself by requiring all of its non-US citizen employees to endorse and sign over their federal and state tax refund checks to the company and by taking unauthorised deductions from employees’ paychecks Tata Consultancy Services (TCS), Asia’s...

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Moneylife Digital Team 26 February 2013
Kingfisher Airlines was allowed to fly to eight foreign destinations—Bangladesh, Hong Kong, Nepal, Singapore, Sri Lanka, Thailand, Dubai and Britain—between 2008 and 2011 The government on Monday withdrew all international flying slots given to now defunct Kingfisher Airlines, and said...

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Moneylife Digital Team 26 February 2013
The price of spectrum in the 1800 MHz band in Delhi, Mumbai, Karnataka and Rajasthan was reduced by 30% after no bid was received for them in November. But even after a price cut, there was no taker. Sistema Shyam Teleservices was the lone applicant in the CDMA auction The government’s...

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Moneylife Digital Team 25 February 2013
SBI said the infusion of Rs3,004 crore from the government would enable it to support its national and international banking operations through its subsidiaries and associates State Bank of India on Monday said it fixed issue price at Rs2,312.78 per share for preferential allotment to...

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Moneylife Digital Team 25 February 2013
Cairn believes the Rajasthan block holds an in place resource base of 7.3 billion barrels that can support 300,000 bpd of output Cairn India on Monday said it began drilling its first exploration well in four years on the Rajasthan block which will help the company to boost its output to...

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Prathmesh Bhargav 25 February 2013
While US, China, Israel and even smaller countries are busy in harnessing their youth to build something innovative, the Infosys, TCS, Wipro and others are just doing mundane tasks that the West thinks is not worth their time. That is fine, but are Indian IT companies then worthy of being...

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Moneylife Digital Team 22 February 2013
Properties and even the headquarters of Aftek, the Ranjit Dhuru promoted company are under the hammer since last year. However, the lenders still cannot find a buyer. Aftek is another one of Ketan Parekh's 10 stocks which have self-destructed Aftek (erstwhile Aftek Infosys), one of 10...

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Moneylife Digital Team 22 February 2013
Gujarat Gas (one of our Long Term picks) has posted decent third quarter results despite weak volumes. The stock appeared on the Long Term section in our 8-21 February 2013 issue with an entry price of Rs312.45. The share price is currently Rs289.20 on the BSE. Net sales of Gujarat Gas...

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Moneylife Digital Team 22 February 2013
The pressure on banks to cut the interest rates following the RBI moves have also narrowed down the growth in the net interest margins to 11.9% from 15.9% year ago Non-performing assets (NPAs) of banks have surged by 43.1% to a whopping Rs1.79 trillion in the first nine months of the...

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Moneylife Digital Team 21 February 2013
Nestle India has posted impressive net profit for the December quarter but the Europe horsemeat fiasco could affect its Indian operations or the brand image could take a beating. Not surprisingly, the fiasco found no mention in the Edelweiss’ analyst report Nestle India has performed...

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Moneylife Digital Team 21 February 2013
Maintaining cleanliness and hygiene in trains and stations, providing quality linen, upgradation of fire-fighting arrangements and new facilities for differently-abled persons are some of the measures likely to be announced by railway minister Pawan Kumar Bansal in his budget speech The...

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PS Deodhar 21 February 2013
The biggest albatross around India’s neck, preventing its healthy manufacturing growth in the face of the globalization threat is the lack of efficient infrastructure. Lack of ability to face global competition and our failure to create the necessary infrastructure on the other, is indeed a...

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Moneylife Digital Team 21 February 2013
As per the IRDA order, a micro finance institution (MFI), which also operates as a corporate insurance agent, cannot collect more amount than the premium charged for the policy on behalf of an insurance company The Insurance Regulatory and Development Authority (IRDA) Wednesday imposed a...

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Moneylife Digital Team 20 February 2013
AirAsia said Indian aviation has huge long-term growth potential and is expected to produce tremendous upside for first movers AirAsia Bhd, through its investment arm, AirAsia Investment (AAIL), has applied to India’s Foreign Investment Promotion Board (FIPB) for a proposed joint venture...

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Moneylife Digital Team 20 February 2013
The bank said it will issue an “ICICI Bank Platinum Visa Credit Card” to the holders of ICICI-Kingfisher card without any annual fees from 15th March onwards with same interest rate and credit limit as that on the existing card Leading private sector lender ICICI Bank has decided to...

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Moneylife Digital Team 20 February 2013
The Sensex will now be managed and operated by the new joint venture to be known as S&P BSE Sensex and effective Tuesday, all the BSE indices, including BSE 100 and BSE 200, will be co-branded ‘S&P’ Bombay Stock Exchange (BSE), India’s premier bourse, has inked a pact with S&P Dow Jones...

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Moneylife Digital Team 20 February 2013
Under the scheme, brokers and other market intermediaries will be given incentives for a specified period of time to bring in liquidity and generate investor interest in those securities which have limited trading activity MCX Stock Exchange (MCX-SX) on Tuesday said it will launch...

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Moneylife Digital Team 19 February 2013
More than 90% of sales for Balkrishna come from exports, making it vulnerable to the imposition of anti-dumping duty by any target market, says broking firm Espirito Santo Securities. We in our Antelope Stockletter had recommended Balkrishna Industries in the weekly issue date 11 July 2011...

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Ruias are  trying to escape action by negotiating a settlement in the controversial 2G issue Another part of the 2G scandal that was getting ready for a quiet burial will probably suffer collateral damage due to the sacking of CBI’s public prosecutor for conspiring with Unitech. On...

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Moneylife Digital Team 19 February 2013
The Supreme Court has ordered the auction of entire spectrum that was vacated by 122 2G telecom licences that court had cancelled on 2 February 2012 The government will conduct the third round of 2G GSM spectrum auction immediately after the bidding for the radiowaves ends in March in...

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