ECONOMY & NATION


MDT/PTI 08 August 2012
The Centre's decision comes as a relief to the power-starved AP, where the gas-based power plants were functioning with a plant load factor of less than 30%   Hyderabad: Conceding Andhra Pradesh's demand, the Centre has decided to stop diversion of natural gas from Krishna-Godavari...

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MDT/PTI 08 August 2012
Bombay Dyeing Chairman Nusli Wadia said as per the HC order, the company needs to give part of its land to the government only when it finishes its FSI and starts using balance land   Mumbai: Textile major Bombay Dyeing has said the High Court order in May asking the company to hand...

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With the continuing and worsening situation in the power supplies, it has become important that coal imports are arranged now, so that the situation could improve over next few months     The last few days have witnessed a flurry of activity from Coal India (CIL) that shows the...

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MDT/PTI 08 August 2012
A section of Kingfisher Airlines' employees, including pilots and engineers are not reporting for work to protest non-payment of salary   Mumbai: Kingfisher Airlines on Wednesday cancelled over 30 flights from Delhi and Mumbai due to a strike by a section of its employees protesting...

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MDT/PTI 08 August 2012
While there is no guarantee of a MLM company's survival, the AITUC want these companies to provide PF, gratuity and other benefits to their employees   New Delhi: Several employees of multi-level marketing firms staged a protest in the capital demanding enactment of a Central law...

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MDT/PTI 08 August 2012
While CBI registered criminal cases involving Rs4,000 crore in 2011, cases regarding frauds worth Rs2,500 crore have already been registered from January to July this year     New Delhi: Losses suffered by Indian public sector banks in frauds nearly doubled to Rs3,780 crore in 2010-11...

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MDT/PTI 07 August 2012
Shiv Sena chief Bal Thackeray said if LK Advani has any doubts, he can come to Matoshree to get a dose of ‘moral’ and ‘strength’ from him   Mumbai: Slamming Bhartiya Janta Party (BJP) leader Lal Krishna (LK) Advani for predicting a non-BJP, non-Congress Prime Minister in 2014, Shiv...

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 The company has blamed its problems on a liquidity crunch because of a sharp decline in ad spends. However, every lender is re-examining loans extended against equity shares as well as the group’s other borrowings IFCI Ltd, a financial institution, is not known for quick action to...

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MDT/PTI 07 August 2012
As per the new schedule given by Times Internet, the agency which will operate the auction process, the bidding for the airwaves for the telecom spectrum can be started only by early November   New Delhi: The Indian Government may request the Supreme Court to extend the deadline for...

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MDT/PTI 07 August 2012
China's corporate debt-to-GDP ratio stood at 107% in 2011, the highest in the world as large Chinese companies' debt burden is increasing after 2008   Beijing: Cautioning China's corporate debt ratio has reached a 'dangerous' levels, experts have warned against any stimulus measures...

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Moneylife Digital Team 07 August 2012
 State governments’ fiscal rectitude, with the notable exceptions of West Bengal, Kerala and Punjab, stands in stark contrast to New Delhi’s profligacy, says BNP Paribas equities research report     Much attention has been focused on the inability of the government to manage its...

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Moneylife Digital Team 07 August 2012
CRISIL Research cited adverse impact of rainfall deficiency and worsening Eurozone outlook for the downgrade   CRISIL Research has cut India’s real GDP (gross domestic product) growth forecast for 2012-13 to 5.5% from its earlier forecast of 6.5%. The downward revision in India’s...

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Jesse Eisinger  and   Jake Bernstein (ProPublica) 07 August 2012
Hedge fund Magnetar and Wall Street banks created $40 billion of CDO deals. The emails show how they did it As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against....

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MDT/PTI 07 August 2012
The consortium had won the mining rights for three iron ore mines in the war-ravaged country in November last year through an international bidding. The three blocks are said to contain 1.28 billion tonnes of rich reserves   New Delhi A SAIL-led consortium of leading Indian steel and...

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MDT/PTI 07 August 2012
Wockhardt recently concluded divestment of its nutrition business to Danone and received Rs1,280 crore, which it plans to use to repay Rs200 crore to its FCCBs holders and exit CDRs   Mumbai: City-based Wockhardt, which reported a 95% jump in net profit in the June quarter, said it...

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MDT/PTI 07 August 2012
According to the ratings agency, RBI's caution on interest rate cuts and high EMIs will continue to be a deterrent for potential home buyers   Mumbai: Indian real estate sector faces a negative outlook in the second half of the year mainly due to sluggish demand, high construction...

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MDT/PTI 07 August 2012
Saab, the Swedish carmaker filed for bankruptcy in December after its attempts to raise funds in China were thwarted by GM, which had previously owned Saab and refused a transfer of patents needed for the Chinese deal to go through   The Hague: Dutch carmaker Spyker said it has filed...

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MDT/PTI 06 August 2012
A consortium led by Siemens Vai Metals Technologies, SEW Infrastructure and Mukand Engineers would develop basic oxygen furnace converter for steelmaking for NMDC   Mumbai: Siemens India said it received an order worth 290 million euros from state-run National Mineral Development Corp...

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It is very easy to talk high flying concepts at conferences, however, much of the intended strategies are not implemented and that is something that conference organizers must take notice of with regard to financial inclusion and/or microfinance The Sa-Dhan FICCI Financial Inclusion...

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MDT/PTI 06 August 2012
The steel producer said its profits fell mainly due to higher input costs and forex fluctuations   New Delhi: State-run Steel Authority of India Ltd (SAIL) on Monday reported a 18% dip in net profit at Rs696 crore for the first quarter ended June 2012 on account of higher input costs...

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