COMPANIES & SECTORS


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and overseas strategy Tata Sons, the holding company of the India’s largest, $100 billion conglomerate Tata Group, has withdrawn its application of new banking licence.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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Moneylife Digital Team 25 November 2013
The bargaining power of Indian IT companies with respect to entry-level employees is at its peak with real wages at their lowest in more than 15 years Indian information technology (IT) companies are witnessing improved demand without much pressure on wages due to significantly better...

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Moneylife Digital Team 25 November 2013
GAIL had challenged the Tamil Nadu government notification asking it to stop placing pipelines in agricultural lands and implement the project by laying them along National Highways The Madras High Court on Monday quashed the order issued by Tamil Nadu government restraining...

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Moneylife Digital Team 21 November 2013
COAI, the lobby of GSM operators, has asked the telecom department not to issue exclusive series to Reliance Jio and restrict it to 10 lakh per circle as per the DoT norms for new entrant Cellular Operators Association (COAI)—the lobby of GSM operators—on Thursday has asked the...

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Moneylife Digital Team 21 November 2013
Due to the intense competition, and rising expenses post 3G and MNP, Indian telcos will have to either consolidate or diversify in order to survive, says Fitch Ratings agency Fitch said, the overcapacity in Indian telecom sector would decline over 2014-15 because some of the weaker,...

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Mahila Bank is apparently giving “kitchen loan” as per the initial press reports. Kitchen is the place where most of the women in India spend their maximum time. Surely, we want to break that paradigm, not reinforce it “What's in a name? That which we call a rose by any other name would...

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Moneylife Digital Team 20 November 2013
MCX has partnered with Dalian Commodity Exchange of China to facilitate potential collaboration in areas such as knowledge sharing, research and price risk management Multi Commodity Exchange of India Ltd (MCX), the country's largest commodity bourse, said it has signed a memorandum of...

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Indian Railways is witnessing delays in rail projects, mostly created by vested interests leading to increase in costs and corrupt practices Indian Railways began their chugging career more than 150 years ago and have become one of the largest railroad networks in the world, with a...

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KK Sharma 20 November 2013
It is not really clear as the role the looming deadline of 210 days, barely 15 days away, had played in the majority decision of CCI clearing the Jet and Etihad deal and how much of it was shaped by the consideration of competitive concerns, or lack thereof On 12 November 2013, the...

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Moneylife Digital Team 19 November 2013
All Indian Origin Chemists & Distributors has reported that secondary sales (sales from stockists to retailers) of drugs have come down to -1.7% year-on-year for October after a fall of 1.8% in September 2013. All Indian Origin Chemists & Distributors Limited (AIOCD) has released...

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Moneylife Digital Team 19 November 2013
Jignesh Shah-led Financial Technologies sold Singapore Mercantile Exchange and SMX Clearing Corp to Intercontinental Exchange Group’s unit for $150 million to repay its debts towards ECB and forex loan Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) said its unit has sold its...

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Cairn India can grow faster if the government policies are more sensible Cairn India has come a long way in 20 years, having started with 3,000 barrels of oil a day, in Ravaa fields, to a current output of 180,000 barrels, representing 25% of India's needs, which are growing by the hour!...

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The disappointing results of CIL show that it needs a new framework from planning commission to operate with mines developers and operators (MDOs) to harness synergy Coal India (CIL) is beset with a lot of problems. The second quarter profit at Rs3,052.35 crore is marginally lower than...

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Moneylife Digital Team 12 November 2013
Edelweiss Broking is offering gift vouchers to invest in ELSS. This amounts to offering passbacks, a practice barred by SEBI. Edelweiss Broking Ltd is offering its clients a waiver of transaction charges for investing in equity linked savings schemes (ELSSs) through its online platform...

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