ECONOMY & NATION


The stock of Murli Industries, whose promoter was indicted recently by SEBI, is shooting up. Since 28th February, the share price has gained over 40%, indicating possible market manipulation The promoter of Murli Industries was recently banned from trading, by the market regulator for...

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Sharad Matade 09 March 2011
Soaring raw material prices—mainly coking coal—in international markets have now forced domestic steelmakers to increase prices of their products between Rs300-Rs500/tonne Indian steel majors have increased their product prices marginally to offset soaring prices of raw materials-coking coal...

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Veeresh Malik Veeresh Malik 08 March 2011
Employees will be the main sufferers as software, BPO firms evaluate their options following the government’s decision to end special status for these companies Within hours of the finance minister announcing the end of the Software Technology Parks of India (STPI) scheme and the...

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Anand Datla Anand Datla 07 March 2011
When the iPad was launched in 2010, Apple gave a boost to the tablet genre. The second generation iPad 2 helps consolidate Apple’s leadership in this space. Unfortunately, this move also reaffirms Apple’s shoddy treatment of the Indian market, where it has consistently sold obsolescence at a...

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Moneylife Digital Team 04 March 2011
Concerns over the wider disruption of supplies from OPEC countries could fuel further oil price increases, but at the same time improve realisations of oil companies in India which are reeling under under-recoveries Soaring prices of crude oil in the international markets due to the...

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India is recognised globally for its wealth of wisdom in alternative therapies like ayurveda and yoga. But tourism operators complain that not enough is being done to promote such wellness facilities In the late 60s, when The Beatles came to India, they visited Maharishi Mahesh Yogi's ashram...

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The discontinuation of the tax holiday on the STPI scheme and the extension of MAT to SEZs has dealt a double blow to  IT and ITeS industries In the 1917 work, The Silence of the Sirens, the great philosopher Franz Kafka writes-"Someone might possibly have escaped from their singing; but...

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Moneylife Digital Team 01 March 2011
Maruti Suzuki, Tata Motors and Mahindra & Mahindra record between 12% and 20% growth, two-wheeler makers Hero Honda, TVS Motor, Suzuki Motorcycle do even better, in a repeat of the January performance Indian auto makers are celebrating another month of better-than-expected sales, with major...

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Munira Dongre 01 March 2011
The paltry rise in general individual tax exemption limit was a blow; the rest of the Budget continues to lean more towards ‘populist’ than ‘reformist’, but the FM has successfully skirted outright criticism both ways The market is always right-after initially rising as much as almost...

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Yogesh Sapkale Yogesh Sapkale 01 March 2011
The move to remove tax sops with regard to SEZs seems at odds with the governmental policy and may spell the death knell for SEZs—once a hot favourite among corporates Special Economic Zones (SEZs), once the hot favourite of Corporate India (as well as politicians and bureaucrats) have been...

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Moneylife Digital Team 01 March 2011
Industry, analysts welcome clutch of proposals for housing for weaker sections and lower income group New Delhi:  The government has proposed a full tax rebate on affordable housing projects under a notified scheme, while also raising the ceiling of 1% interest subsidy on home loans up...

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Moneylife Digital Team 28 February 2011
Six paragraphs of the finance minister’s Union Budget speech were devoted to legislation and other steps to tackle corruption. Crusaders don’t believe the government has the will to follow cases to the end Following a year of national outrage over scams and the repeated raps from the...

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Moneylife Digital Team 28 February 2011
Pranab Mukherjee blames supply chain problems for rising food inflation, but announces long-term initiatives that will not resolve the problem of the aam aadmi quickly enough Finance minister Pranab Mukherjee has attributed galloping food prices to "shortcomings in distribution and marketing...

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Moneylife Digital Team 28 February 2011
Finance minister has hiked duty on iron ore export to 20% in order to restrict export and conserve resources. The duty increase would hurt Sesa Goa, the largest private exporter of iron ore from the country The finance minister today proposed to increase the export duty on all types of iron...

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Alekh Angre 28 February 2011
After finding the involvement of the company promoters in price-rigging, SEBI banned them from trading. However, questions are still being asked about Murli Industries’ accounting practices, where without taking on any fresh debt, its interest costs have doubled in the third quarter Murli...

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Moneylife Digital Team 25 February 2011
A uniform, simplified taxation system will benefit TV and newspaper businesses that have been growing fast through the launch of regional channels and editions When Union finance minister Pranab Mukherjee presents the Budget on Monday, media companies will be hoping that he will give them a...

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Sharad Matade 25 February 2011
ICVL, the joint venture between five State-owned companies, is also participating in the bidding process for acquisition of equity in some underdeveloped coal assets abroad International Coal Venture Ltd (ICVL) is reviewing several proposals for acquiring coal assets in Australia with a view...

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Sharad Matade 25 February 2011
Illegal mining of minerals has been impacting various industries as well as the country’s economy, and the amendment will strengthen the monitoring mechanism for end-to-end accounting of minerals produced, traded or exported, and consumed in India The government has amended Rule 45 of the...

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Debashis Basu Debashis Basu  and   Raj Pradhan Raj Pradhan 24 February 2011
In your desire to save tax, don’t buy a flawed product.  Debashis Basu & Raj Pradhan explore the tax-saving traps best avoided and reveal a right approach to save tax The period between January and March is the busiest one for life insurance companies. Lakhs of insurance agents...

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