ECONOMY & NATION


With corporates mandated to spend 2% of their net profit on CSR initiatives, can we expand use this into areas like foodgrain storage, adopting complete villages, helping railways in improving infrastructure etc., where it can make a huge impact? Thanks to the initiative taken by some...

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Moneylife Digital Team 24 February 2014
Nomura’s first cut calculations suggest that CERC’s final tariff regulations entail a potential 3%-4% dent (on the lower side for power sector) to its earnings forecast for Power Grid Corporation post FY14, says Nomura in a research note   The Central Electricity Regulatory Commission...

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Moneylife Digital Team 24 February 2014
SEBI bars Prayag lnfotech Hi-rise and its directors from soliciting money from the public as the company is alleged to engaged in fund mobilising activity through issue of redeemable preference shares Market regulator Securities and Exchange Board of India (SEBI) has barred Prayag...

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Moneylife Digital Team 24 February 2014
Nomura’s first cut calculations suggest that CERC’s final tariff regulations entail a potential 11%-13% dent to its earnings forecast for NTPC post FY14 For NTPC, the Central Electricity Regulatory Commission (CERC) issued the final tariff regulations for the period FY15-19 – these...

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Moneylife Digital Team 24 February 2014
In a positive for Gujarat State Petronet (GSPL), PNGRB has re-computed the transmission tariff for GSPL’s High Pressure network by 11% to Rs26.6/mmbtu, says Nomura in a research note The regulator Petroleum & Natural Gas Regulatory Board (PNGRB) has re-computed the transmission tariff...

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Moneylife Digital Team 24 February 2014
RBI approved IDFC’s resolution to decrease foreign investment limit to 52.50% from 54%, the maximum allowed for FIIs The Reserve Bank of India (RBI) approved a special resolution passed by shareholders of IDFC Ltd, to reduce investment limit to 52.5% from 54% for foreign institutional...

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United Bank’s CMD opted for VRS as the lender reported 194% jump in its NPAs for the December quarter. This also brings forward the opaque procedures and appointments of statutory auditors and independent directors followed by India Inc As if, the unprecedented rise of 194% in the...

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Hitisha Jain 24 February 2014
With full dedication, Pavithra YS of e-Vindhya InfoMedia, made her mark by creating job opportunities for people with disabilities for its operations in data management, data entry, processing and conversion Seven years ago, Pavithra YS started Vindhya e-InfoMedia in Bengaluru as a...

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Prof Anil Agashe 24 February 2014
Handholding of a new borrower increases business possibility for future. Banks can be strict as a lender at right time but should be ready to act as friend and guide of the borrower, when required I have always believed that banks need to do handholding, especially of those entrepreneurs...

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Are the US and other developed countries responsible for the emerging market issues? Or in the alternative, are the all the emerging market troubles home grown? It will be interesting to see who the developed countries blame when the problems they created for emerging markets return home

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Ordinary borrowers often complain about difficulty in getting loans, while some large borrowers just get it on a platter. This also highlights high operational risks associated with people and process that may be responsible for increase in bad loans or NPAs   Non-performing assets...

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Moneylife Digital Team 21 February 2014
According to RBI survey, foreign banks operating in India generated more income from fee-based business like derivatives, stock, securities, foreign exchange trading services and financial consultancy or advisory services   Foreign banks operating in India are generating more...

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India must ensure taking the opportunity to push its export, targeting, particularly the Middle East, Africa and South Asia instead of resorting to ‘floor price’ ideas, which may not work all the time   According to the statistical data available, thanks to the timely monsoon, which...

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Moneylife Digital Team 20 February 2014
Pushpam Appalanaidu, MD of QuestNet India was arrested at Chennai International Airport following a look out notice from the Andhra Pradesh CID. Appalanaidu, a Malaysian, faces 21 criminal cases of cheating for duping investors for Rs160 crore Immigration authorities at the Chennai...

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Konica Bhatt 20 February 2014
“It’s not as difficult as it looks. You should have the conviction as well as a lot of self-confidence to do business”, says Amrit Borkakoty of ‘Serenity: Blissful Living’, an interior styling boutique from Mumbai Amrit Borkakoty is the proud owner of 'Serenity: Blissful Living', a...

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Moneylife Digital Team 20 February 2014
After the purchase, promoter group holding in GlaxoSmithKline Pharmaceuticals will go up to 75% from the current 50.67% stake   The Indian government on Thursday cleared a foreign direct investment (FDI) proposal worth Rs6,400 crore of healthcare company GlaxoSmithKline to acquire...

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Moneylife Digital Team 20 February 2014
The Supreme Court said that appropriate government has the power to remit sentence but it has to follow the laid down procedure Stalling the Jayalalithaa government’s decision to free all the assassins of Rajiv Gandhi, the Supreme Court on Thursday restrained the Tamil Nadu government...

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Moneylife Digital Team 19 February 2014
Following the Supreme Court verdict, the Jayalalitha government decided to release all convicts in the Rajiv Gandhi assassination case, including Nalini, Perarivalan, Santhan, Murugan, Robert Pious, Jayakumar and Ravichandran The Tamil Nadu Government on Wednesday decided to release all...

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Moneylife Digital Team 19 February 2014
The HC also directed the counsel for Delhi government to seek instructions and file an affidavit indicating the actual position regarding the proposal of Kejriwal government The Delhi High Court on Wednesday directed the city government not to implement the 50% subsidy announced by it to...

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Hitisha Jain 19 February 2014
That is the advice of Shubhra Bharadwaj of Ferriswheel Entertainment, which has carved a niche for herself in a highly competitive event management industry In just five years after she started Ferriswheel, a Mumbai-based event management company, Shubhra Bharadwaj has managed several...

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