COMPANIES & SECTORS


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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Moneylife Digital Team 03 May 2013
As per the agreement, Qatar Foundation Endowment will subscribe to 199,870,006 new shares of Bharti at a price of Rs340 per share amounting to a total consideration of Rs6,796 crore Private sector telecom services major Bharti Airtel on Friday announced that it will sell 5% stake to...

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Moneylife Digital Team 03 May 2013
Nomura Equity Research believes that better April 2013 volumes could possibly be an initial sign of potential improvement in the demand environment, going ahead Most of the Indian automobile manufacturers have reported their April 2013 sales numbers. Overall, volumes have been above...

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Fortunately, in the case of SAIL, the Cabinet Committee for Investments, headed by prime minister Manmohan Singh, has stipulated that “within a month” MOEF is to issue clearance after obtaining the necessary information from the Jharkhand government, to facilitate commencement of work at the...

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Moneylife Digital Team 02 May 2013
Price acceleration was persistent across the markets, with the highest rise being in Bengaluru, says Liases Foras’ quarterly report on the realty sector The residential realty sector in India is going through a phase of lull, according to Liases Foras’ quarterly report on the sector. In...

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Moneylife Digital Team 29 April 2013
Despite slumping sales and a sluggish cement industry, its net profit was boosted due to lower depreciation   Shree Cements has posted a net profit of Rs274.09 crore for the quarter ended 31 March 2013 as compared to Rs114.28 crore for the quarter ended 31 March 2012. Total Income has...

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Moneylife Digital Team 29 April 2013
With recent declines in oil prices, subsidy concerns have eased for FY14. Bharat Petroleum thinks that the government will keep allowing the monthly diesel price hike, and did not seem much concerned about no diesel price hike this month, said Nomura in its note on the company  

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In order to maintain and support agriculture, it is imperative that gas is made available to this industry, thus reducing its subsidy for urea. However, such a move will correspondingly affect other consumers such as power generators, which will have a rippling effect on industry and trade....

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Moneylife Digital Team 26 April 2013
Nomura Equity Research expects 4QFY13 results of JSW Energy to surprise whereas Adani Power and Lanco Infratech are expected to disappoint Nomura Equities Research, in its Quick Note on power utilities and coal expects 4QFY13 normalized earnings of stocks under its coverage to exhibit a...

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Moneylife Digital Team 26 April 2013
The board of directors of CEBBCO took one whole month to accept Ajay Gupta’s and another director, Akhil Awasthi, resignation. What took it so long? In a new twist to the tale to the Commercial Engineers & Body Builders Co (CEBBCO) saga, the company has released a startling notice to the...

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Moneylife Digital Team 26 April 2013
However, the overall passengers carried by domestic airlines during the first quarter of the calendar year 2013 was 152.12 lakh, a decline of 2.78% from the corresponding period of last year Domestic air passenger traffic increased marginally by 1.59% in March at 51.89 lakh from 51.08...

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Moneylife Digital Team 25 April 2013
Supreme Industries, a leading plastics player in the country, has weathered a difficult economy and reported good numbers while making plans to expand Supreme Industries has reported very good numbers for the March 2013 quarter. The stock was recommended in one of our Kensource...

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Moneylife Digital Team 25 April 2013
The airline had filed its application with the civil aviation ministry on 23rd April. It has plans to launch operations with a few aircraft and proposes to bring in 37 planes in the next five years The newly formed AirAsia India, the Indian arm of Malaysia's low cost carrier AirAsia, has...

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Moneylife Digital Team 25 April 2013
A cost surge is imminent in the Indian IT sector because of  higher US visa fees, increase in visa rejections and declining utilisation due to reducing fungibility vis-à-vis H-1B holders, says Edelweiss The US immigration draft bill to be introduced in the Senate will, without doubt,...

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Moneylife Digital Team 24 April 2013
Nomura Equity Research on the media sector believes that that the initial seeding of STB by cable operators, which has not been backed up by proportionate increase in service infrastructure, will mean that a significant part of these subscribers can still churn away to the DTH industry in the...

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Moneylife Digital Team 24 April 2013
The demerger does not in any way change the prospects of Wipro and shareholders should chose the option to get shares of a known entity that is listed on the stock market Azim Premji-led Wipro has come out with its share sale through offer for sale (OFS) route, following approval from...

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Moneylife Digital Team 24 April 2013
Nomura believes the most damaging provision of the US Immigration Bill for Indian IT remains the restriction on outplacement of H1 B visa holders at client locations, which hurts outsourcing in a big way Nomura Equity Research hosted a conference call on Tuesday, with Ameet Nivsarkar...

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