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Economy & Nation

Macro stability indicators continue to improve gradually, says Morgan Stanley

Moneylife Digital Team | 22/5/2013 @ 11:25am | 68 views

After almost three years of slowing economic growth and elevated inflation, we are now seeing early signs of a reversal in the stagflation-type environment as policy makers are beginning to take steps to correct the bad growth mix, Morgan Stanley said in its report on the Indian economy More

India, China to consider further steps for maintaining peace across border area

Moneylife Digital Team | 20/5/2013 @ 6:41pm | 1032 views

Singh and Li said both countries need to appropriately handle cooperation by maintaining peace and tranquility in the border areas and on the trans-border river issues More

S&P cautions India of rating downgrade; retains negative outlook

Moneylife Digital Team | 17/5/2013 @ 5:22pm | 3005 views

“We may lower the rating if we conclude that slower government reforms than we currently expect would not lead economic growth to recover to levels experienced earlier this decade,” S&P said in a statement More

WPI inflation falls to three-and-half year low of 4.89% in April

Moneylife Digital Team | 14/5/2013 @ 1:16pm | 506 views

The April WIP inflation is the lowest level of inflation since November 2009 when it was 4.78% More

India's trade deficit worsened sharply in April on higher gold imports

Moneylife Digital Team | 13/5/2013 @ 3:19pm | 478 views

During April, India's gold imports rose 138% to about $7.5 billion as consumer demand for the yellow metal shot up significantly. This has mainly led to widening of the CAD, says Nomura More

India's exports up 1.6% at $24.16 billion in April

Moneylife Digital Team | 13/5/2013 @ 2:24pm | 2040 views

Commerce secretary SR Rao attributed the widening of trade deficit to high gold imports. Gold and silver imports during April 2013 jumped by 138% to $7.5 billion against $3.1 billion in the year-ago period More




CPI inflation falls to 9.39 % in April

Moneylife Digital Team | 13/5/2013 @ 1:06pm | 2059 views

Retail inflation in urban areas declined to 9.73% in April while that for the rural population it was 9.16% during the reporting month More




Kapil Sibal gets additional charge of law, Joshi gets railway portfolio

Moneylife Digital Team | 11/5/2013 @ 3:12pm | 3905 views

Prime minister Manmohan Singh has written to president Pranab Mukherjee recommending the changes, a day after Bansal and Kumar resigned in the wake of allegations of bribery and interfering with the CBI probe in the Coalgate scam More




Industrial production weaker than what meets the eye, says Nomura

Moneylife Digital Team | 11/5/2013 @ 11:17am | 472 views

The uptick in capital goods output growth has been driven by the volatile rubber-insulated cables category. Excluding this, capital goods output growth continues to contract. Intermediate goods demand also remains weak, Nomura believes More




Railways minister Pawan Kumar Bansal resigns

Moneylife Digital Team | 10/5/2013 @ 6:54pm | 5480 views

Bansal’s resignation comes after his nephew Vijay Singla was arrested last Friday for allegedly trying to fix the promotion for a member in the railway board More




India’s trade deficit to worsen in May despite large inflows

Moneylife Digital Team | 10/5/2013 @ 6:15pm | 633 views

India's trade deficit worsened sharply in May, after improving in March due to seasonality. This likely explains why the rupee has been weak despite large portfolio inflows, says Nomura More




Thin IIP growth recovery expected in FY14 on low capital goods output

Moneylife Digital Team | 10/5/2013 @ 5:25pm | 5289 views

A speedy industrial recovery is possible only by resolving issues related to power (coal and gas) and policy issues related to land, and project and environment clearances More




Factory output springs back to 2.5% in March; grows a meagre 1% in FY13

Moneylife Digital Team | 10/5/2013 @ 12:26pm | 5397 views

Factory output, as measured in terms of Index of Industrial Production, grew by just 1% in 2012-13 compared to a growth of 2.9% in previous fiscal, according to official data released today More




Cobrapost stings again- Exposes money laundering racket in 10 more banks including IndusInd, BoB and ING Vyasa

Moneylife Digital Team | 9/5/2013 @ 3:07pm | 2979 views

Cobrapost has alleged that RBI is acting as a protector, and not as a regulator or enforcer. The RBI is loath to admit that there exists a massive money laundering racket in our financial institutions across the board, because if it were to admit, it would strip the RBI of its halo as a 'one of the best banking regulators in the world', Cobrapost says More




Parliament adjourned sine-die leaving food security and land bill pending

Moneylife Digital Team | 8/5/2013 @ 2:59pm | 1366 views

The only business that was transacted during the second phase of the Budget session was passage of the Finance Bill marking the completion of the Budgetary exercise and the Railway Budget without any discussion after walkout by the Opposition More




How much longer can the FM, RBI ignore HSBC in India?

Michael Mason-Mahon | 7/5/2013 @ 6:52pm | 3224 views

While the HSBC Holdings chairman Mr Flint, the board of directors, and CEO Mr Milne of HSBC India are unaffected, will they care about the lives they have ruined in India? More




For once, some practical advice on investing in frontier markets

William Gamble | 6/5/2013 @ 5:51pm | 1210 views

Bubbles happen all the time in frontier markets. The index in Ghana is up 50% in four months. Assuming you wanted to take the risk, what are the safest investment vehicles and do their returns really represent the mouth-watering headline numbers? More




India’s macro-economic indicators improving, says Morgan Stanley

Moneylife Digital Team | 6/5/2013 @ 5:42pm | 698 views

The Indian economy is supposedly recovering after three years of slowing economic growth More




HSBC, three DSAs fined Rs50,000 by consumer forum for harassment through telemarketing

Moneylife Digital Team | 6/5/2013 @ 4:13pm | 3056 views

Despite raising the issue of unwanted marketing calls to the HSBC’s highest authorities in India, Sinha continued to be harassed by telecallers on behalf of the lender. Finally, after over four years, a consumer forum found the Bank and its agents guilty and asked them to pay Rs50,000 More




February credit offtake lacklustre due to weakness in mid-corporate segment says Religare

Moneylife Digital Team | 6/5/2013 @ 3:42pm | 1503 views

While growth continues to be driven by large industries, trade services, NBFCs and retail, the mid-corporate segment is still exhibiting weak credit offtake, says Religare Capital Markets More




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