ECONOMY & NATION


Moneylife Digital Team 20 March 2014
Even if the BJP-led government comes to power, it may not mean the start of an investment cycle, cautions Credit Suisse because only a fourth of projects are stuck with the central government; the rest are constrained by overcapacity, balance sheets, or state governments At the cusp of...

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The crisis in Ukraine may give India an opportunity to export more wheat, provided we ship out more, as our central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs Despite the US and European threats and entreaties, Russia went ahead supporting the...

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Abhirup Ghosh 20 March 2014
RBI’s initiatives to curb NPAs are good and would help minimise the stress. However, given the past record on a number of failed reforms, one question arises – can the regulator alone be able to tackle rising NPAs deftly? Good health of banks is critical to the health of the economy and...

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Moneylife Digital Team 19 March 2014
Unless there is much volatility in the rupee, margins can be maintained within its guided range of 26%-28% for Tata Consultancy Services, according to Nomura in its research note Tata Consultancy Services (TCS) was the biggest loser today, falling 3.84% to close at Rs2,040.95. TCS said...

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Moneylife Digital Team 19 March 2014
With more steel capacity coming on stream, the iron ore shortage will only increase. CARE Ratings suggest a control on iron ore exports With the curb on illegal mining in two major iron ore producing states (Karnataka and Goa accounting for more than 35% share of the domestic...

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Moneylife Digital Team 19 March 2014
If you look beyond CY14F, Mahindra and Mahindra looks attractive, forecasts Nomura Mahindra and Mahindra expects 8%-10% volume growth for both UVs (utility vehicles) and tractors in FY15. For autos, while the new launch cycle will begin in 2015, some major refreshes are planned in 2014....

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RBI stays mute but must be held responsible An interesting aside to the controversy at United Bank of India is that no political party or opposition leader has questioned RBI or the finance ministry on the rapid decline of this bank, for a second time. A hallmark of the United...

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Can Coal India be restructured into smaller independent units, in order to ensure serious competition and to ensure production and development of coal resources in the country? According to statistical data available, Coal India is heading towards a fall in production during this fiscal,...

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Moneylife Digital Team 18 March 2014
While loan impairments in the system were going up, the private banks had enough profitability and capital as a buffer. Also, price-earnings multiples were inexpensive, says Morgan Stanley Big private lenders – HDFC Bank, HDFC, ICICI Bank and Axis Bank – have been attractive investments...

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Moneylife Digital Team 18 March 2014
Dhoni had filed a defamation suit claiming Rs100 crore damages from the Zee Media for allegedly telecasting 'malicious' news that he was involved in betting, spot and match fixing of IPL matches The Madras High Court on Tuesday restrained TV channels like Zee News and News Nation from...

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Moneylife Digital Team 18 March 2014
Nandan Nilekani, while heading Infosys, never had second thoughts on recruiting people other than those who secured the highest grade. However, he is now all for reservations and wooing 'poor' voters Many people are surprised at the rapid conversion of Nandan Nilekani, the former head...

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Moneylife Digital Team 18 March 2014
AstraZeneca Pharma India board approves delisting offer from its Sweden based promoters AstraZeneca Pharmaceuticals. However, it is yet to obtain approval of its shareholders AstraZeneca Pharma India Ltd (AZ India) said its board approved delisting proposal received from its parent...

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Small businesses contribute 45% to India’s national income and big businesses only 15%. But it is the latter that the media fawns over Until India embarked on economic liberalisation, government officials, especially in Delhi, took a perverse pleasure in keeping industrialists waiting in...

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Moneylife Digital Team 18 March 2014
MSIL’s net profit and free cashflow generation will get a boost due to lower capex requirements, points out Nomura in a research note The entire capex of the Gujarat expansion plan (1.5mn unit capacity) would be funded by depreciation and equity brought in by Suzuki Motor Corporation –...

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Justice (retd) Rajindar Sachar 18 March 2014
The Parliament could have passed some of the pending Bills, including the Grievances Redress Bill and the Whistle-blowers Bill. However, the self-flagellation and ego of the Congress combined with antics of the Opposition turned everything topsy-turvy There was recently a frantic race...

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Default of one small solar company or one medium sized steel mill does not foretell an immediate collapse of the Chinese bond market. But it is a very clear warning of its direction It finally happened. A Chinese domestic bond has defaulted. It was the first default since the Chinese...

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Moneylife Digital Team 15 March 2014
Maruti Suzuki has now decided that the cost of capex would be funded by the Gujarat plant’s depreciation and only by further equity infusion by Suzuki itself and it would seek approval from minority shareholders for the deal   After a hue and cry from several investors, including...

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Moneylife Digital Team 14 March 2014
Results of a survey of top banks by CARE Ratings The main challenges faced by banks encompass both the prevailing economic and business environment as well as evolving developments of this industry. This is according to a survey of banks taken up by CARE Ratings. The survey results have...

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Moneylife Digital Team 14 March 2014
The underlying WPI inflation trend is around 5.5%, with a mix of factors creating volatility around this trend WPI (wholesale price index) inflation moderated to 4.7% year-on-year in February 2014 from 5.0% in January 2014. The moderation was due to lower input cost (primary + fuel)...

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Moneylife Digital Team 14 March 2014
Kicking off a fresh controversy, AAP leader Kejriwal alleged that 'heavy amounts' have been paid to promote Narendra Modi Aam Aadmi Party (AAP) leader Arvind Kejriwal has accused the 'whole' media of being 'sold out' to Bharatiya Janata Party (BJP)'s prime ministerial candidate and...

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