COMPANIES & SECTORS


Moneylife Digital Team 04 September 2013
As per the agreement, after debate on the coal issue, BJP would allow continuation of discussion on Pension Bill in the Lok Sabha and consideration of Land Acquisition Bill in the Rajya Sabha The stand-off between the United Progressive Alliance (UPA) government and main Opposition...

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Moneylife Digital Team 03 September 2013
While MCX shares have been hitting the upper circuit limit for 10 out of 11 days, Bank of India sold its entire 1.03% stake in the company. What made the Bank so impatient? On Monday, Bank of India sold its 1.03% stake in Multi Commodity Exchange of India Ltd (MCX) for over Rs20 crore in...

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Moneylife Digital Team 03 September 2013
Microsoft has agreed to a 10-year license arrangement to use the Nokia brand on current and subsequently developed products based on the Series 30 and Series 40 operating systems Mobile handset maker Nokia Corp said it signed an agreement with Microsoft to sell all of its devices and...

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The overall coal inventory has now fallen to 57mt, most of which lying near pit-heads and some stored in remote coalfields not accessed by railways. To top this mess, Coal India want to reduce this inventory by 10mt this year In a couple of weeks from now, the Annual General Meeting of...

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Moneylife Digital Team 31 August 2013
Petrol price hiked by Rs2.35 per litre and diesel by 50 paisa, excluding state levies, effective midnight today   The government on Saturday raised the price of petrol by Rs2.35 per litre and diesel by 50 paisa a litre, excluding state levies.   The increase in rates, which...

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Moneylife Digital Team 29 August 2013
It is unlikely that the entire benefit from rupee depreciation will flow to margins in the IT services industry, since market share shifts remain the big growth driver says Nomura HCL Technologies and Tech Mahindra have until now shown rupee depreciation benefits in margins. Since they...

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Moneylife Digital Team 29 August 2013
Given the benefits of a weaker rupee and robust US pipeline, Lupin will not see any adverse effect on its earnings during FY14, says Nomura Slowdown in India during the FY14F, is unlikely to have a material impact on earnings of Lupin given the benefits of the weaker rupee and robust US...

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Moneylife Digital Team 29 August 2013
According to Nomura, TCS expects the bulk of rupee depreciation benefits to flow through to margins in second quarter of FY14F, given that depreciation has been too sharp too soon Tata Consultancy Services (TCS), India’s largest software company sees revenue growth during FY14 on better...

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A little investigation reveals that a lot more actually needs to be done for UMPPs, mainly about clearances from the environment ministry that are pending since ages. Why can't the MoEF come out with a list of pending cases, and explain? The cabinet committee on investments (CCI) has...

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Moneylife Digital Team 27 August 2013
The ratings agency would sell its 49% stake in its joint venture with NSE to an unit of the Exchange for Rs100 crore Ratings agency, CRISIL Ltd on Tuesday said that it will sell 49% of its stake in India Index Services & Products Ltd (IISL) to NSE Strategic Investment Corp for Rs100...

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Moneylife Digital Team 27 August 2013
The R-ADA group company would invest Rs100 in its joint venture with Chinese Ming Yang to co-develop a large portfolio of clean energy projects in India Reliance-Anil Dhirubhai Ambani group (R-ADAG) said its unit Reliance Capital will invest Rs100 crore in its wind energy joint venture...

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Moneylife Digital Team 26 August 2013
After streamlining across its TV channels, the TV18 group is reportedly shutting some of its web properties and drastically reducing staff strength Web18 Software Services Ltd, or Web18, the Internet and mobile arm of Network18, has reportedly decided to close several of its web...

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Moneylife Digital Team 23 August 2013
The company is well known for being the first to generate & sell Solar REC made at its 2 MW solar power plant, commissioned in March 2012 at Rajgarh (Madhya Pradesh) M & B Switchgears Limited announced that effective 19 August 2013, the company's changes its name to Ujaas Energy Limited....

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Moneylife Digital Team 23 August 2013
Two independent directors resign from the board of Financial Technologies at a time when the company as well as the investors need them the most. Are independent directors not responsible to the company and its shareholders? The latest from Financial Technologies-two independent...

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Moneylife Digital Team 22 August 2013
According to the deputy governor of RBI, poor appraisal standards of PSBs have led to increased NPAs, something that Moneylife pointed out over a year back. He also said that lack of quality projects and poor implementation of the PPP model was hurting the infrastructure sector Public...

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IRDA has imposed hefty penalty on Bajaj Allianz Life for numerous violations related to early death claims rejection, generous payments to corporate agents, violations of group insurance guidelines and making referral arrangements with master policy holders Insurance Regulatory and...

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Moneylife Digital Team 22 August 2013
According to Credit Suisse research, while many of the mid-sized Indian IT companies have attractive financials, these stocks trade at significant discounts to their larger peers There are signs of improving demand in information technology (IT) sector, which can benefit all companies....

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Dr SD Israni 22 August 2013
There was a time when it was believed that foreign airlines provided better service. Now, it seems that while domestic airlines are providing good service, foreign carriers are falling behind There was a time in the past when air travel was availed only by a small section of the society...

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What should consumers keep in mind when CNG is no longer cheap? And what must they do with older vehicles? Should they go for the Hyundai i10? Afew luxury brands will be releasing smaller cars in India, the BMW-1 series for example. Sold as smaller family cars in Europe, smaller luxury...

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Bajaj Allianz Life sold ULIP to a consumer without obtaining his signature on the sales illustration, as mandated by IRDA. Moneylife intervention helped to solve a difficult case that even insurance ombudsman had refused to take up. Bajaj Allianz generously agreed to a settlement of Rs30,000

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