ECONOMY & NATION


Moneylife Digital Team 27 November 2014
So far, there were only reports of back channel talks between Shiv Sena and BJP, but chief minister Fadnavis formally announced that talks will be back on track on Friday   Notwithstanding the recent bickering between the former allies, the Bharatiya Janata Party (BJP) Thursday...

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Karnataka is making drip irrigation mandatory in sugarcane cultivation from February 2015. The state government has also asked sugar mills to start crushing sugarcane latest by 30th November   Two major decisions have taken place in the last few days in Karnataka state that are...

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Moneylife Digital Team 27 November 2014
According to Nomura, since we are entering a period of very low base from last year, for some categories in the auto industry growth rates would look very high in November   The path of volume recovery in Indian auto sales is likely to continue in November 2014 with improvement in...

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Moneylife Digital Team 26 November 2014
According to Care Ratings, while strengthening of the US dollar has caused volatility in the currency markets, FII inflows may provide cushion to the Indian rupee against a strong dollar   The strengthening of the US dollar in recent times has caused some element of volatility in the...

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India can and should take advantage of present fall in price and obtain whatever it can, provided we have adequate and secure storage facilities.  This will provide increased energy security   According to Fatih Birol, Chief Economist, International Energy Agency (IEA), the current...

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Moneylife Digital Team 26 November 2014
Rakesh Jhunjhunwala will buy 4.99% stake while a group of 12 individuals would purchase 56.25 crore warrants held by FTIL in MCX-SX for Rs88.42 crore   Financial Technologies (India) Ltd said it has entered into an agreement to sell its entire stake and warrants in MCX Stock Exchange...

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Moneylife Digital Team 25 November 2014
The Health Ministry has accepted recommendations of an expert panel that includes ban on sale of loose cigarettes and making cognizable offences related with tobacco   The Union Health Ministry has accepted the recommendation of an expert panel to ban the sale of loose cigarettes.

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Moneylife Digital Team 24 November 2014
According to media reports, the ED has alleged that these officials misused cash credit facilities and laundered the proceeds to Dubai via Hawala route   The Enforcement Directorate has registered case against officials from state-run Dena Bank, Oriental Bank of Commerce (OBC), Bank...

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Moneylife Digital Team 24 November 2014
According to Nomura, in 2015F, strength in the US and China would continue to drive global auto growth, coupled with further improvement in Europe and India   Global auto demand would continue to be steady with a 3.2% increase driven by Europe, the US and India and these three markets...

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Moneylife Digital Team 24 November 2014
Both houses, Lok Sabha and Rajya Sabha were adjourned after condoling the death of three sitting members, including former union minister Murli Deora   Parliament was adjourned Monday after condoling the death of three sitting members, including former union minister Murli Deora.

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Moneylife Digital Team 24 November 2014
Murli Deora was Mayor of Mumbai from 1977 to 1978 and elected to Lok Sabha four times from Mumbai South, a seat later held by his son, Milind   Senior Congress leader and former Union Minister Murli Deora passed away at Mumbai Monday morning after prolonged illness. He was 77 and is...

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Moneylife Digital Team 21 November 2014
FTIL founder-promoter Jignesh Shah would no longer hold any executive or managerial position the company   Jignesh Shah, the promoter of Financial Technologies (India) Ltd (FTIL) has stepped down as managing director and chief executive of the company. Shah would be replaced by...

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Moneylife Digital Team 21 November 2014
The Deen Dayal Upadhyaya Gram Jyoti Yojana and Integrated Power Development Scheme aim to strengthen sub-transmission and distribution network in urban and rural areas   The Union Cabinet has approved four significant decisions for the power sector — Deen Dayal Upadhyaya Gram Jyoti...

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Jake Bernstein (ProPublica) 21 November 2014
Ahead of Senate hearing on regulatory capture, the Federal Reserve Board wants to look at whether the views of examiners are being heard by higher-ups   Editor's Note: This story has been updated to cover the Federal Reserve Board's announcement that it would review its supervision of...

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Moneylife Digital Team 20 November 2014
Shares of both Kotak Mahindra Bank and ING Vysya Bank hit their 52-week high on Thursday following news reports about the possible merger between the two lenders. The acquisition was later confirmed by Uday Kotak via Twitter   Private lender Kotak Mahindra Bank Ltd Thursday said it...

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Moneylife Digital Team 20 November 2014
CBI had filed the closure report in the case in which it had earlier registered an FIR against JLD Yavatmal Energy, its directors Vijay Darda, his son Devendra Darda, Rajendra Darda, Manoj Jayaswal, Anand Jayaswal and Abhishek Jayaswal and other unknown persons   A special court on...

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Moneylife Digital Team 19 November 2014
During the second quarter, total number of loans disbursed by MFIs grew by 35% while average loan amount disbursed per account crossed the Rs15,000 mark   During the September quarter, funding for micro finance institutions (MFIs) grew 172% compared with same quarter last year, while...

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Moneylife Digital Team 18 November 2014
The probe into Seashore Group may cause embarrassment for the Naveen Patnaik government as it had entrusted the Group with the task of executing different projects on public-private-partnership mode   The Central Bureau of Investigation (CBI) on Tuesday carried out searches in four...

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Moneylife Digital Team 18 November 2014
Sharad Pawar who declared unconditional support to BJP soon after the election verdict for stability, has said that having a stable government in Maharashtra is not his party's responsibility   Sharad Pawar, the Maratha strongman and president of Nationalist Congress Party (NCP) on...

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Moneylife Digital Team 18 November 2014
The loan, guaranteed by RIL, will be used to refinance term loans of $1.5 billion tied up by Reliance Jio Infocomm in 2010   Reliance Jio Infocomm Ltd (RJIL), the telecom unit of Reliance Industries Ltd (RIL) said it has raised a syndicated term loan of $1.5 billion from 26 lenders...

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