ECONOMY & NATION


Moneylife Digital Team 24 November 2011
 According to the minority shareholder, the orders issued by BIFR for merger of India Foils with Ess Dee are beyond the powers of the reconstruction board Nagpur-based Laxmi Girish Jalan has requested the Securities & Exchange Board of India (SEBI) to initiate action against orders passed by...

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Moneylife Digital Team 23 November 2011
The apex court also directed release of Reliance ADAG managing director Gautam Doshi, Sanjay Chandra, Vinod Goenka, on furnishing two surities of Rs5 lakh each The Supreme Court on Wednesday granted bails to five corporate executives who were arrested for their roles in the second-generation...

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Moneylife Digital Team 22 November 2011
The prices are crashing due to excess Kharif supply and poor export off take; prices are expected to come down further Excess supply and poor off-take by the exporters has taken a toll on the prices of onions. In the wholesale market of Lasalgaon, Nashik, the country’s largest onion producing...

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Veeresh Malik Veeresh Malik 22 November 2011
If the F1 races were supposed to have been an exhibition of India’s coming of age in motorsports, think again, says Veeresh Malik How the recently-concluded Formula-1 (F1) races in Greater Noida almost did not happen due to issues of safety and completion are open knowledge. That they...

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Dr SD Israni 22 November 2011
Sahara companies show the way As a student of corporate law, my understanding has been that when making a public issue, a company has to issue a prospectus and comply with requirements about disclosures as stipulated by SEBI (the Securities and Exchange Board of India). Unless it is a...

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Moneylife Digital Team 21 November 2011
Google finally acknowledges that when advertisers are seedy small businesses the publisher has greater responsibility in accepting such advertisements Consumer groups have been complaining for years about proliferation of fraud ads on Google -- and at least one organization has demanded that...

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Ramesh S Arunachalam Ramesh S Arunachalam 21 November 2011
Fresh perspectives and radical (systemic) changes are required for developing an enabling micro-finance regulatory and supervisory mechanism that can really work on the ground for the benefit of large numbers of low income people Moneylife reported last week that charges of serious...

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Moneylife Digital Team 18 November 2011
The media company's infamous 'ads-for-equity' unit bought stake at huge premium in Karuturi Global, a company that is on a free fall with its shares trading 88% below since recent high in October last year Bennett, Coleman & Co (BCCL), the media group that owns assets like the Times of...

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Ramesh S Arunachalam Ramesh S Arunachalam 18 November 2011
Charges of serious misreporting and mismanagement again surfaced in the Indian micro-finance. The question is how could a company like Sahayata Microfinance, which was darling of so many investors, lenders and stakeholders go astray I came across a very interesting news item in a...

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Moneylife Digital Team 17 November 2011
Phoenix Mills MC Mumbai project has Rs725.9 crore debt on its book Even before its launch, Phoenix Mills’ Mumbai Market City (MC) project looks like it is in for tough times. A report by stockbroker Emkay Global says that the project has a total debt of Rs725.9 crore and will have to operate...

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Ramesh S Arunachalam Ramesh S Arunachalam 16 November 2011
Lack of a proper regulatory framework, including lack of proper supervision had played an important role in the disorderly growth of the NBFC MFIs A recent news item stated that, “In its report ‘Trend and Progress of Banking in India 2010-2011’, The Reserve Bank of India (RBI) states...

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Moneylife Digital Team 15 November 2011
They hope sane counsel will prevail, at least this time As speculation continues about the fate of troubled Kingfisher Airlines, rumours are circulating that the government, probably, will bail out the company. However, many activists and citizens have criticised the possible move. Their view...

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Moneylife Digital Team 11 November 2011
Dr Vijay Mallya is seeking a bailout for the nearly bankrupt-Kingfisher. But he has leveraged the group to the hilt, according to our sources Even as Dr Vijay Mallya, the promoter of United Breweries (UB) group is looking for a bailout for the debt-ridden Kingfisher Airlines, Moneylife learns...

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Moneylife Digital Team 11 November 2011
Lenders have already burned their fingers with the 'king of good times' carrier and yet, the government is eager to bailout the debt ridden Kingfisher for the second time Kingfisher Airlines, which won the Skytrax award for India's best airliner in 2011, is again facing turbulence and instead...

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Ramesh S Arunachalam Ramesh S Arunachalam 11 November 2011
If complaints of low-income MFI clients are resolved at the earliest, it would help avoid another crisis, as was seen in 2010 During the peak of the crisis, I remember Suresh Gurumani, the then CEO of SKS Micro-Finance, responded to my post in the micro-finance practice a Yahoo...

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Moneylife Digital Team 11 November 2011
The performance and stocks of the biggest companies from the city are on an endless slide amid mounting controversies of political nexus and mis-governance While the Telangana saga unfolds, Hyderabad prepares for another battle. But the nightmares have already started for the investors of...

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Moneylife Digital Team 10 November 2011
Further increase in petrol prices and levy of an additional duty on diesel vehicle would negatively impact passenger vehicle demand in the short term The festive season between Dussehra and Diwali on which the automobile industry has very high hopes turned out to be lacklustre, especially for...

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Moneylife Digital Team 10 November 2011
The brothers may not see eye-to-eye but across most of the schemes, Reliance Mutual Fund is a big investor in RIL. Sadly, it has cost RMF investors dearly One of the most celebrated cases of sibling rivalry in India has been that of Mukesh and Anil Ambani. The two brothers split the Reliance...

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Moneylife Digital Team 09 November 2011
While HUL and Marico witnessed increased profits, others show poor profit growth Fast moving consumer goods (FMCG) companies seem to be struggling under increased input cost burden. Only two among the companies that have declared their results so far - Hindustan Unilever (HUL) and...

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Moneylife Digital Team 09 November 2011
For the Italian economy, growth and austerity are not enough to offset cost of debt. Italian Prime Minister Silvio Berlusconi has pledged to resign in the wake of a crisis in the Italian economy. But analysts from Barclays say that the economy is mathematically beyond point of return. The...

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