ECONOMY & NATION


Coal India could explore the possibility of buying wagons from the Indian Railways, and forge a mutually beneficial partnership that could lead to long-term benefits For the aam aadmi, the best and the cheapest means of transport is none other than the ones provided by the Indian...

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Moneylife Digital Team 04 September 2013
A Rs5-6/litre diesel price increase is likely, after Parliament session ends this week, forecasts Nomura in its research note on the oil sector OMCs (oil marketing companies) are loath to raise prices while Parliament sessions are on. However, last weekend there were price hikes (petrol...

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Customers of some of the biggest names in the Indian broking fraternity who aggressively sold NSEL’s borrowing-lending racket are staring at large outstanding in NSEL. Clients of Anand Rathi Commodities stand exposed to over Rs600 crores while those of Indian Infoline stand to lose over Rs300...

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Moneylife Digital Team 04 September 2013
RBI has taken away the last funding resource from developers, which may lead to cracking of the realty sector that is holding on to inventory since past few years Reserve Bank of India (RBI)'s latest warning to banks about not lending money to builders or developers under the 80:20 or...

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Moneylife Digital Team 04 September 2013
In July, India Inc raised over $3.71 billion from overseas markets through ECBs and FCCBs. The RBI move is aimed at encouraging capital inflows and arrest decline in rupee value In order to encourage capital flows, The Reserve Bank of India (RBI) on Wednesday eased external...

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Moneylife Digital Team 04 September 2013
As per the agreement, after debate on the coal issue, BJP would allow continuation of discussion on Pension Bill in the Lok Sabha and consideration of Land Acquisition Bill in the Rajya Sabha The stand-off between the United Progressive Alliance (UPA) government and main Opposition...

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Moneylife Digital Team 04 September 2013
It now appears that the former CMD of SIDBI was appointed as additional director on FT board on 22nd August but on 27th August he submitted his resignation without any explanation for this sudden exit! Jignesh Shah-led Financial Technologies (India) Ltd (FT) appointed N Balasubramanian...

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Indian Bullion Markets Association was one the biggest borrowers from the borrowing/lending racket of National Spot Exchange Ltd, amounting to Rs1,159 crores. With a name like that, was this group of company of Financial Technologies, the promoter of NSEL, masquerading as a trade body,...

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Moneylife Digital Team 03 September 2013
While MCX shares have been hitting the upper circuit limit for 10 out of 11 days, Bank of India sold its entire 1.03% stake in the company. What made the Bank so impatient? On Monday, Bank of India sold its 1.03% stake in Multi Commodity Exchange of India Ltd (MCX) for over Rs20 crore in...

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Moneylife Digital Team 03 September 2013
India and most of the Southeast Asian countries are likely to see difficult external funding conditions as markets are anticipating US Federal Reserve tapering, says Goldman Sachs Goldman Sachs has lowered India’s growth forecast for the current financial year to 4% from 6% earlier and...

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Moneylife Digital Team 03 September 2013
Microsoft has agreed to a 10-year license arrangement to use the Nokia brand on current and subsequently developed products based on the Series 30 and Series 40 operating systems Mobile handset maker Nokia Corp said it signed an agreement with Microsoft to sell all of its devices and...

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The Financial Technologies group has always managed to get generic words as company names, with Registrars violating their own guidelines. Use of words like ‘National’ for National Spot Exchange are illegal too The National Spot Exchange Limited (NSEL) scam is unusual in many ways....

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Moneylife Digital Team 02 September 2013
Financial Technolgies' notice for AGM does not even mention NSEL. Meanwhile, Ravi K Sheth, a longtime director and confidant of Jignesh Shah, has decided not to seek re-appointment Financial Technologies (India) Ltd (FT), the promoter of scam-ridden National Spot Exchange Ltd (NSEL) does...

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Moneylife Digital Team 02 September 2013
Vinita Deshmukh would be the candidate for the Nav Bharat Democratic Party from Pune Lok Sabha constituency. The party is constituted by some of the finest brains from the tech-world Nav Bharat Democratic Party, the newest entrant into political arean has decided to field Vinita...

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Moneylife Digital Team 02 September 2013
With the worsening current account and fiscal deficits and rushed policy-making, Nomura feels that Indian economy will have a tough time bouncing back, with balance of payments issues to be the cornerstone of her recovery In a Special Report, Nomura Singapore is bearish on the Indian...

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Moneylife Digital Team 02 September 2013
With the worsening current account and fiscal deficits and rushed policy-making, Nomura feels that Indian economy will have a tough time bouncing back, with balance of payments issues to be the cornerstone of her recovery In a Special Report, Nomura Singapore is bearish on the Indian...

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The overall coal inventory has now fallen to 57mt, most of which lying near pit-heads and some stored in remote coalfields not accessed by railways. To top this mess, Coal India want to reduce this inventory by 10mt this year In a couple of weeks from now, the Annual General Meeting of...

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The NSEL scam only happens to be the biggest of the multiple scams that have hit the commodities markets, thanks to poor regulation Prime minister, Manmohan Singh, likes to blame all the lapses of his government on ‘coalition dharma’. Well, in addition to the long list of scams and...

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Moneylife Digital Team 31 August 2013
Petrol price hiked by Rs2.35 per litre and diesel by 50 paisa, excluding state levies, effective midnight today   The government on Saturday raised the price of petrol by Rs2.35 per litre and diesel by 50 paisa a litre, excluding state levies.   The increase in rates, which...

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Moneylife Digital Team 30 August 2013
Food Security Bill and Land Acquisition Bill are the two main election planks for the UPA government. However, if companies defer their capex plans due to the steep rise in land costs, then transactions may fall and the supposed gains to farmers may be minimal, Nomura says The Lok Sabha...

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