US court supports Exim Bank loan for Air India, seeks more details

Moneylife Digital Team | 19/6/2013 @ 2:18pm | 1150 views

The decision comes following the appeal by the Delta Airlines and the Airline Pilots Association of a lower court decision in July 2012 that determined that the Exim Bank improperly approved financing for purchases of certain Boeing aircraft by Air India More

Nasscom concerned about US immigration bill

Moneylife Digital Team | 18/6/2013 @ 6:14pm | 1902 views

The Bill being pushed by the Obama administration gives the domestic IT professionals in the US a 60-day period to find a new job after they lose the existing one, among several other sweeping reforms More

Domestic air traffic sees marginal increase in Jan-May 2013

Moneylife Digital Team | 18/6/2013 @ 5:37pm | 1789 views

Passengers carried by domestic airlines between January and May this year stood at 259.98 lakh, compared with 258.08 lakh in the same period last year, registering a growth of 0.74% More

FIPB clears 16 FDI proposals worth Rs1,647 crore

Moneylife Digital Team | 18/6/2013 @ 3:13pm | 1217 views

Among the notable proposals cleared by the Board were the Rs962 crore proposal of Vijay Television for acquisition by foreign promoters and Korea Western Power Co’s proposal to invest in an Indian company to the tune of Rs270 crore More

Indian oil supply issues and powering Pakistan’s industries

AK Ramdas | 18/6/2013 @ 12:22pm | 474 views

The wheels of the nation can move smoothly when power supply is available in plenty and without any interruption More

TRAI lowers roaming charges for calls, SMSs

Moneylife Digital Team | 17/6/2013 @ 3:30pm | 2283 views

“With increased subscribers and usage, the costs associated with national roaming have declined, but not vanished. There are still real costs incurred in providing the national roaming facility,” TRAI said More

Tata Motors’ global sales declines 14.9% in May to 81,783 units

Moneylife Digital Team | 17/6/2013 @ 11:12am | 1463 views

While the sales of luxury sedans of Jaguar brand stood at 7,061 units, Land Rover sales were at 24,149 units during the month, the company said in a statement More

Zen Technologies case: Do SEBI buyback rules favour big investors like Rakesh Jhunjhunwala?

Moneylife Digital Team | 14/6/2013 @ 5:40pm | 1080 views

Zen Technologies bought the 10% stake of Rakesh Jhunjhunwala @ Rs70, under its ongoing buyback offer. This left hardly any buyback from retail investors which boils down to one rule for the big investor, another for the small guys More

Laying a stronger foundation of competition law in India

KK Sharma | 14/6/2013 @ 1:02pm | 773 views

The judgement will ensure that there is fear of competition law and the SC in the mind and hearts of those who may be tempted to rob Indian consumers of their hard earned money More

I-T dept issues Rs816 crore demand notice on Wipro

Moneylife Digital Team | 13/6/2013 @ 5:47pm | 3723 views

Wipro has been slapped with an over Rs816 crore claim by I-T department, becoming the latest IT company to have got such a notice after Infosys, WNS and iGate More

Apollo Tyres tumbles 21% on debt worries over Cooper buy

Moneylife Digital Team | 13/6/2013 @ 12:43pm | 1444 views

Shares of Apollo Tyres tumbled due to debt worries over the company's plan to buy US-based Cooper Tire for Rs14,500 crore in an all cash deal More

Companies make Rs7,003-crore open offers to shareholders in April

Moneylife Digital Team | 11/6/2013 @ 2:37pm | 1333 views

This is the second highest value of offers made in a month since January 2013 when companies had made 11 open offers for Rs8,308 crore More

HDFC Bank pitches toxic product to NRIs

Sucheta Dalal | 11/6/2013 @ 2:17pm | 5082 views

HDFC Bank is targeting non-resident Indians (NRIs) with a fixed income product, exposing them to foreign currency fluctuations. If a customer loses money, he has to be blamed, of course, for falling for this hard-sell from his 'trusted' banker More

Jindal Steel tumbles 24% following FIR against Naveen Jindal in Coalgate scam

Moneylife Digital Team | 11/6/2013 @ 1:18pm | 1307 views

While Congress leader and MP Naveen Jindal had so far maintained distance from the coalgate scam, the CBI seems to think otherwise. The investigation agency had filed an FIR against Jindal and is conducting searches at 19 locations of JSPL in Delhi and Hyderabad. Does this signal changed equations in the Congress? More

RBI penalises ICICI Bank, Axis Bank and HDFC Bank for violating KYC norms

Moneylife Digital Team | 11/6/2013 @ 11:52am | 1072 views

Following the Cobrapost exposé, the central bank investigation found prima facie evidence of KYC violations. It however, did not find any substantial info on money laundering and said, any conclusive inference can be drawn after investigation of the transactions by tax and enforcement agencies More

