ECONOMY & NATION


Moneylife Digital Team 05 February 2014
During the December quarter, the Daiichi Sankyo unit said it loss narrowed to Rs395.96 crore from Rs616.01 crore a year ago Ranbaxy Laboratories (Ranbaxy), a unit of Japanese Daiichi Sankyo Co Ltd pharmaceutical company said its fourth quarter net loss narrowed despite lower sales and...

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Moneylife Digital Team 05 February 2014
The Tribunal asked governments of Maharashtra, Gujarat and Goa to have regular vigil in the coastal areas and arrest illegal sand mining in the area, which falls within the CRZ The National Green Tribunal (NGT) has asked state governments of Maharashtra, Gujarat and Goa to instruct...

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Moneylife Digital Team 05 February 2014
The Centre had earlier told the court that AAP leaders, including Kejriwal, had not provided the information sought by it on the funding received by the party The Delhi High Court on Wednesday sought responses from Aam Admi Party (AAP) and its founding members, including chief minister...

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Moneylife Digital Team 05 February 2014
Satya Nadella is taking over at a time when Microsoft, the world’s largest software company, is expanding its focus to devices and cloud infrastructure   Software giant Microsoft has appointed Hyberabad-born Satya Nadella as its new chief executive officer (CEO). Nadella would replace...

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Moneylife Digital Team 05 February 2014
The funding would help the MFI to meet growing demand from customers for range of products and services including insurance, mobile loans, loans for solar lights in addition to micro credit, SKS Microfinance says SKS Microfinance, the largest microfinance non-banking finance company...

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China is breathing down our necks in Myanmar, all because we have so far neglected to take serious interest in this country We are neighbours, and have a 1,640 kms long border with Myanmar along with our Eastern states, with Mizoram being the closest to them. As against this, Pakistan...

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While negotiating with suppliers from Qatar, it would be in the long term interest for India to invite them to be a joint venture partner in one or more of the LNG terminals in the country A couple of weeks ago, Moneylife carried a story on the developments of LNG industry in the...

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RBI’s order to withdraw all currency notes of pre-2005 creates confusion that could be easily avoided In a positive move, the Reserve Bank of India (RBI) has decided to mop up currency notes with lower security features which have been widely counterfeited. But the way it went about it...

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Moneylife Digital Team 03 February 2014
The downward revision in GDP reflects the lower growth in the agriculture, mining, electricity and construction sectors of the Indian economy, says Nomura in a research note   The government revised lower FY13 (year ending March 2013) GDP growth to 4.5% year-on-year from 5.0% earlier....

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Moneylife Digital Team 03 February 2014
The fiscal situation has been under stress because of weak revenue collection amid a slowing economy, yet-to-materialise asset sales and still-elevated spending, says Nomura in a research note   The government’s fiscal deficit in the first nine months (April-December 2013) of FY14...

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Moneylife Digital Team 03 February 2014
Eight telecom operators, including Bharti Airtel, Vodafone and Reliance Jio Infocomm, are in the fray in the auction from which the government expects to garner at least Rs11,300 crore The third round of the telecom spectrum auction opened on Monday with bids pouring in for all 22...

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The combination of higher interest rates, economic slow down, and poor information means that the revelation of the true health of emerging markets-EM financial systems will not surface until the problems are too large to hide Last week markets fell. Most of the pull back was blamed on...

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More and more politicians are adopting old-style agitation, brought back to fashion by Arvind Kejriwal, because it is probably the only way one can force a government to care about us You may agree with him or disagree with his tactics, but there is no doubt that Arvind Kejriwal, by...

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Moneylife Digital Team 30 January 2014
Morgan Stanley agrees with RBI policy to the extent that headline inflation is still very high and it believes the macro conditions warranted higher rates In its mid-quarterly review of monetary policy, the Reserve Bank of India (RBI) increased key policy rates on 28th January. The...

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Shambo Dey 30 January 2014
An Indian subsidiary of a foreign company may remain private by its own choice as far as its internal matters are concerned such as not inviting public to subscribe in shares. But in the eyes of law, it will be public This article analyses the relevant sections of the old and new...

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Moneylife Digital Team 30 January 2014
The political and currency crises of Latin America and Turkey are likely to affect Indian companies, notably Bajaj Auto, United Phosphorus and Aban Offshore. Even engineering goods, pharma and auto companies are likely to be affected Credit Suisse has come up with a research note on the...

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Under the auction of the new licensing policy, bidders can look for all types of hydrocarbons, such as gas, oil, coal bed methane or shale Two weeks ago, during the Petrotech 2014 meet at Noida, petroleum minister Veerappa Moily gave some details of the new auction planned, where as many...

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Moneylife Digital Team 29 January 2014
According to the union government, AAP leaders, including Arvind Kejriwal, have not provided information sought by them on the funding received by the party The union government on Wednesday told the Delhi High Court that leaders of Aam Admi Party (AAP), including Delhi chief minister...

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Moneylife Digital Team 29 January 2014
We should not forget that the Governor is probably aiming for a 4% in three years—that's a lot of disinflation, requiring a Volcker-type approach to monetary policy, warns Credit Suisse in a research note RBI Governor Rajan surprised markets again—this time by raising the repo and...

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Asking banks to increase their provisioning and provide more capital for their exposures to un-hedged forex exposures is certainly not the best solution to the problem of bloating NPAs Reserve Bank of India (RBI) deputy governor Dr KC Chakrabarthy, in his address, at the Conference of...

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