ECONOMY & NATION


Moneylife Digital Team 07 November 2014
Datsun GO, which was launched in India last year, had failed on critical safety count in tests conducted by Global NCAP   Consumer safety testing body Global New Car Assessment Programme (NCAP) has asked Nissan Motors to immediately withdraw its compact car Datsun GO from the...

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Moneylife Digital Team 06 November 2014
According to Moody's, health of corporates in India, while having stabilised, continues to be fragile on an absolute basis with high debt levels and weak debt-servicing metrics   Ratings agency Moody's has said that asset quality of state-owned banks will continue to be burdened by...

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Moneylife Digital Team 06 November 2014
Financial Technologies is selling its 25.64% stake in IEX, which provides a power trading platform, to a group of investors for about Rs576.84 crore   Financial Technologies (India) Ltd said it would offload its entire 25.64% stake in Indian Energy Exchange Ltd (IEX), which provides a...

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Moneylife Digital Team 06 November 2014
In an interim order, the SAT said DLF can redeem its investment in mutual funds worth Rs767 crore in November, and the rest in December   The Securities Appellate Tribunal (SAT) has allowed real estate developer DLF to redeem Rs1,800 crore the company had invested in mutual funds, by...

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Moneylife Digital Team 05 November 2014
The finance minister wants to sell sick PSUs to private companies. The question is who will buy a loss making company that even the government wants to get rid of?   Finance Minister Arun Jaitley on Wednesday said that the government could consider selling off some of the public...

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Moneylife Digital Team 05 November 2014
Short-lived climate pollutants-SLCPs have had significant impact on crop yields in India in recent decades. UP, the main wheat-producing state has been hit especially hard while rice-producing states in the heavily polluted northern Indo Gangetic Plains have also been significantly negatively...

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Moneylife Digital Team 05 November 2014
Loop Mobile 17 lakh customer subscribers were supposed to join Airtel’s over 40 lakh subscribers in Mumbai. However, with Airtel calling off the deal, Loop Mobile subscribers are in left in a lurch   Bharti Airtel Ltd has called off its plans to acquire business and assets of...

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Moneylife Digital Team 05 November 2014
Ending the political hibernation since the AAP government fell in February, the President dissolved Delhi Assembly, paving way for fresh mandate   The Delhi Assembly was on Wednesday dissolved, paving the way for fresh elections that will end the political hibernation since the Aam...

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Moneylife Digital Team 05 November 2014
RIL and its partner Pioneer Natural Resources both want to exit from their joint venture EFS Midstream so that they can focus on shale oil production   Reliance Industries Ltd (RIL) wants to consider a divestment of its entire 49.9% stake in its US joint venture EFS Midstream LLC....

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Moneylife Digital Team 04 November 2014
According to NCAER, while inflation has weakened significantly and sentiments have improved, the fundamentals of the Indian economy continue to be weak   National Council of Applied Economic Research (NCAER) has lowered India's GDP growth forecast to 5% for FY2015 on weak economic...

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Moneylife Digital Team 04 November 2014
Modi has also attempted to reach to out to different sections of the society, cultivated an image of moderation and even disarmed his critics selectively. However, it remains to be seen how quickly the Indian English media fall for Modi’s charm offensive   According to a Hindi media...

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Moneylife Digital Team 04 November 2014
The digital gift codes act as payment instruments for making ecommerce purchases and alternatives to other conventional means of payment. Besides gifting, customers can also use them for self-consumption on Flipkart.com   Online retailer Flipkart on Tuesday announced a strategic...

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Moneylife Digital Team 04 November 2014
Nomura said it believes that the soft patch of data in passenger vehicles and two-wheelers should be seen as a consolidation phase before the next upmove. It remains upbeat on strong volume growth recovery across industry segments in FY16   Auto volumes during October 2014 remained...

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Moneylife Digital Team 04 November 2014
A CBI official said that the arrests were made “on allegations of criminal conspiracy, cheating and diversion of funds”   The Central Bureau of Investigation (CBI) arrested Ramchandra Hansdah, a Biju Janata Dal (BJD) member of Parliament; Hitesh Kumar Bagarti, ex-MLA from the...

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Moneylife Digital Team 04 November 2014
HDFC is the first listed Indian company among the Sensex companies to have over 75% shareholding by FIIs   Emerging as one of the most-liked stocks for foreign funds, housing loan provider HDFC Ltd has seen overseas investors raising their stake in the company to a record high of...

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Moneylife Digital Team 04 November 2014
Hasmukh Adhia, who was Modi's Prinicipal Secretary in Gujarat for two years, will replace GS Sandhu as Financial Services Secretary   After transferring Arvind Mayaram, the topmost bureaucrat in the Finance Ministry, the Narendra Modi government shifted another top level babu....

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Moneylife Digital Team 04 November 2014
With all the three main parties, BJP, AAP and Congress favouring fresh mandate, the Lt Governor recommended to the President dissolution of the Delhi Assembly   The Union Cabinet is likely to meet later Tuesday apparently to discuss Lt Governor Najeeb Jung’s report recommending...

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Lessons for consumers from the big billion day fiasco   Everyone loves to buy products at a discount, particularly if the discounts are huge and products are contemporary. Buying is even more irresistible, if shopping is so simplified that, sitting in the comfort of residence or even...

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Moneylife Digital Team 03 November 2014
The probe has found that many such accounts have been 'inherited' by their current owners from their parents, other family members or now-defunct trusts and companies that were set up years ago   Accounts inherited from family members as also from previously-constituted trusts or...

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Moneylife Digital Team 03 November 2014
BJP leader Subramanian Swamy had alleged cheating and misappropriation of funds by the Congress leaders in the acquisition of National Herald by Young Indian   The Delhi High Court on Monday extended till 2nd December, the stay on the trial court order summoning Congress President...

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