ECONOMY & NATION


Moneylife Digital Team 04 May 2012
The natural gas development by RIL is adversely impacting agricultural activity in the fertile “rice bowl” area of the Godavari districts in Andhra Pradesh, former Union secretary EAS Sarma said in a letter EAS Sarma, former secretary of the Government of India, has again raised the...

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Moneylife Digital Team 02 May 2012
According to industry experts, despite additional export for the 2012-13 sugar season beginning October, the industry will start with a carry over stock of over 5 MT India’s sugar production has reached 25.1 million tonne (MT) till April 2012, an increase of around 2.5 MT as compared to...

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Moneylife Digital Team 02 May 2012
April auto sales remained a subdued affair with top car and two-wheeler makers reporting modest growth. Honda, Toyota, Nissan and M&M reported robust numbers on good demand for their new launches   Automobile sales in April remained a mixed bag with several top carmakers like Maruti...

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Moneylife Digital Team 02 May 2012
Export growth has crashed (probably last year their were a lot fake exports) and capital inflows are weak leading to a vicious cycle Indian exports in March declined to $28.68 billion from $30.41 billion in March 2011. This is the first time since 2009 that exports have fallen. It has led to...

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Moneylife Digital Team 02 May 2012
Pantaloon Retail’s growth was fuelled only by debt. Unable to play this dubious growth game any longer, it will reduce Rs1,600 crore of debt by selling Pantaloon stores. Without debt or positive cash flows, will Pantaloon’s growth now come to a logical halt? Pantaloon Retail India...

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There is a disparity between retail and the wholesale deposits. Banks tend to look for bulk deposits whenever they are faced with tight liquidity position and one of the easiest ways to meet their cash reserve requirements is by raising resources through this route even at higher...

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Moneylife Digital Team 30 April 2012
TRAI's recommendation of shifting to the higher frequency band of 1800Mhz would force all CDMA and majority of GSM operators to write off their investments and also pay additional money for the spectrum if they want to be in the business Telecom companies, mainly Vodafone, Telenor and...

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Moneylife Digital Team 30 April 2012
While there is huge demand for diesel cars, Maruti Suzuki cannot produce enough and what it is producing (petrol cars) in bulk, it cannot sell without discounts Maruti Suzuki India Ltd, the country largest carmaker, reported 29% drop in its full year net profit due to adverse currency...

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Moneylife Digital Team 30 April 2012
A Moneylife research compares three banks and finds out that HDFC Bank has come out at the top while Axis Bank has more work to do to get ahead of its key rivals A comparison between Axis Bank, HDFC Bank and ICICI Bank shows that Axis Bank leaves a lot to be desired while HDFC Bank has...

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Moneylife Digital Team 27 April 2012
Selling of pledged shares, along with resignation of 4 directors within a month has prompted fears that something is deeply amiss with the company Varun Industries recently hit a 52-week low Rs42.65 on the National Stock Exchange (25 April 2012) amidst share pledging by the promoters and...

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Moneylife Digital Team 26 April 2012
To mark the completion of two years of launch of ‘e-Gold’, the National Spot Exchange (NSEL) has extended the facility of physical conversion of e-Gold units to 1gm gold coins. This is in addition to the existing delivery denomination options available in 8gm, 10gm, 100gm and 1kg lots.

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India’s chief economic adviser, Dr Kaushik Basu has admitted that more reforms won’t be forthcoming until 2014. This is simply unacceptable India’s chief economic adviser, Dr Kaushik Basu, Professor of Economics at the prestigious Cornell University, who was speaking on India’s Economy...

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Shukti Sarma 24 April 2012
On May 3rd, the builder lobby will go on a strike. But considering the fact that “over regulation” hasn’t stopped new projects from taking off, it remains to be watched how they present their grievances   Mumbai’s residential property sales have improved by 20% quarter-on-quarter,...

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Moneylife Digital Team 24 April 2012
What banks have not done against Kingfisher Airlines for its outstanding loan of Rs7,000 crore turning into to non-performing assets (NPAs), has been done by realtors on whose premises the “King of Good Times” has its operational offices What banks have not done against Kingfisher...

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Moneylife Digital Team 23 April 2012
“It has been observed that per second billing system is more acceptable among majority of the subscribers, because it ensures that subscribers pay only for the actual usage,” said TRAI The Telecom Regulator Authority of India (TRAI) has made it mandatory for all telecom service providers...

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The recipe for stagflation requires permitting excessive growth of the money supply with excessive regulation of markets. Both of which exist in China. This is the second part of the article on the slowing Chinese GDP China’s GDP (gross domestic product) numbers last week confirmed...

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Moneylife Digital Team 20 April 2012
A newly launched index called Consumer Confidence Index (CCI) has shown nationwide pessimism about the future of the economy A comprehensive index known as the Consumer Confidence Index (CCI) has shown that our consumers are pessimistic about their economic future. In a first of its kind...

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Moneylife Digital team 18 April 2012
An analyst with a brokerage firm commented that it would take more cuts and a longer period of time for sentiments to revive because this is one single cut in interest rates, whereas over the last two years the RBI has raised rates 13 times The Reserve Bank of India (RBI) may have...

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Mr Mallya was broke 20 years ago. Can he again work his way out of trouble by selling assets? “After vintage cars and race horses, the flamboyant UB Group chairman has collected a clutch of sick companies. To pull through, he is selling assets.” No, this is not the latest report on the...

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Foreign car companies must be asked to make all aspects of cars as per exact Indian driving standards, known as homologation My new VW Passat runs like a dream. Except for the nerve-wracking grating sounds of the underbelly over our super steep road-bumps, I have little else to complain...

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