ECONOMY & NATION


Moneylife Digital Team 03 September 2013
India and most of the Southeast Asian countries are likely to see difficult external funding conditions as markets are anticipating US Federal Reserve tapering, says Goldman Sachs Goldman Sachs has lowered India’s growth forecast for the current financial year to 4% from 6% earlier and...

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Moneylife Digital Team 03 September 2013
Microsoft has agreed to a 10-year license arrangement to use the Nokia brand on current and subsequently developed products based on the Series 30 and Series 40 operating systems Mobile handset maker Nokia Corp said it signed an agreement with Microsoft to sell all of its devices and...

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The Financial Technologies group has always managed to get generic words as company names, with Registrars violating their own guidelines. Use of words like ‘National’ for National Spot Exchange are illegal too The National Spot Exchange Limited (NSEL) scam is unusual in many ways....

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Moneylife Digital Team 02 September 2013
Financial Technolgies' notice for AGM does not even mention NSEL. Meanwhile, Ravi K Sheth, a longtime director and confidant of Jignesh Shah, has decided not to seek re-appointment Financial Technologies (India) Ltd (FT), the promoter of scam-ridden National Spot Exchange Ltd (NSEL) does...

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Moneylife Digital Team 02 September 2013
Vinita Deshmukh would be the candidate for the Nav Bharat Democratic Party from Pune Lok Sabha constituency. The party is constituted by some of the finest brains from the tech-world Nav Bharat Democratic Party, the newest entrant into political arean has decided to field Vinita...

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Moneylife Digital Team 02 September 2013
With the worsening current account and fiscal deficits and rushed policy-making, Nomura feels that Indian economy will have a tough time bouncing back, with balance of payments issues to be the cornerstone of her recovery In a Special Report, Nomura Singapore is bearish on the Indian...

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Moneylife Digital Team 02 September 2013
With the worsening current account and fiscal deficits and rushed policy-making, Nomura feels that Indian economy will have a tough time bouncing back, with balance of payments issues to be the cornerstone of her recovery In a Special Report, Nomura Singapore is bearish on the Indian...

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The overall coal inventory has now fallen to 57mt, most of which lying near pit-heads and some stored in remote coalfields not accessed by railways. To top this mess, Coal India want to reduce this inventory by 10mt this year In a couple of weeks from now, the Annual General Meeting of...

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The NSEL scam only happens to be the biggest of the multiple scams that have hit the commodities markets, thanks to poor regulation Prime minister, Manmohan Singh, likes to blame all the lapses of his government on ‘coalition dharma’. Well, in addition to the long list of scams and...

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Moneylife Digital Team 31 August 2013
Petrol price hiked by Rs2.35 per litre and diesel by 50 paisa, excluding state levies, effective midnight today   The government on Saturday raised the price of petrol by Rs2.35 per litre and diesel by 50 paisa a litre, excluding state levies.   The increase in rates, which...

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Moneylife Digital Team 30 August 2013
Food Security Bill and Land Acquisition Bill are the two main election planks for the UPA government. However, if companies defer their capex plans due to the steep rise in land costs, then transactions may fall and the supposed gains to farmers may be minimal, Nomura says The Lok Sabha...

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QNet India’s CEO Suresh Thimiri, in his anticipatory bail application has denied any relations with the MLM company and its representatives! The case of QNet, the Hong Kong-based controversial multi-level marketing (MLM) operator is taking various twists every day; but this one will...

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Girish Borkar 30 August 2013
From June 2013, purchaser of property with value of Rs50 lakh and above should deduct 1% TDS at the time of making payment. Here is the guide about making payments of TDS and obtaining form 16B for the buyer and form 26QB for the seller I would like to run the readers through the TDS...

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Moneylife Digital Team 29 August 2013
Jodhpur police said they will wait until 30th August and if the self-styled godman fails to appear before them for questioning, then would take further action Controversial self-styled godman Asaram Bapu, who is accused of sexually assaulting a minor, will face arrest if he fails to...

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Moneylife Digital Team 29 August 2013
According to an additional commissioner of police, the EOW has frozen six bank accounts of QNet that have Rs46 crore as balance, and their teams would soon visit Bengaluru and Chennai to arrest some suspects Economic offences wing (EOW) of Mumbai police, which is probing Hong Kong-based...

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Moneylife Digital Team 29 August 2013
It is unlikely that the entire benefit from rupee depreciation will flow to margins in the IT services industry, since market share shifts remain the big growth driver says Nomura HCL Technologies and Tech Mahindra have until now shown rupee depreciation benefits in margins. Since they...

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Moneylife Digital Team 29 August 2013
Given the benefits of a weaker rupee and robust US pipeline, Lupin will not see any adverse effect on its earnings during FY14, says Nomura Slowdown in India during the FY14F, is unlikely to have a material impact on earnings of Lupin given the benefits of the weaker rupee and robust US...

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Moneylife Digital Team 29 August 2013
According to Nomura, TCS expects the bulk of rupee depreciation benefits to flow through to margins in second quarter of FY14F, given that depreciation has been too sharp too soon Tata Consultancy Services (TCS), India’s largest software company sees revenue growth during FY14 on better...

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A little investigation reveals that a lot more actually needs to be done for UMPPs, mainly about clearances from the environment ministry that are pending since ages. Why can't the MoEF come out with a list of pending cases, and explain? The cabinet committee on investments (CCI) has...

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Moneylife Digital Team 28 August 2013
While regulators, investigation agencies are apparently working hard at tracking Rs5,600 crore that seems to have vanished from NSEL without a trace, the 'investors' who are fighting for their funds held a unique protest outside the exchange plaza -- almost every one of these protestors are...

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