COMPANIES & SECTORS


Moneylife Digital Team 06 May 2014
For FY14, HDFC reported higher net profit of Rs5,440 crore following growth in its loan portfolio by 16% and revenues by 14% Housing Development Finance Corporation Ltd (HDFC) reported higher full year net profit mainly on increase in its loan portfolio and revenues. For the 12...

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Moneylife Digital Team 06 May 2014
For FY14, Canara Bank reported lower net profit of Rs2,438 crore due to 44.4% higher provisioning Canara Bank, the state run lender reported a lower full year net profit mainly due to increase in its provisioning despite posting higher net interest income (NII) and revenues. For the...

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Moneylife Digital Team 06 May 2014
For FY14, V-Guard Industries reported higher net profit to Rs70.13 crore on strong growth in its electro-mechanical business V-Guard Industries, the Kerala-based electrical appliances manufacturer, reported a higher full year net profit, due to robust growth in its electro-mechanical...

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Moneylife Digital Team 06 May 2014
For FY14, Ajanta Pharma reported a net profit of Rs221 crore on robust sales growth and exports Ajanta Pharma Ltd, the speciality pharmaceutical formulation company, reported a 118% jump in its full year net profit on robust growth in domestic sales and higher exports. For the 12...

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Moneylife Digital Team 05 May 2014
Warburg Pincus-backed Capital First raised Rs178 crore from its promoter as well as from HDFC Standard Life through preferential shares at Rs153.80 per share, a premium of Rs143.8 per share Capital First Ltd, a non-banking finance company (NBFC), said it raised Rs 178 crore by issuing...

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China, flushed with funds, does not want to let go the opportunity to permit India taking advantage in Chabahar port development and related projects of railroads in Iran Couple of years ago the idea of developing Chabahar port in the Gulf of Oman with an initial investment of $100...

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Moneylife Digital Team 02 May 2014
The parent company of Cummins India has guided for a very weak year ahead for India with an expectation of about 15% revenue decline in powergen segment Cummins Inc, the parent company of Cummins India, while declaring its first quarter results has expressed worries over weak demand from...

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Moneylife Digital Team 02 May 2014
With Elango, the entire top management of Cairn India has quit the company since billionaire Anil Agarwal-owned Vedanta in 2010 announced buying majority stake in it Cairn India's interim chief executive P Elango has quit the company, completing the exit of all of the tier-1 management...

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Moneylife Digital Team 01 May 2014
For the Godrej group unit, the pace of recovery in margins in Africa and Indonesia is likely to gather momentum into FY15. This is expected to be a key catalyst to drive the stock price higher, says Nomura Godrej Consumer Products Ltd (GCPL)'s consolidated net profit in March 2014...

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Moneylife Digital Team 01 May 2014
The current quarter trend in Dabur India is likely to sustain into first half of FY15, which is a key positive as compared to peers where the outlook is more muted, says Nomura Dabur’s 4QFY14 results showed that it has been more resilient than its competition in a challenging overall...

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Moneylife Digital Team 01 May 2014
For FY14, Everest Industries reported fall in its net profit of Rs9.15 crore due to higher costs and muted sales Everest Industries, a Delhi-based steel building and building material manufacturer, reported a huge fall in its full year net profit fell mainly on dwindling sales from its...

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Moneylife Digital Team 01 May 2014
For FY14, Cera Sanitaryware reported a net profit of Rs51.91 crore following a 36% jump in its sales Cera Sanitaryware reported a full year higher net profit on robust sales growth. Following good FY14 performance, its shares reached its 52-week high at Rs969.75 on BSE on Wednesday.

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Moneylife Digital Team 01 May 2014
For FY14, Shriram City Union Finance  reported net profit of Rs521 crore on higher income from other sources Shriram City Union Finance Ltd (Shriram City), the non-banking financial company (NBFC) of Shriram group, reported a higher net profit for FY2013-14 on increase in its net...

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Domestic airlines still do not want to have any serious competition from "outsiders" and are scared that Air Asia and Tata-SIA will be able to perform better and possibly take away their business The Court case filed by Bharatiya Janata Party (BJP) leader Dr Subramanian Swamy will be...

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Moneylife Digital Team 30 April 2014
FTIL and NHBC are the two key related-parties to which monies have been paid by MCX for the exchange technology solutions and warehousing, respectively, says a report from PwC Auditing firm PricewaterhouseCoopers (PwC), in a report had said Multi Commodity Exchange of India Ltd (MCX)...

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Moneylife Digital Team 30 April 2014
For FY14, Kotak Mahindra Bank reported higher net profit of Rs1,503 crore on 16% growth in its net interest income Kotak Mahindra Bank, India’s fourth largest private sector lender, reported a 10% increase in its full year net profit mainly on rise in its net interest income (NII) and...

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Moneylife Digital Team 30 April 2014
During the March quarter, Hexaware Technologies' net profit fell to Rs70.3 crore on forex loss and higher tax provisions, even as its revenues increased 16% Hexaware Technologies Ltd (Hexaware) reported a 11.3% fall in its March quarter net profit on foreign exchange loss and higher tax...

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Moneylife Digital Team 30 April 2014
According to Nomura, CIL, the country's largest coal producer, would come up with weak Q4 results and then go in for a broad based hike in notified coal prices Coal India Ltd (CIL), the countries largest coal producer may come out with weak results due to lower year-end incentives and...

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Moneylife Digital Team 30 April 2014
As the automobile industry enters into a slow growth phase with only 8%-9% volume growth projected for FY15-16F, further market share loss could lead to no volume growth or even a decline for Exide Industries, says Nomura Exide Industries has seen a strong improvement in industrial...

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Moneylife Digital Team 30 April 2014
The amalgamation scheme from Gujarat Gas only indicates the discounted cash flow method used for valuing GSPC Gas, GGCL, and GFSL and underlying asset approach method for valuing investment holding company GDNL, says Nomura Gujarat Gas Co Ltd (GGCL) has released the composite scheme of...

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