ECONOMY & NATION


Moneylife Digital Team 07 April 2014
CVC Pradeep Kumar requested the Supreme Court to allow him to withdraw from the coal scam cases as he had worked with the coal ministry as a joint secretary during 2003-06 Pradeep Kumar, the chief of Central Vigilance Commission (CVC) has requested the Supreme Court to allow him to...

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Moneylife Digital Team 07 April 2014
According to AIBEA, the largest bank employee union, what India needs is strengthening of public sector banks and not opening up banking sector to private players whose track record is also not appreciable The All India Bank Employees Association (AIBEA) has objected the Reserve Bank of...

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RBI must reconsider the present applicants and, possibly, have specific discussions in areas of operation and how soon they can achieve the goal of ensuring opening of branches and making available banking operations in small villages and towns, across the country After a nine month...

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Since 1953, the Tata group has been trying to get back into aviation. Now it is ready with not one but two partners, Singapore Airlines and Air Asia to take the skies again. The re-entry of Tatas also brings some sense of relief and responsibility in the airline business The Tatas love...

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Moneylife Digital Team 03 April 2014
Investments are unlikely to pickup in a hurry given weak demand and increased leverage on corporate balance sheets in India Investments are unlikely to pickup in a hurry given weak demand and increased leverage on corporate balance sheets, says Nomura in a research note based on data...

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Moneylife Digital Team 03 April 2014
During March, auto volumes in passenger vehicles remained steady while two-wheeler and commercial vehicles reported better sales, says Nomura Auto volumes in March did not show any negative surprises and were mostly in line with expectations from research analysts. "Domestic car...

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Moneylife Digital Team 03 April 2014
Congress spokesman from Amethi had applied for the certificate showing Munshiganj Guest house as temporary address of Rahul Gandhi, which was rejected by the local administration The local administration in Amethi has cancelled application of Congress Vice President and local MP Rahul...

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Following the breakup of a JV between Uralkali and Belaruskarli, China managed to secure potash at $305 per tonne. India too followed the suit and clinched a deal at $322 per tonne from Uralkali for 8 lakh tonnes of potash For the first nine months of fiscal year, 2013-14, covering April...

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Following the breakup of a JV between Uralkali and Belaruskarli, China managed to secure potash at $305 per tonne. India too followed the suit and clinched a deal at $322 per tonne from Uralkali for 8 lakh tonnes of potash For the first nine months of fiscal year, 2013-14, covering April...

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Moneylife Digital Team 03 April 2014
A Court in the US held Prithvi Information Solution and its associates guilty for $17 million fraud to Kyko Global Inc. On failure of payment, the Sheriff seized and auctioned personal assets of the company founder Madhavi Vuppalapati Following directions from a US District Court to...

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Moneylife Digital Team 02 April 2014
The RBI has granted in-principle approval for new bank licences to IDFC and Bandhan Financial Services The Reserve Bank of India (RBI) on Wednesday gave its in-principal nod for new bank licences to IDFC and Kolkata-based Bandhan Financial Services Pvt Ltd.   It must be noted...

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Moneylife Digital Team 02 April 2014
The apex court agreed to withdraw Spigelman following contention from Indian government about his name being mentioned in the list proposed by RIL as an independent arbitrator earlier The Supreme Court on Wednesday withdrew the name of Australian James Spigelman, former Chief Justice and...

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Moneylife Digital Team 02 April 2014
Candidates declaring a jump of Rs2 crore in value of their immovable assets since last polls would also trigger such red flags and face taxmen For the first time, candidates with assets of over Rs5 crore without a PAN card are set to come under the scanner of Income Tax (I-T) department...

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Moneylife Digital Team 02 April 2014
The order comes after Samsung chairman moved the Supreme Court seeking to quash a criminal case and non-bailable warrants issued against him The Supreme Court asked Lee Kun-hee, chairman of Samsung Electronics to appear before a trial court at Ghaziabad in a cheating case.   A...

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Airlines need to extend cooperation with other carriers in business. But should they decide to choose or act in the manner of ‘survival of the fittest’, God save the rest! SpiceJet's low offer of fare rate at Re1, with conditions attached, met a negative response from the Director...

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Moneylife Digital Team 01 April 2014
Affirming the stand taken by RBI governor, the EC allowed the central bank to take appropriate action on issuing new bank licenses The Election Commission (EC) has allowed Reserve Bank of India (RBI) to take action on new banking license as 'appropriate'. "RBI can go ahead with in-...

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Moneylife Digital Team 01 April 2014
While reducing the tax exemption age for senior citizens to 60 years, the finance ministry rejected Parliamentary Committee’s proposal to raise income tax exemption limit to Rs3 lakh The Finance Ministry has rejected a Parliamentary Standing Committee’s recommendation to raise the...

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Moneylife Digital Team 01 April 2014
Foreign assets in India increased by $39.9 billion due to higher deposits, direct investments, equity and other investments During the December quarter, foreign owned assets in India increased by $39.9 billion to $776.1 billion over the previous quarter while Indian residents’...

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It may be presumed that Reliance will have to continue its supplies of gas, "on account basis", because, so far, no clear announcement has been made as to what would happen to pricing of natural gas It took several months of negotiation. From a high production, the fall in gas supplies...

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Moneylife Digital Team 31 March 2014
Mahindra group has merged its subsidiary, Mahindra Truck and Buses Ltd with its M&M Ltd for achieving greater synergy business Mahindra & Mahindra Ltd (M&M), one of the largest tractor manufacturers in the world, has informed in a regulatory filing that it has completed the merger of...

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