ECONOMY & NATION


Moneylife Digital Team 02 July 2013
The policy aimed at protecting information and building capabilities to prevent cyber attacks and to safeguard both physical and business assets of the country The government today released the National Cyber Security Policy 2013 aimed at protecting information and building capabilities...

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Moneylife Digital Team 02 July 2013
Each truck with 15 people on board was carrying around 35 bags, allegedly stuffed with cash and valuables Four trucks carrying over 150 bags of cash and other valuables have been seized by the investigating wing of Income Tax (I-T) department and National Investigation Agency from...

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The first unit of the ONGC Tripura Power Company is set to go on stream in the next few days. Besides supplying power to the seven eastern states, the Tripura government had committed supplying power to Bangladesh ONGC’s gas-based Tripura Power Company (OTPC) set up at Palatana in...

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Moneylife Digital Team 01 July 2013
The combined index of these industries—coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity—was at 159.2 in May 2013 with a growth rate of 2.3%, according to official data Growth in eight infrastructure industries slowed to 2.3% in May...

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Moneylife Digital Team 01 July 2013
Overall, even as the PMI improved in June, the internal factors (rise in inventory, the fall in domestic orders to sub-50, rise in input costs) are not encouraging, said Nomura in its Asia Insights report After falling for three consecutive months, India’s manufacturing PMI rose to 50.3...

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Moneylife Digital Team 01 July 2013
“We have an open mind. We are disinvesting in Neyveli only for one reason, mainly to comply with the SEBI regulations. If there is another way to comply with SEBI regulation why should I shut my mind to that? Finance minister P Chidambaram said The Centre will consider the Tamil Nadu...

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Moneylife Digital Team 01 July 2013
The move is a part of the Indian two-wheeler major’s strategy to enhance technological prowess, post the break up of the erstwhile joint venture with Honda—Hero Honda India’s largest two-wheeler maker Hero MotoCorp today said it has picked up 49.2% stake in US-based Erik Buell Racing...

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Moneylife Digital Team 01 July 2013
A two-member SC bench rejected the pleas of the telecom companies that they be tried in a magisterial court unlike other accused in 2G cases as they have not been charged under Prevention of Corruption Act The Supreme Court on Monday dismissed the pleas of Essar Teleholdings and Loop...

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Moneylife Digital Team 01 July 2013
During the month of June, the total new orders fell for the first time since March 2009. Export business, however, rose at the sharpest rate since January as demand from key foreign clients strengthened India’s manufacturing sector activity remained broadly flat in June as new orders...

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The new price of gas at $8.40 will be applicable to all types of gas, shale, coal bed methane or conventional. Coal methane gas is more likely to be tapped as compared to shale because the latter requires enormous amounts of water in the separation process The Cabinet Committee on...

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The new price of gas at $8.40 will be applicable to all types of gas, shale, coal bed methane or conventional. Coal methane gas is more likely to be tapped as compared to shale because the latter requires enormous amounts of water in the separation process The Cabinet Committee on...

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While the overall passenger vehicle market remained stagnant, UVs and SUVs priced below Rs15 lakh recorded 54% growth in FY13. With very attractive pricing and features, Ford's Ecosport will challenge M&M's Quanto, Maruti Suzuki's Ertiga and Renault's Duster—at least initially With a...

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Moneylife Digital Team 28 June 2013
The rupee it rebounded to a high of 59.21 before settling at 59.39, a rise of 80 paise, or 1.33%. This is rupee’s biggest single-day gain since 21 September 2012, when it had gained 93 paise, or 1.71% In line with the surge in stocks, the rupee today rose by a staggering 80 paise, its...

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Moneylife Digital Team 28 June 2013
Following an uproar about the flawed methodology of calculating property tax, the BMC has now extended the last date for paying tax by three months Municipal Corporation of Greater Mumbai (MCGM) or BrihanMumbai Municipal Corporation (BMC) has extended the last date to file property tax...

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Moneylife Digital Team 28 June 2013
Bajaj Auto expects the Indian automotive industry to go through turbulent times in the coming year while Nomura’s outlook on the company is ‘neutral’ and believes that the stock is worth Rs1,966 Bajaj Auto, even though fundamentally strong, expects the two-wheeler industry to remain...

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Moneylife Digital Team 28 June 2013
The regulator will be empowered to specify the principles and methodology for determination of price of raw coal and washed coal and any other by-product generated during washing   The government on Thursday approved setting up of Coal Regulatory Authority which will be empowered to...

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Moneylife Digital Team 28 June 2013
The Cabinet Committee for Economic Affairs on Thursday approved the proposal to hike the natural gas price to $8.4mmBtu from the current $4.2 per mmBtu with effect from April 2014   Biting the bullet, the government on Thursday approved near doubling of natural gas prices to $8.4 per...

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Moneylife Digital Team 27 June 2013
Nomura’s latest forex report on India says that the rupee is likely to remain weak, with very few tools available at the disposal of the RBI Nomura estimates that despite net portfolio outflows of $6.7 bilion, largely from debt over the last month, foreign positioning in India in equity...

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Moneylife Digital Team 27 June 2013
Prudent fiscal policy combined with structural reform is the way forward and the Indian economy simply cannot afford the Food Security Bill, says Nomura The sharp downturn that the rupee’s trajectory has taken recently has sparked off concerns about an interest rate hike as a possible...

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Moneylife Digital Team 27 June 2013
The NCDRC passed the order while pulling up Sahara for not updating its accounts regarding the repayment of a loan availed by one of its investors against the investment he had made in the scheme The National consumer redressal commission has penalised Sahara India with a fine of...

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