ECONOMY & NATION


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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Moneylife Digital Team 29 May 2014
The SC Bench said in the production-sharing contract-PSC for Panna, Mukta and Tapti oil and gas fields, Reliance Industries and the Ministry  had 'consciously agreed' for arbitration in London in case of any dispute   The Supreme Court has allowed plea of Reliance Industries Ltd (RIL)...

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Moneylife Digital Team 28 May 2014
BG Srinivas, the highest paid executive, resigned from Infosys, making it the 10th high-profile exit from the company since the return of NR Narayana Murthy   The exodus of high-profile executives from Infosys continues. In a surprise move, BG Srinivas, president and member of the...

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Moneylife Digital Team 28 May 2014
NCP's Suryakanta Patil and Jitendra Awhad or Sharad Gavit from SP and Amit Deshmukh, Kalyan Kale and Rohidas Patil from Congress are likely to get ministerial berths in the last expansion before assembly elections   The Congress-Nationalist Congress Party (NCP) ministry in Maharashtra...

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Moneylife Digital Team 28 May 2014
Congress leaders, who joined the controversy raising questions about HRD minister Smriti Irani's educational qualifications went on a back foot as soon as BJP asked questions about Sonia Gandhi's education   The controversy over the educational qualification of Smriti Irani, the new...

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Moneylife Digital Team 28 May 2014
According to CRISIL while food retailers' losses will mount by about 30%, peaking in 2017 when at least half of the 10 players would break even    Large-scale expansions have caused Indian food retailers an accumulated loss of Rs13,000 crore in last fiscal, says ratings agency CRISIL...

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Moneylife Digital Team 27 May 2014
The Delhi HC advised Kejriwal, who has been lodged in Tihar Jail, to furnish a bail bond in the criminal defamation complaint filed against him   Aan Admi Party (AAP) founder Arvind Kejriwal on Tuesday accepted the suggestion from Delhi High Court to furnish personal bond to get bail...

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Moneylife Digital Team 27 May 2014
Based on a case filed in Kurnool, the Andhra Pradesh police took the CEO of Amway India into custody from the company headquarters at Gurgaon     William Scott Pinckney, chairman and chief executive (CEO) of Amway India has been again arrested by police. This time, he is arrested...

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Moneylife Digital Team 27 May 2014
Rajnath-Home, Sushma-External Affairs, Jaitley-Finance, Corporate Affairs and Defence, Gadkari-Road Transport and Highways, DV Sadananda Gowda-Railways are some of the prominent ministers in Narendra Modi government   As expected, Bharatiya Janata Party (BJP) president Rajnath Singh...

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PMOIndia twitter handle goof up shows cannot do social media by Remote Control   A social media presence, especially on twitter, is considered essential for political success these days. It started with Barak Obama making history in America and has only been strengthened by Narendra...

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Moneylife Digital Team 26 May 2014
The Narendra Modi government will have 23 cabinet ministers, 10 MoS with independent charge and 11 ministers of state   Bharatiya Janata Party (BJP) leader Narendra Modi on Monday sworn in as the new prime minister of India. His ministry includes 23 cabinet ministers, 10 ministers of...

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So the problems are over and Europe is on the road to recovery. Right? Well, maybe not. European sovereign debt is so large that they have to grow to keep their debt stable or impose even harsher austerity measures   Things looked bad. Yields of Spanish and Italian bonds were soaring....

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