ECONOMY & NATION


Moneylife Digital Team 20 May 2011
Softcell will provide sales and services support for Apple products to corporate customers in India for Apple's world class products like the iMac, MacBook Air, MacBook Pro, Mac Mini, etc. It will also provide the technical know-how to customers for integrating Apple products in their business...

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Moneylife Digital Team 19 May 2011
Commenting on the development, Sunil Dalal managing director of Softcell Technologies said, "We are glad to be recognized as PTC's first Platinum Partner in India. Our strategic partnership with a global company like PTC has enabled us to provide customers with strategic business value in their...

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Moneylife Digital Team 17 May 2011
The Bombay High Court, earlier this month, ordered the resumption of proceedings against Helios and Matheson in a case relating to the fraudulent acquisition of vMoksha Helios and Matheson (H&M), the Chennai-based company that is involved in a battle with vMoksha Technologies over the...

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Moneylife Digital Team 13 May 2011
While setting aside the orders passed by the Sessions Court, the HC has allowed a revision application by VMoksha's co-founder Rajiv Sawhney against H&M The Bombay High Court has set aside the orders of the Sessions Court and allowed a revision application of VMoksha Technologies co-founder...

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Moneylife Digital Team 12 May 2011
Panellists at CII conclave underline a crisis of credibility and procedural hassles that are hampering progress in the realty business. Propose exploring new areas Anurag Mathur, managing director, Cushman & Wakefield India, says the country is in urgent need of a regulator for the realty...

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Moneylife Digital Team 12 May 2011
Experts believe that the real estate and infrastructure sectors will benefit from higher economic growth in the country. But there is a case for caution in the short-term Two little-talked about sectors, education and healthcare, will significantly boost the growth of real estate in India in...

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The company’s scrip has languished over the past year due to its inability to execute the massive diversification exercise that it has already launched, in retailing. And now Reliance is looking at further forays into uncharted areas—power generation, fertilizers, cement and the overcrowded...

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Moneylife Digital Team 06 May 2011
Net interest income increased 22.9% to Rs1,716 crore in the March 2011 quarter from Rs1,396 crore in fourth quarter of FY09-10 while net interest margins stood at 3.44% In line with expectations, state-owned lender Union Bank of India reported a net profit of Rs597.60 crore in the quarter...

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The new ‘hypercar’ on the block is the Koenigsegg Agera which may cost anything between Rs13 crore and Rs16 crore, or Rs17 crore landed in India. Throw in a few more crores for duties, taxes, registration and insurance, and you have a money block of about Rs20 crore on day one There seems to...

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Moneylife Digital Team 05 May 2011
The sector has witnessed two years of healthy growth, but inflation, higher interest rates and rising prices of fuel may muddy the waters for the automobile industry The start of the fiscal year has traditionally been a weak period for the Indian automobile industry. According to a report...

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Moneylife Digital team 03 May 2011
With RBI tightening interest rates further, it’s doubtful that the traditional occasion for new beginnings will change much in the troubled sector Friday, 6th May,...

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Moneylife Digital Team 03 May 2011
The global body expects strong growth in the use of steel in the country due to its strong domestic economy, massive infrastructure requirements and industrial expansion. Demand in developed economies slowing Steel demand in India is estimated to grow by an impressive 13.3% to 68.7 million...

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Moneylife Digital Team 03 May 2011
Central bank pegs GDP growth rate for current fiscal at 8% against government’s projection of 9% The Reserve Bank of India (RBI) in its monetary policy for 2011-12 today raised its short-term lending (repo) rate by 50 basis points (bps) to 7.25% and the short-term borrowing rate (reverse...

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Right from the definition of a ‘senior citizen’ for tax evaluation to the definition of a ‘Non-Resident Indian’, our tax and forex laws are full of inconsistencies and discrepancies. It is high time the government removed these lacunae Our laws—mainly those dealing in economic matters...

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All airlines are facing cost pressures due to a rise in ATF prices. But with fares recovering and Air India pilots on strike, the summer may prove to be better than expected for private airlines Air India triggered an aggressive pricing war in the fourth quarter of FY11. Since April,...

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Moneylife Digital Team 27 April 2011
Higher input costs are eating into margins of companies and cement makers will be particularly hurt by a demand-supply gap, analysts suggest Indian cement companies' earnings will remain under pressure through the financial year 2011-12, on account of over-capacity, weak realisations and...

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Moneylife Digital Team 27 April 2011
Transfer of 3,000 employees involved in Symbian software activities may be a signal of the end of the OS that has been associated with Nokia for ages. Rival Apple's iOS and Google's Android have taken an unbeatable lead in smartphones and software, and Nokia is trying to regain market share with...

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Rahul Sonthalia 26 April 2011
Silver has risen to an all-time high, immediate delivery prices are up 5.4% at $49.79/ounce, surpassing the previous high of $49.45 in 1980. But as global analysts predict, this rally may not sustain—and a correction could be on the cards There is a very interesting theory in financial...

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Shukti Sarma 25 April 2011
MMTC’s plan to launch its own jewellery brand comes at a time when Indian jewellers are waking up to the potential of branded jewellery, but will the dream bear fruit? The government undertaking Minerals and Metals Trading Corporation of India Ltd (MMTC), which is the biggest bullion trader...

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