ECONOMY & NATION


Moneylife Digital Team 03 December 2010
State-run NTPC said its wholly-owned subsidiary NTPC Vidyut Vyapar Nigam Ltd has appointed Anil Agarwal as its chief executive officer (CEO). Mr Agarwal joined NTPC as executive trainee in 1977. He brings with him vast experience in the area of contracts. He has been associated with contracts...

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Shukti Sarma 03 December 2010
As the small English language television channel segment gets more fragmented, it will be a long time before any of the numerous players turn profitable It's a long list of competitors that are slugging it out in the general entertainment channels segment; and one more name just got added to...

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Munira Dongre 03 December 2010
Cement sales in November were 19% lower month-on-month for seven cement players that make up half of the industry capacity. According to CLSA, some of the key reasons were inventory build-up, a prolonged monsoon and no major pick-up in infra projects. It expects cement prices to slip lower The...

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Moneylife Digital Team 02 December 2010
In the absence of strong legal provisions, top bank officials are allowed to go unchallenged even as murky dealings and irregularities surface. Is the present system really so hapless in nabbing the white-collar culprits, or is it a case of conveniently sweeping the dirt under the...

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In a brazen attempt at preventing its loan from being classified as a non-performing asset, the State Bank of India has just sanctioned Rs130 crore to Ispat Industres, adjusting Rs30 crore against earlier dues! Yesterday Moneylife wrote how an acute cash crunch has forced Ispat Industries to...

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Documents with Moneylife show that top institutions are too keen to side with promoters of Ispat Industries, despite gross mismanagement, rather than make a serious attempt to get their money back. Why this strange generosity? Over the past five years, Ispat Industries Limited (IIL) has...

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Moneylife Digital Team 01 December 2010
The steel plant of Ispat Industries at Dolvi, Maharashtra has been closed for over a month due to a cash crunch. But the company has not bothered to inform the stock exchanges Ispat Industries, which has been subjected to a massive countrywide raid by the revenue intelligence wing of the...

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Alekh Angre 30 November 2010
About 30-40% of the grape crop is estimated to have been damaged in grape-growing areas of Maharashtra, compounding the wine industry’s problems Unseasonal rain showers have damaged crops in many parts of Western India. Much of this loss has been in Maharashtra where onions, soybeans and grapes...

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Alekh Angre 30 November 2010
After slipping back over the past couple of years, the tourism industry is seeing a turnaround with a significant growth in foreign tourist arrivals this year. And the industry is expecting it will get still better this season The tourism industry is expected to bounce back this year, after...

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Moneylife Digital Team 25 November 2010
Real estate valuations are opaque and the government had openly supported the sector after the financial crisis. The current real estate scam is the outcome of these two factors, say experts The arrest of eight officials from public sector banks and financial companies for allegedly taking...

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Moneylife Digital Team 24 November 2010
LIC Housing Finance and banks are suspected to have given fake loans to individuals which landed in the accounts of a few builders. The deals were supposed to have been arranged by FII-funded Money Matters Financial Services Following the raids by the Central Bureau of Investigation (CBI) on...

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Moneylife Digital Team 24 November 2010
Money Matters Financial Services Ltd. which raised Rs445 crores in November from four top foreign investors, has been under a CBI raid since last night Money Matters Financial Services Ltd. (MMFSL), a Mumbai-based non-banking finance company (NBFC) was raided by a large team of officials from...

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Moneylife Digital Team 23 November 2010
The diversified company had put too much on the line with its ambitious cement foray, hurting its profitability. The proposed sale will give it some room to breathe Nagpur-based diversified company Murli Industries Limited (MIL) is close to offloading its cement division to Mexico's Cemex, the...

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Moneylife Digital Team 23 November 2010
Property advisors and researchers say residential property sales are slipping in the commercial capital due to high rates. With inventories piling up they expect to see a correction soon Residential property rates in Mumbai should correct by 10%-may be even more-in the next few months,...

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While countries like Germany are already well on the path to tap renewable energy sources to fuel their autos, they continue to push diesel-powered guzzlers in India. However, a few Indian manufacturers are honing their electric vehicles for the domestic and global markets Environment minister...

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History seems to suggest that gold prices will never decline. Gold loan companies have created a growth model around this belief. But how robust is this assumption? The last of a four-part series We have seen how gold loan companies are riding on the crest of a massive gold rally. By...

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Even as Tata Motors is offering the small car for open sales in a few more states, many customers from the initial one lakh group are still waiting to receive their vehicles Tata Motors Ltd, India's largest vehicle manufacturer by revenue, is yet to complete the delivery of its small car,...

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As Enam promoters bow out with one of their greatest trades ever, high-risk financial takeovers by banks a la Wall Street invades India Axis Bank, which has so far stayed away from the stock-broking business and has had an insignificant presence in the investment banking business, is paying...

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Moneylife Digital Team 18 November 2010
Brokerage says banks purchasing loan pools from MFIs under pressure The Andhra Pradesh government's ordinance to curb the activities of microfinance institutions (MFIs) has resulted in a wave of apprehension in the industry which is suffering from an acute financial crisis following a steep...

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Investors sell Axis Bank shares, the day after it announced the acquisition of Enam’s businesses. This is because commercial banks have a horrible post-takeover record of running investment banks The market has given a thumbs down to the Axis takeover of the high-profile but intensely private...

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