ECONOMY & NATION


Rahul Sonthalia 26 April 2011
Silver has risen to an all-time high, immediate delivery prices are up 5.4% at $49.79/ounce, surpassing the previous high of $49.45 in 1980. But as global analysts predict, this rally may not sustain—and a correction could be on the cards There is a very interesting theory in financial...

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Shukti Sarma 25 April 2011
MMTC’s plan to launch its own jewellery brand comes at a time when Indian jewellers are waking up to the potential of branded jewellery, but will the dream bear fruit? The government undertaking Minerals and Metals Trading Corporation of India Ltd (MMTC), which is the biggest bullion trader...

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Analysts expect more churn and consolidation on the road ahead in the Indian IT industry as companies rediscover themselves or reinvent to sustain growth and remain competitive The acclaimed British leader (and great orator) Winston Churchill had said, "however beautiful the strategy, you...

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Moneylife Digital Team 21 April 2011
For the full fiscal, RIL's net profit grew 24.9% to Rs20,286 crore while its total turnover increased 29% to Rs258,621 crore Reliance Industries Ltd (RIL) on Thursday reported a 14% rise in its standalone net profit on higher gross refining margin (GRM), which increased to $9.2 per barrel...

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Moneylife Digital Team 21 April 2011
During the year, refined zinc production was up by 23% at 7.12 lakh tonnes, while silver production was higher at 1.79 lakh kilogram Hindustan Zinc, a Vedanta Group firm, has reported a 42.96% jump in its net profit at Rs1,771.27 crore for the quarter ended 31 March 2011 from Rs1,238.99 crore...

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Moneylife Digital Team 21 April 2011
Brokerages estimate good growth in volumes and revenues for steel producers in the January-March 2011 quarter; warn surge in coking coal prices may hurt margins Improved realisation and volumes, and increased prices are likely to drive steel companies' earnings in the fourth quarter,...

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Moneylife Digital Team 21 April 2011
Top software services exporter reports better than expected results, on rising demand from western clients. But stock price dips on weakness in IT segment  Tata Consultancy Services (TCS), the country's largest IT software services exporter, today announced a 31.1% y-o-y increase in...

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Sucheta Dalal Sucheta Dalal 21 April 2011
Relationship between business and politics lacks transparency Rajeev Chandrasekhar, businessman and member of Parliament said recently that the relationship between business and politics (or government) in India, suffers from “haziness, lack of transparency and general shadiness.” He said...

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Google’s influence is greater than that of Microsoft, Coke or Walmart—it is the most valuable global brand Even as one was tweeting away joyously about India’s measured victory in the quarter-finals of the World Cup against Australia, an equally chirpy seven-year-old lad interrupted—“Uncle,...

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Moneylife Digital Team 20 April 2011
Company’s IPO prospectus says it cannot compare the promise and performance of Galaxy Entertainment because it does not have the IPO records of Galaxy which are legal documents. Still, SEBI has cleared the Future Ventures’ prospectus, unaware of the irony Future Ventures India Limited, the...

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Moneylife Digital Team 20 April 2011
Swan Telecom director Vinod Goenka, Unitech Wireless (Tamil Nadu) managing director Sanjay Chandra, and three top officials of Reliance ADAG Gautam Doshi, Surendra Pipara and Hari Nair taken to Tihar Jail after Special Court concurs with CBI that they could hinder the smooth progress of...

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Moneylife Digital Team 20 April 2011
Net profit in fourth quarter grows 62% to Rs516 crore on lower bad loans provisioning and higher interest income; RM Malla, chairman and managing director, sets 40% growth target for retail deposits IDBI Bank will continue to increase the corporate loan business, but focus more on the retail...

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Sucheta Dalal Sucheta Dalal 19 April 2011
The only woman director on the board of Infosys Technologies quit last year, and the usually politically-correct company does not have a single woman on the board of the company or its subsidiaries It is considered to be a company with the highest standards of corporate governance, best...

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Moneylife Digital Team 19 April 2011
TV Mohandas Pai quit because of internal squabbles and not, as he said, because he wants to serve the country. Moneylife pieced together the picture from circles close to the company Given that the wealth of all its promoters remains substantially locked in the company, team Infosys puts on...

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Moneylife Digital Team 18 April 2011
The state power regulator also orders Anil Ambani group company to make a fresh bid for licence to distribute power in Mumbai suburbs In another major setback to the Anil Ambani group company Reliance Infrastructure (RInfra), the Maharashtra Electricity Regulatory Commission (MERC) has...

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The IMF says growth and recovery is taking root in global markets, but it advises financial policymakers to be cautious as high unemployment, rising commodity prices, inflation and increasing oil prices could slow growth in the medium term The International Monetary Fund (IMF) in its annual...

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Moneylife Digital Team 15 April 2011
Nomura Research and Sharekhan describe strong recovery in profitability in January-March 2011; point to correction on reduced demand as peak season closes Indian cement companies are expected to register a strong recovery in profitability in the fourth quarter of FY2010-11 on the back of surging...

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Moneylife Digital Team 15 April 2011
Slower-than-expected 13.6% growth in net profit by country’s No.2 software exporter and its lower-than-anticipated earnings forecast worries markets. Company announces resignation of TV Mohandas Pai; appoints Ravi Venkatesan, former Microsoft India chief, as additional director Infosys...

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Moneylife Digital Team 14 April 2011
Two years after the introduction of the extra FSI scheme that was subsequently struck down in court, builders are concerned that the Maharashtra government does not appear keen to resolve the matter With the issue of additional floor space index (FSI) for constructions in suburban Mumbai...

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Moneylife Digital Team 13 April 2011
The gold loan company has fixed the price band for its upcoming IPO at Rs160-Rs175 and said the proceeds from the issue will improve its capital adequacy Gold financing company Muthoot Finance plans to expand its presence in northeast Indian states, by setting up more branches there soon.

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