ECONOMY & NATION


Yogesh Sapkale Yogesh Sapkale 13 December 2010
Although the ADA group company does not see a 'tariff war' in 3G services, the launch of broadband services by Reliance Infotel will be the most important factor in determining the tariffs for high-speed data services Telecom services provider Reliance Communications (RCom), which launched its...

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Munira Dongre 13 December 2010
Research reports have suggested that there could be a fall in power demand, resulting in a surplus power scenario in India in a few years from now. But is this happening sooner than expected? Overall power generation in November this year was up by 5% year-on-year to 62.5 billion units, but...

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Shukti Sarma 13 December 2010
Medha Patkar insists that a project without environment clearance cannot be allowed to go ahead After saving the Nav'is of Pandora, James Cameron was in India, talking about his desire to help Bollywood make 3D films. What better place for him to be at, than the plush Lavasa township, the...

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Shukti Sarma 10 December 2010
Encouraged by the positive growth indicators in India, foreign brands as well as some domestic names which were laid low in the past couple of years, are looking to jump back on the store shelves A host of well known brands that were either struggling to get a foothold in India, or were lying...

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Munira Dongre 10 December 2010
From its meeting with CEOs and CFOs of 13 financial companies recently, HSBC has found there's a consensus that liquidity will ease only after April 2011; Basel III, IFRS are key variables for 2013; micro-finance losses are tangible; there are no worries over bribery cases or the 2G scam HSBC has...

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Moneylife Digital Team 09 December 2010
The Tata group chief has replied to the open letter written by promoter of BPL Mobile and Rajya Sabha MP in a very hard-hitting manner, something unheard of from the group. But in the end, Mr Tata has also pulled the BJP-led NDA regime into the 2G spectrum allocation controversy Industrialist...

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Sharad Matade 09 December 2010
There hasn’t been much change in the demand, but increasing raw material costs is putting pressure on steel producers to hike prices Indian steel makers may go for another price hike as surging raw material--iron ore and coking coal-prices will pressurise steel mills to increase product...

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Sucheta Dalal Sucheta Dalal  and   Debashis Basu Debashis Basu 08 December 2010
Ispat Industries has failed to live up to every commitment it made as part of the corporate debt restructuring package so generously approved by lenders in 2003. Will the lenders now act as they would if it were a small business they were dealing with?  Ispat Industries Ltd (IIL), which finds...

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Sharad Matade 08 December 2010
Last month, the Centre appointed a commission to probe into illegal mining of iron and manganese ore. But it is strange that worse activities in the coal industry are going on unhindered The Centre has appointed a commission to probe into the illegal mining of iron and manganese ore in various...

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Alekh Angre 08 December 2010
Not so long ago, wine producers believed they could expand the market in India significantly. It has quite turned out that way as demand is sluggish and they are burdened with unsold stocks Four years ago, wine producers dreamed of expanding the growing interest in wine in the country. Today,...

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Moneylife Digital Team 07 December 2010
Ispat Industries’ spokesperson writes to Moneylife denying closure of Nagpur plant due to cash crunch. However, the company has yet to give current production details Over the past few days, Moneylife has reported that Ispat Industries, faced with a massive cash crunch, has been forced to shut...

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Sanket Dhanorkar 07 December 2010
With SBI announcing a whopping 100bps increase in deposit rates, will the banks engage in an all-out war for deposits? High margins and tight liquidity may soon be a thing of the past The days of fat profit margins and dearth of liquidity may be a thing of the past for the Indian banking...

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Munira Dongre 06 December 2010
Enam estimates private consumption will soar to $3.6 trillion by 2020 from the current $790 billion; median household income will rise to $8,000 per annum from the current $3,400; and 40% of Indian households will be in the middle and upper middle classes In a detailed report released late...

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Yogesh Sapkale Yogesh Sapkale 06 December 2010
Phone companies deduct heavy roaming charges for data services, even within the recently unified circles, and without any prior information or intimation, in an apparent violation of a recent DoT order As telecom firms gear up to rollout 3G advanced services that would facilitate faster...

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Debashis Basu Debashis Basu 03 December 2010
Cash-starved, mismanaged Ispat Industries has four bidders; but will ‘Ispat-friendly’ institutions step in to force a change in control? Ispat Industries, which has been in dire straits for many years and has merely stayed afloat thanks to the combined largesse of financial institutions IDBI,...

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Moneylife Digital Team 03 December 2010
State-run NTPC said its wholly-owned subsidiary NTPC Vidyut Vyapar Nigam Ltd has appointed Anil Agarwal as its chief executive officer (CEO). Mr Agarwal joined NTPC as executive trainee in 1977. He brings with him vast experience in the area of contracts. He has been associated with contracts...

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Shukti Sarma 03 December 2010
As the small English language television channel segment gets more fragmented, it will be a long time before any of the numerous players turn profitable It's a long list of competitors that are slugging it out in the general entertainment channels segment; and one more name just got added to...

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Munira Dongre 03 December 2010
Cement sales in November were 19% lower month-on-month for seven cement players that make up half of the industry capacity. According to CLSA, some of the key reasons were inventory build-up, a prolonged monsoon and no major pick-up in infra projects. It expects cement prices to slip lower The...

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Moneylife Digital Team 02 December 2010
In the absence of strong legal provisions, top bank officials are allowed to go unchallenged even as murky dealings and irregularities surface. Is the present system really so hapless in nabbing the white-collar culprits, or is it a case of conveniently sweeping the dirt under the...

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Debashis Basu Debashis Basu 02 December 2010
In a brazen attempt at preventing its loan from being classified as a non-performing asset, the State Bank of India has just sanctioned Rs130 crore to Ispat Industres, adjusting Rs30 crore against earlier dues! Yesterday Moneylife wrote how an acute cash crunch has forced Ispat Industries to...

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