ECONOMY & NATION


Moneylife Digital Team 05 June 2014
Income Tax department has alleged that NDTV concealed material facts from the High Court, including its move to reduce its capital, merger between two subsidiaries and mortgaging property worth Rs50 crore without the I-T dept's knowledge   Updated 11 June 2014 On 6 May 2014, The...

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Moneylife Digital Team 05 June 2014
Anjali Damania and Preeti Menon have resigned from AAP. However, the party says both have resigned only from their posts and not from AAP Activist-turned-politician and Aam Aadmi Party (AAP) leader Anjali Damani has resigned from the party, ahead of the state Assembly elections.  

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Moneylife Digital Team 04 June 2014
AAP leaders Kejriwal, Sisodia and Yadav were granted bail in a defamation case after they furnished personal bonds of Rs10,000 each Aam Aadmi Party (AAP) leader and former chief minister of Delhi, Arvind Kejriwal and two other party leaders were on Wednesday granted bail by a Delhi court...

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Moneylife Digital Team 04 June 2014
Titan is well positioned to gain from an improvement in consumer spending with both the watches and jewellery segments set to see improved growth, says Nomura With growing expectations of a pick-up in GDP growth over the next two years, Nomura sees discretionary spending as a key...

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Moneylife Digital Team 04 June 2014
As economic growth picks up, India’s currently under-penetrated financial services sector could deliver significant and out-sized returns, says Morgan Stanley For India, a growth of 6.75% per annum is achievable over the next 10 years, which would translate to a $5 trillion economy by...

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Moneylife Digital Team 04 June 2014
Sumitra Mahajan has never lost the Lok Sabha elections since 1989 and was elected from Indore for the eighth time in the recently-held polls by a margin of 4.67 lakh votes Bharatiya Janata Party (BJP)'s senior leader and one of the most experienced Parliamentarians, Sumitra Mahajan is...

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Moneylife Digital Team 03 June 2014
A well-sold story during IPO generated lots of interest in Innoventive among institutional investors. One fine day, the profitable company's liabilities surged and its net loss widened. What went wrong? Innoventive Industries Ltd (Innoventive) a Pune-based iron and steel product...

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No doubt, Dharmendra Pradhan would do all that it takes to ensure work goes on smoothly, and clears approaching hurdles. The new minister, Dharmendra Pradhan, has a lot on his plate that the former UPA minister Moily left for him to handle.  It may be recalled that the major issue that...

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Moneylife Digital Team 02 June 2014
Following RBI directive last year, Italian CRIF has taken over cash-strapped High Mark Credit Information Services for an undisclosed sum As pointed out by Moneylife in November 2013,  Italy-based CRIF SpA has acquired majority stake in cash-strapped High Mark Credit Information Services...

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Moneylife Digital Team 02 June 2014
Indian Express' editor-in-chief Shekhar Gupta has resigned from the newspaper Shekhar Gupta, the editor-in-chief of the India Express, on Monday resigned from his post after spending almost 25 years with the newspaper.   In a letter to his colleagues, Gupta said, "It is time for...

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Moneylife Digital Team 02 June 2014
Following petroleum, gold is the second most imported item into India. Last year, the country’s total gold and silver imports dropped 40% to $33.46 billion, due to curbs imposed by the Indian government. The Indian government, on Monday reduced the import tariff value on gold and silver...

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Moneylife Digital Team 02 June 2014
NDTV did not disclose Rs450 crore tax notice to exchanges and argued that the matter was “sub-judice” and that it has received a stay. Was this the reason for the resignation of its compliance officer? Prannoy Roy-led New Delhi Television Ltd (NDTV), which did not disclose the Rs450...

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Moneylife Digital Team 02 June 2014
During May, inflation was a mixed bag, with input prices easing and output prices rising, therefore RBI is likely to retain its hawkish stance on Tuesday, but may pause for more clarity on inflation risks, says HSBC Led by higher order flows from both domestic and external sources, the...

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Moneylife Digital Team 30 May 2014
Total amount of bad loans or NPAs of J&K Bank could be five times more of what the lender has shown, says the newspaper Greater Kashmir. The stock hit lower circuit    Jammu & Kashmir Bank (J&K Bank) shares tumbled 20% on Friday following reports of the lender's alleged concealment of...

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Moneylife Digital Team 30 May 2014
NDTV has argued that the matter was “sub-judice” and that it has received a stay. Other listed companies, including Infosys, however, time and again have disclosed such information to the bourses   Prannoy Roy-led New Delhi Television Ltd (NDTV), was served a Rs450 crore demand notice...

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Moneylife Digital Team 29 May 2014
RIL's Independent Media Trust would use the Rs4,000 crore funding for  acquisition  of  control in Network18 group   Reliance Industries Ltd said its board approved funding of up to Rs4,000 crore to Independent Media Trust (IMT), of which the company is the sole beneficiary, for...

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Moneylife Digital Team 29 May 2014
In the context of his 10-point vision, PM Modi has emphasised that the most important aspect that need to be focussed on are efficient governance, delivery and implementation of schemes and programmes     Prime Minister Narendra Modi on Thursday asked his cabinet colleagues to set...

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Moneylife Digital Team 29 May 2014
Anupama Yellajoshyula, a US citizen holds a hefty 25% stake in the scam-ridden Prithvi Information Solution. Is she holding this stake on behalf of the promoters whose stake is down to just 6.42%?   Prithvi Information Solutions is a beleaguered Andhra Pradesh IT company that had once...

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Moneylife Digital Team 29 May 2014
Nomura has just released a research report, which puts together Gujarat's extraordinary achievements under Narendra Modi   There is widespread optimism around Prime Minister Narendra Modi’s ability to deliver faster growth. This stems from the reforms he oversaw as chief minister of...

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VK Sharma 29 May 2014
The greatest good, and the highest virtue of sustainable globalisation is that, it does not permit, except in the very short term, ‘unearned’ and ‘unshared’ prosperity but delivers ‘sustainable prosperity’ only if it is ‘earned’ and ‘shared’   As is invariably the case with any major...

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