ECONOMY & NATION


Moneylife Digital Team 01 December 2014
Mangalore Chemicals and Fertilizers shares reacted favourably to the resignation on the Bombay Stock Exchange and rose 7.65% to Rs89.25   UB group chairman, Vijay Mallya has quit as a director of Mangalore Chemicals & Fertilizers (MCF). MCF has informed BSE that Mallya, a director on...

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Moneylife Digital Team 01 December 2014
In July, crude oil price was around $100. Now it’s around $65. What has caused the oil price to crash 35% suddenly?   The US Benchmark Western Texas Intermediate (WTI) fell to $64.47 today which was its lowest level since May 2010. This comes after the WTI contracts for January had...

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Moneylife Digital Team 01 December 2014
Maruti Suzuki said it is replacing, free of cost, a faulty part of clutch operation system in its newly launched Ciaz sedan   Maruti Suzuki India Ltd (MSIL), the country's largest carmaker has recalled 3,796 units of its newly launched mid-sized sedan Ciaz to replace a faulty part of...

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Chinese ambition to dominate the far east and Asia also needs to be checked by India extending closer cooperation with Japan, Philippines, Vietnam, South Korea, Malaysia, and closer at home to other countries such as Sri Lanka, Bhutan, Nepal, Bangladesh, Myanmar, Afghanistan and...

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Moneylife Digital Team 01 December 2014
RBI has kept policy rates unchanged for almost 10 months citing high inflation. Despite persistent demand from industry and government for a cut to boost economic activity, the central bank may keep rates on hold, says Morgan Stanley in a note   The Reserve Bank of India (RBI) will...

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Moneylife Digital Team 01 December 2014
Given the recent slide of commodity prices, Nomura said it expect input costs to fall next month, while output prices may remain largely unchanged as demand improves, leading to better corporate profit margins   Led by sharp rise in the output and new orders sub-indexes, the HSBC...

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Moneylife Digital Team 01 December 2014
Out of the 12 special resolutions, shareholders rejected nine resolutions connected with entities related with USL chairman Vijay Mallya   Minority shareholders of United Spirits Ltd (USL) defeated a majority of the special resolutions during the company's extraordinary general...

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Moneylife Digital Team 28 November 2014
One option is to change the SpiceJet management like Satyam’s   The cash-strapped SpiceJet, which is suffering huge daily losses and the wrath of consumers due to flight cancellations, will have to remain operational using its own recapitalisation strategy as the promoters, according...

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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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