COMPANIES & SECTORS


Charles Ornstein (ProPublica) 18 December 2013
The sixth-largest drug maker already had begun cutting back on paid speaking, ProPublica's Dollars for Docs database shows In a major departure from industry practice, GlaxoSmithKline, the sixth-largest global drug maker, announced Tuesday that it will no longer hire doctors to promote...

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To resolve the sugar industry crisis, assistance should be given to sugarcane growers to get better returns through ethanol, molasses and bagasse In the recently held 79th Annual General Meeting of the Indian Sugar Mills Association (ISMA), M Srinivasan, chairman of ISMA requested...

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Moneylife Digital Team 18 December 2013
In an order, the commodities market regulator declared Jignesh Shah-led FTIL as ‘not fit and proper’ to hold more than 2% stake in MCX Commodities market regulator Forward Markets Commission (FMC), has termed Jignesh Shah, Financial Technologies (India) Ltd (FTIL) and two other...

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Moneylife Digital Team 17 December 2013
According to CARE Research, M&As in telecom would take some time to pick up, as players would wait for Lok Sabha election results and clarifications on other issues like one-time charge for excess spectrum and spectrum trading guidelines Consolidation-hungry telecom sector waited long...

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Moneylife Digital Team 17 December 2013
The Bombay High Court also found evidence of various irregularities including alleged siphoning off of funds at Zenith Infotech following the sale of the company's MSD business The Bombay High court has directed the sale of mainstay cloud computing business of Zenith Infotech Ltd (ZIL)...

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Moneylife Digital Team 17 December 2013
The Maharashtra government has made ready reckoner for real estate prices, its biggest cash cow, and increased its rates every year without any justification The Maharashtra government is reportedly mulling a 10% to 25% increase in the ready-reckoner (RR) rates for residential and...

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Moneylife Digital Team 16 December 2013
Infosys management indicated that the challenges to growth were more internal rather than external, as it would take time for the company to absorb the recent organisational changes, finds Nomura Infosys indicated that despite the improvement in the demand environment it’s near term...

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High dividend, buy-back and shares for employees are some of the bold moves that Coal India could make during Monday’s board meeting As the world's largest coal producer, Coal India Ltd is now saddled with the task of dealing with a strong workers' union force that plans to go on a...

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Moneylife Digital Team 16 December 2013
GlaxoSmithKline Pharmaceuticals’ parent GSK Plc along with GSK Pte voluntarily offered to buy additional 24.33% at Rs3,100 per share driving the share price of the Indian company to an all time high GlaxoSmithKline Pharmaceuticals Ltd hit its all time high of Rs2,952 in early trade on...

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Moneylife Digital Team 13 December 2013
Torrent strengthened its position in Indian market by acquiring Elder’s Pharmaceutical women healthcare and pain management business   Torrent Pharmaceuticals Ltd (Torrent) have entered into a definitive binding agreement with Elder Pharmaceuticals Ltd (Elder) to acquire Elder’s...

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Moneylife Digital Team 11 December 2013
A new survey reveals a stunning lack of ethics, poor regulation and lack of knowledge of participants afflicting the financial services industry The financial services industry has an ethics problem, according to a new report published by Economist Intelligence Unit (a part of the The...

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Moneylife Digital Team 10 December 2013
Bharti Aritel and Reliance Jio will utilise each other’s infrastructure to provide better quality of services Reliance Jio Infocomm Ltd (Reliance Jio), a subsidiary of Reliance Industries Ltd (RIL), and Bharti Airtel Ltd (Bharti) has decided to share each other’s telecom infrastructure....

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Moneylife Digital Team 10 December 2013
The draft guidelines for the new power regulatory regime and price has been formulated by CERC and it is expected to hit NTPC the worst National Thermal Power Corporation Ltd (NTPC) share crashed 11.26% Tuesday on BSE following news of new draft guidelines issued by Central Electricity...

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Moneylife Digital Team 10 December 2013
The price of LPG cylinder was hiked after the government raised commission paid to dealers by over 9% to Rs40.71 per 14.2-kg cylinder The price of domestic cooking gas (LPG) was on Tuesday hiked by Rs3.46 per cylinder after the union government raised the commission paid to dealers by...

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Moneylife Digital Team 05 December 2013
During November, all automakers reported weaker-than-expected numbers due to soft demand Indian auto industry witnessed weaker sales during November across the segments. While passenger car and medium and heavy commercial vehicles (MHCV) volumes declined tractor sales were the only...

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Moneylife Digital Team 05 December 2013
Vijay Mallya's Kingfisher owes Rs2,673 crore is the largest defaulter of PSBs while Winsome Diamond and Jewellery Co with dues of Rs2,660 crore is the second biggest defaulter Vijay Mallya-owned and now defunct Kingfisher Airlines is the biggest defaulter and owes Rs2,673 crore to public...

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Moneylife Digital Team 03 December 2013
Hero MotoCorp and Magneti Marelli would invest $8.5 million in three years in their JV HMC-MM Auto to produce new gen powertrains in India Hero MotoCorp, the country's largest bike maker on Tuesday said it has partnered with Milan (Italy) based Magneti Marelli for the manufacturing new...

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Moneylife Digital Team 03 December 2013
No sales growth and continued overcapacity in T & D makers in 2QFY14, says Nomura in its research note An analysis of the domestic power business of Crompton Greaves, ABB India and other small listed transformer makers suggests that 2QFY14 witnessed a modest margin uptick, says Nomura in...

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Moneylife Digital Team 30 November 2013
The Reserve Bank’s new norms may allow Italian CRIF credit bureau to enter Indian market and also let it take over the cash-strapped and troubled High Mark The Reserve Bank of India (RBI) has increased the foreign direct investment (FDI)  limit to 74% in credit information bureaus in the...

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Moneylife Digital Team 29 November 2013
Since 2011, the entire bullion trade is reeling under increased prices, however, Malabar Gold and Diamond’s turnover witnessed 550% jump! Malabar Group made a modest start in Calicut in 1993 with a capital of about Rs50 lakh. In just 20 years, it has grown in to a Rs22,000 crore empire,...

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