ECONOMY & NATION


Moneylife Digital Team 23 June 2011
Rating agency expects toll revenues to grow by 20% in 2011-12; positive impact on ratings of toll road projects in the short term If rising food prices and loan rates are not enough to shake your budget, prepare to spend more on account of higher road toll tax. Rating agency, Crisil has...

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Moneylife Digital Team 22 June 2011
If you want to invest Rs10 lakh and above in a fixed-income product, consider listed corporate bonds. Some safe ones can yield returns as high as 12% With interest rates shooting up, bank fixed deposits are attractive now. For the more adventurous, there are corporate fixed deposits,...

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Moneylife Digital Team 22 June 2011
Research suggests growing economic, commercial activities and price stability is attracting big developers to cities like Surat, Nagpur, Bhopal, Jaipur and Coimbatore. Estimates sales of Rs180 million in ten such cities in 2012 A recent report released by CRISIL Research, titled 'Real(i)ty...

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Moneylife Digital Team 22 June 2011
Due to the ban on exports, the country has excess stock of cotton and prices are falling. However, due to sluggish demand in domestic as well as overseas markets, the textile industry is suffering In our earlier articles (Slowdown spreading across all core sectors in India: ) and (Sluggish...

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Experts say it is too optimistic to hope that FDI will curb inflation which is the outcome of restrictive laws, poor infrastructure and wastage The chief economic advisor to the government and the National Planning Commission have said that allowing foreign direct investment (FDI) in retail...

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Moneylife Digital Team 21 June 2011
The onset of the monsoon has led to decrease in demand from the construction industry, which has dampened the demand for cement. The hike in interest rates has also affected realty sales, which are already at unaffordable highs The onset of the monsoon has led to decrease in demand from...

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The subsidy burden has affected the valuations of state-run oil companies and consequently the interests of shareholders. The government must implement the recommendations of the Kirit Parikh Committee to completely decontrol prices of petrol and diesel immediately, as well as remove the burden...

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Moneylife Digital Team 20 June 2011
The Indian economy is considered to be driven by domestic demand. However, during FY2011, eight core industries—coal, crude oil, natural gas, petroleum & refinery products, fertilisers, steel, cement and electricity, registered a growth of 5.72% against 6.64% a year ago, mainly due to sluggish...

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The big increase in prices of hard liquor and beer has given a fillip to wine sales in Maharashtra. After struggling for over two years, wine producers are seeing a 30% jump in demand, mainly from the younger generation Hard liquor's loss is the wine industry's gain. A couple of months after...

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With the RBI tightening its grip, inventory piling up and decreased sales, expect a drop of 20% or more in real estate prices The RBI's (Reserve Bank of India) Financial Stability Report, released a couple of days back, has tightened the noose around the realty sector's neck. The RBI has said...

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Moneylife Digital Team 16 June 2011
ANZ’s Mumbai branch will initially support corporate and institutional banking clients in India and ANZ’s network clients looking to do business in the market, considering that India has now become Australia’s fourth-largest export destination, driven by rapid economic growth and demand for...

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Moneylife Digital Team 16 June 2011
The Reserve Bank of India raises repo rate and reverse repo rates by 25 basis points. This is the 10th time that the central bank has hiked key policy rates since March 2010 The Reserve Bank of India (RBI) raised interest rates on Thursday for the 10th time since March 2010, saying it would...

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Moneylife Digital Team 16 June 2011
This is the 10th time that the central bank has hiked its key rates since March 2010 in its endeavour to deal with high inflation The Reserve Bank of India (RBI) in its mid-quarter monetary policy review has hiked the repo (short-term lending) and reverse repo (short-term borrowing) rates by...

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Moneylife Digital Team 11 June 2011
Through this deal, Bharti has exited the business in both Bharti AXA Life Insurance and Bharti AXA General Insurance Reliance Industries has made its entry into the insurance business by agreeing to buy Bharti's 74% stake in its life insurance business Bharti-Axa. Through this deal, Bharti has...

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Moneylife Digital Team 08 June 2011
Pune tribunal favours individual investors in distinction between business transaction and investment transaction. However, this matter will continue to be decided by the assessing officer on a case-by-case basis The Income-Tax Appellate Tribunal (ITAT) in Pune has held that a...

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Pratibha Kamath  and   N Madhavan 08 June 2011
For the March 2011 quarter, 107 mega-cap companies in the Moneylife sample recorded sales growth of 23% overall, but only an 11% growth in profit, due to rising costs Mega-cap companies (defined as those with more than Rs10,000 crore market capitalisation) recorded a sales growth of 23%...

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Pratibha Kamath  and   N Madhavan 07 June 2011
Organisations with market capitalisation between Rs2,000 crore to Rs10,000 crore posted net profit growth of 35% over the March 2010 quarter—with aggregate net profit at Rs13,690.52 crore For the March 2011 quarter, we analysed a total of 1,300 companies, out of which 1,211 have announced...

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The EGoM meeting that was scheduled on Thursday to decide on increasing diesel and LPG prices has been cancelled. Has the government deferred a decision on the hike to avoid fuelling anger that was set off by the midnight crackdown on anti-corruption protest led by Baba Ramdev? The Empowered...

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Pratibha Kamath  and   N Madhavan 06 June 2011
India’s exports and imports are booming but Indian shipping companies are hardly doing very well. Shipping was the worst-performing of the 29 sectors Moneylife tracks in sales, operating profit and net profit Out of the 29 major sectors (out of 49) which are tracked by Moneylife in its...

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A leading credit rating agency recently introduced real estate ratings, which would benefit the rating agency as well as builders. But what is in it for home buyers, who rely on such ratings and risk their money? In the absence of a regulatory framework for the real estate sector, the rating...

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