COMPANIES & SECTORS


Moneylife Digital Team 12 March 2013
The CAG while auditing HSIIDC observed that the valuation of the property which was to be developed for recreation and leisure activities in Gurgaon was misleading The Comptroller and Auditor General of India (CAG) on Monday criticised the Haryana State Industrial and Infrastructure...

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Moneylife Digital Team 11 March 2013
The management acknowledges a very high level of costs in the system. The current cost structure is inflated due to underutilised capacities and FDA resolution related costs   Ranbaxy Laboratories, which has been a play on the generic opportunity in the US as blockbuster drugs go off...

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Moneylife Digital Team 11 March 2013
The oral care segment will likely remain a profitable but a competitive segment over the next 3-5 years, says Nomura Equity Research Colgate Palmolive (India) is the dominant market leader in the oral care segment in India. Category growth is still attractive and profitable, and it is...

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Moneylife Digital Team 11 March 2013
During February, while weakness persisted across most segments, it was more prominent in MHCV, tractor, passenger car, and two-wheeler segments. The UV segment, which had so far remained insulated from the slowdown, also witnessed initial signs of weakness Automobile sales during...

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Moneylife Digital Team 11 March 2013
SSTL has deposited Rs613.75 crore for the auction, making it eligible to bid for minimum quantum of 2.5 Megahertz spectrum (two blocks of 1.25 Mhz airwaves frequency) in 11 circles Sistema Shyam Teleservices (SSTL) today emerged as a lone bidder for eight circles in the 2G spectrum...

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While the Pune police have issued three letters in the last quarter of 2012 directing TCS to have stringent security checks while hiring employees and to tighten security of its Passport Seva Kendra, no action has been taken so far. The high court had earlier observed that TCS’s passport...

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Moneylife Digital Team 09 March 2013
The debarment pertains to a bid submitted by L&T through regional business head of its medical equipment and systems unit to a World Bank-financed project in Tamil Nadu in 2008   The World Bank (WB) has barred Indian conglomerate Larsen & Toubro (L&T) from doing any business with it...

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Moneylife Digital Team 08 March 2013
In December, TRAI floated a pre-consultation paper seeking inputs from stakeholders on tariff for national roaming services. The government is expected to take a call on national free roaming after the regulator submits its recommendations Telecom minister Kapil Sibal on Thursday said...

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Moneylife Digital Team 08 March 2013
Around 3,000 workers resorted to “tools down” protest on Tuesday demanding revocation of suspension of two office-bearers of the employees union The “tools down” strike at automobile maker Mahindra & Mahindra’s (M&M) plant in Nashik was called off on Thursday after the management agreed...

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Moneylife Digital Team 07 March 2013
This offer is for those who buy the car in the next two months. The car should have a clean accident record and have a valid insurance cover, Tata Motors said Passenger car maker Tata Motors has launched a new scheme for its Manza sedan buyers, who will get back 60% of the purchase value...

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Moneylife Digital Team 06 March 2013
The Directorate General of Central Excise Intelligence has issued the show-cause notice after its investigation found that the company misused “area-based exemption” for its new unit in Baddi, Himachal Pradesh even before it came into existence   Chocolates and confectionery major...

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Moneylife Digital Team 06 March 2013
The finance minister’s moves on the housing policy will increase demand and give a fillip to the real estate sector, making it more consumption-oriented In an impact analysis on the Budget 2013-14, Liases Foras says that the proposals are targeted towards giving a boost to affordable...

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The Union Budget has allowed banks to set up insurance broking arms. While it is a welcome move that will reduce mis-selling and offer customers choice of products, will banks really go for something that increases their own responsibility? What about banks that own an insurance company?

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Moneylife Digital Team 06 March 2013
This would be the first entry of a foreign carrier in the domestic aviation sector after the liberalisation of FDI policy in September last year The Foreign Investment Promotion Board (FIPB) on Wednesday cleared the investment proposal of Malaysian low fare carrier AirAsia, which seeks...

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Moneylife Digital Team 06 March 2013
Over the past two months several Indian carriers announced mega ticket sales at discounted prices and it is yet to be seen whether such promotional ticket schemes would spur any growth in air traffic While global air passenger demand rose 2.7% in January year-on-year, Indian domestic air...

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Moneylife Digital Team 06 March 2013
The government could raise between Rs250-Rs300 crore from the stake sale. The government holds 92.5% stake in RCF and the paid-up capital of the company is Rs551.69 crore The government is set to offload 12.5% stake in Rashtriya Chemicals and Fertilizers (RCF) through the Offer for Sale...

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Moneylife Digital Team 05 March 2013
Can PSBs withstand the storm of slow growth and higher bad debts? Or will they need government support? The balance sheets of Indian public sector banks (PSBs) have been deteriorating for the past few years and the quantum of bad debt seemed to have got worse in the last few months, even...

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Moneylife Digital Team 05 March 2013
According to sources, IDFC has filed a petition in the Madras High Court to quash an FIR filed by Photon Infotech in the Deccan Chronicle case Infrastructure Development Finance Company (IDFC) has reportedly filed a petition before the Madras High Court to quash a first information...

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Moneylife Digital Team 04 March 2013
GMR group sold its 70% in GMR Energy FPM Power Holdings for 660 million Singapore dollars, earning a profit of Rs1,356 crore Cash-strapped GMR group said it sold its 70% interest in GMR Energy (Singapore) Pte Ltd to FPM Power Holdings for an equity value of 660 million Singapore dollars...

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Moneylife Digital Team 01 March 2013
The Kishore Biyani-owned enterprise continues to struggle despite increased revenues during the third quarter. Pantaloon can neither reduce its debt to increase cash flow nor increase it fund expansions as in the past. Is it condemned to a slow death if it is not taken over? Even though...

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