ECONOMY & NATION


Moneylife Digital Team 02 December 2013
According to Huffington Post, the Congress party chief is on 12th position among world's richest leaders with a wealth of $2 billion HuffPost World has compiled a list of the 20 richest world leaders currently in power based on available data. The list led by Russian president Vladimir...

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Moneylife Digital Team 30 November 2013
The Reserve Bank’s new norms may allow Italian CRIF credit bureau to enter Indian market and also let it take over the cash-strapped and troubled High Mark The Reserve Bank of India (RBI) has increased the foreign direct investment (FDI)  limit to 74% in credit information bureaus in the...

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Moneylife Digital Team 30 November 2013
Nomura expects India GDP growth to bottom out at 4.5% to 5% and expects GDP growth to pick up post elections India’s gross domestic product (GDP) should pick up further to around 5% during the fourth quarter to end-March on on a continued push from the bumper summer crop and strong...

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Moneylife Digital Team 29 November 2013
RBI in consultation with Government of India, has decided to launch Inflation Indexed National Savings Securities-Cumulative (IINSS-C) for retail investors in the second half of December 2013 Inflation Indexed National Savings Securities-Cumulative (IINSS-C) securities  are being...

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Hudco and NTPC tax free bonds will be offered from 2nd and 3rd December respectively. Which one should you subscribe considering that Hudco rates are little higher and even crossing 9% barrier?   NTPC (formerly National Thermal Power Corporation), country's largest power producer and a...

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Moneylife Digital Team 29 November 2013
Since 2011, the entire bullion trade is reeling under increased prices, however, Malabar Gold and Diamond’s turnover witnessed 550% jump! Malabar Group made a modest start in Calicut in 1993 with a capital of about Rs50 lakh. In just 20 years, it has grown in to a Rs22,000 crore empire,...

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Moneylife Digital Team 29 November 2013
While EOW of Mumbai police has registered cases against QNet, Speak Asia and MMM India, Maharashtra government has appealed investors and members of public to be cautious about such MLM, Ponzi and money circulation scheme operators The Home Ministry (or home department) in Maharashtra...

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Moneylife Digital Team 28 November 2013
India defines value in a different way to most of the other large car markets in the world. Hence, each global player needs to take a call whether it wants to wait for the market to mature or is willing to make extra effort to address the current market needs, feels Credit Suisse India...

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Moneylife Digital Team 28 November 2013
MCX appointed Satyananda Mishra, former chief information commissioner & IAS officer as the Chairman of the Board on FMC approval Multi Commodity Exchange of India Ltd (MCX) said it appointed Satyanand Mishra, the former chief information commissioner as its new chairman.   In a...

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Moneylife Digital Team 28 November 2013
Does the increase in gold smuggling in India and Malabar Gold have any connection? A few days ago, DRI raided the jeweller’s main office after one smuggler confessed of selling the yellow metal to Malabar Gold Malabar Gold and Diamonds, the rapidly expanding jewellery chain from Kerala...

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The IRDA has put in a place a composite data of insured vehicles. Now you have the power to be a vigilant citizen Two interesting developments that readers may want to know. First, Insurance Regulatory Development Authority, the apex regulator for insurance in India, has put in place a...

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Moneylife Digital Team 27 November 2013
Tata sons informed RBI and indicted that, its current model best supports the needs of the group’s domestic and overseas strategy Tata Sons, the holding company of the India’s largest, $100 billion conglomerate Tata Group, has withdrawn its application of new banking licence.   In...

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Moneylife Digital Team 27 November 2013
Maruti Suzuki to recall 1,492 vehicles sold after 19 October 2013 to replace defective steering column of its Ertiga, Swift, Swift Dzire and A-Star variants Maruti Suzuki India Ltd (Maruti Suzuki), the country's largest carmaker said it would recall 1,492 units to inspect the steering...

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Moneylife Digital Team 27 November 2013
Japanese Nippon Steel and Luxembourg-based ArcelorMittal have reached a basic accord to buy ThyssenKrupp's steel plant in the US for about $2 billion Nippon Steel & Sumitomo Metal and ArcelorMittal, the world’s two largest steelmakers, are close to buy a plant in the US from Germany’s...

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Moneylife Digital Team 26 November 2013
According to Time magazine, Modi, the controversial Hindu nationalist and chief minister of Gujarat is the most likely candidate to unseat India’s ruling Congress party in the world’s largest democracy Narendra Modi, the chief minister of Gujarat as well as Prime Ministerial candidate of...

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Moneylife Digital Team 26 November 2013
According to Moily, while the proposed bank guarantee would secure the government’s interests, the higher pricing would protect the interests of Reliance Industries M Veerappa Moily, minister for Petroleum and Natural Gas on Tuesday said that he is confident of resolving the issue of...

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Moneylife Digital Team 26 November 2013
Nomura’s political analyst, Alastair Newton, expects a BJP-led coalition to form a government at the centre. In addition Nomura sees India to begin economic recovery only from the second half of 2014, subject to a ‘stable government’ India’s economic recovery will happen only in second...

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Moneylife Digital Team 25 November 2013
The first beneficiary in Maharashtra, who received health card from Sonia Gandhi, is not poor as claimed, but owns a well-built home that has an air conditioner, claims ABP Mazha According to a news report from the channel, Shakuntala Bhagat, who was handed over the health card by none...

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Moneylife Digital Team 25 November 2013
Pfizer made 52-week high on announcement, on news that it is to merge with wyeth for creating single Pfizer brand, to expand across multiple therapeutic categories Pfizer India Ltd (Pfizer) and Wyeth India Ltd (Wyeth), said their board of directors in their respective meetings on Monday,...

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Moneylife Digital Team 25 November 2013
CBI had registered a case against Acharya, the deputy MD of SBI as well as KK Kumarah, former additional general manager at SBI and Piyoosh Goyal, chairman of Worlds Window Group for alleged graft in disbursing loan of above Rs100 crore State Bank of India (SBI), the country's largest...

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