COMPANIES & SECTORS


TruthInAdvertising.org 06 June 2014
GSK reached a $105 million settlement agreement (its fifth so far) with 44 states and the District of Columbia for its promotion of anti-depressants Paxil and Wellbutrin and its asthma drug, Advair GlaxoSmithKline LLC (GSK) has once again settled with regulators for alleged improper...

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Moneylife Digital Team 05 June 2014
Vodafone may apply for Unified Licence at appropriate time and obtain spectrum through market-related process for continuing the service in seven circles, the Telecom Dept has said The Department of Telecom (DoT) has rejected Vodafone India's request to extend its licences in seven...

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Moneylife Digital Team 05 June 2014
Deloitte has recommended options like reforming Coal India and its nine subsidiaries through internal changes in structure, systems and roles Consultancy firm Deloitte Touche Tohmatsu India Pvt Ltd, which was selected to study the restructuring of Coal India Ltd (CIL), has recommended...

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Moneylife Digital Team 05 June 2014
Ajay Piramal-led Piramal Enterprises paid Rs1200 per share or Rs790 crore to buy 10% stake in  Shriram City Union Finance, a unit of Shriram Group Piramal Enterprises Ltd said it acquired 9.99% stake in Shriram City Union Finance Ltd for Rs790 crore. Shriram City Union Finance is the...

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Moneylife Digital Team 05 June 2014
Income Tax department has alleged that NDTV concealed material facts from the High Court, including its move to reduce its capital, merger between two subsidiaries and mortgaging property worth Rs50 crore without the I-T dept's knowledge   Updated 11 June 2014 On 6 May 2014, The...

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Moneylife Digital Team 04 June 2014
Titan is well positioned to gain from an improvement in consumer spending with both the watches and jewellery segments set to see improved growth, says Nomura With growing expectations of a pick-up in GDP growth over the next two years, Nomura sees discretionary spending as a key...

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Moneylife Digital Team 04 June 2014
As economic growth picks up, India’s currently under-penetrated financial services sector could deliver significant and out-sized returns, says Morgan Stanley For India, a growth of 6.75% per annum is achievable over the next 10 years, which would translate to a $5 trillion economy by...

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Moneylife Digital Team 03 June 2014
A well-sold story during IPO generated lots of interest in Innoventive among institutional investors. One fine day, the profitable company's liabilities surged and its net loss widened. What went wrong? Innoventive Industries Ltd (Innoventive) a Pune-based iron and steel product...

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Moneylife Digital Team 02 June 2014
Following RBI directive last year, Italian CRIF has taken over cash-strapped High Mark Credit Information Services for an undisclosed sum As pointed out by Moneylife in November 2013,  Italy-based CRIF SpA has acquired majority stake in cash-strapped High Mark Credit Information Services...

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Moneylife Digital Team 02 June 2014
Indian Express' editor-in-chief Shekhar Gupta has resigned from the newspaper Shekhar Gupta, the editor-in-chief of the India Express, on Monday resigned from his post after spending almost 25 years with the newspaper.   In a letter to his colleagues, Gupta said, "It is time for...

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Moneylife Digital Team 02 June 2014
NDTV did not disclose Rs450 crore tax notice to exchanges and argued that the matter was “sub-judice” and that it has received a stay. Was this the reason for the resignation of its compliance officer? Prannoy Roy-led New Delhi Television Ltd (NDTV), which did not disclose the Rs450...

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Moneylife Digital Team 30 May 2014
Total amount of bad loans or NPAs of J&K Bank could be five times more of what the lender has shown, says the newspaper Greater Kashmir. The stock hit lower circuit    Jammu & Kashmir Bank (J&K Bank) shares tumbled 20% on Friday following reports of the lender's alleged concealment of...

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Moneylife Digital Team 30 May 2014
NDTV has argued that the matter was “sub-judice” and that it has received a stay. Other listed companies, including Infosys, however, time and again have disclosed such information to the bourses   Prannoy Roy-led New Delhi Television Ltd (NDTV), was served a Rs450 crore demand notice...

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Moneylife Digital Team 29 May 2014
RIL's Independent Media Trust would use the Rs4,000 crore funding for  acquisition  of  control in Network18 group   Reliance Industries Ltd said its board approved funding of up to Rs4,000 crore to Independent Media Trust (IMT), of which the company is the sole beneficiary, for...

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Moneylife Digital Team 29 May 2014
Anupama Yellajoshyula, a US citizen holds a hefty 25% stake in the scam-ridden Prithvi Information Solution. Is she holding this stake on behalf of the promoters whose stake is down to just 6.42%?   Prithvi Information Solutions is a beleaguered Andhra Pradesh IT company that had once...

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Moneylife Digital Team 29 May 2014
The SC Bench said in the production-sharing contract-PSC for Panna, Mukta and Tapti oil and gas fields, Reliance Industries and the Ministry  had 'consciously agreed' for arbitration in London in case of any dispute   The Supreme Court has allowed plea of Reliance Industries Ltd (RIL)...

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Moneylife Digital Team 28 May 2014
BG Srinivas, the highest paid executive, resigned from Infosys, making it the 10th high-profile exit from the company since the return of NR Narayana Murthy   The exodus of high-profile executives from Infosys continues. In a surprise move, BG Srinivas, president and member of the...

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The mammoth task of restructuring Coal India has to be done on a war footing, starting with making its subsidiaries totally independent profit centres   The new government takes over official control after the swearing in ceremony on 26th May, when the portfolios will be announced and...

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Moneylife Digital Team 21 May 2014
Sun Pharmaceutical, Ranbaxy Laboratories and Daiichi Sankyo approached the Supreme Court seeking its direction to vacate interim order of the Andhra Pradesh High Court, which had stayed the merger   The Supreme Court on Wednesday asked the Andhra Pradesh High Court, which had passed...

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Moneylife Digital Team 19 May 2014
MasterCard, which held 12.5% stake in ECS, a unit of Opus Software Solutions, decided to take over the company for an undisclosed sum   MasterCard Worldwide said it acquired ElectraCard Services Pvt Ltd (ECS), a payment services provider from Opus Software Solutions. No financial...

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