ECONOMY & NATION


Domestic steel and sponge industry is not able to obtain raw materials; export of low grade iron fines from Goa cannot take place until legal issues are resolved while the little shipments of pellets now cannot be exported due to additional duty Indian iron ore exports, prior to the...

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Moneylife Digital Team 12 March 2014
One day before AstraZeneca Pharma announced delisting, its volumes spurted and share prices shot up by 9.13%. Could it be a case of insider trading? On 3rd March AstraZeneca Pharma India Ltd, (AZ India) announced that its promoters AstraZeneca Pharmaceuticals AB (AZP AB) Sweden, will...

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Automatic manual transmission is the new buzz in the car market Suddenly, the otherwise sleepy new car market in India is abuzz with discussions on the range of small cars which are already out with automatic transmission or promise to provide automatic transmission. Primarily, as on...

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Moneylife Digital Team 12 March 2014
AAP, which talks about 'clean' politics, has given Lok Sabha ticket from Hisar in Haryana to a retired IAS officer, who revoked orders passed by Dr Khemka for stopping land consolidation in two villages Arvind Kejriwal-led Aam Aadmi Party (AAP) often talks about 'clean' politics and...

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As a first step, from 2016, India will start issuing international permits for vehicles entering the country from some of its neighbours, covering both commercial and passenger category, from Bangladesh During the last summit meeting of South Asian Association for Regional Cooperation...

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Moneylife Digital Team 11 March 2014
The sharp fall in exports a matter of concern, says SBI Research The trade numbers released indicate export declining by 3.7% and imports registering a de-growth at17.1%. As a result the overall trade deficit narrowed to $8.1 billion. According to SBI Research the point of concern is the...

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Moneylife Digital Team 11 March 2014
Income tax department conducted searches simultaneously at about 20 locations of Hiranandani group in Mumbai, Bangalore, Chennai and Hyderabad The Income Tax (I-T) department on Tuesday conducted searches at about 20 locations of Hiranandani group in Mumbai as well as in Bangalore,...

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Moneylife Digital Team 11 March 2014
Urban growth has been weak for a while and there appear no signs of a turnaround yet Broader demand trends seen in 3QFY14 have continued into the current quarter, and that there appears to be no signs of any ‘bottoming out’ of the current slowdown in demand for Hindustan Unilever. The...

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Moneylife Digital Team 11 March 2014
Besides protection of its assets, Mt Gox has requested the suspension of actions in the US that jeopardise its efforts to restructure abroad Troubled Bitcoin exchange Mt Gox has filed for protection under US bankruptcy law, 10 days after doing the same in Japan after a huge loss of the...

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What India truly needs is the setting up of small and medium size solar panel manufacturers who can offer turn-key jobs to individual houses The Solar Energy Corporation of India (SECI) is the nodal agency established by the union government for implementing solar projects in the...

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Moneylife Digital Team 10 March 2014
According to ICRA, with some housing finance companies focusing more on riskier products like loans against property and builder loans or leaning more towards the self-employed segment, there may be some stress on their asset quality numbers Ratings agency, ICRA said although housing...

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Moneylife Digital Team 10 March 2014
Lower courts will have to give explanation to the Chief Justice of the respective High Court if the trial is not completed within a year The Supreme Court on Monday set a deadline for lower courts to complete trial in cases involving lawmakers within a year of framing of charges. This...

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Moneylife Digital Team 10 March 2014
During the conversation, Kejriwal is seen asking the TV anchor to give emphasis on certain segments of the interview A video showing Aam Admi Party (AAP) leader Arvind Kejriwal asking a TV news anchor to emphasise certain sections of his interview went viral on YouTube on Sunday...

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Moneylife Digital Team 10 March 2014
According to SIAM, during February vehicle sales across categories increased almost 5% to 15.24 lakh units, mainly on good performance from bikes and marginal increase in car sales Domestic passenger car sales increased 1.39% to 1.61 lakh units in February from 1.59 lakh units in the...

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Most bank, whether state owned or private, have sufficient reserves and access to the capital needed for which, a number of methods, including rights issue, can be employed Last week, finance minister P Chidamabaram, after a review meeting with the public sector banks said that the...

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If governments are impotent to punish Russia, markets are not. This was best illustrated by the 11% fall in its stock market on the day of invasion. It subsequently rebounded only by 5%. The editors, who put newspaper or website headlines in huge letters, assume that political events...

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Konica Bhatt 08 March 2014
Meenal Arora, who co-founded the Shemford Futuristic Schools with her husband Amol in 2009, says kids are generally kinesthetic learners, and they can learn more by practice than textual education Meenal and her husband Amol Arora who started Shemford Futuristic School as a natural...

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Hitisha Jain 07 March 2014
The feeling and joy of motherhood and holding the most precious gift of life in your hands, can never be expressed in words, says Dr Rita Bakshi of International Fertility Centre   Dr Bakshi did her MBBS from Lady Harding Medical College at New Delhi in 1983, and her MD from...

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Moneylife Digital Team 07 March 2014
The ADA group company hits its 52-week high on the BSE at Rs57.50 on Thursday. Two of its promoter group entities are buying additional 26.7% stake and offered to delist the RMW Reliance Land Pvt Ltd and Reliance Capital, the two promoter group entities of Reliance MediaWorks Ltd (RMW)...

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Moneylife Digital Team 07 March 2014
Divergence between the PMI indices for manufacturing and services, and the actual data (growth rates) and IIP figures will continue since the nature of these indicators is different The Purchasing Managers’ Index (PMI) for manufacturing in the month of February is at a year high of 52.5...

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