ECONOMY & NATION


Cairn India is positive that its gas find would be commercially viable and that they would be able to supply piped gas to the Gujarat market by laying an additional pipeline In the eighth round  of NELP (New Exploration Licensing Policy) Cairn India won 1988 sqkm block in 2010...

Read More



Moneylife Digital Team 17 April 2014
Piramal Enterprises to acquire 20% stake in Shriram Capital for Rs2,014 crore Piramal Enterprises Ltd. (Piramal) today announced that it will acquire 20% equity stake in Shriram Capital Ltd (Shriram Capital), a financial service company for Rs2,014 crore to enhance its presence in the...

Read More



Moneylife Digital Team 17 April 2014
During FY14, TCS profitability grew 37.7%, helped by growth in European markets and investments in digital technologies Tata Consultancy Services (TCS), India's largest IT company, in FY14 posted 37.7% higher net profit despite the fact that its revenues grew 29.9% due to growth in its...

Read More



Moneylife Digital Team 16 April 2014
In an unusual plea, Prithvi Catalytic, one of the subsidiaries of crisis-hit Prithvi Info Solutions, sought to alienate itself by changing name Prithvi Information Solutions Ltd and its founders Madhavi Vuppalapati and her brother Satish Vuppalapati are trying every trick from the book...

Read More



Moneylife Digital Team 16 April 2014
After going through the flying records of GMR Aviation, the DGCA found evidence of 'false' pre-flight medical checks of pilots and cabin crew Swinging into action the Directorate General of Civil Aviation (DGCA) on Wednesday grounded 11 pilots of GMR Aviation for failing to carry out...

Read More



Over Rs20,000 crore from the MP LADS were disbursed since a decade, but there are no records. The funds allotted for MPs to use for providing drinking water, public health, education, sanitation, sports and roads are either unused or misused The Member of Parliament (MP) Local Area...

Read More



With the proliferation of ATMs and corporates starting white-label ATMs, there is bound to be considerable deterioration in customer service. Therefore, preventive and punitive steps are required to be taken by the RBI before it goes out of hand As per the reports that appeared in...

Read More



India must try and play the important role of being the intermediary between Iran and the US in forging some kind of business alliance, particularly in areas like petroleum industry Since 2012, India has been paying for Iranian oil imports both in rupees and Euros, by a special...

Read More



Raghuram Rajan wants Public-sector bankers bankers to be saved from Central Vigilance Commission. Much higher in priority is to reduce political pressure on bankers RBI governor, Dr Raghuram Rajan, has started the new financial year on a very positive note, choosing to bat for bank...

Read More



Moneylife Digital Team 15 April 2014
Inflation in March rose to a three-month high of 5.7% mainly on a spurt in the prices of food items such as potatoes, onions and fruits while prices of sugar, pulses, cereals, cement and minerals eased Snapping its declining trend, inflation in March rose to a three-month high of 5.7%...

Read More



Moneylife Digital Team 15 April 2014
Direction and pace of policy reforms in India, more than which political party takes control, can affect the ratings on the sovereign, says ratings agency S&P Direction and pace of policy reforms in India, more than which political party takes control after the general election can...

Read More



Moneylife Digital Team 15 April 2014
For FY14, Infosys reported a 13% increase net profit to Rs10,648 crore even as its revenues grew 24.2% to Rs50,133 crore. The company declared a final dividend of Rs43 per share Infosys Ltd, India's second largest software company reported a 25% jump in its fourth quarter net profit on...

Read More



Moneylife Digital Team 15 April 2014
The US Bankruptcy Court has ordered examination of Madhavi Vuppalapati, founder of the once high flying Prithvi Info Solutions, saying, as President and CEO, she is certainly a person with knowledge of the company’s financial condition A Bankruptcy Court in the US has directed Madhavi...

Read More



Moneylife Digital Team 14 April 2014
During FY14, Indag Rubber posted a net profit of Rs27.54 crore despite its flat sales. The company declared a final dividend of 65% or Rs6.5 per share Indag Rubber Ltd reported a 10.3% higher net profit during the 12 months that ended on 31 March 2014. The tyre retreading and...

Read More



Moneylife Digital Team 14 April 2014
While FIIs are increasing their shareholding in Infosys, domestic institutional investors including LIC, are reducing their stake in the country's second largest IT company State-run Life Insurance Corporation of India (LIC) sold 0.46% of its stake in Infosys Ltd for about Rs850 crore...

Read More



What the new government does about gas prices will signal whether Reliance Industries continues to dictate policies. A new book throws light on this Just a week before the first phase of the general elections, the Congress government ‘quietly’ sought to impose anti-dumping duty on...

Read More



Central banks remained focussed on consolidation, but encouraging smaller banks may be the way to push economic growth The International Monetary Fund (IMF) gave out some good news this week. They told us that the crisis was over. Well sort of. The Fund predicted that the strong economic...

Read More



There are reports of fake Indian currencies pouring in from across the border. The RBI can stop or at least, reduce to a great extent, the fake currency menace by introducing polymer currency notes at the earliest The election fever is on and heads have started rolling in allegations and...

Read More



Moneylife Digital Team 12 April 2014
After being named as accused in the Rs425 crore QNet scam, Vanmala shifted its office to undisclosed location. However, the EOW raided this secret hideout and seized important documents about the MLM operations of QNet Economic Offences Wing (EOW) of Mumbai Police has raided a little...

Read More



Moneylife Digital Team 12 April 2014
Financial Technologies is shortlisting bidders for selling its 24% stake in Multi-Commodity Exchange-MCX, following directions from FMC Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) on Saturday said it received non-binding bids from nine top corporates for buying its 24%...

Read More

Free Helpline
Legal Credit
Feedback