ECONOMY & NATION


Moneylife Digital Team 11 July 2011
Nomura report says slowdown could lead developers to cut prices in the coming festive season, but this will be easier on new launches rather than existing projects There has been a sharp 30% drop in registrations of property sales in Mumbai in June 2011 year-on-year, which confirms the...

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Moneylife Digital Team 08 July 2011
Brokerages say demand has been stable in the first quarter, although softening is visible in some categories and this could spread to other areas in the second half as prices harden The fast moving consumer goods (FMCG) sector, which is dominated by some large Indian companies and...

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Moneylife Digital Team 07 July 2011
Pranab Mukherjee expects inflationary pressures to continue due to higher fuel prices New Delhi: While the food and fuel inflation figures announced today have shown signs of easing, union finance minister Pranab Mukherjee has said that inflationary pressures are likely to continue due to...

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Moneylife Digital Team 07 July 2011
Contrary to the general perception that a good monsoon has a positive impact, brokerages suggest that stock markets have performed well even when there was average to above average rainfall. In addition, demand and consumption, especially in the rural market, and the health of government...

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Moneylife Digital Team 07 July 2011
Brokerages say banks are seeing a significant growth in funds mobilisation, but lower credit off-take; public sector lenders under strain from exposure to power utilities The banking sector is likely to have a lacklustre performance in the first quarter on account of dull domestic conditions...

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Moneylife Digital Team 06 July 2011
Directs company to change TV commercial which says ‘Pureit’ can destroy one crore viruses in one litre of water and that this is confirmed by tests by NIV Pune-based National Institute of Virology (NIV) has warned Hindustan Unilever Limited (HUL) of legal action if it does not change the...

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Moneylife Digital Team 06 July 2011
Here is good news for WorldSpace radio fans. Erstwhile employees of WorldSpace along with Saregama India, plan to provide much-loved music through mobile, Internet and DTH Saregama India Ltd, which owns the largest music archives in the country, has bought a 10% stake in Timbre Media Pvt Ltd...

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Moneylife Digital Team 06 July 2011
Cross-currency movements also favour higher dollar revenues, but increased manpower costs could result in a decline in margins The information technology (IT) sector should put in a positive performance in the June quarter, as the demand landscape remains unscathed and user spending...

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‘Big bath’ in balance sheet of the State Bank of India and the bloodbath on the stock price were a result of the deficiency on the part of statutory auditors who failed to guide the management properly Despite all the clarifications given by the newly-appointed chairman of the State Bank of...

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Moneylife Digital Team 06 July 2011
Domestic slowdown and global uncertainty has resulted in lower FII inflows in the April-June quarter  High inflation and high interest rates continues to be a drag on overall economic growth and will likely hurt the performance of companies in the first quarter of 2011-12, according to...

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Moneylife Digital Team 05 July 2011
Finally, the website owned by the ADA group says that there is no potential for it in the youth networking business which is dominated by Facebook and other global players, and that its future lies in e-commerce rather than 'free' social networking services As reported by Moneylife on 1st...

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Moneylife Digital Team 05 July 2011
Currency growth drops to 15.8% in June, from the peak of 21% in August last year Growth of currency in circulation in the country has slowed down to its lowest in about a year, the outcome of the slowdown in economic activity and partly the higher real deposit rates over the past couple of...

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Moneylife Digital Team 05 July 2011
According to Goldman Sachs, middlemen have become monopoly buyers of agricultural produce, allowing them to take advantage of any shortage in supply, or spurt in demand, but they will not pass on the benefits to farmers or consumers The Indian economy is grappling with inflation, with the...

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Moneylife Digital Team 04 July 2011
According to an interaction Motilal Oswal Securities analysts had with real estate agents, sales volumes in Mumbai are weak and they are plummeting in the NCR. However, they are largely stable in Bengaluru and Chennai, with a limited impact on increasing mortgage rates The real estate sector...

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Moneylife Digital Team 04 July 2011
Stock bounces back today after losing 16% since 6th June. Market experts believe delisting plan a ploy to try and ramp up the stock price Compact Disc India (CDI) has left its retail investors fuming over its delisting plans. The shareholders are questioning the company's motives, as it has...

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Moneylife Digital Team 01 July 2011
While Google is renewing its focus on the social-networking space by creating Google+, the ADA group's initiative Bigadda.com is scaling down social networking services. Bigadda, the youth-oriented social platform, may remain as a celebrity blog and gaming site Bigadda.com, the blog and...

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Sucheta Dalal Sucheta Dalal 30 June 2011
With senior employees in jail and investors losing money, Dhirubhai Ambani’s legacy looks badly tarnished All of a sudden, their immense wealth, access to political power, ability to scuttle all investigation for wrongdoing and their media clout don’t seem to be working anymore. For the first...

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Who says the government wants to go after black money stashed abroad? The fact that at least 18 Indians have nearly Rs44 crore stashed in Liechtenstein, a tiny European tax haven, was known and reported by the media way back in early 2008. Their names were among the 1,400 that a bank...

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The crooked and the famous manage to squeeze in and out of their luxury limos while we still have barefoot managers, finds Veeresh Malik Its brilliance in design and understated elegance was never displayed better than when Suresh Kalmadi strode into the brand new CBI (Central Bureau of...

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Moneylife Digital Team 28 June 2011
According to a study by Crisil, prices of aviation turbine fuel, kerosene, bulk of fruits and vegetables have all witnessed double-digit inflation over the past three years while milk prices have nearly trebled during the last two years Surging inflation cost India households an additional...

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