ECONOMY & NATION


Moneylife Digital Team 25 February 2014
According to RIL, the continued tirade of baseless allegations being made by AAP against the company and its chief Mukesh Ambani appears to be instigated by vested interests Mukesh Ambani-led Reliance Industries Ltd (RIL) on Tuesday refuted allegations made by Aam Admi Party leader...

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Moneylife Digital Team 25 February 2014
Ranbaxy has voluntarily suspended all API shipments from its Toansa and Dewas. This follows suspension of API shipments from its Toansa plant by the US FDA Pharma company Ranbaxy Laboratories Ltd said it is examining the 'processes and controls' at all its active pharmaceutical...

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Moneylife Digital Team 25 February 2014
The website of Mt Gox, one of the major exchange for Bitcoin, is not longer online amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency Embattled Bitcoin exchange Mt Gox has largely vanished from the Internet amid...

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Shambo Dey 25 February 2014
Courts need to distinguish the difference between a civil and a criminal offence. For a civil offence, the rigour of embarrassment cannot be so high as to be equated with a criminal offence Banks led by State Bank of India (SBI) are in the practice of publishing photographs of people and...

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With corporates mandated to spend 2% of their net profit on CSR initiatives, can we expand use this into areas like foodgrain storage, adopting complete villages, helping railways in improving infrastructure etc., where it can make a huge impact? Thanks to the initiative taken by some...

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Moneylife Digital Team 24 February 2014
Nomura’s first cut calculations suggest that CERC’s final tariff regulations entail a potential 3%-4% dent (on the lower side for power sector) to its earnings forecast for Power Grid Corporation post FY14, says Nomura in a research note   The Central Electricity Regulatory Commission...

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Moneylife Digital Team 24 February 2014
SEBI bars Prayag lnfotech Hi-rise and its directors from soliciting money from the public as the company is alleged to engaged in fund mobilising activity through issue of redeemable preference shares Market regulator Securities and Exchange Board of India (SEBI) has barred Prayag...

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Moneylife Digital Team 24 February 2014
Nomura’s first cut calculations suggest that CERC’s final tariff regulations entail a potential 11%-13% dent to its earnings forecast for NTPC post FY14 For NTPC, the Central Electricity Regulatory Commission (CERC) issued the final tariff regulations for the period FY15-19 – these...

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Moneylife Digital Team 24 February 2014
In a positive for Gujarat State Petronet (GSPL), PNGRB has re-computed the transmission tariff for GSPL’s High Pressure network by 11% to Rs26.6/mmbtu, says Nomura in a research note The regulator Petroleum & Natural Gas Regulatory Board (PNGRB) has re-computed the transmission tariff...

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Moneylife Digital Team 24 February 2014
RBI approved IDFC’s resolution to decrease foreign investment limit to 52.50% from 54%, the maximum allowed for FIIs The Reserve Bank of India (RBI) approved a special resolution passed by shareholders of IDFC Ltd, to reduce investment limit to 52.5% from 54% for foreign institutional...

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United Bank’s CMD opted for VRS as the lender reported 194% jump in its NPAs for the December quarter. This also brings forward the opaque procedures and appointments of statutory auditors and independent directors followed by India Inc As if, the unprecedented rise of 194% in the...

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Hitisha Jain 24 February 2014
With full dedication, Pavithra YS of e-Vindhya InfoMedia, made her mark by creating job opportunities for people with disabilities for its operations in data management, data entry, processing and conversion Seven years ago, Pavithra YS started Vindhya e-InfoMedia in Bengaluru as a...

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Prof Anil Agashe 24 February 2014
Handholding of a new borrower increases business possibility for future. Banks can be strict as a lender at right time but should be ready to act as friend and guide of the borrower, when required I have always believed that banks need to do handholding, especially of those entrepreneurs...

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Are the US and other developed countries responsible for the emerging market issues? Or in the alternative, are the all the emerging market troubles home grown? It will be interesting to see who the developed countries blame when the problems they created for emerging markets return home

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Ordinary borrowers often complain about difficulty in getting loans, while some large borrowers just get it on a platter. This also highlights high operational risks associated with people and process that may be responsible for increase in bad loans or NPAs   Non-performing assets...

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Moneylife Digital Team 21 February 2014
According to RBI survey, foreign banks operating in India generated more income from fee-based business like derivatives, stock, securities, foreign exchange trading services and financial consultancy or advisory services   Foreign banks operating in India are generating more...

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India must ensure taking the opportunity to push its export, targeting, particularly the Middle East, Africa and South Asia instead of resorting to ‘floor price’ ideas, which may not work all the time   According to the statistical data available, thanks to the timely monsoon, which...

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Moneylife Digital Team 20 February 2014
Pushpam Appalanaidu, MD of QuestNet India was arrested at Chennai International Airport following a look out notice from the Andhra Pradesh CID. Appalanaidu, a Malaysian, faces 21 criminal cases of cheating for duping investors for Rs160 crore Immigration authorities at the Chennai...

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Konica Bhatt 20 February 2014
“It’s not as difficult as it looks. You should have the conviction as well as a lot of self-confidence to do business”, says Amrit Borkakoty of ‘Serenity: Blissful Living’, an interior styling boutique from Mumbai Amrit Borkakoty is the proud owner of 'Serenity: Blissful Living', a...

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Moneylife Digital Team 20 February 2014
After the purchase, promoter group holding in GlaxoSmithKline Pharmaceuticals will go up to 75% from the current 50.67% stake   The Indian government on Thursday cleared a foreign direct investment (FDI) proposal worth Rs6,400 crore of healthcare company GlaxoSmithKline to acquire...

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