Buy Marksans Pharma; sell OBC, Unitech: Krish Subramanium

Krish Subramanium of Asit c Mehta Investment Intermediates recommends buying Marksans Pharma for a target of Rs 34.50 and advises selling Indiabulls Real Estate for a possible target of Rs 86.

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PRIME PROPERTY EPISODE 81 SEG 1: Telecast Date: 30/08/2014

A body blow for DLF, and a booster shot for consumers. The Supreme Court instructs DLF to pay the Rs 630 cr penalty imposed by the competition watchdog CCI

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THE FIRM August 29: The Coal Allocation Mess: What Next?

THE FIRM August 29: The Coal Allocation Mess: What Next?
‘Coal is king and paramount lord of industry’ a judgement that starts on such a note promises nothing less than high drama. And the Supreme Court did not disappoint in its landmark judgment this week. Over 163 pages, it has documented how for over 2 decades the central government allocated 218 coal blocks in violation of law, policy and the Constitution. It’s a long list of violations

The Supreme Court found that
- Contrary to law, the Center gave States no say when selecting companies for coal block allocations.
- The Screening Committee had no objective criteria for selection nor did it do any evaluation of applicants.
- Worse still, Screening Committee meeting minutes have no information on why a particular company was allocated a block.
- The law did not permit allocations to States or State PSUs, joint ventures with ineligible companies or consortiums and yet allocations to such entities were made.
- In many cases, selected companies were neither recommended by the State government nor by the administrative ministry nor by the CEA. In other cases, recommended companies did not get any allocations.
- Certain blocks with coal reserves on the higher side were recommended to the companies with lower requirement.
- And contrary to the law, most companies that were allocated coal blocks, did not have any steel, power or cement plants at the at the time of allocation nor in the applications.

In the Supreme Court’s words ‘the entire allocation of coal block…suffers from the vice of arbitrariness and legal flaws….there was no fair and transparent procedure, all resulting in unfair distribution of the national wealth. Common good and public interest have, thus, suffered heavily. Hence, the allocation of coal blocks based on the recommendations made in all the 36 meetings of the screening committee is illegal’.

But the hard hitting judgment stopped short of detailing the consequences. It said that final determination requires further hearings. Those hearings will begin next week. Menaka Doshi brings to you a preview of the arguments and the possible outcomes.

WATCH ‘THE FIRM’ AT THESE TIMES ON CNBC-TV18
FRI: 10.30PM, SAT: 11.30AM, SUN 9.30 AM

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Market Pulse: Maruti: Stellar Sales In August

Maruti Suzuki has reported stellar sales in August. It’s up 27% year on year basis.

Swati Khandelwal Jain gets you the break-up of the numbers.

This video is originally sourced from Bloomberg TV India, you can watch it here: http://www.btvin.com/videos/watch/8596/maruti:-stellar-sales-in-august

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Change India Episode 6 Segment 1

Follow up Modi’s Manifesto – Make in India. As Prime Minister Narendra Modi appealed to companies around the world to ‘Come, make in India’, Edelweiss and CNBC-TV18 present Change India – What India Needs. Tune in to see the Nation’s journey on becoming a manufacturing hub with Shereen Bhan on CNBC-TV18.

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Young Turks @ 13 Ep 4 – SnapDeal

This week on Young Turks – The Big League we revisit Rohit Bansal and Kunal Bahl’s Snapdeal.com, India’s largest e-commerce marketplace that has grown by 600% in just the last 12 months. On Young Turks International catch an exclusive with Talmon Marco, founder of messaging and calling app Viber that has over 400 million registered users and 25 million users in India. Also on the show catch Puru Gupta & Sreejith Moolayil whose health e-commerce venture HealthyWorld.in aims to bring wellness to the mainstream.

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Nirav Sheth bullish on media, consumer discretionary

Nirav Sheth of Edelweiss Financial Services is bullish on media, consumer discretionary.

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Young Turks @ 13 Ep 4 – Viber

This week on Young Turks – The Big League we revisit Rohit Bansal and Kunal Bahl’s Snapdeal.com, India’s largest e-commerce marketplace that has grown by 600% in just the last 12 months. On Young Turks International catch an exclusive with Talmon Marco, founder of messaging and calling app Viber that has over 400 million registered users and 25 million users in India. Also on the show catch Puru Gupta & Sreejith Moolayil whose health e-commerce venture HealthyWorld.in aims to bring wellness to the mainstream.

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Appointment with Nick Clegg – Segment 1

CNBC-TV18′s Menaka Doshi in conversation with Nick Clegg, Deputy Prime Minister of UK

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The Autocar Show- Review: Hyundai Elite i20

Autocar India test drives Hyundai’s new Elite i20.

Watch as Autocar India’s Renuka Kriplani gives you an in-depth review of the car.

This video is originally sourced from Bloomberg TV India, you can watch it here: www.btvin.com/videos/watch/8581/review:-hyundai-elite-i20

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