ECONOMY & NATION


We have seen how over 99% of plastic, Internet and electronic money transactions in India by Indians are purely domestic. When will we finally get into this industry? Sure, State Bank of India has its own credit card. As do a variety of other banks, shops, airlines, oil companies — even the...

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Sucheta Dalal Sucheta Dalal  and   Debashis Basu Debashis Basu 21 July 2010
S Sridhar, CMD, Central Bank of India and chairman of the National Housing Bank, talks to Moneylife editors Sucheta Dalal & Debashis Basu on the vision that he has for NHB, and the need to free up housing finance for the underprivileged. This is the second part of a three-part series Sucheta...

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Moneylife Digital Team 21 July 2010
Oil minister Murli Deora flew into the Vietnamese capital today with heads of blue chip Indian oil firms to lay a claim with Hanoi on BP's stake in two offshore gas fields — a pipeline and power project. With BP Plc looking at selling interest in some fields to fund its the Gulf of Mexico...

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The first quarter of this fiscal witnessed Rs1.93 lakh crore worth of trading, up 174% from the Rs70,868 crore seen in the year-ago period During the first quarter of this fiscal (April-June 2010), companies raised as much as Rs61,344 crore via corporate bonds, up 33% from the Rs46,287...

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Moneylife Digital Team 02 July 2010
The State also plans to move against PepsiCo for alleged environmental violations—including polluting of groundwater and over-consumption of water—in one of its factories in Kerala India finally seems to be becoming more aware of environmental issues being caused by major multinational...

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The UP sugar industry is likely to incur loss of Rs600 per quintal due to falling sugar prices and over-production With the concerns of higher production and low recovery of cost, the Uttar Pradesh (UP) sugar industry is set to reel under heavy losses this year. The State has paid the highest...

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As the company’s flagship businesses show no signs of turning around, shareholders are nursing losses for over three years, since the shares got listed It's three years now and the shareholders of ibn18 Broadcast Ltd are nursing a loss on their investments having invested in a glamorous stock...

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Sucheta Dalal Sucheta Dalal 15 June 2010
The neta-babu class seems to have patented the drag-&-dilute technique of burying a scandal When death came to Bhopal a quarter century ago, it was at least indiscriminate in picking its targets. It is only when our netas and babus got into the act that they ensured that those who were...

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The company is looking at acquiring a copper mine in Australia and has plans to revive the defunct company Mt Gordon Copper Operations Asia's largest aluminium producer, Hindalco, is eyeing a copper mine in Australia. "Our objective is to get 40% of our need for copper concentrates from our...

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A look at the commercial vehicles segment, what makes it click and the financial challenges that it faces The commercial vehicle market in India has traditionally been divided into approximately three wide segments, for purposes of technical demand-supply equations, as well as financial...

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Moneylife Digital Team 02 June 2010
As the online trading platforms on NSE and BSE are unable to generate huge volumes, SEBI has called for a high-level meeting with bank-sponsored MFs and bank officials Don't be surprised if the next time you walk into a bank and you are asked to open a demat account if you wish to invest in a...

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The group is now approaching local real-estate agents to sell its properties at Lodha Aqua, its high-priced project in suburban Mumbai The Lodha group, which was selling its ‘Lodha Aqua’ (near Dahisar, suburban Mumbai) property exclusively through invitation, has now climbed down and is...

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Hollywood is increasingly knocking at the doors of Indian animation studios, but the industry is suffering from high tax rates, dearth of talent and lack of international focus Indian animation studios are doing a lot of work for Hollywood productions. But why is the Indian animation industry...

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Hindustan Unilever (HUL) and Procter & Gamble (P&G) India have been washing each other’s dirty linen in public for quite some time now. But, as the dust settles down in this no-holds-barred clash between the two multinationals, some interesting facts are emerging out of the whole...

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Sanket Dhanorkar 28 April 2010
Average daily trading volumes in the Indian currency market have shown a significant jump; they may eventually outgrow volumes in equity derivatives A dramatic shift is currently underway in the financial market scene in India. The currency futures segment, which was only introduced two...

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Moneylife Digital Team 21 April 2010
The United Stock Exchange hopes to hit the ground running with its currency futures offering. It would be an uphill battle against two established rivals, MCX and NSE, especially since NSE has made a predatory move in making membership free Newly established stock exchange, the United...

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Moneylife Digital Team 15 April 2010
In yet another case of a regulator’s stance being thrown to the winds, HDFC has decided to ignore the Reserve Bank of India’s observations on teaser loans Moneylife had earlier reported (see here) on how the RBI has repeatedly expressed its displeasure over teaser rates, saying that these...

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Ravi Samalad 14 April 2010
Unable to expand through a combination of advertising and selling through national distributors, the fund house is empanelling smaller distributors now Fidelity Fund Management Private Ltd, the US fund management major which launched its India operations in 2005, was so far following a...

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Debashis Basu Debashis Basu  and   Pallabika Ganguly 01 April 2010
The Unilever CEO believes that HUL is still the lion in several categories. He is living in his own world. Over the past decade, HUL has repeatedly tried and failed in a large number of new businesses, which makes it look like an also-ran A few days back, the chief executive officer of...

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Amritha Pillay 31 March 2010
GMR acquired power utility InterGen, based in the Netherlands, at a transaction worth $1.10 billion in 2008. Two years later, not much financial information is available about the acquired company in the public domain GMR Infrastructure’s overseas acquisition of InterGen NV in 2008 was touted...

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