ECONOMY & NATION


Installing set top boxes in each cable viewing household is a precondition for digitalisation and even a fortnight before the 30th June, it was estimated that only 30% of households had acquired STBs   New Delhi: The government has deferred the digitalisation of cable TV services in...

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Maharashtra sells thermal power to industry and commercial units at Rs8-Rs12 per kWh, while solar power prices have dropped to Rs7 per kWh   Frenetic bidding for solar projects have brought down feed-in tariffs to just Rs7 per unit (or kWh), Union minister for renewable energy Farookh...

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Fitch said while banks continue to have reasonable customer deposit base, domestic franchises and adequate capital, the NBFCs lack the funding advantage, which puts them more at risk during times of increased market volatility   New Delhi: Ratings agency Fitch on Wednesday cut credit...

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Moneylife Digital Team 19 June 2012
Canadian research firm Veritas charges that RCom is entering a phase of maximum uncertainty. The company calls the report mala fide. The latest bombshell of a research report on Reliance Communications (RCom) by Canada-based Veritas Investment Research titled, "A House of Cards", alleges...

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Moneylife Digital Team 19 June 2012
The independent researcher applies an innovative 50% “governance discount” to the intrinsic value of Rs30 Reliance Communications Ltd (RCom) the crown jewel of Anil Ambani (if there is indeed any such jewel in his crown of thorns) should be valued at just Rs15, against the current market...

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Moneylife Digital Team 19 June 2012
The SIDBI (Amendment) Bill, 2012, would streamline procedure for loan recovery and also seek to confer power upon the SIDBI board to specify investment limit for small units   The Small Industries Development Bank of India (SIDBI) will be able to take speedier action against...

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  Last year, the tribunal had directed DoT to allot start- up 2G spectrum of 4.4 MHz to Tata Teleservices in Delhi and 39 other places, which the DoT has not yet done New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Monday issued notice to the union...

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  While the PMO is slated to convene a meeting on Friday to iron out issues in the pact, mainly the penalty clause, Coal India has inked fuel supply agreement (FSA) with several power units New Delhi : State-owned Coal India Ltd (CIL) has entered into fuel supply agreements with 27...

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  In the last 2 years there have been price increases but this year due to surplus availability there is very little chance of a hike, Amul said New Delhi: The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and dairy products under the Amul brand, is unlikely...

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  Lloyds has bought 23.1 lakh shares in Essar Energy at an undisclosed price, taking the total to 9.32 crore shares London: British entity Lloyds Banking Group on Monday said it has raised stake in Essar Energy to 7.14% after purchasing additional shares, reports...

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  Henkel India shareholders will get 1 share of Jyothy Labs for every 8 shares subject to adjustment for impending issue of bonus shares in the ratio of 1:1 by Jyothy Labs New Delhi: Fast-moving consumer goods (FMCG) company Jyothy Laboratories (JLL) on Friday said its board has...

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  GE, which already has a wind turbine assembly unit in Pune, will invest a cumulative amount of $200 million in building new manufacturing facility at MIDC Industrial Park at Chakan near Pune New Delhi: GE India on Friday said it would invest nearly Rs1,100 crore (about $200...

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  Larsen & Toubro's Construction unit received orders from Bajaj Infra and Power Transmission & Distribution in the Middle East New Delhi: Engineering major Larsen & Toubro (L&T) on Friday said its construction unit has won orders valued at Rs1,076 crore during April-June quarter of...

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  “The marriages that took place after 1 April 2012 would be covered under the programme,” CM Manohar Parrikar said. “The scheme will cost Rs150 crore annually,” he added   Panaji: The BJP-led government's flagship “Ladli Lakshmi” scheme, under which Rs1 lakh would be given to...

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  Hiring activities would continue to be robust in three months ending September, according to global HR firm Manpower   New Delhi: Notwithstanding economic uncertainties, India has emerged as the most optimistic nation in terms of hiring prospects for next three months, primarily...

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  Mukherjee, the trouble-shooter for the UPA government, is the nominee for President, however, two of UPA's main allies, Trinamool Congress and Samajwadi Party did not attend the meeting called by Sonia Gandhi New Delhi: Finance Minister Pranab Mukherjee on Friday was chosen by the...

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During May, vegetable prices recorded the maximum spurt in prices up by 26.59%, followed by edible oils - 18.21% and milk products - 13.74%   New Delhi: Retail inflation moved up marginally to 10.36% in May on account of increase in prices of vegetables, edible oils and milk, reports...

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The High Court said such committees should be formed to clear proposals, where existing old properties are to be redeveloped on small parcels of land in Coastal Regulation Zone or CRZ   Mumbai: Taking a serious note of the delay in clearing redevelopment projects, the Bombay High...

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Gross collection of personal income tax during April-May 2012  was up by 10% to Rs27,884 crore   New Delhi: The gross direct tax collection grew marginally by 3.62% to Rs52,232 crore in the first two months of the current fiscal, reports PTI. The gross realisation from direct tax...

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As per a deal reached between Goldman and Gupta before the trial, the latter would have to reimburse the bank for the legal fees advanced to him if found guilty   New York: Financial services firm Goldman Sachs has paid a large chunk of the nearly $30 million legal fees for its former...

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