ECONOMY & NATION


IANS 09 November 2016
The withdrawal of 500 and 1,000 rupee notes from circulation will not help in fighting black money as it is stashed away in foreign banks, foreign currency, gold or in the form of other assets, a top leader of the All India Bank Employees Association (AIBEA) said.   "Everyone knows...

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Sometime in 1990, just before a foreign exchange crisis forced India to embark on economic liberalisation, there was a buzz of excitement in the media about a Tata Chemicals press conference. JRD Tata, the much loved and venerated chairman of Tata Sons, then in his mid-80s was going to be at...

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Article 39 of the Indian Constitution mentions certain principles of policy to be followed by the State, including providing an adequate means of livelihood for all citizens, equal pay for equal work for men and women, proper working conditions, reduction of concentration of wealth and means...

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IANS 08 November 2016
A Jet Airways plane from India made an emergency landing at the Karachi airport on Tuesday after a passenger took seriously ill. Pakistani doctors declared him dead.   The pilot took permission to land in Karachi, Geo News reported.   The doctors did a medical check-up of the...

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IANS 08 November 2016
India's demand for gold in the third quarter (July-September) dropped by 28 per cent to 194.8 tonnes, the World Gold Council said in its report on Tuesday.   The Indian demand was around 271.1 tonnes during the corresponding quarter in 2015.   In terms of value, India's Q3...

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Nishant Arora (IANS) 08 November 2016
As the world keenly awaits the results of the US election, the hatred among immigrants for Donald Trump is almost at its zenith and the message is loud and clear: the immigrant population is voting against the Republican candidate across the West and East coasts (minus middle America, which...

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Moneylife Digital Team 08 November 2016
Cyrus Mistry’s position as Chairperson of listed companies of the Tata group is now being questioned. Whatever be Tata Sons’ opinion in this matter, IiAS believes independent directors of the listed companies must provide comprehensive guidance to shareholders on whether Cyrus Mistry should...

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A week ago, an industrialist told us that the entire family of a very large, first-generation industry house is making plans to move abroad permanently. The only hiccup was a court order that bars two members of the family from going abroad. His own family too is planning to migrate, he says....

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Moneylife Digital Team 07 November 2016
After Cyrus Mistry's letter to the directors of Tata Sons, which mentioned fraudulent transactions of Rs22 crore involving non-existent parties in India and Singapore, much more information has begun to spill into public domain. For starters, some details about the forensic audit carried by...

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Moneylife Digital Team 07 November 2016
The 60% rise in imported coal prices (Richard Bay Index) between April and October 2016 is likely to negatively impact the power sector value chain, says India Ratings and Research (Ind-Ra).    In a research note, Ind-Ra says, "The increase in imported coal prices was more pronounced...

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IANS 07 November 2016
India and Britain on Monday signed memoranda of understanding (MoUs) on intellectual property rights (IPR) and ease of doing business following delegation-level talks led by Prime Ministers Narendra Modi and Theresa May here.   "Advancing business through agreements. The two leaders...

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IANS 07 November 2016
Tamil Nadu Chief Minister J. Jayalalithaa may be discharged from Apollo Hospitals in less than 15 days, a senior AIADMK leader said on Monday.   "In less than 15 days she might be discharged. All her vital parameters are under control. She is being given physiotherapy exercises,"...

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IANS 07 November 2016
As the US gets ready for the November 8 election, aides of the Republican candidate Donald Trump have reportedly taken control of his Twitter account, The New York Times has reported.   Trump has been known to fire furious and tweets himself but his twitter handle has gone quieter for...

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On 24th October, when the board of Tata Sons decided to sack its chairman Cyrus Mistry, even those in senior regulatory positions speculated that the extreme action may have been a move to protect the group’s reputation. They expected to hear of some serious transgression, like insider...

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IANS 07 November 2016
The Delhi government on Sunday unveiled a slew of steps, including closure of all schools for three days, to battle unprecedented smog levels that have drastically cut visibility and turned the national capital into a virtual gas chamber.   Chief Minister Arvind Kejriwal also banned...

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Moneylife Digital Team 04 November 2016
After the ignominious sacking, Cyrus P Mistry seems to be gaining support within the Tata Group. Independent Directors on the Board of Indian Hotels Company (IHCL), collectively known as Taj Group, on Friday have reportedly backed Mr Mistry and praised steps he had taken in providing...

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Moneylife Digital Team 04 November 2016
Emerging global risks will keep the Indian debt markets on the defensive and limit gains, given that domestic corporate bond spreads have already narrowed to near a one-year low, says India Ratings and Research (Ind-Ra).    The ratings agency says it believes that an uptick in global...

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IANS 04 November 2016
The decision on the issue of dual control between the Centre and states remained elusive at the conclusion of the Goods and Services Tax (GST) Council's fourth meet here on Friday, a state Finance Minister said.   The Council, which reached a consensus on the four-tier tax slab...

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Moneylife Digital Team 04 November 2016
The private security personnel posted outside Tata Group's headquarter Tata House in Mumbai have beaten several photographers on Friday.    Condemning the Act, the Mumbai Press Club informed that at least three photographers have sustained serious injuries in this brutal attack and...

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IANS 04 November 2016
Even as the hunt is on for a new chairman following the ouster of Cyrus Mistry, Tata Sons on Friday announced major changes in their organisational structure, including the resignation of three top executives.   "Nirmalya Kumar, N.S. Rajan and Madhu Kannan have decided to explore...

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