COMPANIES & SECTORS


Moneylife Digital Team 13 May 2013
Cummins India could recoup some of its lost ground on the back of a one-time gain of Rs491 million from sale of investments, says Nomura Equity Research in its First Look on the company’s stock   Cummins India reported weak quarterly results in the fourth quarter of FY13 on the back...

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Moneylife Digital Team 13 May 2013
The tax demands, which include taxes on income and services, are for financial years 2003 to 2010, WNS had said in its annual report for 2012-13 given to the US Securities Exchange Commission   After Vodafone, Nokia and Shell, WNS is the latest multinational company (MNC) that has...

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Jubilant Foodworks, which owns the Dominos and Dunkin’ Donuts brands, has fared poorly throwing up questions on whether the quick service restaurant (QSR) has saturated or not. Edelweiss has recommended a ‘Hold’ call to its clients   Jubilant Foodworks (JFL), which runs the Dominos...

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Moneylife Digital Team 10 May 2013
Total sale of vehicles across categories registered a decline of 0.34% to 14,67,492 units in April 2013 against 14,72,452 units in the same month of 2012, according to the data released by the Society of Indian Automobile Manufacturers   Domestic passenger car sales declined by 10.43%...

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Moneylife Digital Team 09 May 2013
Nomura has reiterated a buy on the pharmaceutical company due to increased sales from India and US, as well as robust pipeline of ANDA pipeline that could boost Lupin’s future prospects Lupin has reported exemplary quarterly results, with 34.7% increase in consolidated net sales for the...

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Moneylife Digital Team 09 May 2013
As per the complaitn, five entities, including pharmaceutical company Cipla and a state-level trade body are allegedly engaged in anti-competition practices in granting stockist licence for medicines in Himachal Pradesh Competition Commission of India (CCI) is probing allegations of...

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Function and powers of the coal regulator need to be specific and clearly stated, in order to prevent disputes arising out of interpretation of the rules laid down It is gratifying to note the Supreme Court bench, headed Justice RM Lodha has issued orders to the government to come with a...

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Moneylife Digital Team 09 May 2013
The apex court said it cannot sit on judgement on the decision taken by parties in a business dealing The Supreme Court on Thursday refused to interfere in the $8.5-billion Cairn-Vedanta deal and dismissed a public interest litigation (PIL) that had challenged validity of the...

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Moneylife Digital Team 09 May 2013
The Aditya Birla Group company saw its net profit rocket up helped by net sales and trimming of long-term debt Aditya Birla Chemicals (India) Ltd, has reported above average net sales growth. For the quarter to end-March, the Aditya Birla Group reported total revenues, including sales,...

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Moneylife Digital Team 08 May 2013
The company has delivered on the sales front but saw weak operating profit and benign net profit growth The net sales of Vinati Organics increased 20% for the quarter ended March 2013 over the same period last year. For the same quarter, operating profit grew 4% y-o-y to Rs37.46, after a...

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Moneylife Digital Team 08 May 2013
Aided by strong demand for home loans from individuals, HDFC reported 17% growth in fourth quarter net profit Housing Development Finance Corporation (HDFC), the country's largest home finance company reported a 17% growth in its fourth quarter net profit on robust loan...

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Moneylife Digital Team 08 May 2013
Rupee depreciation, steep rise in global LNG prices and economic slowdown, impacted Gujarat Gas’ gas sales volumes in C12 and 1QC13. However, now the LNG prices have softened and the company expects sales volume to pick up, says SBI Cap Due to increased LNG cost, the blended gas cost...

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Moneylife Digital Team 08 May 2013
The US authorities are investigating possible tax evasion by the American residents of Indian origin through use of their accounts with HSBC India The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) has said it may face 'significant' penalties from the US authorities regarding an...

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The coal ministry has proposed to replace the 26% profit sharing between coal and lignite miners with project people with a new royalty payment system It may be recalled the Mines and Mineral (Development and Regulator) Bill of 2011, to replace the old one was tabled in the Parliament in...

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Moneylife Digital Team 07 May 2013
217 companies from the Moneylife sample of 1,190 companies that have declared results so far, reveals muted sales growth but strong operating profit growth during the March quarter Of the 217 that have declared results so far out of the 1190 companies in the Moneylife database, net sales...

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Moneylife Digital Team 07 May 2013
In the RFDP for MA field, RIL has scaled down the investment by $276 million to $1.96 billion The Indian government has asked for certain clarifications on revised investment plan submitted by Reliance Industries Ltd (RIL) for its main gas producing fields in the eastern offshore KG-D6...

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Moneylife Digital Team 07 May 2013
Startup Village, mentored by Kris Gopalakrishnan, is India's first PPP model technology business incubator Angel fund Startup Village, which has Kris Gopalakrishnan, the co-founder of Infosys as chief mentor, has received permission from the market regulator to raise funds. Securities...

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Theodoric Meyer (ProPublica) 06 May 2013
The drug maker denies wrongdoing, but the Justice Department and a whistleblower say Novartis used cash and meals to get doctors to prescribe its drugs On Jan. 23, 2008, the pharmaceutical company Novartis threw a party at a restaurant on Long Island. The party, which cost $1,250, was...

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Moneylife Digital Team 06 May 2013
While growth continues to be driven by large industries, trade services, NBFCs and retail, the mid-corporate segment is still exhibiting weak credit offtake, says Religare Capital Markets February credit data released by the Reserve Bank of India (RBI) indicates that credit pick-up...

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Honda Amaze lives up to the reputation of its manufacturer The Honda Amaze is essentially a Honda Brio with a small boot which makes it a bit cramped inside, especially compared with the Maruti Suzuki Swift (with a boot), and the Maruti Suzuki D’Zire. The Amaze is likely to do very well,...

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