ECONOMY & NATION


Moneylife Digital Team 16 September 2013
Lupin’s US unit will soon commence marketing the tablets used for the treatment of insomnia characterized by difficulties with sleep onset or sleep maintenance Pharmaceutical company Lupin Ltd (Lupin), said it received a final approval for its Zolpidem Tartrate extended - release tablets...

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Moneylife Digital Team 16 September 2013
Asia Index, the JV between BSE and S&P Dow Jones aims to an array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies The BSE (erstwhile Bombay Stock Exchange) and S&P Dow Jones have formed a joint venture, 'Asia Index' to provide an array...

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Aditi Jhunjhunwala 16 September 2013
It is premature for the regulators to implement some sections of the new Companies Act without relevant exemption notifications. Technically, this means both the Acts, the new 2013 Act as well as 1956 Act, are currently in operation The Regulators seem to be either in haste and...

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With substantial amounts of coal deposits, which are sitting pretty and not developed well despite fuel shortages, we are talking in terms of spending time, money and energy on items like shale gas. This makes one wonder if the government is really serious about environment issues, which are...

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An analysis by Association of Democratic Reforms -ADR of Income Tax returns and statements filed by Congress, BJP, CPI-M, CPI, NCP and BSP with the Election Commission shows that between 2004 to 12, these political parties received funding worth Rs3,675 crore through unknown sources

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Moneylife Digital Team 13 September 2013
As expected, the BJP announced that Narendra Modi will be the party's candidate for prime ministership in 2014    After keeping speculations ripe for days, months, the Bharatiya Janata Party has named Gujarat chief minister Narendra Modi as its prime ministerial...

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Moneylife Digital Team 13 September 2013
Indian Bullion Markets Association-IBMA, indirectly owned by Financial Technologies, is the biggest member-creditor in the NSEL system. Who were IBMA’s clients? The biggest was Sahara Q Shop (19%) followed by a large number of commodity brokers like KR Choksey Commodity, Almondz Commodities...

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Moneylife Digital Team 13 September 2013
Weak demand and cost-push inflation is likely to result in a stagflation-type scenario in India over the coming period. Political uncertainty is also set to rise in the coming months due to the upcoming state and the general elections, points out Nomura in its Asia Insights research note

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Moneylife Digital Team 13 September 2013
Credit growth is likely to come down to 2.6% in 2013-14 compared to 10%-11% level seen over FY07-11 Based on recently released corporate capex data from RBI, trends continue to be weak for the Indian banking system, observes Nomura Financial Advisory and Securities (India) Private...

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Nidhi Bothra 13 September 2013
In the absence of rules providing for the conditions applicable to securitisation trusts for the Chapter XII-EA, the worst apprehensions of the industry may come true, as the whole Chapter would become inoperative The securitisation industry, it seems must learn to live with the...

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There appears to be no other suitable alternative but accept or introduce a dual exchange rate to be kept operational for a year at least In the last six months, the rupee has lost 13.83% of its value and after touching a low of Rs68.85 against the US dollar, is slowly recovering. Its...

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Moneylife Digital Team 12 September 2013
The IIP data for June 2013 was revised from 1.78% to 2.2% dip in production   The General Index for industrial output for the month of July 2013 stands at 171.5, which is 2.6%  higher  as  compared  to  the  level  in  the  month  of  July  2012.  The cumulative growth for the period...

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Moneylife Digital Team 12 September 2013
Food prices for consumers eased to an annual 11.06% in August from 11.24% in July 2013, according to data on consumer price index for urban and rural India for August 2013 released by MOSPI   The annual consumer price inflation eased marginally in August 2013 to 9.52% in line with...

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Moneylife Digital Team 12 September 2013
According to RBI it is necessary to build a repository of large credits and share it  with banks so that the lenders are aware of building leverage and common exposures The Reserve Bank of India (RBI) has decided to create a central repository on large borrowers, both individuals and...

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Moneylife Digital Team 12 September 2013
Although domestic car sales grew 15.4% and two-wheelers by 3.8%, all other segments experienced drop in sales during August. Even car sales growth is attributed to low base effect from last year Notwithstanding the 15.4% growth in domestic car sales and 3.8% increase in monthly sales for...

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Moneylife Digital Team 12 September 2013
Raghuram Rajan, the new governor of RBI, believes that the economic mess that the country finds herself in is not structural and can be fixed in incremental steps While admitting that the Indian economy has serious problems to overcome, Raghuram Rajan, the new governor of Reserve Bank of...

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Dilnavaz Variava 12 September 2013
The hype for promoting GM is that it increases food security. India produced bumper stocks of food grains, all without GM, yet 200 million people are hungry. GM will not address the issues of poverty, poor storage and corruption, which deprive the poor of food. This is the second part of a...

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Favourable monsoons have brightened the possibility of foodgrain export in order to reduce the current account deficit- CAD for India. While prices fluctuate in the international market, export we must Although some parts of the country did not get adequate rainfall, India experienced a...

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Moneylife Digital Team 11 September 2013
SEBI renews MCX-SX recognition but directs the bourse and its Clearing Corporation to strengthen governance structure in a manner that Jignesh Shah’s team virtually loses management control or core decision-making powers to a team of directors    In a late night development, the...

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Moneylife Digital Team 11 September 2013
Jaypee group has been trying to monetise Jaypee Cement's assets in Gujarat since past year UltraTech Cement, the country's largest cement producer said it would buy 51% stake in Jaypee Cement Corp's unit in Gujarat for about Rs4,000 crore.   Jaypee Cement's Gujarat facility has a...

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