COMPANIES & SECTORS


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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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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