ECONOMY & NATION


Moneylife Digital Team 03 March 2014
The February manufacturing PMI in India rose to 52.5, its highest reading in the last 12 months, from 51.4 in January on stronger activity and new orders sub-indices The manufacturing purchase manager’s index (PMI) rose to 52.5 in February 2014, its highest reading in the last 12 months,...

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Moneylife Digital Team 03 March 2014
A sustained growth recovery led by the revival of the investment cycle is more likely after Q3 2014 and that too is contingent on a stable political outcome in the forthcoming general elections, warns Nomura in a research note Current data on the Indian economy confirms that domestic...

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Hitisha Jain 03 March 2014
Believing in giving 100% to her work, Namita Banka of Banka BioLoo puts in all her effort to start the business of promoting and developing innovative environmental friendly products and services for human waste management system Banka BioLoo Pvt Ltd is a proprietary firm started by...

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Staunch supporters of J Jayalalitha, the incumbent CM of Tamil Nadu want her to become the next PM of India. However, Amma, as she is referred by them has very little chances to hold the hot chair at the centre! When staunch supporters and followers of Tamil Nadu chief minister J...

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Several countries need to deal with bad debt or NPA problem as quickly as possible. Opening markets to the most experienced, often-foreign, firms to purchase assets could be one of the solutions. Can anyone take this politically unpalatable decision In the late 1980s it was estimated...

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Four out of 12 offices have no Ombudsmen since November 2013. Mumbai has no ombudsman for 4 months and Delhi has a part-time one visiting from Chandigarh Did you get Income Tax (IT) refund? If not, you can file a complaint with IT Ombudsman. But do you know if the IT Ombudsman of your...

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Moneylife Digital Team 28 February 2014
Laxmi Lobo the founder of Spring Blossoms, a popular Mumbai-based flower retailer with an online presence that gives her a national footprint says, one has to take many risks to grow the business and succeed. In her case, the risks seem to have paid off well in her journey from Air India to...

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Moneylife Digital Team 27 February 2014
Geodesic has defaulted in repaying its FCCB holders and loans to financial institutions. Sebi, which is trying to continuously make corporate governance norms tougher, is asleep as usual   Geodesic Ltd, the sham internet software and service provider has run up more than Rs1,200 crore...

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Moneylife Digital Team 27 February 2014
SEBI exempts the GoI from an open offer to acquire additional 7.94% stake in UCO Bank through conversion of Rs1,823 crore worth perpetual non-cumulative preference shares Market regulator Securities and Exchange Board of India (SEBI) has exempted the union government from making an open...

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Moneylife Digital Team 27 February 2014
Rahul Gandhi said he does not appreciate the 'impotent' remark made by Salman Khurshid against Narendra Modi Congress vice-president Rahul Gandhi on Thursday said he does not appreciate the 'impotent' remark made by union minister Salman Khurshid against Narendra Modi in the context of...

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Chances are that RBI may announce the list of seven successful applicants, four from the private sector and three from the government-owned companies According to the press reports, the Central Board of the Reserve Bank of India (RBI) is scheduled to meet in New Delhi on 7th March, for...

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Konica Bhatt 26 February 2014
Namrata Kothari and Meghna Mittal, both founders of online fashion and shopping portal—www.InOnIt.in, say that entrepreneurship leads to innovation, which eventually results in growth provided you stay persistent and focused Namrata Kothari and Meghna Mittal are Mumbaikars who met at the...

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Is the PR machinery the main beneficiary of such shows? As I write this in the first week of February, Auto-Expo 2014, at Greater NOIDA, started on a cold and grey morning with a two-day preview for media and other special invitees. There was the usual flurry of launches and media...

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Hitisha Jain 25 February 2014
According to Sharmila Bhide of Calsoft, entrepreneurship gives one the opportunity to make her own mark. Her 16-year old technology venture, which employs around 500 professionals, is a specialist in software product development services with niche expertise in storage, virtualization,...

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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
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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