COMPANIES & SECTORS


Moneylife Digital Team 02 June 2014
Following RBI directive last year, Italian CRIF has taken over cash-strapped High Mark Credit Information Services for an undisclosed sum As pointed out by Moneylife in November 2013,  Italy-based CRIF SpA has acquired majority stake in cash-strapped High Mark Credit Information Services...

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Moneylife Digital Team 02 June 2014
Indian Express' editor-in-chief Shekhar Gupta has resigned from the newspaper Shekhar Gupta, the editor-in-chief of the India Express, on Monday resigned from his post after spending almost 25 years with the newspaper.   In a letter to his colleagues, Gupta said, "It is time for...

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Moneylife Digital Team 02 June 2014
NDTV did not disclose Rs450 crore tax notice to exchanges and argued that the matter was “sub-judice” and that it has received a stay. Was this the reason for the resignation of its compliance officer? Prannoy Roy-led New Delhi Television Ltd (NDTV), which did not disclose the Rs450...

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Moneylife Digital Team 30 May 2014
Total amount of bad loans or NPAs of J&K Bank could be five times more of what the lender has shown, says the newspaper Greater Kashmir. The stock hit lower circuit    Jammu & Kashmir Bank (J&K Bank) shares tumbled 20% on Friday following reports of the lender's alleged concealment of...

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Moneylife Digital Team 30 May 2014
NDTV has argued that the matter was “sub-judice” and that it has received a stay. Other listed companies, including Infosys, however, time and again have disclosed such information to the bourses   Prannoy Roy-led New Delhi Television Ltd (NDTV), was served a Rs450 crore demand notice...

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Moneylife Digital Team 29 May 2014
RIL's Independent Media Trust would use the Rs4,000 crore funding for  acquisition  of  control in Network18 group   Reliance Industries Ltd said its board approved funding of up to Rs4,000 crore to Independent Media Trust (IMT), of which the company is the sole beneficiary, for...

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Moneylife Digital Team 29 May 2014
Anupama Yellajoshyula, a US citizen holds a hefty 25% stake in the scam-ridden Prithvi Information Solution. Is she holding this stake on behalf of the promoters whose stake is down to just 6.42%?   Prithvi Information Solutions is a beleaguered Andhra Pradesh IT company that had once...

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Moneylife Digital Team 29 May 2014
The SC Bench said in the production-sharing contract-PSC for Panna, Mukta and Tapti oil and gas fields, Reliance Industries and the Ministry  had 'consciously agreed' for arbitration in London in case of any dispute   The Supreme Court has allowed plea of Reliance Industries Ltd (RIL)...

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Moneylife Digital Team 28 May 2014
BG Srinivas, the highest paid executive, resigned from Infosys, making it the 10th high-profile exit from the company since the return of NR Narayana Murthy   The exodus of high-profile executives from Infosys continues. In a surprise move, BG Srinivas, president and member of the...

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The mammoth task of restructuring Coal India has to be done on a war footing, starting with making its subsidiaries totally independent profit centres   The new government takes over official control after the swearing in ceremony on 26th May, when the portfolios will be announced and...

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Moneylife Digital Team 21 May 2014
Sun Pharmaceutical, Ranbaxy Laboratories and Daiichi Sankyo approached the Supreme Court seeking its direction to vacate interim order of the Andhra Pradesh High Court, which had stayed the merger   The Supreme Court on Wednesday asked the Andhra Pradesh High Court, which had passed...

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Moneylife Digital Team 19 May 2014
MasterCard, which held 12.5% stake in ECS, a unit of Opus Software Solutions, decided to take over the company for an undisclosed sum   MasterCard Worldwide said it acquired ElectraCard Services Pvt Ltd (ECS), a payment services provider from Opus Software Solutions. No financial...

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Moneylife Digital Team 15 May 2014
For the full year, Asian Paints reported higher net profit at Rs1,169 crore due to robust sales growth. Its shares hits a new 52-week high on Thursday only to fall 5% later Asian Paints Ltd, India's largest paint manufacturer, posted a higher full year net profit mainly on robust sales....

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Moneylife Digital Team 15 May 2014
ONGC has alleged that at least three wells drilled by RIL on the boundary of KG-D6 block in Bay of Bengal are within few hundred metres of its gas fields The Delhi High Court on Thursday issued notices to the union government, Directorate General of Hydrocarbon (DGH) and Reliance...

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Moneylife Digital Team 15 May 2014
Strong IT headcount addition (6% quarter-on-quarter) in Tech Mahindra to sustain growth in revenues and new opportunities, points out Nomura in its research note Mahindra & Mahindra (M&M) group company Tech Mahindra would find its stock performance driven by revenue growth and...

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Moneylife Digital Team 15 May 2014
Continued sustenance of strong realisations in the domestic business and improving demand outlook for international business shall provide further positive triggers for Tata Steel, says Nomura Tata Steel reported improvement in its March quarter results that was led by its domestic...

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Moneylife Digital Team 15 May 2014
For the March quarter, the Bajaj group financial unit reported a net profit of Rs182 crore, as its net interest income grew 25%   Bajaj Finance Ltd reported a higher fourth quarter net profit mainly on robust revenues, including interest income.    For the quarter to end-March,...

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Moneylife Digital Team 14 May 2014
Geodesic recently held its annual general meeting. Shockingly, the shareholders found a dozen bouncers at the AGM Geodesic Ltd, the internet software and service provider, which has run up more than Rs1,200 crore of liabilities, defaulted in repaying its foreign currency convertible bond...

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Moneylife Digital Team 14 May 2014
For FY14, La Opala reported a higher net profit at Rs29.95 crore on robust sales and lower raw material costs. Its shares hits a 52-week high  La Opala RG Ltd (La Opala), the Kolkata-based opal glass tableware manufacturer, hit a new 52-week high on Wednesday following a jump in the...

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Moneylife Digital Team 14 May 2014
For the March quarter, Nestle India reported lower net profit of Rs259 crore due to higher costs, lower demand and exports Nestle India Ltd (Nestle) reported a lower first quarter net profit mainly on higher raw material costs, subdued demand and lower exports. For the quarter to...

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