COMPANIES & SECTORS


Moneylife Digital Team 27 May 2013
As per the norms, life and general insurance companies with a minimum net worth of Rs500 crore and Rs250 crore, respectively, can apply for setting up of foreign business The Insurance Regulatory and Development Authority (IRDA) has allowed insurers with sound financial health and a...

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Moneylife Digital Team 27 May 2013
Justifying the decision to treble LIC’s investment limit, Financial Services secretary Rajiv Takru said the insurance major was sitting on trillions of rupees which have to be invested The government will soon notify the increased equity exposure limit for Life Insurance Corporation of...

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Moneylife Digital Team 25 May 2013
Though RIL-BP did not put any reserves to the discovery, the find may possibly be the largest single discovery in the country. The discovery, which was notified to the regulatory authorities yesterday afternoon, has been named D-55 Reliance Industries (RIL) and its partner BP Plc of the...

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Moneylife Digital Team 24 May 2013
Pressure on NPAs, especially for public sector banks will continue as more loans turn into non-performing assets due to the overall slowdown in the Indian and global economy, says a study by NPAsource   Net non-performing assets (NPAs) or bad loans of 39 listed banks increased by a...

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Moneylife Digital Team 24 May 2013
According to Nomura, the US immigration bill, if passed, would place the Indian IT business model at competitive disadvantage compared with MNCs and depress margins irrevocably   The overriding factor in the information technology (IT) sector currently remains the overhang due to the...

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Moneylife Digital Team 24 May 2013
Price hikes of CNG and domestic PNG enabled blended EBITDA margins to remain resilient for Indraprastha Gas, says Nomura Equity Research in its Quick Note. A favourable Supreme Court decision on the PNGRB’s appeal against the Delhi High Court order is a must for restoring investor confidence...

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Moneylife Digital Team 24 May 2013
Dish TV now is clearly focusing on profitability and cash flow over immediate market share, says Nomura Equity Research in its Quick Note   Dish TV’s standalone results were ahead of expectations but missed consensus expectations at the operating level, said Nomura Equity Research in...

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Moneylife Digital Team 24 May 2013
For the financial year ended 31 March 2013, the steel giant reported a consolidated net loss of Rs7,057.62 crore as against a net profit of Rs5,389.77 crore, largely due to the $1.6 billion impairment   Tata Steel reported a consolidated net loss of Rs6,528.51 crore for the quarter...

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Moneylife Digital Team 23 May 2013
Upholding judgements of the district and state forums, the National Consumer Commission directed Shriram Finance Co and Citicorp Finance to pay a punitive cost of Rs25,000 for inordinate delay in filing their appeal   The National Consumer Disputes Redressal Commission (NCDRC) while...

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Moneylife Digital Team 23 May 2013
Change in product mix and lower capacity absorption at one of its plants meant lower operating and net profit for PI Industries. Despite this, Edelweiss has rated the company as a Buy and values the company at Rs160 per share   PI Industries saw its net revenue for the quarter ended...

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Moneylife Digital Team 23 May 2013
Redington management’s guidance implies significant growth in around 35%-40% range in H2FY12F for the India business, says Nomura Equity Research in its Quick Note   According to Nomura Equity Research in its Quick Note, Redington India’s Q2 results were broadly in line with estimates...

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Moneylife Digital Team 23 May 2013
At net profitability level, L&T was able to make up some of its lost ground due to higher other income and lower tax rate, according to Nomura Equity Research in its Quick Note   In its Quick Note on Larsen & Toubro’s (L&T) fourth quarter performance, Nomura Equity Research said that...

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Moneylife Digital Team 23 May 2013
Decades of under-investment, followed by a march towards building sufficient power for the nation, have created significant opportunities, although structural constraints and rising competition suggest the need to be selective   The share prices of Voltamp and Bharat Bijlee...

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By 2017, the demand for coal will reach a staggering 980 million tonnes whereas the supplies are expected to touch not more than 795 MT. There is, therefore, the urgent need to handle the issue in a war footing rather than admitting that there are delays due to factors of our own making—such...

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Moneylife Digital Team 22 May 2013
After conducting a hearing, the west Tripura district consumer disputes redressal forum last week ordered Cadbury India to pay a compensation of Rs30, 000 to the complainant within a month A consumer court in Tripura has ordered chocolate and confectionary major Cadbury India to pay a...

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Moneylife Digital Team 22 May 2013
With the new service, in-house Real Estate Specialists will work closely with clients in order to establish their goals and understand their risk appetites. They will then work with the client to guide them to a bespoke panel of real estate service providers RBS Financial Services, a...

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Moneylife Digital Team 21 May 2013
The agency’s action to attach these properties under PMLA is aimed at depriving the accused benefits of these assets which are created through the “proceeds of crime” and illegal means The Enforcement Directorate (ED) is set to attach properties worth over Rs125 crore of the main accused...

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Moneylife Digital Team 21 May 2013
As many as 37 power stations in the country, which have tied up 33 mmscmd (million metric standard cubic metres per day) gas from RIL’s KG basin have nil fuel at their disposal Non-supply of natural gas from Reliance Industries’ KG basin has impacted over 15,000 MW gas-based capacity of...

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Moneylife Digital Team 21 May 2013
The Philanthropy Index measures and reflects the commitment of individual philanthropists from Europe, the Middle East and the Asia in terms of three main criteria: the amounts given, innovation and the effort invested to promote their causes BNP Paribas Wealth Management has launched a...

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Moneylife Digital Team 21 May 2013
For a second time, Phaneesh Murthy has been sacked over charges of sexual harassment ending a stunning comeback by the marketing expert Phaneesh Murthy, the once upon a time blue-eyed boy of the information technology (IT) industry has been sacked by iGate Corp, after having to quit...

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