COMPANIES & SECTORS


Moneylife Digital Team 08 October 2013
A bench comprising Chief Justice P Sathasivam and Ranjan Gogoi said it will not straightaway pass any order and would seek Centre's response on the plea filed by Dr Subramanian Swamy The Supreme Court on Tuesday sought response from the Centre on a petition filed by Dr Subramanian Swamy...

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Moneylife Digital Team 07 October 2013
L&T has secured two engineering, procurement and construction projects, worth Rs1,100 crore in hydrocarbon segment from Abu Dhabi National Oil Company and Dolphin Energy Larsen and Toubro Ltd (L&T), India’s largest engineering and construction company said it won two projects, worth...

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Moneylife Digital Team 07 October 2013
The Finance Ministry has finally appointed Arundhati Bhattacharya as the new chairperson of SBI. As per the norms, the candidate has to have at least two years of service left before retirement which seems to have ruled out the other three MDs of SBI State Bank of India (SBI), the...

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The director general of hydrocarbons-DGH and the government nominee on the Reliance-operated east coast block, after the technical presentation felt that a quick decision can not be made in such a short space of time The steep fall in gas production in KG-D6 has caused a lot of worry and...

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Arun Giri 07 October 2013
Gujarat NRE Coke, a listed company, is telling shareholders that in its consolidated financial statements, 91% of its assets and 64% of its revenues, which are in Australian subsidiaries, are unaudited! Can the auditor wash his hands off? The potentially massive audit failure in Gujarat...

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Moneylife Digital Team 04 October 2013
According to SFIO Mumbai report, it is suspected that a Rs1,700 crore realty deal between Tata group and Unitech in 2007 could have been meant for funding the real estate company's telecom licence issued in January 2008 The Serious Fraud Investigation Office (SFIO) is expected to submit...

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Moneylife Digital Team 04 October 2013
In the IT sector in India, Nomura prefers companies that provide revenue upside possibility with margin comfort and are available at reasonable valuations in the stock market While the IT sector companies in India are performing well, a faltering US economy recovery could affect the...

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Moneylife Digital Team 04 October 2013
Growing household incomes, low penetration across several categories and expanding distribution network combine to make consumer one of the most attractive growth sectors in the medium term, says Nomura Equity Research in its research note It is expected that margins will improve...

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Why should you opt for push-button over mechanical spring-loaded locks? What is the correct type of tyre to choose for your spare wheel? Also, how good is the Mahindra Reva e2o? The lucky rescue of six people near Bengaluru by a minister brings to the fore an issue that Moneylife has...

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Moneylife Digital Team 03 October 2013
September auto sales indicate some stability in passenger car and two-wheeler segments but suggest further deterioration in commercial vehicle segment, especially in MCHV Auto sales during September turned out to be better for passenger vehicles and two-wheelers, while the commercial...

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Moneylife Digital Team 02 October 2013
Indiabulls held annual general meeting-AGM of its six companies back to back by allotting just 15 minutes for each company at same venue on 30 September 2013. These AGMs started at 10am and ended at around 11.30am. This means each company finished its complete proceedings of AGM in 15 minutes...

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Arun Giri 01 October 2013
How did ICAI president Subodh Agrawal, who is also chairman of the audit committee of Gujarat NRE Coke, recommend unaudited financials of the company’s Australian subsidiaries to the Board of Directors, knowing fully well that they are highly material amounts? When I first read an...

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Moneylife Digital Team 01 October 2013
Mauritius-based Khaitan Holdings owns about 27% stake in Loop Telecom, whose 2G licences in 21 circles were cancelled by the Supreme Court Mauritius-based Khaitan Holdings (Mauritius) Ltd (KHML), which holds 26.95% stake in Loop Telecom, has filed international arbitration against the...

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Moneylife Digital Team 01 October 2013
While reducing prices for petrol by Rs3.05 per litre, the government has increased diesel prices by 50 paise and non-subsidised LPG cylinders The ministry of oil and natural gas has reduced price of petrol by Rs3.05 per litre while increasing diesel price by 50 paisa per litre. Price of...

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The Indian government has decided to craft a ‘perfect’ exploration licensing regime which will unify and simplify the policies for oil and gas, coal bed methane and shale.  Such a move is designed to eliminate the ‘cost recovery’ factor that is at the root of troubles and dispute with...

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Moneylife Digital Team 30 September 2013
There may be some positive surprise in dispatches by companies in September 2013 due to early start to Navratri on 5th October compared with last year. However, this does not mean that underlying demand has improved, the research note says    Moneylife Digital Team   With the...

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Moneylife Digital Team 27 September 2013
The company is facing margin pressure due to higher input costs, devaluation of the rupee and increase in some raw material costs Mahindra & Mahindra (M&M), India's largest utility vehicle (UV) manufacturer, said it would increase  prices of its passenger as well as its commercial...

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Shale gas exploration policy is expected to be announced in the next 15 days by the Government in India, much to the annoyance of environmentalists, as in the foreseeable future, we do not have the water resources There is a lurking fear in the minds of gulf oil producers and Prince...

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Moneylife Digital Team 24 September 2013
The USFDA’s presence in India is being increased to 19 from 12 American staff based in-country, including 10 dedicated specifically to medical products The US Food and Drug Administration (USFDA) is increasing its inspections of facilities of drug makers in India, the second largest...

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What defines luxury? Is it the brand value of the car or something else? Check to find out With the launch of the BMW-1 series, the iconic German manufacturer appears to have unveiled, for now, the smallest car they can launch. This does not include the BMW Mini Cooper, which is in a...

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