ECONOMY & NATION


Sunil Mahajan 05 January 2016
Sustained low interest rates were the prime originators of the financial crisis in 2008. With the ECB changing its interest rates, there is a fear that seeds of another financial crisis may be sown with widespread negative interest rates   The return on investment in any instrument is...

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Moneylife Digital Team 05 January 2016
RIL appears to be entering into private taxi service business to compete with Uber and Ola using CNG-fitted cars to keep its costs down    Updated on 6 January 2016 at 6.05pm to include reply from RIL official   Mukesh Ambani-led Reliance Industries Ltd (RIL) is apparently...

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IANS 05 January 2016
Volkswagen could face penalties exceeding $90 billion, or as much as $37,500 per vehicle per violation of the law, Xinhua cited a senior Justice Department official as saying on Monday   German car maker Volkswagen may face billions of penalties as the US Justice Department filed a...

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IANS 04 January 2016
New Delhi : The National Association of Software and Services Companies (Nasscom) on Monday said differential pricing of data should not become a tool that facilitates market dominance or enables anti-competitive behaviour by either telecom service provider or platform...

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IANS 04 January 2016
Beijing : Chinese shares tumbled heavily in the morning session on Monday, the first trading day of 2016, with the benchmark Shanghai Composite Index nose-diving over four percent.   At 10.16 a.m. (local time) the benchmark Shanghai Composite Index slumped 4.03 percent and the smaller...

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IANS 04 January 2016
New Delhi : Finance Minister Arun Jaitley will hold pre-Budget 2016-17 consultations with agriculture groups and trade unions on Monday, as part of his programme of discussions with different stakeholders, including industry and economists.   The finance minister's discussions with...

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IANS 31 December 2015
New Delhi : The country's fiscal deficit has touched 87 percent of the budgeted amount, showing a worrying trend in government expenditure which is likely to overshoot what has been approved by parliament.   The total fiscal deficit till November-end for the 2015 was Rs. 4.84 lakh...

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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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