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Monopoly position enables international behemoths Visa and MasterCard to levy exorbitant costs on client banks; a domestic payment system would be considerably cheaper The country’s central bank, the Reserve Bank of India (RBI), is considering putting in place a domestic card payment system...

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Dish TV continues to lose money; now ARPU declines Dish TV’s revenues for the September quarter have inched up 4.3% over the year-ago period. Losses were a bit lower, aided by conscious cost-cutting including paring its advertising and commission cost. The company posted a net loss of Rs56.10...

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Bankers and equity investors will be hurt by the way airlines are piling on debt The way the aviation sector is loading up on debt and equity, is certain to hurt lenders as well as equity investors. Air India is looking for additional equity of Rs5,000 crore over three years. Indian...

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Amritha Pillay 17 November 2009
With projects worth Rs10,000 crore, Gammon Infrastructure is going great guns, says Parvez Umrigar, MD, to Amritha Pillay of Moneylife Moneylife: What is the status of the various projects of Gammon Infrastructure Projects Ltd (GIPL)? Parvez Umrigar: Out of the 15 projects, we have...

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TV18 blames the Union Budget for poor second-quarter performance! Elections are the most coveted event for TV news channels and Union Budgets are what TV business channels look forward to. Their viewership shoots up on those occasions; it’s small wonder that TV channels heavily advertise...

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The Birlas may be mighty but are mishandling their fight against the Lodhas  Despite their best efforts, the Birlas have not been able to stop the Lodhas from maintaining their control over Birla Corporation and other companies of the MP Birla group that the late RS Lodha inherited...

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NSE has its way on extending trading hours. But who really benefits? The Securities and Exchange Board of India (SEBI) has allowed the Indian stock exchanges to extend trading hours from 9am to 5pm. This may put stress on human resources and infrastructure of broking firms and mutual funds....

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SEBI committee order continues to remain hidden from the public. But for how long? A petitioner from Mumbai, Girish Mittal, had taken recourse to the Right to Information (RTI) Act last April asking for disclosure of the order by the Securities and Exchange Board of India (SEBI) on National...

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ML: Now that the economy is showing signs of revival, Dr Manmohan Singh has indicated that he may look at withdrawing stimulus measures. Where do you see the economy going forward? RVS: We should surely see a growth of more than 6-6.25%. The challenge is whether we can continue in this manner....

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RBI has increased the provisioning for real estate loans to 1% from the earlier 0.4%. This will put a brake on bank funding of real estate The just-released credit policy of the Reserve Bank of India (RBI) has raised the provisioning for real estate loans to 1% from the earlier 0.4%....

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Pankaj Kapoor, founder of Liases Foras, a real estate research firm, tells Pallabika Ganguly of Moneylife that real estate has become unaffordable again Moneylife: What is your view on the increasing prices of residential properties? Do you feel the market sentiment has improved? Pankaj...

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Soon, day-traders experiencing random emotional fluctuations will be alerted on rising stress levels by a device called the ‘Rationaliser’. Most investors are prone to jump at even the slightest signs of a dip in the stock market. Emotions regularly cloud their judgement, causing investors to...

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On 28th October, Shankar Sharma, vice chairman, First Global Stockbroking Pvt Ltd, lost an appeal before the Securities Appellate Tribunal (SAT) against an order that barred him from the capital market for a year. This pertains to a 2001 charge of synchronised and fictitious trading to create...

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Ghosts and evil spirits got official recognition on 20th October. On that day, the staff of the ministry of petroleum organised a yagna to scare the evil spirits that seemed to have suddenly taken a fancy to petroleum. The puja was followed at 1pm with a brahman-bhoj at Shastri Bhawan. Reason:...

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Taurus Mutual Fund has filed the prospectus for Taurus Nifty Index Fund with the Securities and Exchange Board of India for approval. It is an open-ended, index-linked equity scheme. This Fund too, like other index funds, would mainly replicate S&P CNX Nifty Index by investing in stocks of the...

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SHCIL has declared an unprecedented dividend of 900%. What is the reason behind this lavish payout? Stock Holding Corp of India Ltd (SHCIL) has announced a staggering cash dividend of 900%. According to informed sources, this entire dividend is the amount SHCIL earned by selling its 2% stake...

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There is no relation between consumption and stock prices as a new fund from Tata Mutual Fund seems to assume Tata Mutual Fund has filed an offer document titled “Tata Consumption Opportunities Fund” with the regulator. The Fund, an open-ended scheme, would invest in companies which are into...

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Praveen Sood, Group CFO, Hindustan Construction Company, talks to Amritha Pillay of Moneylife on his company’s growth prospects and the current economic scenario Amritha Pillay (ML): During the second quarter, HCC’s operating margins (OPM) declined 2% to 11% from the previous quarter....

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Chemicals companies don’t have much of a competitive edge. Their fortunes go up and down with business cycles and input prices. When the cycle is in their favour, they make huge profits. Vinati Organics manufactures isobutyl benzene (IBB) (the prime raw material for the manufacture of ibuprofen,...

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Hawkins, like TTK Prestige, is finally reaping the benefits of branding consumer products of daily use for a large Indian population Hawkins has emerged as a household name in India for its quality products in the cookware segment, especially pressure-cookers, in more than 50 years of...

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