ECONOMY & NATION


Moneylife Digital Team 22 October 2014
HDFC said during the September quarter, its loan book rose by 14.6% to Rs2.12 lakh crore, as compared to Rs1.85 lakh crore same period last year   Housing mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Wednesday said its second quarter net profit rose on higher...

Read More



A notification, which has still not been put up on the Maharashtra government’s website and only appears on the ACB portal, declares ACB out of ambit of RTI Act. Whom was the Congress-NCP government trying to save and why?   When the central or the state government finds some...

Read More



Moneylife Digital Team 22 October 2014
The fleet of about 200 twin-engine Sukhoi-30 would be back in air only when they are cleared by the technical review   India has grounded its entire fleet of Sukhoi-30 and each aircraft is undergoing a thorough technical check following a recent crash near Pune.   The fleet of...

Read More



It is time that the Indian Commerce Minister arranges to send a trade delegation to Iran and attempts to secure contracts for supplying rails, wagons, locomotives besides offering to do rail-road contracts   Originally conceived and proposed by former Prime Minister Atal Behari...

Read More



Moneylife Digital Team 21 October 2014
Once investment activity picks up on the back of proactive steps taken by the government, we think hiring activity in the manufacturing sector should also follow suit, says Nomura in a research note   Naukri.com's Job Speak Index rose by a strong 18% year-on-year in August 2014...

Read More



When the Ordinance to allow e-auction of the coal blocks to the actual end-users is passed, it would bring some stability in the market   At a press conference, Finance Minister, Arun Jaitley (after the approval in the Cabinet meeting) announced that the government had decided to...

Read More



Moneylife Digital Team 20 October 2014
As against 21% in 2009, Congress got a vote share of 17.9% this time while its seat tally dropped hugely to 42 from 82 in Maharashtra assembly polls   The Bharatiya Janata Party (BJP) may have fallen short of the majority mark in Maharashtra but its vote share nearly doubled in the...

Read More



Moneylife Digital Team 20 October 2014
Indian economy is headed in to a goldilocks period of higher growth and lower inflation in 2015, says Nomura in a research note   Fuel reforms are a very important signal of the Indian government's commitment to tough economic reforms. They will encourage more competition and...

Read More



Moneylife Digital Team 20 October 2014
The King County Court, Washington has issued an arrest warrant against Madhavi Vuppalapati, founder of Prithvi Information Solutions for her ‘wilful’ failure to appear and submit relevant documents before the Court   The Chief Civil Judge of the King County Court, Washington has...

Read More



Moneylife Digital Team 20 October 2014
Kalyan Jewellers has received Rs1,200 crore investment from private equity firm Warburg Pincus, in return for a minority stake   Private equity firm Warburg Pincus has invested $200 million (about Rs1,200 crore) in Kerala-based jewellery manufacturing and marketing firm Kalyan...

Read More



Moneylife Digital Team 20 October 2014
Jindal Steel and Power is already facing CBI probe for alleged cheating and misrepresentation of facts in bagging the Amarkonda Murgadangal block in Birbhum district of Jharkhand in 2008   Jindal Steel and Power Ltd shares fell by over 13% in early trade Monday on the BSE and National...

Read More



Blames lax regulations for high NPAs when the real cause is widespread corruption in public sector banks   The State Bank of India (SBI) chairperson Arundhati Bhattacharya, in an interview with Financial Times, has called for shake up in the regulatory system, as if SBI and its...

Read More



Moneylife Digital Team 17 October 2014
Jayalalitha gets interim bail from Supreme Court   The Supreme Court on Friday granted interim bail to Tamil Nadu’s former Chief Minster J Jayalalitha. Earlier, Jayalalithaa was denied bail by the Karnataka High Court. She is in jail following her conviction in a disproportionate...

Read More



Moneylife Digital Team 16 October 2014
As many as 61 thermal power stations out of 103 are grappling with critical coal shortage with less than a week’s stock at their disposal. Even NTPC, the country’s largest thermal power producer is battling with 0-1 day of stocks at some of its plants   Fuel stockpiles at all the...

Read More



Moneylife Digital Team 16 October 2014
Mayaram, the topmost bureaucrat in the Finance Ministry is replaced by Rajiv Mehrishi, the top bureaucrat from Rajasthan   In a major re-shuffle of top-level babus, the Narendra Modi government on Thursday transferred Arvind Mayaram from finance ministry to tourism ministry. Mayaram,...

Read More



Moneylife Digital Team 16 October 2014
Google also launched next version of its Nexus 6 smartphone, an aluminium frame device that has a six-inch high resolution screen and a 13-megapixel camera   Google has ramped up its mobile arsenal, upgrading its Nexus line with a new tablet and smartphone, and unveiling its revamped...

Read More



Moneylife Digital Team 15 October 2014
The average voter turnout in the assembly elections in Maharashtra was over 60% while for Haryana it was above 72%. There were some incidents of EVM malfunctioning in both states   Maharashtra witnessed brisk polling as the state went to polls Wednesday to elect a new government, with...

Read More



Who is behind this strange rush to legitimise MLMs?   At one end of the spectrum, we have lots of action against shady money collection schemes—whether in the guise of chit funds or recurring deposits. Subrata Roy of the Sahara Pariwar remains in jail since March. Pramatha Nath Manna,...

Read More



Moneylife Digital Team 14 October 2014
According to Nomura, assembly elections in Maharashtra and Haryana would help BJP to consolidate its position in Rajya Sabha and underline the Modi wave. In case there is hung assembly, there would be re-elections, increased uncertainty and this will raise doubts about BJP’s ability to carry...

Read More



Moneylife Digital Team 14 October 2014
The Bangalore Police are investigating Adooye.com, which was selling a ‘package' that promised money for watching online advertisements and enrolling new members, in a classic money circulation scheme. The MLM, which reportedly collected over Rs600 crore has quietly shut shop and left over...

Read More

Free Helpline
Legal Credit
Feedback