ECONOMY & NATION


Vivek Rao, Oil Secretary, proposes to allow private companies to explore for shale oil & gas in their existing blocks. He feels that India has better coal bed methane opportunities than from shale oil & gas Recently, at the 8th Asia Gas Partnership Summit 2013, Maria van der Hoeven,...

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Moneylife Digital Team 18 December 2013
Trent shares surged 18% during early trade Wednesday following news of UK-based Tesco buying 50% stake in Trent Hypermarkets through FDI route Trent Ltd (Trent) surged 18% during early trade Wednesday on the news of Tesco PLC (Tesco), United Kingdom’s largest retailer, planning to buy...

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Has RBI realised that food inflation cannot be tamed through repo rate hike alone or is it just a onetime phenomenon? Whatever be the RBI stance, let us look at some interesting facts The Reserve Bank of India (RBI) has surprised the stock market by not increasing repo rate at a time...

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Moneylife Digital Team 18 December 2013
Anna Hazare called off his fast on ninth day after the Lok Sabha passed Lokpal Bill The Parliament has passed the Lokpal and Lokayuktas Bill with the Lok Sabha giving its nod for this anti-corruption legislation. Following the passage of the Bill, noted social activist Anna Hazare, who...

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Moneylife Digital Team 18 December 2013
With inflation expectations still on an upward arc and the RBI admitting that core CPI inflation is too high, today’s decision probably only delays the inevitable, says BNP Paribas in its research note RBI (Reserve Bank of India) Governor Rajan sprang another surprise at his third...

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Moneylife Digital Team 18 December 2013
While keeping key rates unchanged, the RBI said given the wide bands of uncertainty and weak state of the economy there is merit in waiting for more data The Reserve Bank of India (RBI), in its mid-quarter credit policy review has kept repo, reverse repo, cash reserve ratio (CRR) and...

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Moneylife Digital Team 18 December 2013
RBI Governor Dr Raghuram Rajan has assured that he will act outside policy if inflation does not soften in a press conference on 18 December 2013 RBI (Reserve Bank of India) has kept repo rate unchanged at 7.75% and CRR unchanged at 4% in its 18th December policy meeting. In a press...

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Moneylife Digital Team 18 December 2013
RBI Governor Dr Raghuram Rajan has assured that he will act outside policy if inflation does not soften in a press conference on 18 December 2013 RBI (Reserve Bank of India) has kept repo rate unchanged at 7.75% and CRR unchanged at 4% in its 18th December policy meeting. In a press...

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Charles Ornstein (ProPublica) 18 December 2013
The sixth-largest drug maker already had begun cutting back on paid speaking, ProPublica's Dollars for Docs database shows In a major departure from industry practice, GlaxoSmithKline, the sixth-largest global drug maker, announced Tuesday that it will no longer hire doctors to promote...

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To resolve the sugar industry crisis, assistance should be given to sugarcane growers to get better returns through ethanol, molasses and bagasse In the recently held 79th Annual General Meeting of the Indian Sugar Mills Association (ISMA), M Srinivasan, chairman of ISMA requested...

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Moneylife Digital Team 18 December 2013
In an order, the commodities market regulator declared Jignesh Shah-led FTIL as ‘not fit and proper’ to hold more than 2% stake in MCX Commodities market regulator Forward Markets Commission (FMC), has termed Jignesh Shah, Financial Technologies (India) Ltd (FTIL) and two other...

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Moneylife Digital Team 17 December 2013
In a discussion paper on framework for revitalising distressed assets, the RBI has proposed several measures including making future borrowing expensive for defaulters and setting up a central repository for collecting information on large credits Reserve Bank of India (RBI) has released...

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Moneylife Digital Team 17 December 2013
According to CARE Research, M&As in telecom would take some time to pick up, as players would wait for Lok Sabha election results and clarifications on other issues like one-time charge for excess spectrum and spectrum trading guidelines Consolidation-hungry telecom sector waited long...

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Moneylife Digital Team 17 December 2013
The Bombay High Court also found evidence of various irregularities including alleged siphoning off of funds at Zenith Infotech following the sale of the company's MSD business The Bombay High court has directed the sale of mainstay cloud computing business of Zenith Infotech Ltd (ZIL)...

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Moneylife Digital Team 17 December 2013
The Maharashtra government has made ready reckoner for real estate prices, its biggest cash cow, and increased its rates every year without any justification The Maharashtra government is reportedly mulling a 10% to 25% increase in the ready-reckoner (RR) rates for residential and...

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The "aam aadmi" of India and Pakistan is not really interested in the politics, but wants to carry on with life on a day-to-day basis Pakistani foreign office spokesperson, Aizaz Ahmed Chaudhury said, India and Pakistan need to address the mistrust that exists between them, responding to...

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Moneylife Digital Team 16 December 2013
Infosys management indicated that the challenges to growth were more internal rather than external, as it would take time for the company to absorb the recent organisational changes, finds Nomura Infosys indicated that despite the improvement in the demand environment it’s near term...

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High dividend, buy-back and shares for employees are some of the bold moves that Coal India could make during Monday’s board meeting As the world's largest coal producer, Coal India Ltd is now saddled with the task of dealing with a strong workers' union force that plans to go on a...

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Moneylife Digital Team 16 December 2013
GlaxoSmithKline Pharmaceuticals’ parent GSK Plc along with GSK Pte voluntarily offered to buy additional 24.33% at Rs3,100 per share driving the share price of the Indian company to an all time high GlaxoSmithKline Pharmaceuticals Ltd hit its all time high of Rs2,952 in early trade on...

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Governments in all markets have encouraged speculators to bid up assets by creating a version of reality that may not exist. If a more accurate picture emerges, those same speculators may then punish them severely Markets all over the world are supposed to act as an indicator of their...

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