ECONOMY & NATION


MDT/PTI 11 October 2012
Unitech has 'agreed to dispose of its shareholding in Uninor for a nominal amount' and its nominees will withdraw from the Uninor Board with immediate effect New Delhi: Realty company Unitech on Thursday said it would exit from telecom joint venture with Norway's Telenor by disposing of...

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MDT/PTI 10 October 2012
Toyota is recalling its Altis and Camry variants sold in 2006 and 2008 to check and rectify faulty power window switches, free of cost New Delhi: Japanese auto giant Toyota on Wednesday said it will recall 8,700 units of its premium sedan Corolla Altis and Camry in India to rectify...

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MDT/PTI 10 October 2012
According to SIAM data, domestic car sales in September decreased by 5.36%, while motorcycle sales tumbled 18.9%, the sharpest decline in three years and nine months New Delhi: Vehicle sales in India registered steepest monthly fall in nearly four years at 9.43% in September with the...

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Moneylife Digital Team 10 October 2012
Telecom players are in a situation where neither can they shut operations easily nor they can survive due to uncertain regulatory environment. This is more like the famous dialogue of Ajit from a Bollywood film, “Dump this man in liquid oxygen. The liquid won’t let him survive, the oxygen...

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MDT/PTI 10 October 2012
  GVK received approval for the second stage of its Alpha Coal project subject to 60 strict conditions to protect matters of environmental significance, including the Great Barrier Reef World Heritage Area and the marine area in Australia   Melbourne/Hyderabad: Australian...

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MDT/PTI 10 October 2012
Mayawati's putting off a decision is being seen as a pressure tactic on the Centre as it comes a day after the Supreme Court said the CBI was at liberty to probe a disproportionate assets case against the BSP supremo   Lucknow: Keeping up the suspense over Bahujan Samaj Party (BSP)...

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MDT/PTI 10 October 2012
According to the ratings agency, the negative outlook signals at least a one-in-three likelihood of a downgrade of the sovereign rating on India to 'junk' from 'negative' within the next 24 months   Mumbai: There is a "one in three" chance of a downgrade of India's sovereign rating to...

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Certainly, not the common man, unless it is accompanied by stringent regulations to protect the “aam aadmi” from exploitation The central government has proposed to enhance foreign direct investment (FDI) in insurance to 49% in its second wave of reforms announced recently. At present...

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FDI in retail will really benefit us, if it helps the farmers. Today, farmers are starved of infrastructure, logistics and investment. Even the investment schemes are hard to implement. A first-hand view of the reality on the ground Foreign Direct Investment (FDI) in retail has become a...

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MDT/PTI 10 October 2012
Partly allowing the plea of Loop Telecom, which has closed down operation after a Supreme Court order, the TDSAT said that its licence was valid till January 2013, hence only half of the FBG would be returned   New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT)...

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Moneylife Digital Team 09 October 2012
Arvind Kejriwal claims that a white paper would show that the transactions between DLF and Robert Vadra are not transactions between two friends but a consideration for the favours showered upon DLF by the Haryana government   Anti-corruption activist Arvind Kejriwal has alleged that...

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Moneylife Digital Team 09 October 2012
Immediately after becoming the FM once again, P Chidambaram exhorted banks to dole out more educational loans. In 2004-05 he had done exactly the same thing, leading to large losses for government-controlled banks   After P Chidambaram became the finance minister in August this year,...

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We are approaching the next general election which is due in 2014 or, there is every probability, may be even earlier. In our own interest and that of our children’s, we all need to initiate effort to remove this malady and reform the system In principle, a “coalition government” is as...

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MDT/PTI 09 October 2012
Mayawati, whose party has 21 MPs in Lok Sabha and is giving outside support to the UPA government, said the next Parliamentary polls may be advanced   Lucknow: Attacking the United Progressive Alliance (UPA) government on several fronts, Bahujan Samaj Party (BSP) supremo Mayawati on...

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MDT/PTI 09 October 2012
According to the Monetary Fund, compared with the region's growth performance in recent years, the near- and medium-term outlooks are also less buoyant Washington: The International Monetary Fund (IMF) has slashed India's growth forecast to 4.9% for 2012 due to low business confidence...

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MDT/PTI 09 October 2012
Pawar said that availability of foodgrains stock in the country would not be a problem and in fact, India has surplus grains for exports as well New Delhi: Foodgrains production in 2012-13 will be lower than last year's record output of 257.44 million tonnes but availability would be...

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MDT/PTI 09 October 2012
Official figures have shown that in July-September, the air traffic in India has shrunk by 9-11% on a month-over-month basis New Delhi: Civil Aviation Minister Ajit Singh on Tuesday expressed concern over shrinkage in air passenger traffic numbers in the last three months but hoped that...

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MDT/PTI 09 October 2012
Raising fresh capital to meet the higher capital requirement under Basel-III may pose challenges to banks, especially under an environment characterised by moderating growth and worsening financial conditions, says the RBI deputy governor New Delhi: Terming the present capital position...

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MDT/PTI 09 October 2012
During September companies like Bharti Airtel, JK Cement, Dr Reddy's invested overseas, however the total Indian investment abroad fell 30% to $1.36 billion Mumbai: Overseas direct investment by Indian companies fell by 30% to $1.36 billion in September over the previous month, the...

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MDT/PTI 09 October 2012
According to the RBI deputy governor, debt-laden Kingfisher Airlines, which owes 17 banks about Rs7,000 crore, does not pose any systemic risk to the banking system Mumbai: The debt-laden Kingfisher Airlines, which owes 17 banks about Rs7,000 crore, does not pose any systemic risk,...

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