COMPANIES & SECTORS


MDT/PTI 16 January 2013
SEBI is not comfortable with certain provisions of the proposed offer from Diageo, including those related to preferential allotment of shares, and it fears that minority shareholders of United Spirits might be at a disadvantageous position under the existing terms of the deal New Delhi:...

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MDT/PTI 16 January 2013
During the December quarter, Axis Bank's net interest income grew 17% to Rs2,495 crore, while fee income jumped 15% to Rs1,405 crore driven by a 35% spike in fee income from the retail business   Mumbai: Axis Bank, the country’s third largest private sector lender has reported 22%...

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MDT/PTI 15 January 2013
Gopal Vittal, the current group director for special projects will take over as Bharti Airtel’s CEO for Indian operations New Delhi: Bharti Airtel on Tuesday said Sanjay Kapoor, its chief executive (CEO) for India and South Asia has resigned from the company and Gopal Vittal will take...

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MDT/PTI 15 January 2013
Ambuja Cements had paid around 0.7% of its annual sales to Holcim as technology and know-how fee in the previous two years   New Delhi: Ambuja Cements has sought approval of its shareholders for paying 1% of its net annual sales as "technology and know-how fee" to its Swiss parent...

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MDT/PTI 15 January 2013
Nearly 1,200 permanent workers of Hero MotoCorp are observing silent protest by wearing black badges and not taking tea and snacks provided by the company to press for their demand   New Delhi: Workers at two-wheeler major Hero MotoCorp's Gurgaon plant have demanded a hike in monthly...

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MDT/PTI 15 January 2013
Muthoot Finance which has a public shareholding of 19.88% as of now, has to increase it to 25% within the timeframe given by SEBI   Mumbai: The country's largest gold loan company Muthoot Finance said it may dilute promoter stake by the end of this fiscal to comply with Securities and...

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MDT/PTI 15 January 2013
The airline initiated an internal probe after Minister of state for civil aviation Venugopal, who was on board a Delhi-Kochi-Thiruvananthapuram flight on 4th January, saw 23 vacant seats inside while a Kerala minister was denied a seat on grounds of non-availability New Delhi: Days after...

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MDT/PTI 14 January 2013
The Centre had asked the apex court to consider allowing the telecom operators, whose 2G licences were cancelled last year, to continue to operate after the 18th January deadline New Delhi: The Supreme Court on Monday extended the 18th January deadline to 4th February, for existing...

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MDT/PTI 14 January 2013
During the December quarter TCS' net profit rose 27% while total revenue increased 21% on productivity gains and expanded operating margins Mumbai: Tata Consultancy Services (TCS), India’s largest software company, on Monday reported a 26.7%jump in its consolidated net profit to Rs3,550...

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MDT/PTI 14 January 2013
According to the information provided by telecom companies, around 20 crore SIMs have been inactive for over a certain period and the total balance on that account is Rs128.9 crore New Delhi: Telecom Regulatory Authority of India (TRAI) on Monday said it expects to finalise the...

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MDT/PTI 14 January 2013
Infosys’ investments in debt MFs increased during the December quarter even as its total cash chest remained almost unchanged at Rs22,501 crore New Delhi: The country’s most cash-rich IT company Infosys has ramped up its investments in debt mutual funds (MFs) to an all-time high of...

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MDT/PTI 12 January 2013
“We have seen strong growth in systems integration and IT-enable services (businesses),” CMC chief executive officer and managing director R Ramanan told reporters New Delhi: IT solutions provider CMC reported 47.59% increase in consolidated net profit at Rs61.06 crore for the quarter...

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MDT/PTI 12 January 2013
“It is required that companies strive for providing a safe, healthy, clean and ergonomic working environment for their employees and indirect workers,” NHRC said New Delhi: Refraining from projects that would be detrimental to locals, respecting whistleblowers’ rights and allowing equal...

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MDT/PTI 12 January 2013
Competition Commission of India said that it has approved the proposed sale of stake in BG Group firm Gujarat Gas, as it is not likely to have an appreciable adverse impact on competition scenario New Delhi: Fair trade regulator CCI said it has approved sale of 65.12% stake in Gujarat...

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MDT/PTI 11 January 2013
“The revival plan submitted by Kingfisher Airlines had lots of issues regarding lenders, staff payment which we felt may not lead to reliable services,” a senior DGCA official said New Delhi: The government is not satisfied with Kingfisher Airlines’ plans to invest Rs650 crore to resume...

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MDT/PTI 11 January 2013
“The company is actively considering to come up with a zero depreciation policy for two-wheelers, which is already being offered for cars,” a New India Assurance official said Mumbai: The country's largest general insurer New India Assurance is actively considering launching a “zero...

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Moneylife Digital Team 11 January 2013
Kotak had put this as one of the top picks of 2013 along with ICICI Bank and Marico, even though the stock was exactly at the same level as it was in December 2011, when the Sensex was 15,455, as compared to 19,664 now We have often mentioned that securities analysts and fund managers...

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MDT/PTI 11 January 2013
The government has decided to re-allocate three coal blocks—Chatti-Bariatu, Kerandari and Chatti-Bariatu (South)—to NTPC but all the necessary clearances are not in place New Delhi: The power ministry is in constant touch with coal ministry to speed up the re-allocation of three mines to...

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MDT/PTI 11 January 2013
Jindal Power had approached the environment ministry seeking clearances for expanding the capacity of Gare Palma coal mine New Delhi: An environment ministry panel has asked Jindal Power to first get approvals from coal and power ministries before seeking environmental clearances for...

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MDT/PTI 11 January 2013
According to the Service Tax Department notice, Kingfisher Airlines cannot fly outside the registered airport premises Mumbai: In more trouble for beleaguered Kingfisher Airlines, Service Tax Department has issued a notice to the carrier, "impounding" all its aircraft, department sources...

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