COMPANIES & SECTORS


Moneylife Digital Team 29 July 2013
Seasonal slack in demand and higher expenses affected Madras Cement’s top and bottomline during the June quarter. It was also found out that FIIs have been taking an interest in the company by hiking their stake Madras Cements Ltd has posted a net profit of Rs68.85 crore for the June...

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Moneylife Digital Team 29 July 2013
The proposed changes in the revised agreement are merely cosmetic in nature, especially when areas of ‘co-operation’ between Jet –Etihad gives far reaching powers to Etihad to control the policy decisions of the Indian carrier, disproportionate to what may be granted for a minority investor...

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Moneylife Digital Team 26 July 2013
Despite the macroeconomic headwinds, the company is optimistic about the future and has forecasted positive developments for its IT services business. The quarterly results were positive too, aided by a weaker rupee Azim Premji-led Wipro Ltd on Friday reported an 11% increase in its...

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Moneylife Digital Team 26 July 2013
As per the modified agreement, major decisions, including appointment of independent directors, chairman and vice-chairman will now be taken on the basis of majority of votes by the board of Jet Airways   Abu Dhabi-based Etihad Airlines has reportedly agreed to reduce the number of...

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Moneylife Digital Team 26 July 2013
Dish TV is still in the red due to intensive competition, weak rupee and higher ad spend. However, its average revenue per user –ARPU has seen improvement Dish TV’s net loss, for the first quarter of the 2013-14 fiscal, was narrowed down to Rs30.4 crore compared to Rs32.3 crore in the...

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Moneylife Digital Team 26 July 2013
Higher spot LNG volume, increase in production and sale of petrochemicals help GAIL India achieve higher revenues. However, profit suffered due to higher raw material prices, depreciation and salaries GAIL (India) Ltd reported a 28.7% lower first quarter net profit to Rs808 crore as...

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Moneylife Digital Team 26 July 2013
The fast moving consumer goods company reported a fall in net profit due underlying volume growh of 4% in the domestic market. According to Harish Manwani, chairman, there are near term concerns for HUL particularly around slowing market growth Hindustan Unilever, one of India's leading...

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Moneylife Digital Team 26 July 2013
PNB shares fell sharply due to a spike in its gross NPAs during the June quarter, raising concerns about its asset quality. According to a brokerage, half of the Bank's NPAs are from gems and jewellery sector Punjab National Bank (PNB) shares hit its four-year low to Rs584.4 on Friday...

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Moneylife Digital Team 26 July 2013
The financial arm of the M&M group of companies reported strong results, aided by higher disbursement, despite economic headwinds and a slowdown in the automotive industry Mahindra & Mahindra Financial Services Ltd (MMFSL) reported a 19% higher net profit at Rs191 crore during the June...

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Moneylife Digital Team 26 July 2013
The footwear company is aggressively expanding its retail footprint and has reported good numbers for the quarter ended 30 June 2013 Bata India Ltd, India’s leading footwear retailer and manufacturer, saw its June quarter net profit grow 17.6% to Rs61.94 crore driven by robust sales...

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Moneylife Digital Team 25 July 2013
Despite a 10% decline in vehicle sales, Maruti Suzuki reported 49% higher net profit in June quarter on lower raw material cost and favourable yen Maruti Suzuki India Ltd, the country's largest carmaker on Thursday reported a 49% growth in its first quarter net profit mainly on better...

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Moneylife Digital Team 25 July 2013
Holcim, through its complex rejig deal, has restricted minority shareholders' choice by using Ambuja Cement’s cash for transferring stake in ACC The multi-layered deal announced by Swiss cement maker Holcim to rejig its Indian operations by way of merger and acquisition between ACC,...

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In probably the first such action in India, NDTV, through its law firm Amarchand Mangaldas has sent a legal notice to Sanjay Dutt, who holds a 1% stake in the broadcasting company for raising questions about its corporate policies and practices In June, Moneylife wrote how Sanjay Dutt,...

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Moneylife Digital Team 24 July 2013
Macroeconomic headwinds, longer execution cycle and poor margins are big hurdles that L&T needs to clear their huge order book backlog, which is a daunting task, according to the brokerage Larsen & Toubro is going through a difficult phase, with margins and execution both weakening...

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Moneylife Digital Team 24 July 2013
On back of strong growth across categories, Dabur, the fast moving consumer good company posted good numbers in June quarter despite high inflation and reduced discretionary spending   Dabur, which is part of Moneylife’s Stockletter pick, has posted a net profit of Rs130.89 crore for...

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Moneylife Digital Team 24 July 2013
Despite reporting 38% higher net profit in first quarter on robust revenues as well as lower bad debts; Yes Bank failed to cheer market as its share fell by over 12% to Rs383.3 Yes Bank saw its first quarter net profit grew 38% to Rs400.84 crore as against the Rs290.14 crore, same period...

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Moneylife Digital Team 24 July 2013
Liquidity tightening measures by the central bank will affect banks’ ability to use the repo window. These measures aimed at curbing forex speculation against the Indian rupee are unlikely to have a large negative effect on banks, says Nomura Nomura Equity said it believes that the...

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Moneylife Digital Team 24 July 2013
The apex court while directing two companies of Sahara group to inform about the date to refund investors' money also issued contempt notice on a petition filed by SEBI against the Subrato Roy-led companies The Supreme Court on Wednesday issued a fresh contempt notice to Sahara India...

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Moneylife Digital Team 24 July 2013
The inescapable inference from the facts is that the election of shareholder directors in all public sector banks is a farce or just a backroom manoeuvre to get persons of its choice on board. It is time for the government, RBI and SEBI to frame rules for election of shareholder directors

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Moneylife Digital Team 23 July 2013
The flagship company of the Shriram group has reported benign first quarter results, with profit just rising by 5.96% due to challenging automotive market and a sluggish trucking market   Net interest income of Shriram Transport Finance Company, for the quarter ended 30th June...

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