Cairn India should concentrate on Rajasthan rather than chasing shale oil/gas

AK Ramdas | 11/6/2013 @ 11:20am | 1006 views

Cairn India would do well to concentrate its expertise in what it knows best—get the gas and oil from Barmer and other potential areas, and leave the shale gas/oil issue for subsequent development More

Domestic passenger car sales decline 12.3% in May

Moneylife Digital Team | 11/6/2013 @ 11:18am | 1266 views

Total sales of vehicles across categories registered a decline of 0.93% to 14,98,909 units in May 2013 against 15,12,986 units in the same month of 2012, according to the data released by the Society of Indian Automobile Manufacturers More

India steel demand contracts 4.4% in May

Moneylife Digital Team | 10/6/2013 @ 6:52pm | 1986 views

Despite the weaker demand scenario, India turned to a net importer of steel (net imports: 161 kilo tonnes) in May, from net exporter (net exports: 105 kilo tonnes) in April More

Cobrapost fallout: RBI penalises Axis, HDFC, ICICI banks for rule violations

Moneylife Digital Team | 10/6/2013 @ 6:50pm | 1403 views

The penalty follows scrutiny carried out by RBI of books of accounts, internal control, compliance systems and processes of these three banks at their corporate offices and some branches during March/April 2013 More

RCom and RIL’s $2 billion tower-sharing deal: Positive for both, says Nomura

Moneylife Digital Team | 10/6/2013 @ 6:10pm | 1324 views

The deal is positive for both RCom and RIL. RCom can utilize and monetize its extensive network reach. And importantly, it can deliver its balance sheet further (total debt: $7 billion), says Nomura Equity Research More

Corporate Governance: Convenience Rules with Infy Too

Sucheta Dalal | 10/6/2013 @ 5:27pm | 5486 views

Mr Murthy and his protégé Nandan Nilekani have always been clever about managing their image. Consider this anecdote of 2005, just two years after the Narayana Murthy Committee had submitted its report to the Securities & Exchange Board of India More

FDI in multi-brand retail: Clarifications are ambiguous

AK Ramdas | 10/6/2013 @ 2:33pm | 573 views

We have always talked of “single-window clearance” for decades now. This is yet to materialize, but in the meantime, to confuse and compound the issue, the Department of Industrial Policy and Production (DIPP) has stated that a multi-brand entity cannot engage in any other form of distribution More

Governance Deficit in Infosys?

Sucheta Dalal | 10/6/2013 @ 2:30pm | 4709 views

From the very beginning, Infosys set standards and created benchmarks in transparency, good governance and accountability. But when circumstances changed, this pretty picture began to get dented bit by bit, starting with TV Mohandas Pai’s stormy exit around the time that NRN hung up his boots More

CIBIL: Customers Continue To Suffer

Sucheta Dalal | 10/6/2013 @ 2:30pm | 1087 views

Who checks the quality of technology or data-matching algorithms used by CIBIL or the other credit bureaus? What is the redress process, when it fails? More

Merger of associate banks can start by September, says SBI chief

Moneylife Digital Team | 8/6/2013 @ 1:09pm | 3311 views

The high-powered committee headed by SBI managing director S Vishwanathan would submit its report by July-August, and later based on the report the merger process could start by September, SBI chairman Pratip Chaudhuri told reporters More

Jet Airways CEO Nikos Kardassis quits; Hameed Ali appointed acting CEO

Moneylife Digital Team | 8/6/2013 @ 10:29am | 2449 views

Ever since the airline clinched a stake sale deal with the Abu Dhabi-based Etihad Airways in the last week of April, the industry was abuzz with speculation that Kardassis was on his way out More

Corporate governance issue: Narayana Murthy is not alone found wanting

Anil Agashe | 7/6/2013 @ 7:30pm | 1374 views

Is this move (by Narayana Murthy) an admission about his failure in choosing Infosys leaders? If so why does he not admit it in public for the sake of corporate governance and transparency that he talks about all the time? Is trying to make comeback part of culture to cling on? More

Does online cashback of Medicash really benefit you?

Moneylife Digital Team | 7/6/2013 @ 7:13pm | 786 views

Now you can get cashback on availing healthcare services through medicash membership. What does it offer and is the service worth availing? More

ASCI wins the Best Practices Silver Award for introducing National Advertising Monitoring Service

Anishi Khetan | 7/6/2013 @ 5:53pm | 3125 views

Due to the proactive monitoring of NAMS on the print and TV ads, it has helped in tracking a large number of misleading ads More

Mukesh Ambani signs one more win-win deal with RCom

Yogesh Sapkale | 7/6/2013 @ 4:58pm | 964 views

Through his deals with his younger sibling, Mukesh Ambani is getting telecom infrastructure for RJio's 4G services at probably a fifth the rate of building his own network. Anil Ambani’s RCom on the other hand would be able to generate additional revenues from its infrastructure that can reduce debt of about Rs40,000 crore from its books More