ECONOMY & NATION


Alekh Angre 30 November 2010
About 30-40% of the grape crop is estimated to have been damaged in grape-growing areas of Maharashtra, compounding the wine industry’s problems Unseasonal rain showers have damaged crops in many parts of Western India. Much of this loss has been in Maharashtra where onions, soybeans and grapes...

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Alekh Angre 30 November 2010
After slipping back over the past couple of years, the tourism industry is seeing a turnaround with a significant growth in foreign tourist arrivals this year. And the industry is expecting it will get still better this season The tourism industry is expected to bounce back this year, after...

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Moneylife Digital Team 25 November 2010
Real estate valuations are opaque and the government had openly supported the sector after the financial crisis. The current real estate scam is the outcome of these two factors, say experts The arrest of eight officials from public sector banks and financial companies for allegedly taking...

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Moneylife Digital Team 24 November 2010
LIC Housing Finance and banks are suspected to have given fake loans to individuals which landed in the accounts of a few builders. The deals were supposed to have been arranged by FII-funded Money Matters Financial Services Following the raids by the Central Bureau of Investigation (CBI) on...

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Moneylife Digital Team 24 November 2010
Money Matters Financial Services Ltd. which raised Rs445 crores in November from four top foreign investors, has been under a CBI raid since last night Money Matters Financial Services Ltd. (MMFSL), a Mumbai-based non-banking finance company (NBFC) was raided by a large team of officials from...

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Moneylife Digital Team 23 November 2010
The diversified company had put too much on the line with its ambitious cement foray, hurting its profitability. The proposed sale will give it some room to breathe Nagpur-based diversified company Murli Industries Limited (MIL) is close to offloading its cement division to Mexico's Cemex, the...

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Moneylife Digital Team 23 November 2010
Property advisors and researchers say residential property sales are slipping in the commercial capital due to high rates. With inventories piling up they expect to see a correction soon Residential property rates in Mumbai should correct by 10%-may be even more-in the next few months,...

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Veeresh Malik Veeresh Malik 22 November 2010
While countries like Germany are already well on the path to tap renewable energy sources to fuel their autos, they continue to push diesel-powered guzzlers in India. However, a few Indian manufacturers are honing their electric vehicles for the domestic and global markets Environment minister...

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Debashis Basu Debashis Basu 22 November 2010
History seems to suggest that gold prices will never decline. Gold loan companies have created a growth model around this belief. But how robust is this assumption? The last of a four-part series We have seen how gold loan companies are riding on the crest of a massive gold rally. By...

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Yogesh Sapkale Yogesh Sapkale 19 November 2010
Even as Tata Motors is offering the small car for open sales in a few more states, many customers from the initial one lakh group are still waiting to receive their vehicles Tata Motors Ltd, India's largest vehicle manufacturer by revenue, is yet to complete the delivery of its small car,...

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Debashis Basu Debashis Basu 18 November 2010
As Enam promoters bow out with one of their greatest trades ever, high-risk financial takeovers by banks a la Wall Street invades India Axis Bank, which has so far stayed away from the stock-broking business and has had an insignificant presence in the investment banking business, is paying...

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Moneylife Digital Team 18 November 2010
Brokerage says banks purchasing loan pools from MFIs under pressure The Andhra Pradesh government's ordinance to curb the activities of microfinance institutions (MFIs) has resulted in a wave of apprehension in the industry which is suffering from an acute financial crisis following a steep...

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Debashis Basu Debashis Basu 18 November 2010
Investors sell Axis Bank shares, the day after it announced the acquisition of Enam’s businesses. This is because commercial banks have a horrible post-takeover record of running investment banks The market has given a thumbs down to the Axis takeover of the high-profile but intensely private...

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Munira Dongre 15 November 2010
HSBC says its time to buy private sector banks over public sector banks based on better bottom-line performance, quality of growth, higher margins HSBC Global Research says the time is right for private banks to start outperforming PSUs. In a report dated 11th November, it underscores this...

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Munira Dongre 15 November 2010
 In two separate reports, broking firms Religare and Macquarie talk about rising PLFs in October and concerns of global investors about fuel supply risk and the increasing losses by state electricity boards. Both agree that merchant power prices will be under pressure In a recent report to its...

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Moneylife Digital Team 12 November 2010
The newly-established USE boasted of a world record for capturing the highest market share and daily turnover. Turnover has crashed now. With trading being literally free, will the USE survive? The country's newest stock exchange, the United Stock Exchange (USE), was launched amid much...

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Sharad Matade 12 November 2010
Despite the financial measures that the US is trying to push through, American demand is expected to stay suppressed due to the faltering economy, and prices are expected to remain in check Global crude oil prices, which hit a new two-year high of $88 a barrel on Thursday, will not rise much...

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Moneylife Digital Team 11 November 2010
The financial performance of India Inc in the September quarter has been decent, albeit slightly lower than anticipated. Steel products, real estate and auto ancillaries posted robust growth while cement and IT companies fell short A large part of the widely-anticipated Q2 earnings season is...

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Sharad Matade 11 November 2010
A number of major rubber-producing nations have witnessed extensive damage to their plantations due to heavy rainfall, which has caused a demand-supply shortage  Prices of natural rubber which have seen an upward movement in recent weeks due to lower supply and higher demand, may remain flat...

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Moneylife Digital Team 10 November 2010
Funded by a renowned PE firm New Silk Route, financial services provider Destimoney Securities is looking to make further inroads in a highly competitive environment The attractive yet cutthroat world of retail financial services and distribution is like a rainbow being chased by companies big...

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