ECONOMY & NATION


Moneylife Digital Team 19 October 2010
The retail giant’s profits may be hurt as it adopts IFRS from FY12, which involves making provision for customer loyalty programs. Some auditor qualifications in its accounts are also a cause for concern The piling debt burden may not be the only worrying aspect for shareholders of Pantaloon...

Read More



Moneylife Digital Team 18 October 2010
Bharat Diamond Bourse, built at a cost of Rs1,100 crore, opens at Bandra-Kurla business district, nearly 20 years after it was planned Union Commerce and Industry minister Anand Sharma is hopeful that diamond exports will see a huge growth with the opening of the Bharat Diamond Bourse (BDB),...

Read More



Moneylife Digital Team 15 October 2010
The country's largest lender aims to tap the retail market through an attractively-priced bond issue for the first time; plans to create a secondary market for the same to enable further such issues    India's largest public sector bank State Bank of India (SBI) is trying to gauge the...

Read More



Moneylife Digital Team 14 October 2010
Lower production and robust demand is expected to take red metal prices up further over the next couple of years Copper prices on Wednesday crossed a two-and-a half-year high on the global market on a weakening dollar and increased demand from China. According to an analyst at a commodity...

Read More



Priyanka Desai 13 October 2010
Whether it’s apparel, household items, electronics, or jewellery that you are looking for, the big outlets as well as the not-so-big ones are wrapping special packages for the occasion The festive season has begun. Bright lights are on, the music has started, there's dancing on the street. It's...

Read More



Sucheta Dalal Sucheta Dalal 13 October 2010
Stricter regulator norms needed for MFIs run as for-profit enterprises The controversy at SKS Microfinance and the unceremonious sacking of its CEO is probably the best thing to have happened to the microfinance industry. SKS' high profile, its ferocious growth (200% last year), and the support...

Read More



Moneylife Digital Team 13 October 2010
Despite our repeated attempts, SKS Microfinance has not spoken to Moneylife. Meanwhile, in her second letter to us, Malini M Byanna has pointed to several new issues not in the public domain Dear Sucheta Dalal, Further to my note, (Moneylife: Please see

Read More



Sharad Matade 12 October 2010
Despite the country’s abundant coal reserves, India is beginning to look at other nations to tie up its huge requirements. Environmental restrictions, militant activities & land-acquisition problems are hitting the coal industry hard At a time when the world's largest coal producer Coal India...

Read More



Sucheta Dalal Sucheta Dalal 12 October 2010
This high-profile microfinance company has sacked its CEO, under a shroud of secrecy. The bigger question is whether these aggressive, for-profit organisations should be allowed to play havoc with the finances of the rural poor A week after SKS Microfinance shocked the corporate world by...

Read More



Moneylife Digital Team 12 October 2010
Yesterday we had reported on how SKS Microfinance had sacked its CEO under a shroud of secrecy. We reproduce a letter below (verbatim) we have received from Malini M Byanna, Vikram Akula’s former wife Dear Sucheta Dalal, Thank you for having the courage to write such an article, (Moneylife...

Read More



Moneylife Digital Team 07 October 2010
Market regulator also asks company to sell 6.06 lakh shares it bought in two transactions and transfer any profit from sale to the Investor Protection Fund Market regulator Securities and Exchange Board of India (SEBI) has asked Anjaniputra Ispat Ltd to continue with its open offer to buy a...

Read More



Ankita Chokhani 07 October 2010
Exporters are attracted by higher world prices; but domestic textile and garment manufacturers are worried they may be affected The government has approved the export of 5.5 million bales (a bale is 170 kg each) of cotton his year. So far, 1.64 million bales have been registered with the...

Read More



Priyanka Desai 07 October 2010
Analysts perceive the ‘convenience food’ sector to be a booming one; it is estimated to grow even further in the coming years Young, urban and chic, India's populace today has no time to linger around the kitchen to dish out their favourite meals. Gastronomy tours start at the supermarket and...

Read More



Sharad Matade 06 October 2010
Cement prices in the north and south of India are still under pressure due to heavy flooding and excess supply As the monsoons ended last month, cement companies have increased prices. Last month cement companies hiked prices in the rage of Rs25- Rs40 for a 50-kg bag. According to media...

Read More



Moneylife Digital Team 06 October 2010
Pantaloon has achieved phenomenal sales growth over the past few years. The expansion has been driven by massive debt financing. Now the interest and repayment burden could restrict further growth Over the past few years, Pantaloon Retail, the country's largest retail chain by sales, has...

Read More



William Gamble William Gamble 06 October 2010
Restrictions on property rights and inconsistent government action based on short-term political considerations not only hurt a country’s home food market, but also can boomerang The black earth region is an area southeast of Moscow. It is some of the most fertile soil in the world. It is so...

Read More



Ankita Chokhani 05 October 2010
The Indian rupee is expected to appreciate to around 44.15 against the dollar as there will be foreign inflows till mid-October and then foreign investors are expected to exit the markets in early November, boosting the greenback The rupee's rise from 46.69 in June 2010 to 44.68 on 1st...

Read More



Sharad Matade 05 October 2010
Steel demand in developed economies in 2011 is expected to be well below the pre-crisis peak level Taking advantage of the slowdown in production of steel and consumption of raw material in China, Indian steel companies have increased the prices of their products between Rs1,000 and Rs1,500 per...

Read More



Sharad Matade 04 October 2010
China, the world’s largest producer and consumer of steel, is planning to implement an energy rationalisation policy. This will lead to plant shutdowns and reduced steel demand, causing a reduction in prices of raw material inputs India's largest iron ore mining producer National Mineral...

Read More



Raj Pradhan Raj Pradhan 01 October 2010
Call it corporate muscle power or lure of future business, insurers still bend over backwards to take care of group insurance policies Most group insurance policies enjoy numerous perks like maternity, post-natal care, pre-existing ailments, dental and ophthalmic care. The icing on the cake is...

Read More

Free Helpline
Legal Credit
Feedback