ECONOMY & NATION


Moneylife Digital Team 31 December 2015
Irrational price movement raises concerns   Pre-school chain Treehouse Education and Accessories went public in august 2011. The IPO was priced at Rs135-153 a share. Education is a sunrise sector and the stock was well-received. Its net profits were steadily moving up over the...

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Biswajit Choudhury (IANS) 31 December 2015
New Delhi : For India's energy sector, the past year held promise, thanks to a commendable fall in electricity shortage, a global recognition for the country's focus on renewables, a grand plan to shore up the finances of state-run utilities and a sharp fall in the cost its oil import basket...

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Moneylife Digital Team 31 December 2015
Auto sales will be muted across segments during December, due to the Chennai floods. Sales of passenger vehicles will face the maximum impact, says Nomura   The floods in Chennai earlier in December would affect auto sales during the last month of 2015, says Nomura in a...

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IANS 31 December 2015
Chennai : A major union in the banking sector, All India Bank Employees' Association (AIBEA) apprehends the uniform service condition between the State Bank of India and its five associate banks as sort of a precursor for merger, said a top union leader.   The union on Thursday said...

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IANS 31 December 2015
Bengaluru : Online food delivery and ordering platform Foodpanda India on Wednesday said it has slashed 300 jobs owing to high automation levels achievement in operations.   Foodpanda India CEO Saurabh Kochhar said the company reduced its workforce by 300 people (15 percent) as it has...

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IANS 30 December 2015
Bengaluru: British liquor major Diageo's Indian arm United Spirits Ltd (USL) has called for an extra-ordinary meeting (EGM) here to seek shareholders' nod for declaring itself "sick" owing to its net worth eroding more than 50 percent of its profits over the last four consecutive...

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IANS 29 December 2015
Chennai: French group BNP Paribas has decided to acquire 5 percent stake in Srei Infrastructure Finance Ltd (SREI) while exiting the unlisted outfit Srei Equipment Finane Ltd (SEFL), an equal joint venture with SREI.   In a regulatory filing with BSE, listed company SREI on Monday...

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Moneylife Digital Team 29 December 2015
While the Finance Ministry is reviving its mission to mandatorily quote PAN for financial transactions, the RBI cannot think beyond Aadhaar for financial inclusion   Reserve Bank of India (RBI) has come out with another strange idea for its financial inclusion drive. Instead of...

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IANS 29 December 2015
The CBI on Tuesday conducted searches at 58 locations of Samruddha Jeewan Group of companies across Maharashtra and Odisha in its ongoing probe in the multi-crore chit fund scam, an official said.   The agency carried out the searches at the office premises of the Pune-based private...

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IANS 29 December 2015
The registered publications in India recorded growth of 5.8 percent over previous year with Hindi publications claiming a combined circulation of over 25 crore followed by English at over six crore, according to the latest annual report of RNI, released here on Tuesday.   Bengali...

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IANS 29 December 2015
The realty sector reeled under fund crunch that has proved to be its biggest bane over the last few years   The hopes of an early turnaround of the beleaguered real estate sector, kindled by the installation of a stable, reform-oriented government headed by Prime Minister Narendra...

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IANS 29 December 2015
Several fashion events plugged the gap between women and men's fashion   Prime Minister Narendra Modi's sartorial taste continued to create waves as multiple designers made a splash in the growing segment of menswear and 2015 turned out to be a year for the style-conscious male to...

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Amit Kapoor (IANS) 28 December 2015
The RTP explicitly states that the performance of the Indian banking system remained subdued during the year due to a slowdown in the sector's balance-sheet growth   The RBI recently released two reports on the condition of banking and allied sectors in the India. The first is on...

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Rohit Vaid (IANS) 28 December 2015
The grand scheme, however, still hangs in the balance and awaits the union cabinet's approval   If the revival of an airline and return to profitability of some others marked the highlights in 2015 in Indian aviation, the year also went by without the government spelling out its...

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Fakir Balaji  and   Sharon Thambala (IANS) 28 December 2015
The National Association of Software Services and Companies (Nasscom) had initiated an ambitious programme in 2013 to incubate about 10,000 domain-specific start-ups across the country by 2020 for rolling out software products, solutions and apps for individual and enterprise users in...

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Biswajit Choudhury (IANS) 24 December 2015
Notwithstanding a sharp cut in the government's growth forecast at the fag end, 2015 will go down as the year when India emerged as the fastest-growing large economy, despite setbacks such as 12 months of negative export growth, another bad monsoon and roadblocks to the far-reaching goods and...

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IANS 24 December 2015
The CBI on Wednesday raided at least 18 different locations of Ramel Group of Industries across West Bengal in the chit fund scam, an official said.   "Searches are being conducted at 18 places in West Bengal in connection with investigation of case against Ramel Group. Searches are...

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IANS 24 December 2015
The BJP on Wednesday suspended its MP Kirti Azad, who has alleged large-scale corruption in Delhi's cricket body when it was headed by now Finance Minister Arun Jaitley. Azad termed the action "unfortunate" and vowed to fight on.   "He has been suspended with immediate effect for...

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IANS 24 December 2015
The winter session of parliament that concluded on Wednesday saw a tussle between the opposition and the government on a range of issues with many crucial bills, including the GST and real estate bill, not getting parliamentary approval.   The session, which started on November 26...

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IANS 24 December 2015
Parliament's winter session ended on Wednesday with both the houses adjourned sine die amid opposition uproar over various issues including the Ram temple construction in Ayodhya and alleged financial irregularities in Delhi's cricket board.   Rajya Sabha Chairman Hamid Ansari asked...

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