COMPANIES & SECTORS


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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Moneylife Digital Team 01 March 2013
The across-the-board decline in sales is seen as a sign that consumers are limiting their spending Maruti Suzuki India (MSI), India’s largest car maker today reported 7.89% decline in its total sales at 1,09,567 units in February 2013 compared to 1,18,949 units in the corresponding month...

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Moneylife Digital Team 01 March 2013
Majority of the domestically produced natural gas is priced at $4.2 per mmBtu, one-third of the imported cost. Domestic and international firms have been saying that this cost is unremunerative for undertaking exploration in deeper and risky basins Finance minister P Chidambaram on...

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Moneylife Digital Team 28 February 2013
According to Nomura, negative factors like weak retail demand, high base of last year and loss of production due to the two-day nationwide strike would affect auto sales in February 2013 During February 2013, sales volumes in the auto industry are likely to decline due to some negative...

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Over the past 12 months, ICICIdirect kept a ‘buy’ rating on Opto Circuits with unbelievable target prices even as two other major brokers were cautious and the stock was tumbling because of extremely stretched balance sheet. And when ICRA suspended its debt rating, Crisil lent its support

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Moneylife Digital Team 27 February 2013
Rapid change in food consumption habits in India has spurred domestic and foreign quick service restaurant (QSR) chains to implement aggressive expansion plans. According to a Rabobank report, this growth is set to accelerate “QSRs (Quick Service Restaurants) will be a double-digit...

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Moneylife Digital Team 27 February 2013
According to the proxy voting advisory, there are not enough disclosures by the Piramals on promoter group entities and related party transactions and the rationale can also be achieved through inter-se transfer instead of the merger Bengaluru-based InGovern Research Services has advised...

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Investors of Shree Digvijay Cement Company were offered an extremely low valuation as the ownership was transferred from one company to another in a convoluted deal that made it look like an indirect acquisition. As expected, complaints made to the regulator remain unfruitful A few weeks...

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Rajeev Sawhney, who is fighting a bruising battle with H&M over the takeover of Vmoksha, alleges that the ratings agency did not look into the pending criminal case against the chairman and MD of H&M before assigning its highest rating. How independent is CRISIL’s grading of H&S? In a...

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Moneylife Digital Team 26 February 2013
The much talked about Railway Budget, presented two days ahead of the Union budget, has turned out to be largely a non-event. While sparing passengers from another hike within a month, Pawan Kumar Bansal, however increased charges for super-fast trains, and fees for ticket cancellation and...

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Moneylife Digital Team 26 February 2013
The suit charged that TCS unjustly enriched itself by requiring all of its non-US citizen employees to endorse and sign over their federal and state tax refund checks to the company and by taking unauthorised deductions from employees’ paychecks Tata Consultancy Services (TCS), Asia’s...

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Moneylife Digital Team 26 February 2013
Kingfisher Airlines was allowed to fly to eight foreign destinations—Bangladesh, Hong Kong, Nepal, Singapore, Sri Lanka, Thailand, Dubai and Britain—between 2008 and 2011 The government on Monday withdrew all international flying slots given to now defunct Kingfisher Airlines, and said...

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Moneylife Digital Team 26 February 2013
The price of spectrum in the 1800 MHz band in Delhi, Mumbai, Karnataka and Rajasthan was reduced by 30% after no bid was received for them in November. But even after a price cut, there was no taker. Sistema Shyam Teleservices was the lone applicant in the CDMA auction The government’s...

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Moneylife Digital Team 25 February 2013
SBI said the infusion of Rs3,004 crore from the government would enable it to support its national and international banking operations through its subsidiaries and associates State Bank of India on Monday said it fixed issue price at Rs2,312.78 per share for preferential allotment to...

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Moneylife Digital Team 25 February 2013
Cairn believes the Rajasthan block holds an in place resource base of 7.3 billion barrels that can support 300,000 bpd of output Cairn India on Monday said it began drilling its first exploration well in four years on the Rajasthan block which will help the company to boost its output to...

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Prathmesh Bhargav 25 February 2013
While US, China, Israel and even smaller countries are busy in harnessing their youth to build something innovative, the Infosys, TCS, Wipro and others are just doing mundane tasks that the West thinks is not worth their time. That is fine, but are Indian IT companies then worthy of being...

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