COMPANIES & SECTORS


MDT/PTI 11 October 2012
Suzlon's FCCBs worth $221 million or Rs1,172 crore are maturing today. The wind turbine maker has a net debt of Rs11,165 crore at the end of March 2012   New Delhi: Wind turbine maker Suzlon Energy on Thursday said bondholders have rejected its proposal seeking four-month extension to...

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MDT/PTI 11 October 2012
Unitech has 'agreed to dispose of its shareholding in Uninor for a nominal amount' and its nominees will withdraw from the Uninor Board with immediate effect New Delhi: Realty company Unitech on Thursday said it would exit from telecom joint venture with Norway's Telenor by disposing of...

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MDT/PTI 10 October 2012
Toyota is recalling its Altis and Camry variants sold in 2006 and 2008 to check and rectify faulty power window switches, free of cost New Delhi: Japanese auto giant Toyota on Wednesday said it will recall 8,700 units of its premium sedan Corolla Altis and Camry in India to rectify...

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MDT/PTI 10 October 2012
According to SIAM data, domestic car sales in September decreased by 5.36%, while motorcycle sales tumbled 18.9%, the sharpest decline in three years and nine months New Delhi: Vehicle sales in India registered steepest monthly fall in nearly four years at 9.43% in September with the...

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Moneylife Digital Team 10 October 2012
Telecom players are in a situation where neither can they shut operations easily nor they can survive due to uncertain regulatory environment. This is more like the famous dialogue of Ajit from a Bollywood film, “Dump this man in liquid oxygen. The liquid won’t let him survive, the oxygen...

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MDT/PTI 10 October 2012
  GVK received approval for the second stage of its Alpha Coal project subject to 60 strict conditions to protect matters of environmental significance, including the Great Barrier Reef World Heritage Area and the marine area in Australia   Melbourne/Hyderabad: Australian...

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MDT/PTI 10 October 2012
Partly allowing the plea of Loop Telecom, which has closed down operation after a Supreme Court order, the TDSAT said that its licence was valid till January 2013, hence only half of the FBG would be returned   New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT)...

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MDT/PTI 10 October 2012
SEBI said Jain dealt in 15,080 shares of the company on behalf of Polaris Holding on the basis of 'unpublished price sensitive information' held by him and made unfair gains of Rs27.26 lakh   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has barred Polaris...

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MDT/PTI 09 October 2012
Official figures have shown that in July-September, the air traffic in India has shrunk by 9-11% on a month-over-month basis New Delhi: Civil Aviation Minister Ajit Singh on Tuesday expressed concern over shrinkage in air passenger traffic numbers in the last three months but hoped that...

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MDT/PTI 09 October 2012
During September companies like Bharti Airtel, JK Cement, Dr Reddy's invested overseas, however the total Indian investment abroad fell 30% to $1.36 billion Mumbai: Overseas direct investment by Indian companies fell by 30% to $1.36 billion in September over the previous month, the...

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MDT/PTI 09 October 2012
According to the RBI deputy governor, debt-laden Kingfisher Airlines, which owes 17 banks about Rs7,000 crore, does not pose any systemic risk to the banking system Mumbai: The debt-laden Kingfisher Airlines, which owes 17 banks about Rs7,000 crore, does not pose any systemic risk,...

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Moneylife Digital Team 08 October 2012
Only if the states and Discoms “walk the talk” with the mandatory conditions outlined in the financial restructuring scheme, would the chronic “payment security” risk for power sector in India be addressed   The proposed financial restructuring scheme announced by the government for...

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MDT/PTI 08 October 2012
The EGoM, in its previously meeting could not take a decision on levy of the one-time charge in absence of a legal opinion from the Attorney General on the proposal to levy one-time fee on existing telecom operators New Delhi: A high-powered ministerial panel headed by Finance Minister P...

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Moneylife Digital Team 06 October 2012
LPG price for subsidized cylinder is increased by Rs11.42 per cylinder, while for non-subsidized LPG cylinder, the hike is Rs38 per cylinder   Following a decision to raise commission paid to dealers, the government on Saturday hiked cooking gas (LPG) prices by Rs11.42 per cylinder....

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MDT/PTI 05 October 2012
DGCA is looking into legal issues and intends to issue a show-cause notice on suspension or cancellation of license says Ajit Singh   New Delhi/Mumbai: Spelling fresh trouble for the debt-ridden Kingfisher Airlines, aviation regulator Directorate General of Civil Aviation (DGCA) is...

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MDT/PTI 05 October 2012
Interestingly, Sahara filed the review petition a week after promising to the apex court that its two companies would refund the money within stipulated time frame New Delhi: The Sahara group on Friday moved the Supreme Court seeking review of the verdict ordering it to refund Rs24,000...

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MDT/PTI 05 October 2012
Taking note of the Shah Commission report, the apex court also restrained mining companies in Goa from exporting and selling ores which has already been extracted   New Delhi: Mining operations in all the 90 mines in Goa were on Friday ordered to be halted by the Supreme Court on the...

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MDT/PTI 05 October 2012
During an hour-long hearing, the SC bench said opening the retail sector to FDI is a policy matter and 'policy is exclusively in the domain of the government of the day'   New Delhi: The Supreme Court on Friday sought the assistance of top law officers, that of the Attorney General or...

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The Mallyas, both father and son, who had brazened all criticism about their failing airline and lavish lifestyle have finally become invisible on social media as the problems mount    Emperor Nero fiddled as Rome burnt in 64 AD; much the same was said on social media about our own,...

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Moneylife Digital Team 05 October 2012
As the promoters’ holding in Adani Power currently stands at 76.63% of which Adani Agro holds 3.13%, the proposed stake sale would bring promoters’ holding to 75%—in compliance with the SEBI requirement on minimum 25% free float for listed entities   Adani Power (APL) has intimated...

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