ECONOMY & NATION


Sharad Matade 24 February 2011
Improving manufacturing indices in the US and the EU has led to the increased demand; worldwide production up 5.3% to 119 million metric tonnes in January compared with 113 million metric tonnes during the same month of the previous year World crude steel production spiked 5.3% to 119 million...

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Moneylife Digital Team 24 February 2011
The Intelligence Bureau has, in its January report, blamed adverse weather and global conditions for the rise in prices of commodities. Its focus is mainly on the commodities’ price rise, which perhaps indicates the concerns of the government ahead of the union budget The Intelligence Bureau...

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The January report of the Intelligence Bureau, available with Moneylife, attributes rising prices of gold and silver to higher demand, oblivious of the raging global speculation If the Intelligence Bureau (IB) has to be really useful in the quality of information it sends to various top...

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Munira Dongre 23 February 2011
While most brokerages say that the deal will shift focus away from RIL’s hitherto underperforming E&P segment to refining and petrochem, questions remain over the company’s hurry to monetise these assets On Tuesday, newspapers front-paged the $7.2 billion deal between BP and Reliance...

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Moneylife Digital Team 22 February 2011
The precious metal has outperformed gold recently, apparently due to an unusual condition in the silver futures market Silver spot and futures prices hit a record high on Monday on the spreading unrest in the Middle East and the falling dollar. However, it seems that the real reason for the...

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Sharad Matade 22 February 2011
Prices of cotton that are at record highs are expected to stay firm in the near future due to a global shortage Cotton prices, which have touched record highs recently, are expected to stay firm as farmers and traders hold on to supplies in local markets, in anticipation of higher prices in...

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Shukti Sarma 22 February 2011
The latest foray in this sector is from TVS Shriram Growth Fund, which has invested an undisclosed sum in Indian Cookery Private Limited, promoted by celebrity chef Sanjeev Kapoor & Better Value Brands. But analysts say that there could be some hiccups in this line of business Is 'dining...

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Sharad Matade 22 February 2011
According to estimates, demand for cement is likely to go up by 10%, while production may soar by 12%—analysts expect the demand-supply mismatch to touch 107.70 million tonnes Cement producers may face a tough time in the next fiscal due to soaring input costs and a surplus in supply, amid...

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Want to file your I-T tax returns online? Here is a review of your various options E-filing and e-payment have garnered interest among not just individual taxpayers, but also corporate taxpayers, for service tax, excise tax and various other levies. The government has made e-filing...

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Alekh Angre 18 February 2011
The State has increased milk procurement prices by Rs2 per litre for cow milk and Rs2.5 per litre for buffalo milk. This hike will also have a direct impact on the prices of milk products—curd, paneer and shrikhand After the spiralling onion prices that made the 'aam aadmi' weep, now it's the...

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Sharad Matade 18 February 2011
Heavily controlled by the government, CIL will not be able to increase prices or increase production easily. This is not what smart investors and analysts had bargained for Coal India Limited (CIL), the world's largest coal producer, would not be able to increase coal prices in the backdrop...

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Moneylife Digital Team 18 February 2011
Both the Birlas and the Lodhas are fighting several cases at every possible legal forum since 2004, when RS Lodha sought a probate of the will after the demise of Priyamvada Birla The ongoing battle between the Birla and Lodha families over the control of the MP Birla group has taken a new...

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Sharad Matade 18 February 2011
The multilateral lending agency says unexploited renewable energy sources can generate cost-effective power for rural people, increase total supply and minimise losses. Commits $2 billion in funding over three years A new World Bank report says that generating power locally and distributing...

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Shukti Sarma 17 February 2011
The profit margins of the fast moving consumer goods sector have been affected by spiralling input costs recently. These businesses have also been bothered by inconsistent taxation and excise duties The Union Budget this year is not expected to have anything worthwhile for the market....

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Alekh Angre 17 February 2011
While grape growers in the state have suffered destruction of crop due to unseasonal rains recently, wine producers have been troubled by lower sales over the past few years. They are hoping that the chief minister will take up the issues with the Union government at the earliest Wine...

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Moneylife Digital Team 16 February 2011
ADAG says Anil Ambani not summoned by CBI, but that its chairman met agency officials to discuss various issues related to the telecom sector, including licenses and related matters of the last decade Anil Dhirubhai Ambani Group (ADAG) chairman Anil Ambani met officials  the Central Bureau...

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Sharad Matade 16 February 2011
As demand for steel grows in India, the steel ministry had set a target of 120 million tonnes per annum, by end 2012; Tata Steel more than doubles Q3 profit India is not likely to achieve its ambitious plans to produce 120 million tonne per annum (mtpa) of steel by the end of 2012, a top Tata...

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Munira Dongre 15 February 2011
In the Union Budget for FY12, there are likely to be cuts in excise duty exemptions and more services may be made liable to be taxed. The government may also reduce the tax burden on the middle class, at least to a small extent There is an agreement that while announcing this year's Budget,...

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Moneylife Digital Team 15 February 2011
Pune-based NGO Prayas Energy Group says that civil society groups must get more involved in the process to develop clean energy programmes, to ensure transparency and social benefits Limited public participation in the regulatory process, a lack of transparency in setting tariffs and...

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