ECONOMY & NATION


The group is now approaching local real-estate agents to sell its properties at Lodha Aqua, its high-priced project in suburban Mumbai The Lodha group, which was selling its ‘Lodha Aqua’ (near Dahisar, suburban Mumbai) property exclusively through invitation, has now climbed down and is...

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Hollywood is increasingly knocking at the doors of Indian animation studios, but the industry is suffering from high tax rates, dearth of talent and lack of international focus Indian animation studios are doing a lot of work for Hollywood productions. But why is the Indian animation industry...

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Hindustan Unilever (HUL) and Procter & Gamble (P&G) India have been washing each other’s dirty linen in public for quite some time now. But, as the dust settles down in this no-holds-barred clash between the two multinationals, some interesting facts are emerging out of the whole...

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Sanket Dhanorkar 28 April 2010
Average daily trading volumes in the Indian currency market have shown a significant jump; they may eventually outgrow volumes in equity derivatives A dramatic shift is currently underway in the financial market scene in India. The currency futures segment, which was only introduced two...

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Moneylife Digital Team 21 April 2010
The United Stock Exchange hopes to hit the ground running with its currency futures offering. It would be an uphill battle against two established rivals, MCX and NSE, especially since NSE has made a predatory move in making membership free Newly established stock exchange, the United...

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Moneylife Digital Team 15 April 2010
In yet another case of a regulator’s stance being thrown to the winds, HDFC has decided to ignore the Reserve Bank of India’s observations on teaser loans Moneylife had earlier reported (see here) on how the RBI has repeatedly expressed its displeasure over teaser rates, saying that these...

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Ravi Samalad 14 April 2010
Unable to expand through a combination of advertising and selling through national distributors, the fund house is empanelling smaller distributors now Fidelity Fund Management Private Ltd, the US fund management major which launched its India operations in 2005, was so far following a...

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Debashis Basu Debashis Basu  and   Pallabika Ganguly 01 April 2010
The Unilever CEO believes that HUL is still the lion in several categories. He is living in his own world. Over the past decade, HUL has repeatedly tried and failed in a large number of new businesses, which makes it look like an also-ran A few days back, the chief executive officer of...

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Amritha Pillay 31 March 2010
GMR acquired power utility InterGen, based in the Netherlands, at a transaction worth $1.10 billion in 2008. Two years later, not much financial information is available about the acquired company in the public domain GMR Infrastructure’s overseas acquisition of InterGen NV in 2008 was touted...

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Pallabika Ganguly 30 March 2010
The Centre is proposing to levy service tax, while the State government is planning to charge consumers value-added tax on real estate The fight between the Central and State governments may lead to consumers being double-taxed for buying a piece of real estate. The Central government is...

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Sanket Dhanorkar 15 March 2010
Bond Street seems to have taken the FM’s fiscal consolidation plans with a pinch of salt as bond yields have since surged past 8%, perhaps due to the government’s borrowing programme In his Budget speech, finance minister Pranab Mukherjee had outlined a clear path for the government to...

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Moneylife Digital Team 19 February 2010
With easy access, large players oversubscribed IRFC’s bond issue within a few hours, leaving small and individual players high and dry Indian Railway Finance Corp’s (IRFC) first tranche of a 5-year tax-free bond issue carrying an interest rate of 6% has reportedly been fully subscribed...

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Moneylife Digital Team 29 January 2010
Despite a more-than-expected hike in the Cash Reserve Ratio (CRR), banks today ruled out any immediate hike in lending rates Retail and corporate borrowers can breathe easy as bankers today said that an immediate hike in lending rates is unlikely even as the RBI tightened money supply by...

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Yogesh Sapkale Yogesh Sapkale 07 January 2010
The steel ministry had expressed concerns on increase in steel prices by domestic firms, including SAIL and Tata Steel, which own captive reserves of iron ore and coking coal State-run Steel Authority of India Ltd (SAIL) on Thursday said that it may cut prices of some of its products in...

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Yogesh Sapkale Yogesh Sapkale 05 January 2010
Demand for the ongoing marriage season and approaching festival of 'Makar Sakranti' might further boost buying activity in the face of tight supply Sugar prices on Tuesday rose to Rs4,250 per quintal at the wholesale market on increased buying for the current festival and marriage season...

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Amritha Pillay 29 December 2009
Power tariffs in the open market have crashed to Rs2-Rs5 per unit in December from Rs12-Rs14 per unit in June 2009. Seasonal fluctuation leading to low demand is being stated as the reason for these low tariffs Riding on high merchant power tariffs, a number of power companies have...

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NDTV’s loss-making, ego-driven, public-funded businesses are unravelling Quarter after quarter, we have marvelled at the ability of TV channels to survive the deluge of red ink that would have drowned companies in any other sector. Obscene salaries, lavish overheads and large dollops of...

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Pallabika Ganguly 24 December 2009
The Urban Land Ceiling Act was repealed in November 2007. However, real-estate developers are still fighting cases related to this repealed legislation in the Bombay High Court The repealed Urban Land Ceiling (ULC) Act has held up more than 100 projects across Maharashtra. The...

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Sanket Dhanorkar 24 December 2009
Yields on government bonds have witnessed wide fluctuations as participants speculated on the impending rate hike—but the government still remains non-committal on the timing of this move Over the past few days, yields on the benchmark 10-year bonds have seen volatile movements, as...

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Pallabika Ganguly 22 December 2009
In India, the spiritual route has always been an easy way to make money. Now, the Times Group wants to cash in on this trend by launching a weekly newspaper based on ‘The Speaking Tree’, a spiritual column that is published in the inside pages of the Times of India (TOI). According to...

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