ECONOMY & NATION


Munira Dongre 09 February 2011
Missing power targets could be the least of power generation companies’ worries—managing to sell power and securing coal could be bigger issues It is not new for India to miss its power capacity addition targets. Nor is it new for it to miss even targets that have been revised downwards. We...

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Oil prices edged down on Tuesday as transit through the Suez Canal remained unaffected by the political turmoil in Egypt. Read Article...

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Shukti Sarma 07 February 2011
In a major positive development for the Indian TV distribution space, the I&B Ministry has given its approval for the TRAI recommendations and proposed a revised schedule for digitisation of cable distribution in the country The information and broadcasting ministry has accepted the Telecom...

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Sharad Matade 07 February 2011
Even after receiving the clearance from the environment ministry, the challenges before the South Korean steel giant to set up a plant in India are far from over Posco India Pvt Ltd, the unit of South Korean steel giant, is likely to face fresh agitations from activists who say that they are...

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Moneylife Digital Team 07 February 2011
Despite its rapid expansion and big-ticket deals, Gitanjali Gems’ financials and stock movement is nothing to write home about Gitanjali Gems Limited, a manufacturer and retailer of diamonds & jewellery, has been trying to expand its business horizon, with a number of overseas acquisitions and...

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Sharad Matade 07 February 2011
Company’s profit margins have been under pressure on account of surging coking coal prices JSW Steel, India's third largest steel producer, has increased its product prices by around 6%, a senior official of JSW Steel told Moneylife. This is the second price hike by JSW in five weeks and comes...

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Yogesh Sapkale Yogesh Sapkale 04 February 2011
Mobile number portability may not be a game changer for the industry, but it could affect margins of mobile operators trying to lure subscribers with free talk-time The much-touted and awaited mobile number portability (MNP), which allows a subscriber to change the operator while keeping the...

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Shukti Sarma 04 February 2011
The domestic retail sector has the potential to grow to a $260-billion market. But with haphazard planning and bad governance, availability of land has become a big issue Lack of availability of space for retail locations has emerged as a big issue. According to a white paper published by The...

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Shukti Sarma 03 February 2011
In the absence of a macro-economic framework to stabilise prices, experts believe that big retailers can help to arrest prices through competition, while also generating more jobs The debate over foreign direct investment (FDI) in key sectors continues. And at the top of the push cart is the...

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Moneylife Digital Team 03 February 2011
Records good growth across geographies; strong operating performance  New Delhi: Wockhardt Limited has posted a consolidated net profit of Rs141.67 crore for the third quarter ended 31 December 2010. The company had recorded a net loss of Rs181.23 crore in the corresponding period a year ago,...

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Sharad Matade 02 February 2011
Aluminium also edges higher, signalling better-than-expected recovery in the US, Europe and continuing Chinese demand Prices of base metals, mainly copper, are likely to continue to climb on rising demand, which is seen as an indication of a recovery in the US and European economies, and a...

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Moneylife Digital Team 02 February 2011
 JSW, Essar expected to increase prices too, as coking coal prices continue to climb on reduced supplies State-owned Steel Authority of India (SAIL) has increased the prices of long and flat products by Rs1,000 to Rs3,000 a tonne, effective 1st February, a SAIL dealer in the Western region...

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Moneylife Digital Team 02 February 2011
The CBI has arrested DMK MP and former telecom minister A Raja and his two close associates in the 2G spectrum allocation scam The Central Bureau of Investigation (CBI) on Wednesday arrested former telecom minister A Raja and his two of his associates in connection with funding and allegedly...

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Moneylife Digital Team 02 February 2011
International consequences and impact on India will be more severe if situation deteriorates; other companies prefer to wait and watch for the situation to unfold Marico and Dabur have temporarily shut down their units in Egypt and trade between the two countries has been disrupted following...

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Moneylife Digital Team 02 February 2011
Although Airtel's net profit fell during the third quarter, its flat ARPM indicates a stable tariff environment in the Indian telecom industry Bharti Airtel Ltd, India's largest telecommunications company, today reported a 41% dip in third quarter net profit mainly due to re-branding cost,...

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Moneylife Digital Team 01 February 2011
Allaying fears of a slowdown, automakers have reported a steady growth in sales in January 2011. But the stock market does not seem as happy, as the BSE auto index fell 2.8% along with the rest of the market today Auto sales are expected to slow down this year after the record 30% growth in...

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Sharad Matade 31 January 2011
The long-delayed clearance for the country’s biggest foreign direct investment project will give a boost to other infrastructure projects Posco, the world's third largest steelmaker, was today given a conditional clearance by the environment ministry for a greenfield plant in Orissa that has...

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Veeresh Malik Veeresh Malik 29 January 2011
As both ends of the Suez Canal have come under curfew, how does the shipping industry cope? Egypt boils over, after Tunisia did a few weeks ago, and the Suez Canal Authority is offline. Curfew has shut down both ends of the Suez Canal and reports coming in from shippie friends suggest that...

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Sharad Matade 28 January 2011
Steelmaker cites rising input costs and increased cost of production for this proposed move; the company will also pass on the hike to consumers JSW Steel Limited, India's third-largest steel producer, will increase its product prices in the next month in the wake of rising input costs, a...

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