ECONOMY & NATION


Due to tightening of the foreign exchange situation in India, Iran decided not to accept more than 45% of the money in Indian rupees. The shipment has come down to 194,000 barrels per day of Iranian crude oil as against 324,000 barrels per day last year Imports of Iranian crude, during...

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Moneylife Digital Team 07 November 2013
S&P's negative outlook for India indicates that it may lower the rating to speculative grade next year if the government that takes office after the general election does not appear capable of reversing the country's low economic growth Ratings agency Standard & Poor's (S&P) affirmed the...

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Moneylife Digital Team 07 November 2013
Baja Electricals share soars 5% up at Rs183.10 in early trade Thursday as the company said it won three power distribution projects in Bihar worth Rs757 crore Bajaj Electricals Ltd has said its engineering and project business unit had won power distribution projects worth Rs757 crore in...

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While a few last minute approvals and clearances are expected shortly, NTPC is now set to get coal from its own captive mines at Pakri Barwadih coal block in Jharkhand, a major step in the right direction NTPC is India's largest power generator whose coal requirement for 2013-14 is...

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KK Sharma 07 November 2013
Nothing is known as to what either happened or is happening inside the regulatory bodies responsible for clearing the Jet-Etihad deal. What is clearly known is that it is pending before the Competition Commission for quite some time now. It may not be a big surprise if the 210 days time limit...

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What is of greater significance is the slipshod way the onion trade is left in an uncontrolled fashion by the government! The party that can assure and deliver the supply of commodities at fair prices will succeed in the ensuing election Assembly elections are due in five states,...

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Moneylife Digital Team 05 November 2013
Nomura says it prefer private banks as a play on a likely positive surprise in inflation and as a hedge against a potential temporary growth uptick As rate-cyclical, private banks stand to benefit from any reassessment by the market regarding the probability of further monetary...

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Moneylife Digital Team 05 November 2013
HSBC/Markit PMI for India’s services industry inched up to 47.1 in October from 44.6 in September, the fourth successive monthly contraction of services sector output across the country India’s services sector activity witnessed a moderate improvement in October from a four-and-a-half...

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Some applicants may have proposed or indicated their plans to take over or buy out some of the smaller banks in existence; or even have had 'secret' talks for mergers. If such offers are part of the applicant's ‘mission’ to improve and reach out to the rural areas, including extending service...

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The world was pushed into a global recession when the US debt mountain collapsed in 2008. At present, overall debt burden relative to GDP is higher in India, Indonesia, Thailand, South Korea, China and Malaysia, up to 30% higher than in the US. What will be the effect if the global debt...

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Moneylife Digital Team 01 November 2013
Inflationary pressures are rising sharply, suggesting a stagflation-type scenario in the economy with domestic consumption and investment likely to remain weak in FY14, says Nomura in its research note on manufacturing PMI data for October 2013. The manufacturing PMI averaged 49.4 in Q3...

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Moneylife Digital Team 01 November 2013
According to ICRA, motorcycles segment, which accounts for over 70% of two-wheeler industry volumes in India, remains the primary weak spot Ratings agency ICRA Ltd, an associate of Moody's Investor Service said, it expect domestic volumes for two-wheelers to remain flat during FY2013-14...

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Moneylife Digital Team 01 November 2013
According to Nomura, the demand for autos during the festive season so far is not so great and dealers expect flat growth in October volumes Auto sales in October 2013 is not exciting despite the festival season with car volumes likely to decline 8% to 10% while two-wheeler sales may...

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Moneylife Digital Team 01 November 2013
SEBI approved the appointments of former home secretary GK Pillai as chairman and Thomas Mathew as vice-chairman of MCX-SX MCX Stock Exchange Ltd (MCX-SX), the newest stock exchange in India said, it appointed former home secretary Gopal Krishna (GK) Pillai as its chairman and Thomas...

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The government needs to re-establish that it truly wants international organisations to come into the country and work, hassle-free, in the oil and gas sector In the last few weeks, there have been important developments relating to the oil industry. The tug-of-war between Reliance...

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Moneylife Digital Team 31 October 2013
Jignesh Shah’s resignation leaves MCX in the hands of all non-promoter and nominee directors Jignesh Shah, the promoter of Multi Commodity Exchange of India Ltd (MCX), the country's largest commodity exchange, has resigned as non-executive chairman of the Exchange. Last week, the Board...

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Following the recommendations of Rangarajan Committee, Karnataka took the lead in setting up Sugar Control Board to fix cane price based on prices realised for sugar and allied products. But the process for fixing sugarcane prices has not been smooth so far For the 12 months ending in...

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The second-hand car market in India is picking up and becoming more lucrative. Plus, comments on Hyundai i10 and the much awaited Royal Enfield Cafe Racer. Anew hatchback today will cost you Rs10 lakh or more, depending on the configuration. A second-hand one with similar specs, around...

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Moneylife Digital Team 31 October 2013
Mr Thimiri, the so-called CEO of the controversial MLM, owns registered trademark of QNet in India. He also admitted before the High Court that his company Transview imports and manufactures products for selling to Vihaan Direct, the official franchisee of QNet in India The case of QNet,...

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The Reserve Bank must tender accountability in order to claim and enjoy autonomy from the government. Scale notwithstanding, lobbying, as a strategy, is also debatable Accountability and ethics are very crucial to the survival of the financial sector and there is no doubt that there has...

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