ECONOMY & NATION


Coal India’s move to review dividend, buy-back arrangement and a stake sale was not conclusive as the same has been postponed to February, due to a strike threat by the workers’ union India boasts 7% proven global reserves of coal, estimated at 60 billlion tonnes, and Coal India Ltd...

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Centralised systems have done everything possible to pursue stability at all costs increasing the probability of a large failure. Like the Fed, the Chinese have tried to stabilize their system and now may have to pay the costs Well, it finally happened. After over seven months of...

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Moneylife Digital Team 23 December 2013
Kejriwal said AAP has decided to give a letter to Lt Governor Najeeb Jung expressing its readiness to form the government Ending almost two-week-long deadlock, the Arvind Kejriwal-led Aam Admi Party (AAP)on Monday decided to form government at Delhi by taking outside support from...

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Moneylife Digital Team 21 December 2013
Reportedly Jayanthi Natarajan is expected to be drafted in Congress for work relating to party manifesto and other election matters Jayanthi Natarajan, the union minister of state for environment and forests has resigned as part of a shake-up within senior leadership in Congress. She...

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Moneylife Digital Team 21 December 2013
Deccan Chronicle Holding concealed several facts like its status as newspaper publisher, links with IPL team, criminal cases against its chairman and action taken by lenders under SARFAESI Act, which resulted in BIFR rejecting its appeal Deccan Chronicle Holdings Ltd (DCHL), the...

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Moneylife Digital Team 20 December 2013
According to Narayana Murthy it is difficult to imagine Infosys without Bala's passion, commitment and intellect   V Balakrishnan, who was with Infosys Ltd since 1991 and served the information technology (IT) company in various capacities, had resigned. This is yet another high...

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Moneylife Digital Team 20 December 2013
FMC has nominated SN Ananthasubramanian as an independent director on the board of MCX, following resignation from retired IAS officer RM Premkumar    Commodities market regulator Forward Markets Commission (FMC), has nominated SN Ananthasubramanian, president of the Institute of...

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For the time being, until the new wells start gushing out the gas, we have no alternative but to continue our dependence on imports Although systems are in place for continuous exchange of information on actual production of natural gas on a daily basis, the fall in production, and...

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Moneylife Digital Team 19 December 2013
Devyani Khobragade claims the value of her properties at Rs1.78 crore plus three tracts of land in her own statement to MEA. A lot of her properties are inherited from or gifted to her by her father, Uttam Khobragade, a controversial former IAS officer Dr Devyani Khobragade, the officer...

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Jake Bernstein  and   Jesse Eisinger (ProPublica) 19 December 2013
There have now been more than $435 million in SEC settlements regarding one of the most notorious groups of mortgage securities deals behind the financial crisis Five years after the financial crisis, the Securities and Exchange Commission appears to be wrapping up its investigation into...

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Vivek Rao, Oil Secretary, proposes to allow private companies to explore for shale oil & gas in their existing blocks. He feels that India has better coal bed methane opportunities than from shale oil & gas Recently, at the 8th Asia Gas Partnership Summit 2013, Maria van der Hoeven,...

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Moneylife Digital Team 18 December 2013
Trent shares surged 18% during early trade Wednesday following news of UK-based Tesco buying 50% stake in Trent Hypermarkets through FDI route Trent Ltd (Trent) surged 18% during early trade Wednesday on the news of Tesco PLC (Tesco), United Kingdom’s largest retailer, planning to buy...

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Has RBI realised that food inflation cannot be tamed through repo rate hike alone or is it just a onetime phenomenon? Whatever be the RBI stance, let us look at some interesting facts The Reserve Bank of India (RBI) has surprised the stock market by not increasing repo rate at a time...

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Moneylife Digital Team 18 December 2013
Anna Hazare called off his fast on ninth day after the Lok Sabha passed Lokpal Bill The Parliament has passed the Lokpal and Lokayuktas Bill with the Lok Sabha giving its nod for this anti-corruption legislation. Following the passage of the Bill, noted social activist Anna Hazare, who...

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Moneylife Digital Team 18 December 2013
With inflation expectations still on an upward arc and the RBI admitting that core CPI inflation is too high, today’s decision probably only delays the inevitable, says BNP Paribas in its research note RBI (Reserve Bank of India) Governor Rajan sprang another surprise at his third...

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Moneylife Digital Team 18 December 2013
While keeping key rates unchanged, the RBI said given the wide bands of uncertainty and weak state of the economy there is merit in waiting for more data The Reserve Bank of India (RBI), in its mid-quarter credit policy review has kept repo, reverse repo, cash reserve ratio (CRR) and...

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Moneylife Digital Team 18 December 2013
RBI Governor Dr Raghuram Rajan has assured that he will act outside policy if inflation does not soften in a press conference on 18 December 2013 RBI (Reserve Bank of India) has kept repo rate unchanged at 7.75% and CRR unchanged at 4% in its 18th December policy meeting. In a press...

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Moneylife Digital Team 18 December 2013
RBI Governor Dr Raghuram Rajan has assured that he will act outside policy if inflation does not soften in a press conference on 18 December 2013 RBI (Reserve Bank of India) has kept repo rate unchanged at 7.75% and CRR unchanged at 4% in its 18th December policy meeting. In a press...

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Charles Ornstein (ProPublica) 18 December 2013
The sixth-largest drug maker already had begun cutting back on paid speaking, ProPublica's Dollars for Docs database shows In a major departure from industry practice, GlaxoSmithKline, the sixth-largest global drug maker, announced Tuesday that it will no longer hire doctors to promote...

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To resolve the sugar industry crisis, assistance should be given to sugarcane growers to get better returns through ethanol, molasses and bagasse In the recently held 79th Annual General Meeting of the Indian Sugar Mills Association (ISMA), M Srinivasan, chairman of ISMA requested...

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