ECONOMY & NATION


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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Moneylife Digital Team 09 November 2010
The sustained decline in profitability of the bank, coupled with the additional impact of further provisioning on its books is of grave concern for shareholders Kerala-based Dhanlaxmi Bank is treading on choppy terrain these days, if its financials are anything to go by. The lender's...

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Moneylife Digital Team 09 November 2010
Natural calamities that have occurred in Asia recently will create some pressure on prices till the end of December, according to the investment banker Investment bank Goldman Sachs has said that it expects steel prices to remain under pressure till the end of this year due to adverse weather...

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Moneylife Digital Team 08 November 2010
It expects to generate Rs40 billion from its planned follow-on public offer; admits that a few of its urban projects have been held up due to resistance from locals Power Grid Corporation of India Ltd, the government-run entity which controls nearly 95% of India's inter-state and inter-regional...

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Moneylife Digital Team 04 November 2010
The commodity market, except the crude oil has already discounted the US Fed’s move to buyback the debt from banks and so far have remained flat. Commodity prices are not likely to witness a great momentum in the long-term following the US Federal Reserve's (the Fed) $600-billion...

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Debashis Basu Debashis Basu 04 November 2010
After it palms off its loss-making subsidiaries to foolish strategic investors, what can stop NDTV from becoming a sick company? NDTV reported a net loss of Rs34.27 crore for September quarter this year, on an operational income of Rs65.65 crore. This is not surprise. After all, it had reported...

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Moneylife Digital Team 04 November 2010
Affordable housing was in great demand during the global recession, but subsequent economic recovery led to change of attitude among developers. However, not all is lost, as some developers are still pursuing affordable housing projects and have some major plans lined up "Affordable houses for...

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Sharad Matade 04 November 2010
The price of zinc as well its inventory levels and global production is rising. Despite the depreciation of the US dollar, analysts feel that zinc prices will remain below $2,550 level. Even as zinc prices had hit a 10-month high of $2,600 per tonne last week, prices will remain below or at...

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Yogesh Sapkale Yogesh Sapkale 03 November 2010
Besides banks and other financial institutions, CIBIL is looking towards telecom, insurance and MFIs as potential business opportunities Credit Information Bureau (India) Ltd (CIBIL) has said that it is looking to expand its business by tapping new avenues and is in talks with telecom and...

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Moneylife Digital Team 02 November 2010
The action on the credit card front has been quiet so far. With HDFC Bank having become the largest card issuer and the banking behemoth SBI announcing a major expansion plan, a fresh battle may be brewing India's largest lender State Bank of India (SBI) has announced its intention to put its...

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Moneylife Digital Team 02 November 2010
Analysts feel that the small hike in short-term lending and borrowing rates will not hurt the realty sector as buyers are more concerned over skyrocketing property prices rather than rising interest rates The hike in the short-term lending and borrowing rates by the Reserve Bank of India (RBI)...

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Yogesh Sapkale Yogesh Sapkale 02 November 2010
In the race to make the fastest buck, foreign exchange trading has become all the rage now. But there are a number of pitfalls in currency trades Over the past few years, a number of investors have become disillusioned because of poor returns from various instruments. This, coupled with...

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