ECONOMY & NATION


IANS 03 November 2016
The Federal Open Market Committee of the US Federal Reserve on Wednesday kept its short term interest rate intact for now, but gave an indication that a hike was on the cards in December on the back of economic recovery.   After a two-day, much-watched meeting of the committee chaired...

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Moneylife Digital Team 02 November 2016
Ratings agency Standard and Poor's (S&P) on Wednesday maintained its stable outlook for India in its latest update, while affirming its long term rating at BBB- and short term rating at A-3. Though disappointing, this move was expected as the rating agencies show differential treatment when...

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Moneylife Digital Team 02 November 2016
Domestic volume growth will become very relevant as a driver of profits in Indian economy as the gross margin expansion-led earnings growth is largely over, says a research report.   In the note, Kotak Institutional Equities Research says, "We note that economic recovery is still...

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IANS 02 November 2016
Sharp anomalies in the taxation rates and structure across different industries such as telecom, tobacco, textiles, food processing and tourism should be addressed as the country moves to implement the Goods and Services Tax (GST), an industry report said on Wednesday.   "As we are in...

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IANS 02 November 2016
Standard and Poor's on Wednesday maintained its stable outlook for India in its latest update, even as the Finance Ministry felt that the rating must be upgraded in tune with the global investor sentiment towards the country and its continuing economic reforms and improved macro...

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Moneylife Digital Team 02 November 2016
Responding to the festival spirits, automakers recorded higher volumes during October 2016 with experts seeing this trend to continue over next few months. Utility vehicles and tractors continue to lead the segment, while lower exports dragged down overall sales in the passenger car segment...

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Sheikh Qayoom (IANS) 02 November 2016
Tens of thousands of border villagers in Jammu and Kashmir have been forced out of their homes to take shelter in makeshift accommodations after shelling from across the border with Pakistan killed at least 19 people, including 11 civilians, in the past few weeks.   Some 25,000...

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IANS 02 November 2016
An ex-army man who was part of the protest to demand One Rank One Pension for the armed forces committed suicide by consuming poison on Tuesday evening in a park here, police said on Wednesday.   Ram Kishan Grewal left behind a suicide note, whose contents are not known, police...

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IANS 02 November 2016
Amid allegations that the manner in which the Tatas' break-up with DoCoMo was handled by Cyrus Mistry was among the reasons that led to his ouster as Tata Sons chairman, his office on Tuesday said that all decisions were in concurrence with Ratan Tata and the board.   Soon after,...

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IANS 02 November 2016
The Benami Transactions (Prohibition) Amendment Act, 2016, designed to curb black money and passed by parliament in August, came into effect on Tuesday.   An amendment of the 1988 Benami Transactions Act, the new law provides for up to seven years' imprisonment and fine for those...

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Sneha Alexander (IANS) 02 November 2016
The number of Bharatiya Janata Party (BJP) members of parliament (MPs) in the current Lok Sabha above the age of 70 declined to 8.8 per cent -- from 14.2 per cent in the 15th Lok Sabha -- and MPs aged 25 to 40 increased from 5.8 per cent to 7.8 per cent, according to an IndiaSpend analysis of...

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IANS 02 November 2016
The Directorate of Revenue Intelligence (DIR) has busted India's biggest drug racket and recovered 23,500 kg mandrax tablets (methaqualone), with an estimated worth of Rs 4,700 crore in the international market. A Bollywood producer has been arrested in the connection, an official said on...

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Sidhartha Dutta (IANS) 02 November 2016
A junior minister and the Rajya Sabha secretariat are at variance on the status of an amendment to a bill to protect whistle blowers, a measure that many say dilutes the law and should thus be referred to a select committee of the Rajya Sabha.   In reply to a question in Parliament on...

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IANS 02 November 2016
An uneasy calm prevailed on the Line of Control (LoC) and the International Border (IB) in Jammu on Wednesday, a day after eight civilians were killed and 24 injured in Pakistan targeting of civilian facilities.   Eerie silence ruled the villages close to the IB in Ramgarh, R.S. Pura,...

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IANS 29 October 2016
Credit rating agency ICRA on Friday said it has revised upwards its growth estimates for the passenger vehicle sector in the backdrop of better than expected ramp-up in demand momentum.   According to the investment information and credit rating agency, it has revised upward its...

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IANS 29 October 2016
Ruia Group Chairman and Jessop owner Pawan Kumar Ruia on Friday yet again did not show up before the CID officials of West Bengal Police who are probing repeated incidents of fire at the company's factory near Kolkata.   Ruia has informed the CID sleuths that he was now "away from the...

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IANS 28 October 2016
Prime Minister Narendra Modi on Thursday formed 10 new Groups of Secretaries to study various governance issues, and asked them to submit their reports on by the end of November, an official statement said.   As compared to the earlier groups, which worked on specific themes, the...

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Moneylife Digital Team 28 October 2016
Although Tata Sons Limited (Tata Sons) is an unlisted company and therefore accountable to a limited set of stakeholders, its actions affect the entire Tata group of companies -  and in a sense the whole of corporate India.  Given the importance of Tata Sons to the group, and the respect that...

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Moneylife Digital Team 27 October 2016
With all the controversies engulfing the Tata group these days, we took a look at the shareholding pattern of the Tata Sons and also the major companies under the group. This will help us understand what kind of influence can be wielded by different groups of shareholders in board-level...

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IANS 27 October 2016
India on Thursday asked a Pakistan High Commission staffer here to leave the country immediately for allegedly running a major espionage ring that was busted with the arrest of two Indians possessing sensitive defence documents to be passed on to the ISI.   Vikas Swarup, spokesperson...

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