COMPANIES & SECTORS


Moneylife Digital Team 11 December 2013
A new survey reveals a stunning lack of ethics, poor regulation and lack of knowledge of participants afflicting the financial services industry The financial services industry has an ethics problem, according to a new report published by Economist Intelligence Unit (a part of the The...

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Moneylife Digital Team 10 December 2013
Bharti Aritel and Reliance Jio will utilise each other’s infrastructure to provide better quality of services Reliance Jio Infocomm Ltd (Reliance Jio), a subsidiary of Reliance Industries Ltd (RIL), and Bharti Airtel Ltd (Bharti) has decided to share each other’s telecom infrastructure....

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Moneylife Digital Team 10 December 2013
The draft guidelines for the new power regulatory regime and price has been formulated by CERC and it is expected to hit NTPC the worst National Thermal Power Corporation Ltd (NTPC) share crashed 11.26% Tuesday on BSE following news of new draft guidelines issued by Central Electricity...

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Moneylife Digital Team 10 December 2013
The price of LPG cylinder was hiked after the government raised commission paid to dealers by over 9% to Rs40.71 per 14.2-kg cylinder The price of domestic cooking gas (LPG) was on Tuesday hiked by Rs3.46 per cylinder after the union government raised the commission paid to dealers by...

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Moneylife Digital Team 05 December 2013
During November, all automakers reported weaker-than-expected numbers due to soft demand Indian auto industry witnessed weaker sales during November across the segments. While passenger car and medium and heavy commercial vehicles (MHCV) volumes declined tractor sales were the only...

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Moneylife Digital Team 05 December 2013
Vijay Mallya's Kingfisher owes Rs2,673 crore is the largest defaulter of PSBs while Winsome Diamond and Jewellery Co with dues of Rs2,660 crore is the second biggest defaulter Vijay Mallya-owned and now defunct Kingfisher Airlines is the biggest defaulter and owes Rs2,673 crore to public...

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Moneylife Digital Team 03 December 2013
Hero MotoCorp and Magneti Marelli would invest $8.5 million in three years in their JV HMC-MM Auto to produce new gen powertrains in India Hero MotoCorp, the country's largest bike maker on Tuesday said it has partnered with Milan (Italy) based Magneti Marelli for the manufacturing new...

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Moneylife Digital Team 03 December 2013
No sales growth and continued overcapacity in T & D makers in 2QFY14, says Nomura in its research note An analysis of the domestic power business of Crompton Greaves, ABB India and other small listed transformer makers suggests that 2QFY14 witnessed a modest margin uptick, says Nomura in...

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Moneylife Digital Team 30 November 2013
The Reserve Bank’s new norms may allow Italian CRIF credit bureau to enter Indian market and also let it take over the cash-strapped and troubled High Mark The Reserve Bank of India (RBI) has increased the foreign direct investment (FDI)  limit to 74% in credit information bureaus in the...

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Moneylife Digital Team 29 November 2013
Since 2011, the entire bullion trade is reeling under increased prices, however, Malabar Gold and Diamond’s turnover witnessed 550% jump! Malabar Group made a modest start in Calicut in 1993 with a capital of about Rs50 lakh. In just 20 years, it has grown in to a Rs22,000 crore empire,...

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Moneylife Digital Team 28 November 2013
India defines value in a different way to most of the other large car markets in the world. Hence, each global player needs to take a call whether it wants to wait for the market to mature or is willing to make extra effort to address the current market needs, feels Credit Suisse India...

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Moneylife Digital Team 28 November 2013
MCX appointed Satyananda Mishra, former chief information commissioner & IAS officer as the Chairman of the Board on FMC approval Multi Commodity Exchange of India Ltd (MCX) said it appointed Satyanand Mishra, the former chief information commissioner as its new chairman.   In a...

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Moneylife Digital Team 28 November 2013
Does the increase in gold smuggling in India and Malabar Gold have any connection? A few days ago, DRI raided the jeweller’s main office after one smuggler confessed of selling the yellow metal to Malabar Gold Malabar Gold and Diamonds, the rapidly expanding jewellery chain from Kerala...

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The IRDA has put in a place a composite data of insured vehicles. Now you have the power to be a vigilant citizen Two interesting developments that readers may want to know. First, Insurance Regulatory Development Authority, the apex regulator for insurance in India, has put in place a...

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Moneylife Digital Team 27 November 2013
Tata sons informed RBI and indicted that, its current model best supports the needs of the group’s domestic and overseas strategy Tata Sons, the holding company of the India’s largest, $100 billion conglomerate Tata Group, has withdrawn its application of new banking licence.   In...

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Moneylife Digital Team 27 November 2013
Maruti Suzuki to recall 1,492 vehicles sold after 19 October 2013 to replace defective steering column of its Ertiga, Swift, Swift Dzire and A-Star variants Maruti Suzuki India Ltd (Maruti Suzuki), the country's largest carmaker said it would recall 1,492 units to inspect the steering...

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Moneylife Digital Team 27 November 2013
Japanese Nippon Steel and Luxembourg-based ArcelorMittal have reached a basic accord to buy ThyssenKrupp's steel plant in the US for about $2 billion Nippon Steel & Sumitomo Metal and ArcelorMittal, the world’s two largest steelmakers, are close to buy a plant in the US from Germany’s...

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Moneylife Digital Team 26 November 2013
According to Moily, while the proposed bank guarantee would secure the government’s interests, the higher pricing would protect the interests of Reliance Industries M Veerappa Moily, minister for Petroleum and Natural Gas on Tuesday said that he is confident of resolving the issue of...

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Moneylife Digital Team 25 November 2013
Pfizer made 52-week high on announcement, on news that it is to merge with wyeth for creating single Pfizer brand, to expand across multiple therapeutic categories Pfizer India Ltd (Pfizer) and Wyeth India Ltd (Wyeth), said their board of directors in their respective meetings on Monday,...

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Moneylife Digital Team 25 November 2013
CBI had registered a case against Acharya, the deputy MD of SBI as well as KK Kumarah, former additional general manager at SBI and Piyoosh Goyal, chairman of Worlds Window Group for alleged graft in disbursing loan of above Rs100 crore State Bank of India (SBI), the country's largest...

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