COMPANIES & SECTORS


Moneylife Digital Team 01 July 2013
“We have an open mind. We are disinvesting in Neyveli only for one reason, mainly to comply with the SEBI regulations. If there is another way to comply with SEBI regulation why should I shut my mind to that? Finance minister P Chidambaram said The Centre will consider the Tamil Nadu...

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Moneylife Digital Team 01 July 2013
The move is a part of the Indian two-wheeler major’s strategy to enhance technological prowess, post the break up of the erstwhile joint venture with Honda—Hero Honda India’s largest two-wheeler maker Hero MotoCorp today said it has picked up 49.2% stake in US-based Erik Buell Racing...

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Moneylife Digital Team 01 July 2013
A two-member SC bench rejected the pleas of the telecom companies that they be tried in a magisterial court unlike other accused in 2G cases as they have not been charged under Prevention of Corruption Act The Supreme Court on Monday dismissed the pleas of Essar Teleholdings and Loop...

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Moneylife Digital Team 01 July 2013
During the month of June, the total new orders fell for the first time since March 2009. Export business, however, rose at the sharpest rate since January as demand from key foreign clients strengthened India’s manufacturing sector activity remained broadly flat in June as new orders...

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The new price of gas at $8.40 will be applicable to all types of gas, shale, coal bed methane or conventional. Coal methane gas is more likely to be tapped as compared to shale because the latter requires enormous amounts of water in the separation process The Cabinet Committee on...

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While the overall passenger vehicle market remained stagnant, UVs and SUVs priced below Rs15 lakh recorded 54% growth in FY13. With very attractive pricing and features, Ford's Ecosport will challenge M&M's Quanto, Maruti Suzuki's Ertiga and Renault's Duster—at least initially With a...

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Moneylife Digital Team 28 June 2013
Bajaj Auto expects the Indian automotive industry to go through turbulent times in the coming year while Nomura’s outlook on the company is ‘neutral’ and believes that the stock is worth Rs1,966 Bajaj Auto, even though fundamentally strong, expects the two-wheeler industry to remain...

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Moneylife Digital Team 28 June 2013
The Cabinet Committee for Economic Affairs on Thursday approved the proposal to hike the natural gas price to $8.4mmBtu from the current $4.2 per mmBtu with effect from April 2014   Biting the bullet, the government on Thursday approved near doubling of natural gas prices to $8.4 per...

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Moneylife Digital Team 27 June 2013
The NCDRC passed the order while pulling up Sahara for not updating its accounts regarding the repayment of a loan availed by one of its investors against the investment he had made in the scheme The National consumer redressal commission has penalised Sahara India with a fine of...

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Moneylife Digital Team 27 June 2013
Pranay Vakil and Parimal Shroff, two of the best-known experts on real estate, discussed the Real Estate (Regulation and Development) Bill 2013 (the Bill), recently cleared by the Union Cabinet, and how it would affect home-buyers and the industry The Bill aims to protect the interest...

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Moneylife Digital Team 27 June 2013
The project awarded by mFarmer Initiative, a partnership between the GSMA, Bill & Melinda Gates Foundation and USAID aims to provide small farmers with high quality, relevant and timely information and advice delivered via mobile Mobile Value Added Service (mVAS) provider Handygo...

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Moneylife Digital Team 27 June 2013
DE Shaw, which has also set up a financial sector joint venture with Reliance Industries in India, had filed this application with SEBI in July 2007 through DE Shaw Composite Investments (Mauritius) II Global private equity and investment management major DE Shaw’s application to set up...

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Real estate business attracts lots of unaccounted money, which may also be laundered money. If somebody purchases multiple properties through one developer or broker, there should be compulsory reporting to the Financial Intelligence Unit The Government of India has come out with a bill,...

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Dr SD Israni 27 June 2013
One-sided agreements are only the beginning of the misery for  consumers in a real estate transaction Ahapless consumer will clutch at every straw in the wind just as he is likely to believe that there is light at the end of a tunnel. This is particularly true of buyers of real estate

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Charles Ornstein, Tracy Weber  and   Jennifer LaFleur (ProPublica) 27 June 2013
Pay-to-prescribe is illegal, but doctors say they haven't been influenced by the money they get for promoting drugs they also prescribe to large numbers of their patients This story was co-published with NPR.   When the blood pressure drug Bystolic hit the market in 2008, it faced...

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Moneylife Digital Team 26 June 2013
While there is no damage to the power house, the barrage has been suspended and would take around 3-4 months to resume full operations, JP Ventures said Jaiprakash Power Ventures, a subsidiary of Jaiprakash Associates, has informed the exchanges that its 400 MW Vishnuprayag Hydro Power...

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Moneylife Digital Team 26 June 2013
Reliance Capital said that both Sumitomo and Nippon would have 4%-5% stake each in the proposed bank, subject to regulatory approvals Readying itself for a bank licence, Anil Ambani-led group's Reliance Capital today said Japan’s Sumitomo Mitsui Bank and Nippon Life would become its...

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While Yash Birla is being portrayed as mourning over the loss of his private retreat near Kedarnath, there are thousands of small investors including senior citizens, doing the same for investing in his group companies in either stocks or FDs. After all, what can you expect from a head honcho...

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Moneylife Digital Team 26 June 2013
The union's demands include 25% wage hike, permanent employment for contractual workers, reinstatement of some suspended employees and bringing back to the Chakan plant those transferred outside Production at Bajaj Auto's Chakan plant near Pune remained crippled today as the agitation by...

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Moneylife Digital Team 25 June 2013
Earlier this month, SEBI had asked more than 100 firms including Fresenius Kabi to submit their replies related to non-compliance with the mandatory requirement of 25% public shareholding   The Securities Appellate Tribunal (SAT) has directed Fresenius Kabi Oncology to make a fresh...

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