ECONOMY & NATION


Sharad Matade 11 March 2011
Nippon Steel is reported to have tied up supplies from Anglo American at $330 a tonne for the next quarter, compared with the current $221. Indian steel producers are hoping that this is an exception and that prices will settle down Indian steelmakers' margins a likely to come under...

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Veeresh Malik Veeresh Malik 10 March 2011
While the rest of the world is increasingly moving towards buying smaller cars manufactured in India, Maruti Suzuki, India’s largest car maker, now feels the need to import old car models and sell them as ‘new’. Is this how customer loyalty should be rewarded? It is not very often that Maruti...

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Sharad Matade 10 March 2011
Prices of base metals—especially copper—were going up due to investment demand. In this quarter, buyers were restocking inventories, the market seems adequately supplied, and high prices are leading to a slowdown in Chinese demand Prices of base metals, particularly copper, have started...

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Shukti Sarma 10 March 2011
Experts believe that real estate prices have gone up so much within a short period that pressure is building for a correction, at least in some pockets. But there is a view that builders will not allow prices to come down as input costs have increased significantly With real estate prices in...

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Moneylife Digital Team 10 March 2011
The media darling has been wrong more often than right Nouriel Roubini, chairman and co-founder of Roubini Global Economics LLC, has been a media darling because of his dire economic predictions. But he has been wrong in the past two years. Now, the good professor has been forced to eat his...

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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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