ECONOMY & NATION


Moneylife Digital Team 26 April 2016
Changed product mix and capacity expansion may sustain growth   Ceat, the Mumbai-based tyre producing firm, has been a great wealth-creator over the past three years. From just around Rs100 in September 2013, the stock is now quoting at around Rs1,150, a humungous rally of 1,000% in...

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Moneylife Digital Team 26 April 2016
Low input costs, strong outsourcing linkages and government policies may keep the tiles sector growing   The tiles sector has been doing well for the past few years, thanks to three key factors which will not disappear soon. One, the organised tiles sector has been following the joint...

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The company will be investing Rs1,000 crore this year in setting up five to six new processing units of its various products in different states   Patanjali Ayurved is expecting 150 percent growth in 2016-17, reaching an over Rs10,000 crore turnover in the current fiscal, its founder...

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Dr. Swamy is among several new members nominated to the Rajya Sabha, including former cricketer and MP, Navjot Singh Sidhu   Dr Subramanian Swamy, a former union minister was sworn in as Member of Parliament (MP) today along with Olympic medallist and five time world boxing champion...

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Sugandha Rawal (IANS) 26 April 2016
The show narrates story of a successful New York lawyer Rebecca Bunch, who decides to follow her ex-boyfriend, Josh Chan, to suburban West Covina, California. It accounts her romantic rendezvous in a hilarious manner interwoven with the use of music   She has never been to India but...

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Moneylife Digital Team 25 April 2016
The company has not paid at least 37 workers for the past three months, while customers on annual contracts have also been left in the lurch   MyHomeMaker, which calls itself a CRISIL-NSIC rated organisation seems to have gone belly-up leaving at least 37 skilled carpenters, plumbers,...

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Will SEBI initiate ‘immediate action’ on lapses and constitute a team with ‘appropriate background ’ as recommended by its own expert committee?   The powerful technical advisory committee (TAC) of the Securities & Exchange Board of India (SEBI) conducted a detailed investigation of...

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Rajan's total monthly emoluments, which stood at Rs1,98,700, were less than that of three others - Gopalkrishna Sitaram Hegde (Rs4,00,000), Annamalai Arappuli Gounder (Rs2,20,355) and V Kandasamy (Rs2,10,000)   Reserve Bank of India Governor Raghuram Rajan is not its highest-paid top...

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India Skills Report says that 21.05% of candidates for management positions in 2016 will be hired in the pharma and healthcare sectors   India's pharmaceutical industry, with a market size of over Rs.2 lakh crore, ranks third in volume and 13th in value across the globe, it was...

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Moneylife Digital Team 22 April 2016
Nomura expects GDP growth to recover to 7.8% in 2016 from 7.3% in 2015, due to higher public capex, upcoming pay commission awards and a normal monsoon and better agricultural growth   Nomura says its economic heat-map of high-frequency data indicates that economic activity rebounded...

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Mohit Dubey (IANS) 22 April 2016
Mallya, 61, received Rs.50,000 as Rajya Sabha MP's salary and Rs.20,000 per month as constituency allowance between July 1, 2010, and September 30, 2010   Lucknow : Liquor baron Vijay Mallya may be a billionaire, but he did not hesitate to claim amounts as little as Rs.20,000 as...

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New Delhi : Telecom regulator TRAI on Thursday defended, in the Supreme Court, its decision to impose call drop penalty on the telecom service providers (TSP) describing it as a "least invasive way to deal with the issue".   Defending the Delhi High Court order upholding its call drop...

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Bengaluru : British liquor major Diageo plc on Thursday contested the Debt Recovery Tribunal's jurisdiction to attach the $75 million deal it signed with industrialist Vijay Mallya his exiting its Indian arm United Spirits Ltd (USL).   "The tribunal has no jurisdiction to attach the...

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New Delhi : The spate of deals for sharing and trading of communications spectrum is aimed more at consolidating resources for data, thanks to a 120 percent growth in the segment in the past two years with an appetite for more, ratings agency ICRA has said in a report.   "Data...

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Mumbai : SpiceJet on Wednesday said the Competition Appellate Tribunal (COMPAT) has set aside an impugned Competition Commission of India (CCI) order penalising the low-cost airline and two more rivals for alleged concerted action in relation to cargo fuel surcharge.   "COMPAT vide...

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Hyderabad : A city court on Wednesday convicted now defunct Kingfisher Airlines chairman Vijay Mallya in a cheque bounce case.   The 14th Additional Chief Metropolitan Magistrate convicted the industrialist under section 138 of Negotiable Instruments Act.   The court will...

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Moneylife Digital Team 20 April 2016
Existing banks and new challengers would increasingly engage, target and segment consumers on the new battleground – transactions, says a research report   With the Reserve Bank of India (RBI) issuing differentiated licenses, the competitive landscape for incumbent banks is changing...

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Pune : After coming under attack from Finance Minister Arun Jaitley for his "one-eyed king" comment on India's growth rate, Reserve Bank of India (RBI) Governor Raghuram Rajan on Wednesday seemed to offer the peace pipe to the Centre saying that the country's current growth rate reflects the...

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New Delhi : Internet giant Google on Wednesday launched the newest version of Google Chromecast and Chromecast Audio to make streaming faster and easier for the India consumers.   Chromecast is a line of digital media players developed by Google. Designed as small dongles, the devices...

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Nishant Arora (IANS) 20 April 2016
New Delhi : The heat is slowly picking up in the burgeoning VR gaming market and Indian VR players are set to jump on the bandwagon. The $599 Oculus Rift virtual reality (VR) device is now being shipped. The $799 high-end HTC Vive is set to hit the global market later this year and Sony's...

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