ECONOMY & NATION


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...

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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...

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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%...

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Moneylife Digital Team 11 April 2014
March is seasonally a positive month for the trade balance and hence, the latest data show a significant deterioration in India’s trade deficit India’s trade deficit widened to a larger-than-expected $10.5 billion in March from $8.1 billion in February, on weak exports and a sharp...

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Moneylife Digital Team 11 April 2014
Birla Power Solutions has submitted a proposal to Bombay High Court offering to repay money to its creditors of past eight years. However the Yash Birla group company will not pay interest to its fixed deposit holders The debt-ridden Yash Birla Group unit Birla Power Solutions Ltd (BPSL)...

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Moneylife Digital Team 11 April 2014
Nomura is optimistic on HCL, TCS, Tech Mahindra Global Outsourcing ACV of $5.7bn was up by 14% on year-on-year (y-o-y) basis, according to a Nomura Report. The IT sector also reported a better y-o-y traction of Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC), while USA...

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Moneylife Digital Team 11 April 2014
Maruti Suzuki is recalling over 1 lakh units of Swift, DZire and Ertiga for replacing a faulty fuel filler neck that may cause fuel smell and leakages Maruti Suzuki India Ltd (MSIL), the country's largest car maker on Friday said it will replace the ‘fuel filler neck’ of 1.03 lakh units...

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Moneylife Digital Team 11 April 2014
Nomura Research expects a stable earnings performance of the consumer sector and the volume growth to remain subdued in the first half. It is bearish on Hindustan Unilever, Colgate Palmolive and Jubilant Foodworks, while it remains optimistic about ITC and Godrej Consumer. Nomura...

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Reliance believes that the new price will be effective for supplies between 1st April and 30th June. Fertilizer companies, on the other hand, have taken a stand that whatever the new price is fixed by the government, it cannot be applicable 'retroactively' All the 16 urea producers have...

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Payments and settlements between PSUs and government departments that constitute a large market for the micro and small enterprises-MSEs have been very inefficient and these have been responsible for the creation of the NPAs in MSMEs Micro, Small and Medium Enterprises (MSME) occupy an...

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Moneylife Digital Team 10 April 2014
While Star Sports has accused the MSO of violating TRAI regulations by not informing customers in advance before offering its channels on a-la-carte basis, Hathway says it followed all the rules and regulations   A full blown war of words is out between Star Sports and Raheja...

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Moneylife Digital Team 10 April 2014
For the first time declaring himself as a married man Narendra Modi has reveale his wife’s name as Jashodaben in an affidavit submitted with his nomination from Vadodara Narendra Modi, the Prime Ministerial nominee from Bharatiya Janata Party (BJP) has for the first time declared himself...

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Moneylife Digital Team 10 April 2014
Piramal group is selling its entire 11% stake in Vodafone India for Rs8,900 crore, thus earning a whopping profit of Rs3,036 in just over two years Ajay Piramal-led Piramal group has decided to exit from Vodafone India Ltd by selling its entire stake at Rs1,960 per share.   In a...

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Moneylife Digital Team 10 April 2014
According to Morgan Stanley, Indian market's move relative to emerging markets will continue to occur before the elections rather than after it unless there is a material positive surprise in the outcome The world is about to witness the biggest election in history, which could herald a...

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Moneylife Digital Team 10 April 2014
Ramco Systems’ rights issue is priced at Rs155 per share, with a premium of Rs145 a piece. The issue would open on 5th May Ramco Systems Ltd (Ramco), an IT consulting and software company announced that it would raise Rs123.35 crore through rights issue to meet its capital requirements....

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Moneylife Digital Team 10 April 2014
For the first time declaring himself as a married man Narendra Modi has reveale his wife’s name as Jashodaben in an affidavit submitted with his nomination from Vadodara Narendra Modi, the Prime Ministerial nominee from Bharatiya Janata Party (BJP) has for the first time declared himself...

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Political appointments have the potential of bringing in people who carry with them their allegiance to New Delhi and thereby their vision being blurred while participating in policy decisions. Why can’t we have a pool of potential candidates for top posts? Search for talent for top...

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Moneylife Digital Team 10 April 2014
Piramal group is selling its entire 11% stake in Vodafone India for Rs8,900 crore, thus earning a whopping profit of Rs3,036 in just over two years Ajay Piramal-led Piramal group has decided to exit from Vodafone India Ltd by selling its entire stake at Rs1,960 per share. In a...

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Moneylife Digital Team 09 April 2014
EC is seeking detailed report on controversial remarks made by SP chief Mulayam Singh Yadav, RLD chief Ajit Singh and UP minister Azam Khan The Election Commission (EC) on Wednesday sought a detailed report from poll authorities in Uttar Pradesh on the controversial remarks made by...

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Moneylife Digital Team 09 April 2014
Ignoring plea from domestic users, the Congress-ruled regime has quietly imposed anti-dumping duty on PTA just a week before elections. The sole beneficiary of the duty is Reliance Industries, alleges industry chambers Just a week before the election, the Indian government has 'quietly'...

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