ECONOMY & NATION


Moneylife Digital Team 29 October 2014
Dismissing the government's pleas against the full disclosure of the names of foreign account holders, SC says the SIT will decide the future course of action   After the Supreme Court rapped the Central government for not providing it with complete information about the foreign bank...

Read More



Moneylife Digital Team 29 October 2014
High attrition has been a trend with the IT industry since a long time now. Will aggressive retention policies adopted by industry giants buck the trend?   In an attempt to retain key staff and improve employee morale, the Bangalore based IT giant, Infosys, has promoted 4000 employees...

Read More



Moneylife Digital Team 29 October 2014
Though India’s ranking has dropped in the Ease of Doing Business Report, it has ‘gained’ points compared to last year and Modi effect has still not been incorporated   From among 189 countries, India  has been ranked 142nd (53.97 points) in the World Bank’s ‘Ease of Doing Business...

Read More



The Department of Industrial Policy and Promotion has recently cleared 19 proposals for defence production in which some of the leading corporate giants are involved   Thanks to the liberalised delicensing procedure as outlined in the Foreign Direct Investment Policy,  which raised...

Read More



Moneylife Digital Team 29 October 2014
Investors claim that investments made by ICICI Ventures in real estate projects caused huge losses, for which the investors are seeking damages   69 NRI investors, who had invested in ICICI Ventures' India Dynamic Fund III, have sued 'ICICI and associated companies' to the Mauritius...

Read More



Moneylife Digital Team 28 October 2014
After days of rhetoric and u-turns, Devendra Fadnavis set to become new Maharashtra CM   Devendra Fadnavis was elected the leader of the BJP's legislative party by the party's MLAs at a meeting of the party's newly elected MLAs and senior leaders in Mumbai.   Rajnath Singh as...

Read More



Moneylife Digital Team 28 October 2014
Japanese technology major Softbank's latest cash infusion into two hotly contested fields makes the competition even harder for the incumbents   Softbank Internet and Media Co has announced that it is buying stake worth $627 million in the e-commerce company Snapdeal. Just when...

Read More



Government's decision to scrap the selection of eight persons for the post of chairman and managing director (CMD) will mean another three-month delay in new appointments   The government’s decision to scrap the panel of  nine probable names for the post of chairman and managing...

Read More



With the Premier Nguyen Dung leading a fifty member trade delegation to India, one can expect improved relations between the two.   Our relations with Vietnam have grown in the last couple of decades, more so in the last two years. Last year, the Vietnam government launched a campaign...

Read More



Moneylife Digital Team 28 October 2014
The LG has obtained the President's assent to invite BJP to form the government, but the SC has agreed to hear AAP's petition on merit.   The Supreme Court has pulled up the BJP government at the Centre and the Delhi Lieutenant Governor for delaying the government formation process in...

Read More



Moneylife Digital Team 28 October 2014
The government has scrapped all the nine names in two panels headed by RBI Governor Raghuram Rajan have been scrapped, a new appointment process to be drafted.   The Ministry of Finance (MoF), announced yesterday, that 9 prospective appointtees to CMDs that were put together to head...

Read More



Moneylife Digital Team 27 October 2014
Times Internet recently acquired a defunct personal finance portal called Moneysights at an undisclosed price.   Moneysights, founded in 2009, by ex employees of InMobi, Mukesh Kalra and Santosh Nalvani, was a digital platform where one could buy and manage investment products. In...

Read More



Moneylife Digital Team 27 October 2014
The PM's official Facebook page posted a Diwali photo without the originator's permission and the photographer has gone public   Prime Minster Narendra Modi is known for his crack social media team, but this time it seems to have goofed. The PM's official Facebook page posted a Diwali...

Read More



Moneylife Digital Team 27 October 2014
Owing to Haryana government’s likelihood to probe into DLF-Robert Vadra land deals, DLF makes its way into the list of top losers in the stock market   With the Haryana government gearing up to investigate land deals in the state, the DLF stock has already slumped 8.38% since the...

Read More



The final approval from the MoEF comes with 17 conditions which Adani Power will need to comply with.   Adani Power was looking for suitable land for sometime, in order to expand their existing 3,300 MW power plant in Tiroda. They eventually they zeroed in on land located in Gorada,...

Read More



Moneylife Digital Team 27 October 2014
GDP growth is expected to stand between 5% and 5.5%. The outlook on industrial growth is particularly optimistic for H2 FY15 with a range of 2-4% growth being expected, says CARE Ratings in a survey report   GDP growth is expected to pick up in FY15 and stand between 5% and 5.5%. The...

Read More



Moneylife Digital Team 27 October 2014
After dithering on revealing names of foreign account holders, government reveals 3 names in the SC   In an affidavit submitted in the Supreme Court today, the government revealed 3 names of Swiss bank account holders.   TV reports said the three names were, Pradip Burman,...

Read More



Moneylife Digital Team 27 October 2014
In a ceremony attended by BJP big guns and oppositions leaders, the new CM of Haryana was sworn in on Sunday.   Manohar Lal Khattar, who began joined the Rashtriya Swayamsevak Sangh (RSS) in 1977 at the age of 24, was sworn in as the Chief Minister of Haryana on Sunday. Khattar is...

Read More



Moneylife Digital Team 22 October 2014
HDFC said during the September quarter, its loan book rose by 14.6% to Rs2.12 lakh crore, as compared to Rs1.85 lakh crore same period last year   Housing mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Wednesday said its second quarter net profit rose on higher...

Read More



A notification, which has still not been put up on the Maharashtra government’s website and only appears on the ACB portal, declares ACB out of ambit of RTI Act. Whom was the Congress-NCP government trying to save and why?   When the central or the state government finds some...

Read More

Free Helpline
Legal Credit
Feedback