COMPANIES & SECTORS


It may be presumed that Reliance will have to continue its supplies of gas, "on account basis", because, so far, no clear announcement has been made as to what would happen to pricing of natural gas It took several months of negotiation. From a high production, the fall in gas supplies...

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Moneylife Digital Team 31 March 2014
Mahindra group has merged its subsidiary, Mahindra Truck and Buses Ltd with its M&M Ltd for achieving greater synergy business Mahindra & Mahindra Ltd (M&M), one of the largest tractor manufacturers in the world, has informed in a regulatory filing that it has completed the merger of...

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The new government may take months before the roadblocks to resume full-scale production We had recently covered various issues relating to the coal production in the country and the enormous difficulties that the exclusive monopolistic producer, Coal India, faces in its day to day...

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Last year, SEBI stopped the SMS menace of SMS Techsoft when it found the company promoters and directors using this to offload their shares. This week, there is a surge in volume in Patidar Buildcon shares after ‘intra-day tip’ SMSes. Is SEBI aware about this? As the stock markets are...

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Piped gas from Myanmar is far more realistic and practical than expecting the Iranian gas to travel through Pakistan to reach India Although the question of upward revision of gas prices has been going on for more than a year, and is in line with the contractual obligation, and duly...

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Moneylife Digital Team 26 March 2014
Being an election year, domestic revenues for Tata Consultancy Services are expected to decline in March quarter, thus impacting its overall growth, says SBI Cap Securities Demand environment for Tata Consultancy Services (TCS) would remain as there is an improvement in discretionary...

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Moneylife Digital Team 25 March 2014
Tata Power is raising about Rs2,000 crore through a rights issue for paying its debts and capital expenditure. The issue is priced at Rs60 per share, including a premium of Rs59 a piece Tata Power Co Ltd said it would raise about Rs2,000 crore through a rights issue for paying its debts...

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Moneylife Digital Team 24 March 2014
According to Nomura, while Infosys and TCS would show soft growth, other companies like HCL Technologies, Wipro and Tech Mahindra would show stronger growth during the March quarter Tata Consultancy Services (TCS) and Infosys, the country’s too two IT companies, are likely to report soft...

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Moneylife Digital Team 21 March 2014
Tulip Telecom’s chairman and managing director HS Bedi was arrested for allegedly evading service tax of Rs32.16 crore HS Bedi, chairman and managing director (CMD) of Tulip Telecom Ltd is arrested for allegedly evading service tax of Rs32.16 crore. A case has been registered against...

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Moneylife Digital Team 19 March 2014
Unless there is much volatility in the rupee, margins can be maintained within its guided range of 26%-28% for Tata Consultancy Services, according to Nomura in its research note Tata Consultancy Services (TCS) was the biggest loser today, falling 3.84% to close at Rs2,040.95. TCS said...

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Moneylife Digital Team 19 March 2014
With more steel capacity coming on stream, the iron ore shortage will only increase. CARE Ratings suggest a control on iron ore exports With the curb on illegal mining in two major iron ore producing states (Karnataka and Goa accounting for more than 35% share of the domestic...

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Moneylife Digital Team 19 March 2014
If you look beyond CY14F, Mahindra and Mahindra looks attractive, forecasts Nomura Mahindra and Mahindra expects 8%-10% volume growth for both UVs (utility vehicles) and tractors in FY15. For autos, while the new launch cycle will begin in 2015, some major refreshes are planned in 2014....

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Can Coal India be restructured into smaller independent units, in order to ensure serious competition and to ensure production and development of coal resources in the country? According to statistical data available, Coal India is heading towards a fall in production during this fiscal,...

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Moneylife Digital Team 18 March 2014
Dhoni had filed a defamation suit claiming Rs100 crore damages from the Zee Media for allegedly telecasting 'malicious' news that he was involved in betting, spot and match fixing of IPL matches The Madras High Court on Tuesday restrained TV channels like Zee News and News Nation from...

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Moneylife Digital Team 18 March 2014
AstraZeneca Pharma India board approves delisting offer from its Sweden based promoters AstraZeneca Pharmaceuticals. However, it is yet to obtain approval of its shareholders AstraZeneca Pharma India Ltd (AZ India) said its board approved delisting proposal received from its parent...

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Moneylife Digital Team 18 March 2014
MSIL’s net profit and free cashflow generation will get a boost due to lower capex requirements, points out Nomura in a research note The entire capex of the Gujarat expansion plan (1.5mn unit capacity) would be funded by depreciation and equity brought in by Suzuki Motor Corporation –...

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Moneylife Digital Team 15 March 2014
Maruti Suzuki has now decided that the cost of capex would be funded by the Gujarat plant’s depreciation and only by further equity infusion by Suzuki itself and it would seek approval from minority shareholders for the deal   After a hue and cry from several investors, including...

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Why Indian carriers are indulging in price wars, instead of considering the options of reductions in flight or even cancelling those that are loss making sectors? Once again, domestic airlines in India have gone into a price war on offering economic and attractive prices to air...

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Moneylife Digital Team 13 March 2014
Despite some near term hiccups, overall trend is positive thanks to improving macro environment in the US For Indian IT companies prospects for a better FY15F is intact as overall macro trends are positive, despite some near term hiccups. Macro indicators in US suggest a possible...

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Moneylife Digital Team 13 March 2014
The tariff orders to compensate for rise in the price of Indonesian coal provide relief to Tata Power and Mundra Power CERC (Central Electricity Regulatory Commission) has notified the long awaited Compensatory Tariff orders on imported coal based Tata Power and Adani Mundra Power...

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