ECONOMY & NATION


After ending its 26-year-old successful joint venture with Honda, the Munjal-family now want to pump more money into Hero MotoCorp for increasing production capacity, with an eye on R&D as well New Delhi: Hero MotoCorp, India's largest two-wheeler maker on Monday said it will invest...

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Ramesh S Arunachalam Ramesh S Arunachalam 04 June 2012
Banks needs to avoid appointing all and sundry as their business correspondents, just to meet internal or policy targets   The government in India has adopted a very important strategy to try and achieve financial inclusion, using business correspondents (BC) to serve and service...

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Finance Minister Pranab Mukherjee, however admitted, that the Indian government does not have headroom for proactive fiscal policy New Delhi: Pinning hopes on declining global crude oil prices and normal monsoon, Indian Finance Minister Pranab Mukherjee on Monday said these positive...

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According to the industry body, stalling of the growth process and policy inactions hurt the common people the most and what we lose in the process are valuable jobs and sources for generating income   Terming the economic situation as ‘grave’, industry body Federation of Indian...

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GMR-led DIAL said it won the bid to development Delhi airport through a global tender where terms like concessional land and usage of 5% of airport land for commercial purposes were available to all bidders New Delhi: Questioning the jurisdiction of The Comptroller and Auditor General...

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Haridwar-based Patanjali Yog Peeth has been issued notice for for sale of coupons of different denominations for organising 'yog shivirs' across the country New Delhi: After Income Tax, it is now turn of the Service Tax department to issue a notice of Rs4.94 crore dues to Yoga guru Baba...

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Tree House Education that has a total of 302 pre-schools across 37 cities, would buy pre-schooling division of MT Educare Mumbai: Tree House Education and Accessories Ltd, one of the leading providers of educational services said it signed a non-binding memorandum of understanding with...

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According to the RBI deputy governor, rising food inflation and depreciating rupee are the conflicting factors the central bank would consider while deciding on policy rates on 18 June Mumbai: With the economic growth slipping to nine-year low levels, Reserve Bank of India (RBI) deputy...

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Sonia Gandhi said opposition parties and some anti-Congress elements are levelling allegations against the party, government and the Prime Minister, as part of a conspiracy New Delhi: Congress President Sonia Gandhi on Monday made a scathing attack on the opposition parties and civil...

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Kejariwal's claim came as cracks appeared on the newly-formed Ramdev-Anna Hazare combine after the Team Anna member made an abrupt exit yesterday Noida: Differences continued to remain between Team Anna and Baba Ramdev with activist Arvind Kejriwal on Monday contradicting the yoga guru's...

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The cricket legend, who has scored record 100 international centuries, was nominated to the Rajya Sabha and today took oath as member of parliament New Delhi: Cricketer Sachin Tendulkar on Monday began a new innings as a member of Parliament. He took oath as member of Rajya Sabha to which...

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Governments are enamoured with manipulating the market. The irony is now the market is manipulating them. So the reality is that China’s slowdown is inevitable and it matters little what Wen says Recently markets have been concerned about slowing growth in China. According to the data...

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Another railway accident has happened. As former railway minister Dinesh Trivedi revealed in a Moneylife Foundation event, railway safety has been consistently ignored On 22nd May, 24 people were killed and 35 injured at dawn when the Hampi Express collided with a stationary goods train...

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Moneylife Digital Team 01 June 2012
Even as Indians pay higher and higher oil prices to compensate oil companies, these companies happily dole out dividends to its shareholders, the biggest beneficiary being the government Oil companies such as Indian Oil Corporation (IOC), Oil India (OIL), Hindustan Petroleum Corporation...

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Moneylife Digital Team 01 June 2012
According to a proxy advisory firm, the proposed share-swap between Shriram Transport Finance and Shriram Holdings is tilted in favour of shareholders of the latter and would lead in increasing promoter shareholding Shriram Transport Finance Company (STFC) is proposing to approve a scheme of...

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Moneylife Digital Team 31 May 2012
The electrical and electronic appliance maker has posted good results and plans to spend Rs25 crore on capex to expand capacities V-Guard, the makers of electrical and electronic appliances, saw its net profit for the fourth quarter of the fiscal 2011-12 increase 70% to Rs19.17 crore...

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Moneylife Digital Team 31 May 2012
Credit Suisse, in its hard hitting analysis says that India’s GDP growth for the March quarter is much below expectations and coalition politicians may put more pressure on the RBI for easing rates India’s gross domestic product (GDP) growth for the March quarter at 5.3% is well below...

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Moneylife Digital Team 31 May 2012
Colgate Palmolive India has reported healthy results, with 18% increase in quarterly sales and 15% increase in net profits despite a challenging economic environment Colgate Palmolive India (Colgate), a leading fast moving consumer goods (FMCG) company, reported net sales for the quarter...

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A reign of tax terror unleashed by the tax enforcement machinery will only harm India’s chances of attracting FDI. The rules must be clear and not open to multiple interpretations at the whims of a compromised bureaucracy and high-handed politicians The declining rupee and the soaring...

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Moneylife Digital Team 30 May 2012
Massive input cost pressures, especially from imported coal, inflation and global uncertainty led to a consistent decline in operating profit of SAIL for the third consecutive quarter Steel Authority of India (SAIL), a leading steel manufacturer, posted robust fourth quarter results,...

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