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Wednesday, January 16, 2013


Investment bank expects reforms push would take India to 8 pct per annum growth over the next three years, improving to 6.7 percent in FY14 from 5.6 percent projected in FY13.

Corporate earnings growth may surprise on upside around 16-17 percent as street not factoring in improvement in EBITDA margins with neither falling core inflation nor reduction in interest costs getting built in, the note says.

Cyclical sectors are even cheaper and are at 10-year low as compared to defensives, it says.

Adds Axis Bank (AXBK.NS), State Bank of India and property developerDLF (DLF.NS) to its top 10 ideas, replacing ICICI Bank (ICBK.NS) Dr.Reddy's Laboratories (REDY.NS) and HDFC Bank (HDBK.NS).

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commodity tips said...

Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650crore penalty on BHARTI AIRTEL for violating roaming norms in 13 service areas between 2003 and 2005. An internal committee of Department of Telecom had alleged that Bharti Airtel had continued to route national and international calls as local calls (SLD) under a scheme till 2005 despite being told to stop it in 2003.
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commodity tips said...

Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650crore penalty on BHARTI AIRTEL for violating roaming norms in 13 service areas between 2003 and 2005. An internal committee of Department of Telecom had alleged that Bharti Airtel had continued to route national and international calls as local calls (SLD) under a scheme till 2005 despite being told to stop it in 2003.
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equity tips