COMPANIES & SECTORS


Moneylife Digital Team 16 January 2014
Gary Kenneth Toomey is the second CEO after Nikos Kardasis to leave Jet Airways within seven months. Ravishankar Gopalakrishnan, has been appointed as 'acting chief executive officer' of the carrier Naresh Goyal promoted Jet Airways has lost another chief executive within a span of just...

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It is ironic that pellet plants and iron ore mines are both located in Karnataka. Yet the state obtains iron ore from Chhattisgarh at great cost of transportation, making it unviable for export It may be recalled that, on account of illegal mining activities, the Supreme Court had banned...

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Moneylife Digital Team 13 January 2014
Bharat Forge’s unit sold its entire 51.85% stake in its eight year old JV with China-based FAW group for Rs175 crore Bharat Forge Ltd (BFL), said its unit sold its entire 51.85% stake in its joint venture with China-based FAW group for Rs175 crore. The company’s unit, Bharat Forge Hong...

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Moneylife Digital Team 13 January 2014
DGH Choubey, who was part of the Kelkar Committee, has said that the panel had exceeded its brief and quoted data that had no attributable author or source The Director General of Hydrocarbons (DGH) has put in a strong note of dissent against the Vijay Kelkar Committee suggestion to...

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Every auto enthusiast will be eagerly looking forward to the India Auto Expo in 2014, due to be held in a new venue. Also, what should you do about outstation registration of cars? There can be nothing more obtuse than the suggestion coming from lobby groups that motor vehicles over a...

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Moneylife Digital Team 08 January 2014
Janardhan Trading Co, Central India General Agents, Birla Holdings and Sukriti Education Society, the four promoters of Digjam admitted that there was a delay of 101 days in filing requisite disclosures and thus paid Rs13.27 as settlement charges to SEBI Market regulator Securities and...

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The National Grid will smooth load flow with least amount of voltage fluctuation. This is likely to make power problems a thing of the past Almost 18 months ago, it may be recalled, that the whole of north, east and western India experienced a total power outage on 30th and 31 July 2012,...

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The arrivals of Air Asia and Tata-Singapore Airlines could make air travel affordable, especially to tier-II cities In the next few months, Air Asia India is expected to commence its airline operations with five aircrafts. As a budget airline, though it has not yet finally announced the...

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Morgan Stanley Mutual Fund’s exit says a lot about India’s regulatory regime, as much as about the fund companies Given the fanfare that marked the Morgan Stanley India Growth Fund’s arrival in India, in January 1994, its decision to throw in the towel exactly 20 years later, by selling...

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Moneylife Digital Team 06 January 2014
It is debateable as to how much of the rupee depreciation gains on margins are likely to be retained by companies going forward, says Nomura Nomura analysts are positive on the demand outlook for FY15F in the IT services sector in India. While top IT companies are big exporters,...

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Moneylife Digital Team 06 January 2014
According to Nomura, demand has slowed down quite substantially post a relatively strong festival season, however, margins for automakers would hold on due to recent price hikes December auto sales were below expectations, especially for commercial vehicles (CVs), while the decline in...

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Moneylife Digital Team 06 January 2014
While rejected petitions filed by AUSPI and COAI, the High Court permitted CAG to conduct audit of private telecom companies under the TRAI Act The Delhi High Court on Monday held that the Comptroller and Auditor General of India (CAG) can audit accounts of private telecom operators...

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The strategic move by the MoEF should be applauded and hopefully, a number of pending cases of UMPPs will now progress In a strategic move, which has been long overdue, the Ministry of Environment and Forests (MoEF) has decided that the UMPP (ultra mega power projects) will no longer be...

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Moneylife Digital Team 03 January 2014
BG Srinivas and UB Pravin Rao in their new role as president at Infosys will focus on global markets, delivery and service innovation Infosys Ltd on Friday appointed BG Srinivas and UB Pravin Rao as the presidents of the company with immediate effect. Both the presidents will report to...

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Moneylife Digital Team 03 January 2014
RBI allowed Karur Vysya Bank to increase FII investment limit to 40 % from 35% Private sector lender Karur Vyasa Bank (KVB) has been allowed by the Reserve Bank of India’s (RBI) to increase investment limit to 40% from 35% for foreign institutional investors (FIIs).   However RBI...

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Considering the hardship to mine labourers and their families, fall in export, starving of supplies to the domestic level, steel industry and miners are hoping for a positive reaction from the Supreme Court for Goa as well At the close of 2013, the good news is the lifting of the ban...

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Moneylife Digital Team 31 December 2013
According to NPAsource.com, Maharashtra, largely due to Mumbai, tops both the categories of commercial and residential NPA properties for sale Commercial and residential properties of non-performing assets (NPAs) with banks and financial institutions worth an estimated Rs7,700 crore are...

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In order to increase coal production, Moily must ensure that projects do not get inordinately delayed on the issue of clearances that apparently plague the industrial development, particularly in the mining industry With Jayanthi Natarajan leaving the ministry and Veerappa Moily taking...

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Moneylife Digital Team 30 December 2013
Tesco is the first global retailer to apply for multi-brand retailing after the Indian government allowed 51% FDI in the segment The Foreign Investment Promotion Board (FIPB) on Monday approved UK-based Tesco Plc's proposal to enter Indian multi-brand retail segment in a joint venture...

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Moneylife Digital Team 30 December 2013
Welspun Corp is selling its entire 39.88% stake in Leighton Welspun Contractors India Pvt Ltd for $99 million and would the money to reduce its debt Welspun Corp Ltd (WCL) said its unit Welspun Infra Projects Pvt Ltd will sell its entire 39.88% stake in Leighton Welspun Contractors India...

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