ECONOMY & NATION


Will cronyism dictate our attitude to our tiny neighbours, while we are pressured by rich nations to open up our markets? In the most brazen display of Enron’s powerful connections with George Bush, its CEO Kenneth Lay has written to Prime Minister Atal Bihari Vajpayee saying that if the...

Read More



Remember, often the stock market's reaction to a positive outcome is negative. The share market fell after TARP in 2008, the Spanish bailout, the last US mid-term elections and after the presidential election The world seems to be a much safer place. Several stock markets are just...

Read More



MDT/PTI 10 December 2012
  Wal-Mart has spent close to $25 million or about Rs125 crore since 2008 on its various lobbying activities. During the September 2012 quarter, it spent around Rs10 crore on various lobbying issues, which including discussions related to FDI in India. Washington/New Delhi: Global...

Read More



Moneylife Digital Team 08 December 2012
People with dubious political antecedents are seen jumping on to the AAP bandwagon. Unless Kejriwal and team find a way to deal with such situations, some of these unguided enthusiasts or maybe even deliberately planted infiltrators can do a lot of damage to the AAP   The newly...

Read More



Moneylife Digital Team 07 December 2012
When MIAL decided to unilaterally increase parking charges, fifty times higher than the usual hourly rate on the general aviation aircrafts in Mumbai, aircraft owners complained to the regulator and got relief Airports Economic Regulatory Authority Appellate Tribunal (AERAAT) on Friday...

Read More



MDT/PTI 07 December 2012
The defeat of the motion in the Rajya Sabha came two days after the Lok Sabha voted out a similar motion, paving the way for entry of global supermarkets like Walmart into the country   New Delhi: the United Progressive Alliance (UPA) government on Friday won the approval of...

Read More



MDT/PTI 07 December 2012
Bharat Reinsurance, IFFCO Tokio General Insurance, Apollo DKV Insurance, DLF Premierico Life Insurance, Aviva Life Insurance, Sri Ram Life Insurance, Sahara India Life Insurance and Reliance Life Insurance have been found guilty of service tax evasion says Chidambaram   New Delhi:...

Read More



Mathew Thomas 07 December 2012
FDI in retail is an example of deregulation, devoid of any safety net for its after-effects. Would the government consider the Parliament Committee report or treat Parliament with disdain?    Here is a simplified explanation, sans economic jargon, to help understand FDI (foreign...

Read More



MDT/PTI 07 December 2012
L&T Infrastructure Development Projects said ICICI Bank-led consortium would fund its two road projects in Maharashtra   Mumbai: L&T Infrastructure Development Projects (L&T IDPL) on Friday said it has achieved financial closure for two of its road projects in Maharashtra, reports...

Read More



MDT/PTI 07 December 2012
Ever since the white paper gave a virtual clean chit to Ajit Pawar, the chorus for his return had been growing louder and it was only a matter of time before the nephew of NCP chief was brought back as deputy chief minister   Mumbai: A week after a Maharashtra government white paper...

Read More



MDT/PTI 07 December 2012
During November, BluFin's Consumer Confidence Index grew by 3.4 points from the previous month to 41.6 points, the highest increase since October 2011, despite inflationary concerns New Delhi: Indian consumers' confidence level rose in November owing to increase in spending due to...

Read More



MDT/PTI 07 December 2012
Infosys would help India Post transform its banking and insurance operations - covering more than 200 million banking customers across urban and rural India Kolkata: IT company Infosys is planning to roll out in about two years, its Rs700-crore project that would help India Post...

Read More



MDT/PTI 07 December 2012
The alleged transactions by StanChart mainly involved US dollar transfers for state-owned Iranian banks, including the central bank, that fell under US sanctions aimed at curtailing Iran's controversial nuclear programme Hong Kong: British bank Standard Chartered has said it expects to...

Read More



MDT/PTI 07 December 2012
Finance Minister P Chidambaram said that irrespective of NPAs going up or down, the loan recovery should be made in a respectful manner   New Delhi: Finance Minister P Chidambaram has warned that severe action will be taken against banks if they employ muscle-men or undesirable...

Read More



MDT/PTI 07 December 2012
Citing steep moderation in growth and expressing optimism that inflation will cool off from the next quarter, the RBI governor said the central bank would take into account the growth-inflation trajectory and calibrate monetary policy accordingly Kolkata: Reserve Bank of India (RBI)...

Read More



Stephen Rosling 06 December 2012
I recently did a word count on a new product offered by a well-known bank—the total word count was over 40,000!  Now some customers would choose to read this material before they sign. However, I would suggest that 99.9% would simply sign without reading. Is this fair?   It’s fair to...

Read More



MDT/PTI 05 December 2012
With SP and BSP members staging a walk out, passing the motion for FDI in retail was a piece of cake for the UPA government The United Progressive Alliance (UPA) government on Wednesday survived the attack from Opposition over foreign direct investment (FDI) in retail. The motion brought...

Read More



Moneylife Digital Team 05 December 2012
REC bonds, offering 7.88% tax-free, are yet to attract retail investors. Either the investors have not warmed up to the first in the series of tax free bonds issues or they don’t find it as attractive as last year Rural Electrification Corporation (REC) has launched its public issue of...

Read More



MDT/PTI 05 December 2012
According to SBI MD Gupta, the bank's decision not to raise interest rates on savings deposits is a purely commercial one and does not amount to cartelisation   Mumbai: The nation's largest lender State Bank of India (SBI) on Wednesday dismissed allegations of cartelisation by big...

Read More



MDT/PTI 05 December 2012
A week after the expiry of deadline that the lenders had set to Kingfisher management to come up with a revival plan, including a $1 billion capital infusion, State Bank of India has said the banks are trying everything to find an amicable solution Mumbai: State Bank of India (SBI), the...

Read More

Free Helpline
Legal Credit
Feedback