ECONOMY & NATION


Moneylife Digital Team 12 September 2014
Maharashtra and Haryana would go to polls on 15th October in a single phase and election results would be declared on 19th October   Maharashtra and Haryana are set to go to polls on 15th October as per the legislative assembly election schedule announced by the Election Commission....

Read More



Moneylife Digital Team 12 September 2014
With car sales recording a volume growth of 15% and two-wheelers continuing their upward march with 19% higher sales during August, the beginning of this year's festival season has brought cheers to the Indian auto industry   August 2014 proved to be a splendid month for Indian auto...

Read More



Moneylife Digital Team 12 September 2014
The EC had asked Chavan why he should not be disqualified for failing to give his true and correct expenses incurred in 2009 Assembly polls   The Delhi High Court on Friday set aside an order issued by the Election Commission (EC) holding Maharashtra's former chief minister Ashok...

Read More



Iranian government has kept funds worth $4 billion, interest free, in UCO Bank, due to Islamic principles of not taking 'interest'. While respecting this gesture, what we can suggest to them is to spend a billion or two for investing in certain industries in India that would benefit both...

Read More



Moneylife Digital Team 11 September 2014
The Magistrate Court in Muzaffarnagar returned the chargesheet against BJP chief Amit Shah to the police, saying they had not followed rules   In an embarrassment to the UP Police, a court in Muzaffarnagar on Thursday refused to take cognisance of the charge sheet against Bharatiya...

Read More



Moneylife Digital Team 11 September 2014
Besides Dayanidhi and Kalanidhi Maran, the CBI has named Malaysian business tycoon T Ananda Krishnan in the Aircel-Maxis deal case   The Central Bureau of Investigation (CBI) on Thursday told a special court that in 2006 Dayanidhi Maran, the former minister for telecom "pressurised"...

Read More



Moneylife Digital Team 10 September 2014
Amit Shah had landed in a major controversy for allegedly saying that the 2014 Lok Sabha polls were an opportunity to seek revenge for the insult inflicted during the riots in Muzaffarnagar in UP last year   Amit Shah, the president of Bharatiya Janata Party (BJP) on Wednesday was...

Read More



Moneylife Digital Team 10 September 2014
A Consortium of 22 banks led by SBI will soon release Rs650 crore to ABG Shipyard under a Rs10,000 crore CDR deal   ABG Shipyard Ltd, which is under corporate debt restructure (CDR) scheme, will receive Rs650 crore from lenders by this month-end as part of the Rs10,000-crore debt...

Read More



Moneylife Digital Team 10 September 2014
According to SIAM, Indian auto industry on the road to a slow but sure recovery     Domestic passenger car sales grew 15.16% to 1.54 lakh units during August 2014 compared with 1.34 lakh units in the same month of 2013.   According to the data released by the Society of Indian...

Read More



The government has no plans to come to the aid of the overtaxed, loan-burdened, distressed and non-profit making domestic airlines sector   At a press conference, Civil Aviation Minister, Ashok Gajapathi Raju, emphatically stated that the Indian government has no plans to come to the...

Read More



Moneylife Digital Team 09 September 2014
In cases where guarantees furnished by the companies within the group on behalf of the wilfully defaulting units are not honoured then such group companies should also be reckoned as wilful defaulters, says RBI in a clarification   The Reserve Bank of India (RBI) on Tuesday issued...

Read More



Moneylife Digital Team 09 September 2014
After a day-long hearing on the consequences of its earlier decision, the Supreme Court reserved its verdict in the coal block allocation case   The Supreme Court on Tuesday reserved its order in the coal block allocation case. However, it has not announced a date for when it will...

Read More



Moneylife Digital Team 09 September 2014
Development Commissioners have recommended to the Board of Approval (BoA) to cancel these SEZ projects as no work has been done by these companies   The Indian government is likely to cancel the approvals granted to nine companies including Hindalco Industries, Essar and Adani for...

Read More



Moneylife Digital Team 09 September 2014
FTAs during the month of August 2014 were 5.69 lakh as compared to FTAs of 4.86 lakh during the month of August 2013 and 4.46 lakh in August 2012   There has been a growth of 16.9% in FTAs (foreign tourist arrivals) in India in August 2014 over August 2013 as compared to a growth of...

Read More



Moneylife Digital Team 09 September 2014
Ashok Leyland will market its 'JanBus’, which it claimed was the 'world’s first front-engine, single-step entry, full-flat floor bus’ in international markets too.   Ashok Leyland Ltd has secured orders for 4,000 buses valued at nearly Rs1,500 crore from various state transport...

Read More



In the US, UK and Japan quantitative easing is straight forward. The central banks just add a couple of extra zeros to their balance sheets and then go on a spending spree buying the country’s debt. If the ECB wanted to do quantitative easing it would have to buy the debt of its members. This...

Read More



Unless the governments, both at the Centre and State level, take these issues seriously and implement a uniform approach and policy over coal mines, we will continue to be in a mess   Only a couple of weeks ago, the Supreme Court declared that all the 218 coal blocks allotted were...

Read More



Moneylife Digital Team 05 September 2014
Diageo controlled United Spirits made provisions of Rs1,012 crore due to doubtful loans given to UB group companies, leading to the company reporting a full year net loss of Rs4,488.8 crore    The board of United Spirits Ltd (USL), now controlled by Diageo, has ordered a probe into...

Read More



Moneylife Digital Team 05 September 2014
A note for the Cabinet's consideration will be drafted by April 2015 and the final merger is to be completed by July 2015   Mahanagar Telephone Nigam Ltd (MTNL) shares rallied on Friday to close 2.5% higher at Rs34.65, following the news about Department of Telecom (DoT) fixing 31...

Read More



Coal Express must be given priority in the use of railway tracks. First, let us get the goods moving; pooling of price can be settled later!    Coal inventory in most of the thermal power plants are running critically low with stocks that may not even last for a week. Some plants are...

Read More

Free Helpline
Legal Credit
Feedback