COMPANIES & SECTORS


MDT/PTI 25 January 2013
CCI said the proposed combination is not likely to have an appreciable adverse effect on competition in India as the size of the business instalment loans portfolio of Barclays in India is relatively insignificant New Delhi: Fair trade regulator Competition Commission of India (CCI) has...

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MDT/PTI 25 January 2013
Banks are encouraged by the RBI to consider the option of raising Tier II capital through public issue to retail investors while issuing subordinated debt Mumbai: The Reserve Bank of India (RBI) has asked banks to issue bonds to retail investors so as to deepen the corporate debt market,...

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MDT/PTI 25 January 2013
According to sources the Centre is likely to approach TRAI regarding the steep hike in call rates by some operators New Delhi: A day after mobile charges were hiked by leading operators, telecom minister Kapil Sibal has said consumers should be offered the lowest call rates. “We want...

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Moneylife Digital Team 24 January 2013
Some of India's biggest banks which reported the highest increase in net NPAs in 2011-12, faced further deterioration in asset quality in the first half of 2012-13 too, says a research report During 2011-12, more than a dozen banks, including domestic and foreign have reported over 100%...

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MDT/PTI 24 January 2013
During the quarter to end-December, L&T's net sales rose 10.34% to Rs15,429.36 crore from Rs13,983.61 crore mainly on 25% increase in other income, especially interest earned on deposits Mumbai: Engineering and construction company Larsen and Toubro (L&T) on Thursday reported over 13%...

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MDT/PTI 24 January 2013
The telecom tribunal denied the plea of Tata Communications to direct the state-run company to produce the internal letter based on which IUC amounts were paid by MTNL to the company New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has allowed the plea of Tata...

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MDT/PTI 24 January 2013
The air conditioner market has been almost stagnant for the last two-three years due to delayed projects in the real estate sector Chennai: Slowing down of the economy and delay in real estate projects are among the reasons that have led to stagnation in the air conditioner market for...

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Moneylife Digital Team 23 January 2013
The institutional research firm picks Wipro to finish first, followed by Infosys, as it expects industry dynamics to improve in FY13-14. The Economist, however, doesn’t foresee a good future for the Indian IT industry Espirito Santo Securities (ESS) believes that the information...

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MDT/PTI 23 January 2013
The apex court also directed DGCA to examine the tariff structure of the airlines in view of their wide range of base prices for air tickets   New Delhi: Passengers who book air tickets through agents will not have to fork out extra money with the Supreme Court on Wednesday...

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MDT/PTI 22 January 2013
During the December quarter, Hindustan Unilever’s net sales rose to Rs6,433.69 crore from Rs5,844.31 crore a year ago period   New Delhi: Fast-moving consumer goods (FMCG) company Hindustan Unilever (HUL) on Tuesday reported a 15.6% jump in net profit to Rs871.36 crore for the third...

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MDT/PTI 22 January 2013
ITC got possession of 39 acres at Panchla in Howrah district where it would build an integrated food and consumer goods facility and would invest Rs1,000 crore in the foods and consumer goods segment in the state over two-three years   Kolkata: Cigarettes-to-hotels conglomerate ITC...

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MDT/PTI 22 January 2013
SEBI had conducted a probe with regard to the various price sensitive disclosures made by Suzlon between 3rd November and 2nd December 2009. The investigations revealed that Bakshi had indulged in opposite transactions in Suzlon shares   Mumbai: Market regulator Securities and...

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MDT/PTI 22 January 2013
Prior to joining Union Bank, Mundra was the chief executive of BoB’s European operations based in London   New Delhi/Mumbai: The finance ministry has cleared the name of Union Bank executive director SS Mundra as the new chairman and managing director (CMD) of Bank of Baroda (BoB),...

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Moneylife Digital Team 21 January 2013
Fuel pricing reforms are a must, and these look unlikely in the near term, says Nomura Equity Research Public sector oil companies (oil PSUs) have seen sharp upward moves and large volatility in the stock market over the last few days. This is an over-reaction. The diesel price...

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MDT/PTI 19 January 2013
General insurers, both from private and public sector, had reportedly approached IRDA for 10%-40% revision in health insurance tariff to protect losses Kolkata: State-run National Insurance Company (NIC) may soon increase the cost of health insurance premium to offset losses, reports PTI...

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MDT/PTI 19 January 2013
“They are short in solvency and losing money on underwriting. I think insurers will wait for some more time, may be one or two more years till finances improve,” GIC chairman & managing director Ashok K Roy said Kolkata: Non-life insurers are unlikely to hit the capital market to raise...

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MDT/PTI 19 January 2013
The airline owes close to Rs1,800 crore in salary dues, tax arrears and vendor/lessor fees and airport charges. It is also saddled with over Rs7,500 crore in bank debt and over Rs8,000 crore in accumulated losses Mumbai: A meeting between the core lenders group and the grounded...

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MDT/PTI 18 January 2013
RIL, which operates the world's biggest refining complex at Jamnagar in Gujarat, earned $9.6 on turning every barrel of crude oil into fuel in the quarter, compared to $6.8 per barrel gross refining margin in the same period a year ago New Delhi: Reliance Industries (RIL), India's...

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MDT/PTI 18 January 2013
The diesel hike comes at a time when the Railways is facing an acute financial crunch. Earnings from passengers and freight have failed to meet the target in the current fiscal   New Delhi: The diesel price hike has put an additional burden of around Rs2,700 crore a year on the cash-...

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MDT/PTI 18 January 2013
Net interest income of the bank for the December quarter stood at Rs3,798.9 crore, a growth of 21.9%, mainly on account of increased loan book   Mumbai: Private sector HDFC Bank today reported a 30% jump in net profit at Rs1,859.07 crore for the October-December quarter of the current...

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