COMPANIES & SECTORS


Notwithstanding platitudes about bad loans and NPAs, the government seems to have applied little thought in handling SpiceJet’s problems   As the capital market regulator keeps itself busy with tightening and rewriting corporate governance rules, the near-burnout, and probably...

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Moneylife Digital Team 23 December 2014
The report of the advisory panel called for expediting reforms in the distribution sector with targeted actions including privatisation or PPP (public private partnership) in distribution   Suresh Prabhu-led Advisory Group for Integrated Development of Power, Coal and Renewable Energy...

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The launch of new airline Vistara, will be a proud day for the Tata group, which pioneered the airline experience, more than 60 years ago   After having obtained the Air Operating Permit (AOP), Vistara have announced that their inaugural flight from Mumbai to Ahmedabad will take place...

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Truthinadvertising.in 22 December 2014
The maker of Hellmann’s mayonnaise closed the book on Mayogate Thursday, announcing that it had withdrawn its lawsuit against Hampton Creek, the maker of a competing vegan spread called Just Mayo, which doesn’t contain eggs.   “Unilever has decided to withdraw its lawsuit against...

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Moneylife Digital Team 19 December 2014
Airlines are indulging in unfair means in a big way and neither the Ministry of Civil Aviation nor the DGCA is monitoring it   The Lucknow bench of Allahabad High Court has asked the Indian government to submit copies of licence granted to private airlines as well as an order that...

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Moneylife Digital Team 19 December 2014
Prasad was a member of the Standing Committee on Finance that discussed gas pricing policy, while he was engaged by a RIL group company   Ravi Shankar Prasad, the Minister for Communications and Information Technology in the Narendra Modi government, was part of the Standing Committee...

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'Improving the efficiency of fertiliser plants is vital so that every bit of energy saved is utilised in the right manner to produce more output:' R Mukundan, MD, Tata Chemicals   It may be recalled that, with effect from 1st October, the three southern urea producing units, viz,...

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Moneylife Digital Team 17 December 2014
The Modi government is reportedly ‘requesting’ banks to fund SpiceJet when the money is certain to be wasted. The UPA government at least, did not publicly put pressure on banks to lend to Kingfisher Airlines   Prime Minister Narendra Modi has stated repeatedly that the government has...

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Moneylife Digital Team 17 December 2014
Ford to recall EcoSport units made at Chennai plant between January 2013 and September 2014   Ford India announced that it would recall 20,752 units of its popular compact-sports utility vehicle, branded EcoSport. The recall has to do with multiple issues in units that were assembled...

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Although the government had made it mandatory for oil companies to blend 5% ethanol with petrol, it was not fully implemented due to the high prices of ethanol   The uncertain conditions in the Sugar Industry received an unexpected boost when the Cabinet Committee on Economic Affairs...

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Moneylife Digital Team 15 December 2014
Can the DGCA and the government act in time to save the ailing carrier or will they let it fail?   Spicejet representatives met Aviation Minister Ashok Gajapthy Raju today to look for ways to keep the airline from going bust.   As reported by Moneylife earlier, (

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It is possible that work on Indo-French Rafale combat aircraft may start soon!   After a series of serious tests and studies, in 2012, India selected the Dassault Rafale medium multicore combat aircraft as suitable for the Indian Air Force. Almost two years have passed in sorting out...

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Moneylife Digital Team 12 December 2014
Koda was chargesheeted for offences of criminal conspiracy and cheating   Former Jharkhand chief minister Madhu Koda was chargesheeted on Friday, as accused by the Central Bureau of Investigation (CBI), in the coal blocks allocation scam case.   Koda was chargesheeted for...

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Moneylife Digital Team 11 December 2014
The income-tax (I-T) department has jurisdiction in the Rs8,500 crore transfer-pricing tax dispute involving the sale of its call centre business to Hutchison in 2007   The Income Tax Appellate Tribunal (ITAT) has ruled that that the income-tax (I-T) department has jurisdiction in the...

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Moneylife Digital Team 10 December 2014
Wisdom Agro Tech India Limited had been collecting funds from the "customers/investors” for its land schemes, prima-facie violating the provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999   S Raman, whole time member, SEBI, has passed an order on...

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Moneylife Digital Team 10 December 2014
VAYA is a business correspondent which facilitates savings and loans for self-help groups of women on behalf of banks   Vikram Akula, the controversial founder and former chairperson of SKS Microfinance, who was removed from SKS Microfinance after the Andhra Pradesh microfinance...

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Moneylife Digital Team 09 December 2014
Reliance Industries' latest JV promises to shake up a staid textile sector, in the first significant Indo-China industry co-operation since PM Modi's visit   In a statement today, Reliance Industries Limited said that it was entering into a joint venture with Shandong Ruyi Science and...

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A reference needs to be made for a quick policy review on coal bed methane -CBM, so that, when the coal blocks are allotted, it is imperative for the allottees to plan work on simultaneous extraction of CBM, when they start the mining operation   In line with the Supreme Court...

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Moneylife Digital Team 09 December 2014
During November, vehicle sales across categories increased 5.03% to 16.03 lakh units from 15.27 lakh units same month last year   India's domestic passenger car sales during November 2014 increased 9.52%to 1.56 lakh units compared with 1.43 lakh units in the year-ago month.  

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Moneylife Digital Team 08 December 2014
Families of Narayana Murthy, Nilekani, K Dinesh and SD Shibulal have offloaded their shares resulting Infosys to tumble 5% to Rs1,968 on Monday   Infosys Ltd's four founder families including NR Narayana Murthy, Nandan Nilekani, Dinesh Krishnaswamy and SD Shibulal have sold some of...

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