ECONOMY & NATION


Moneylife Digital Team 06 June 2014
In the event of growth in the Euro zone slowing down, Indian exports would tend to get affected – though the impact will not be too severe, says CARE Ratings   The European Central Bank (ECB) on Thursday announced unprecedented measures in its monetary policy review meeting to...

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Moneylife Digital Team 06 June 2014
The government has decided to undertake fresh valuation and assessment of fair share value of HZL to reduce or sell its entire 29.5% stake in the Vedanta group company The Finance Ministry has started the process for a fresh valuation of Hindustan Zinc Ltd (HZL), seeking to push through...

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Moneylife Digital Team 06 June 2014
The Court framed the charge after Kejriwal refused to heed the Magistrate’s suggestion to amicably resolve the case Aam Aadmi Party (AAP) leader Arvind Kejriwal was on Friday put on trial by a Delhi court on charges of defamation on a complaint filed against him by Bharatiya Janata Party...

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Moneylife Digital Team 06 June 2014
Sumitra Mahajan, the longest-serving woman MP was unanimously elected as Speaker of the 16th Lok Sabha Eight-term member of Parliament (MP), Sumitra Mahajan was on Friday unanimously elected as the Speaker of the 16th Lok Sabha, thus becoming the second woman presiding officer of the...

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Dalbir Chhibbar 06 June 2014
Elections always show us the best and the worst of Indian political life. Coming fresh out of a historic election, we can take a look at re-inforcing the best in our political system Surely, It is unfair to bracket all politicians as corrupt, dishonest and irresponsible. There are those...

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TruthInAdvertising.org 06 June 2014
GSK reached a $105 million settlement agreement (its fifth so far) with 44 states and the District of Columbia for its promotion of anti-depressants Paxil and Wellbutrin and its asthma drug, Advair GlaxoSmithKline LLC (GSK) has once again settled with regulators for alleged improper...

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Moneylife Digital Team 06 June 2014
Sisodia is accusing Yogendra Yadav of targeting party chief Kejriwal, while Damania and Menon withdraw their resignations hours after submitting it Differences in the top rung of the Aam Aadmi Party (AAP) have come to the fore with Manish Sisodia accusing Yogendra Yadav of targeting...

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Moneylife Digital Team 05 June 2014
Vodafone may apply for Unified Licence at appropriate time and obtain spectrum through market-related process for continuing the service in seven circles, the Telecom Dept has said The Department of Telecom (DoT) has rejected Vodafone India's request to extend its licences in seven...

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Moneylife Digital Team 05 June 2014
Deloitte has recommended options like reforming Coal India and its nine subsidiaries through internal changes in structure, systems and roles Consultancy firm Deloitte Touche Tohmatsu India Pvt Ltd, which was selected to study the restructuring of Coal India Ltd (CIL), has recommended...

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Moneylife Digital Team 05 June 2014
Ajay Piramal-led Piramal Enterprises paid Rs1200 per share or Rs790 crore to buy 10% stake in  Shriram City Union Finance, a unit of Shriram Group Piramal Enterprises Ltd said it acquired 9.99% stake in Shriram City Union Finance Ltd for Rs790 crore. Shriram City Union Finance is the...

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Moneylife Digital Team 05 June 2014
Income Tax department has alleged that NDTV concealed material facts from the High Court, including its move to reduce its capital, merger between two subsidiaries and mortgaging property worth Rs50 crore without the I-T dept's knowledge   Updated 11 June 2014 On 6 May 2014, The...

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Moneylife Digital Team 05 June 2014
Income Tax department has alleged that NDTV concealed material facts from the High Court, including its move to reduce its capital, merger between two subsidiaries and mortgaging property worth Rs50 crore without the I-T dept's knowledge   Updated 11 June 2014 On 6 May 2014, The...

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Moneylife Digital Team 05 June 2014
Anjali Damania and Preeti Menon have resigned from AAP. However, the party says both have resigned only from their posts and not from AAP Activist-turned-politician and Aam Aadmi Party (AAP) leader Anjali Damani has resigned from the party, ahead of the state Assembly elections.  

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Moneylife Digital Team 04 June 2014
AAP leaders Kejriwal, Sisodia and Yadav were granted bail in a defamation case after they furnished personal bonds of Rs10,000 each Aam Aadmi Party (AAP) leader and former chief minister of Delhi, Arvind Kejriwal and two other party leaders were on Wednesday granted bail by a Delhi court...

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Moneylife Digital Team 04 June 2014
Titan is well positioned to gain from an improvement in consumer spending with both the watches and jewellery segments set to see improved growth, says Nomura With growing expectations of a pick-up in GDP growth over the next two years, Nomura sees discretionary spending as a key...

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Moneylife Digital Team 04 June 2014
As economic growth picks up, India’s currently under-penetrated financial services sector could deliver significant and out-sized returns, says Morgan Stanley For India, a growth of 6.75% per annum is achievable over the next 10 years, which would translate to a $5 trillion economy by...

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Moneylife Digital Team 04 June 2014
Sumitra Mahajan has never lost the Lok Sabha elections since 1989 and was elected from Indore for the eighth time in the recently-held polls by a margin of 4.67 lakh votes Bharatiya Janata Party (BJP)'s senior leader and one of the most experienced Parliamentarians, Sumitra Mahajan is...

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Moneylife Digital Team 03 June 2014
A well-sold story during IPO generated lots of interest in Innoventive among institutional investors. One fine day, the profitable company's liabilities surged and its net loss widened. What went wrong? Innoventive Industries Ltd (Innoventive) a Pune-based iron and steel product...

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No doubt, Dharmendra Pradhan would do all that it takes to ensure work goes on smoothly, and clears approaching hurdles. The new minister, Dharmendra Pradhan, has a lot on his plate that the former UPA minister Moily left for him to handle.  It may be recalled that the major issue that...

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Moneylife Digital Team 02 June 2014
Following RBI directive last year, Italian CRIF has taken over cash-strapped High Mark Credit Information Services for an undisclosed sum As pointed out by Moneylife in November 2013,  Italy-based CRIF SpA has acquired majority stake in cash-strapped High Mark Credit Information Services...

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