COMPANIES & SECTORS


MDT/PTI 28 January 2013
For the fifth time this fiscal, Mukesh Ambani-led Reliance Industries, which has a surplus cash of over Rs75,000 crore, is raising long-term debt citing historically low interest rates from the overseas markets Mumbai: Reliance Industries (RIL), which is sitting on over Rs75,000 crore in...

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MDT/PTI 28 January 2013
According to CMIE, telecom user base in India is expected to increase in the next fiscal on the back of the rural thrust of operators   Mumbai: Despite a steep fall in the customer base over the past few months, telecom companies are likely to add 48.9 million new subscribers in...

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The credit information business is in a big mess. You will get different information from different bureaus and your scores may vary widely. Yet, credit information and credit scores are being used as revenue-generating opportunities by the industry, even as customers are sold questionable...

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MDT/PTI 25 January 2013
Maruti’s recently launched New Alto 800 has picked up well in the festive season and is expected to do well in the fourth quarter. This coupled with the order backlog for Swift, Swift Desire and Ertiga is expected to drive the demand scenario for the auto major New Delhi: Riding on good...

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PS Deodhar 25 January 2013
Forming a cooperative that shares a common brand name, common design for store-fronts, central purchasing of quality goods as competitively as Walmarts do, will enable existing family stores to retain their independence and ownership, and yet derive benefit of staying under a large umbrella...

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MDT/PTI 25 January 2013
The CDR proposal involves a 10-year door-to-door back-ended repayment plan with a reduced interest rate, which effectively means a 3% savings on interest burden for financially troubled Suzlon Mumbai: Wind energy major Suzlon said its lenders, comprising 19 banks led by State Bank of...

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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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