ECONOMY & NATION


There is speculation that Maruti may well use the lockout to move from the current landlocked location to a place near a seaport, which could be Gujarat, an auto hub. This will free up priceless land in Haryana as well Maruti-Suzuki has been affected by a debilitating strike at its Manesar...

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Moneylife Digital Team 06 September 2011
The stock has lost more than 50% of its value since the company announced a share buyback in April. This shows a serious crisis of confidence among investors Infinite Computer Solutions (India), which has launched a share buyback amounting Rs27 crore, continues to languish on the market,...

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A one-sided contract between Cochin Port Trust, the landlord, and DP World Ports Vallarpadam Terminal, its tenant, has led to intense lobbying over cabotage rules. A local problem, which has more to do with a local solution, is being used as a catalyst to push a deeper agenda with a national...

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Moneylife Digital Team 05 September 2011
The company’s announcement in the media last week follows a fresh order by the Reserve Bank of India, asking it to bring down its aggregate liability to zero by 30 June 2015 and repay its depositors on maturity A recent announcement by Sahara India Financial Corporation Limited (SIFCL)...

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In some ways, financing arrangements today penalise the small producer for mistakes of other parties. There is an urgent need to make financial products for low-income people client-sensitive and responsive  Even as the search for a microfinance law to enhance financial inclusion continues,...

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Before allowing MFIs to become banks, the Reserve Bank of India must ensure that these institutions are equipped with adequate due diligence and sound KYC policies and procedures The idea of microfinance institutions (MFIs) converting to banks is an intrinsically attractive one, and without...

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Moneylife Digital Team 31 August 2011
PSU marketing companies continue to pile up losses selling fuel below costs. While some major banks have been hurt by higher provisioning requirements, the sector overall has been burdened by increasing rates that has slowed credit demand Oil refiners recorded a huge 41% growth in revenues...

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Moneylife Digital Team 30 August 2011
EAS Sarma, former power and finance secretary writes to prime minister demanding project-by-project probe into the coal linkages for these projects and the dubious nature of the companies Former power and finance secretary EAS Sarma has urged the prime minister to order an investigation into...

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Moneylife Digital Team 30 August 2011
There has been 10%-15% lower production in the early kharif crop due to erratic rainfall. However, experts believe there is no need to panic as this is only a fifth of the annual production and there is plenty of stock  Early kharif crop production from the country's largest onion...

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Moneylife Digital Team 29 August 2011
Sugar sector records net loss in April-June 2011 period; profits dip for shipping and real estate too The sugar sector was the worst performer in the first quarter of 2011-12, a complete reversal for sugar producers who recorded the highest net profit growth in the previous quarter.

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Moneylife Digital Team 29 August 2011
Symantec specialisations recognise and reward partners who have built expertise around a particular technology or market solution. Softcell is a Symantec Platinum Partner Softcell Technologies (Softcell) today announced that it has achieved Symantec Specialisations in the area of data...

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It is important to understand that MFIs co-opted local leaders as agents in their desire to grow rapidly, to cope with the costs of servicing the last mile and maximize profits A few days ago I wrote that the proposed microfinance development bill must build safeguards against the presence of...

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Moneylife Digital Team 26 August 2011
Out of the 29 major sectors that Moneylife tracks, lifestyle & leisure showed the highest growth, registering a 43% growth in revenues in the June 2011 quarter, on a year-on-year basis It looks like the slowdown in the economy and rising inflation have not dampened the spirit of consumers...

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Moneylife Digital Team 26 August 2011
With demand growing far slower than production, cement manufacturers will find it difficult to pass on increasing costs to customers, which is likely to result in a steep reduction in profit margins by 2012-13 Crisil Research has forecast that the profitability of the cement sector will...

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Improved public transport is making more people park their cars at home, while local fuel-efficient small autos are gaining traction globally The past few weeks have been interesting for the Indian auto industry. On one side, the expected boom in exports of fuel-efficient cars, bikes and...

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Moneylife Digital Team 25 August 2011
There has been concern over production of pulses this year, as the area under cultivation across the country has been lower by more than 11% The prices of pulses such as tur dal, urad dal, chana are expected to remain stable, despite the reduced area cultivated this year, as the crop...

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Moneylife Digital Team 25 August 2011
DLF alone has a debt of Rs215 billion; companies struggle to raise funds, try to sell land parcels to repay debt, cut losses. Analysts, consultants say developers depend on an improvement in project sales, which can only happen after a correction Companies in the real estate sector have...

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Moneylife Digital Team 24 August 2011
There could be severe ramifications due to power generation from coal, considering the sheer scale of the capacity addition; the geographic concentration of the proposed plants; their predominantly private sector ownership and the severe environmental consequences along with implications for...

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There is a feeling among bankers that the acquisition of MFIs could strengthen the functioning of these institutions and enable the much-needed funds infusion. But any such takeover would first require an assessment of the portfolio of these MFIs The proposed Microfinance Institutions...

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Moneylife Digital Team 23 August 2011
The survey also revealed that 58% are unhappy with their current service provider and a majority of users have a common complaint against all providers for not having a proper redressal mechanism in place and not acknowledging the issues faced by subscribers Highlights of  the survey ...

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