COMPANIES & SECTORS


MDT/PTI 22 October 2012
Despite having a confirmed ticket to travel to Hyderabad from Delhi, the passenger was not allowed to board the Kingfisher flight, while others in her group were allowed New Delhi: Kingfisher Airlines has been asked by the apex consumer commission to pay Rs30,000 as compensation and to...

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MDT/PTI 22 October 2012
Sam Ghosh, the CEO of RCap said that final regulatory framework is yet to come on this front, but Reliance Capital is certainly fully prepared on its part for the banking foray   Mumbai: Amid indications of the government and the Reserve Bank of India (RBI) gearing up to grant new...

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Air Kerala, a state government promoted venture, is set to become a reality in April next year. It remains to be seen how the Directorate General of Civil Aviation reacts to offer Air Kerala a license to fly first, after which the five-year mandatory rule will have to be overcome to enable it...

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Moneylife Digital Team 20 October 2012
Suspension of flying licence implies an immediate halt to all bookings on the entire Kingfisher network as well as through travel agents, civil aviation ministry officials said Aviation regulator Directorate General of Civil Aviation (DGCA) today suspended the flying licence of...

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Moneylife Digital Team 19 October 2012
The Tata group company's consolidated net profit for September quarter rose 49.2% due to 34.3% growth in revenues Tata Consultancy Services Ltd (TCS), India's largest information technology services company on Friday reported a 49.2% growth in its second quarter net profit on increased...

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MDT/PTI 19 October 2012
FIPB cleared proposals of footwear chain Pavers England, clothing retailer Brooks Brothers and Italian jewellary brand Damiani to invest Rs106 in single brand retail New Delhi: The Indian government on Friday cleared three foreign direct investment (FDI) proposals worth Rs106 crore in...

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Moneylife Digital Team 19 October 2012
One of the long-term investments of Rakesh Jhunjunwala has posted lacklustre results, with its operating profit as well as net profit declining VST Industries, the Hyderabad-based tobacco company, announced rather lukewarm quarterly results for the latest quarter ended September 2012. It...

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Moneylife Digital Team 19 October 2012
Gujarat Mineral Development Corporation reported a 60% jump in net sales and a 107% jump in its operating profits, comfortably beating its own averages   Gujarat Mineral Development Corporation (GMDC) has defied expectations and reported impressive September quarterly results. It...

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Moneylife Digital Team 19 October 2012
The operating gap is likely to turn positive post restructuring, but the key lies in implementation   The estimated the losses for state distribution companies (Discoms), before accounting for government subsidy, in the country is around Rs80,000 crore in FY12, up from around Rs63,500...

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MDT/PTI 19 October 2012
Shriram Vyapar, the online transaction service, specialises in bridging the gap of digital divide and help in choice with convenience and simplicity through neighbourhood agents Chennai: City-based Shriram Group has launched an online service -- Shriram Vyapar -- for transactions...

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MDT/PTI 18 October 2012
Existing operators will be allowed to bid in the auction of 900 MHz band and if they fail to win the spectrum, they will be given 18 months to move to 1800 MHz, which may put an additional burden of over Rs66,000 crore   New Delhi: The Telecom Commission has recommended that existing...

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MDT/PTI 18 October 2012
While SBI Life Insurance and SBI Life Equity Fund bought about 50 lakh shares, Franklin Templeton MF and Templeton MF offloaded 37.86 lakh shares in TV18 Broadcast at an average price of Rs27.5 per share   Mumbai: SBI Life Insurance Company Ltd has bought 30.66 lakh shares of TV18...

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MDT/PTI 17 October 2012
The meeting between Kingfisher management and striking pilots and engineers failed to resolve the issues, including non payment of salaries since past six months Mumbai: Embattled Kingfisher Airlines, which has been grounded since 29th September, on Wednesday said it will have to extend...

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MDT/PTI 17 October 2012
Tata's newly launched SUV Safari Storme, priced between Rs9.95 lakh to Rs13.66 lakh will compete with M&M's Scorpio and XUV 500 and Renault's Duster which was recently launched in the market Gurgaon: Aspiring to wrest the number two slot in Indian passenger vehicle market, Tata Motors on...

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MDT/PTI 17 October 2012
Rexton, M&M's first high-end SUV from the the SsangYong stable is priced at Rs17.67 ex-Mumbai for manual version while automatic version is priced at Rs19.67 lakh Mumbai: Mahindra & Mahindra (M&M), the country's largest utility vehicle maker on Wednesday launched a premium sports utility...

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MDT/PTI 17 October 2012
Irbesartan, the generic version of Sanofi Aventis's Avapro tablets is used in the treatment of hypertension and nephropathy in type II diabetic patients   Mumbai: Pharmaceutical company Lupin Ltd on Wednesday said its subsidiary, Lupin Pharmaceuticals, has received approval for its...

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MDT/PTI 17 October 2012
CLSA and Credit Suisse offloaded their stake in Yes Bank at an average price of Rs378-379 per share Mumbai: Foreign fund houses -- CLSA (Mauritius) and Credit Suisse (Singapore)-- sold shares of Yes Bank  worth Rs429 crore through the open market route, reports PTI.   CLSA...

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MDT/PTI 16 October 2012
Axis Bank's total revenues, including interest income of the lender increased by 27% to Rs8,280.29 crore during the September quarter   New Delhi: Private sector lender Axis Bank recorded 22% increase in its net profit at Rs1,123.54 crore for the second quarter ended September 2012 on...

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Moneylife Digital Team 15 October 2012
Reliance Industries said weakness in global economies and resultant margin environment resulted in its second quarter net profit declining 5.7% even as its revenues increased by 15.4% to Rs93,265 crore   Reliance Industries (RIL), India's largest private sector company, on Monday...

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MDT/PTI 15 October 2012
Branded diesel price saw a 43% jump in price to Rs65.81 while the prices of premium petrol went up by 9% to an average of Rs77.58 a litre in Delhi after the government asked premium fuels to be priced at cost   New Delhi: State-owned oil companies have virtually stopped producing...

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