ECONOMY & NATION


Over Rs20,000 crore from the MP LADS were disbursed since a decade, but there are no records. The funds allotted for MPs to use for providing drinking water, public health, education, sanitation, sports and roads are either unused or misused The Member of Parliament (MP) Local Area...

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With the proliferation of ATMs and corporates starting white-label ATMs, there is bound to be considerable deterioration in customer service. Therefore, preventive and punitive steps are required to be taken by the RBI before it goes out of hand As per the reports that appeared in...

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India must try and play the important role of being the intermediary between Iran and the US in forging some kind of business alliance, particularly in areas like petroleum industry Since 2012, India has been paying for Iranian oil imports both in rupees and Euros, by a special...

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Raghuram Rajan wants Public-sector bankers bankers to be saved from Central Vigilance Commission. Much higher in priority is to reduce political pressure on bankers RBI governor, Dr Raghuram Rajan, has started the new financial year on a very positive note, choosing to bat for bank...

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Moneylife Digital Team 15 April 2014
Inflation in March rose to a three-month high of 5.7% mainly on a spurt in the prices of food items such as potatoes, onions and fruits while prices of sugar, pulses, cereals, cement and minerals eased Snapping its declining trend, inflation in March rose to a three-month high of 5.7%...

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Moneylife Digital Team 15 April 2014
Direction and pace of policy reforms in India, more than which political party takes control, can affect the ratings on the sovereign, says ratings agency S&P Direction and pace of policy reforms in India, more than which political party takes control after the general election can...

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Moneylife Digital Team 15 April 2014
For FY14, Infosys reported a 13% increase net profit to Rs10,648 crore even as its revenues grew 24.2% to Rs50,133 crore. The company declared a final dividend of Rs43 per share Infosys Ltd, India's second largest software company reported a 25% jump in its fourth quarter net profit on...

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Moneylife Digital Team 15 April 2014
The US Bankruptcy Court has ordered examination of Madhavi Vuppalapati, founder of the once high flying Prithvi Info Solutions, saying, as President and CEO, she is certainly a person with knowledge of the company’s financial condition A Bankruptcy Court in the US has directed Madhavi...

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Moneylife Digital Team 14 April 2014
During FY14, Indag Rubber posted a net profit of Rs27.54 crore despite its flat sales. The company declared a final dividend of 65% or Rs6.5 per share Indag Rubber Ltd reported a 10.3% higher net profit during the 12 months that ended on 31 March 2014. The tyre retreading and...

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Moneylife Digital Team 14 April 2014
While FIIs are increasing their shareholding in Infosys, domestic institutional investors including LIC, are reducing their stake in the country's second largest IT company State-run Life Insurance Corporation of India (LIC) sold 0.46% of its stake in Infosys Ltd for about Rs850 crore...

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What the new government does about gas prices will signal whether Reliance Industries continues to dictate policies. A new book throws light on this Just a week before the first phase of the general elections, the Congress government ‘quietly’ sought to impose anti-dumping duty on...

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Central banks remained focussed on consolidation, but encouraging smaller banks may be the way to push economic growth The International Monetary Fund (IMF) gave out some good news this week. They told us that the crisis was over. Well sort of. The Fund predicted that the strong economic...

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There are reports of fake Indian currencies pouring in from across the border. The RBI can stop or at least, reduce to a great extent, the fake currency menace by introducing polymer currency notes at the earliest The election fever is on and heads have started rolling in allegations and...

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Moneylife Digital Team 12 April 2014
After being named as accused in the Rs425 crore QNet scam, Vanmala shifted its office to undisclosed location. However, the EOW raided this secret hideout and seized important documents about the MLM operations of QNet Economic Offences Wing (EOW) of Mumbai Police has raided a little...

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Moneylife Digital Team 12 April 2014
Financial Technologies is shortlisting bidders for selling its 24% stake in Multi-Commodity Exchange-MCX, following directions from FMC Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) on Saturday said it received non-binding bids from nine top corporates for buying its 24%...

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Moneylife Digital Team 11 April 2014
March is seasonally a positive month for the trade balance and hence, the latest data show a significant deterioration in India’s trade deficit India’s trade deficit widened to a larger-than-expected $10.5 billion in March from $8.1 billion in February, on weak exports and a sharp...

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Moneylife Digital Team 11 April 2014
Birla Power Solutions has submitted a proposal to Bombay High Court offering to repay money to its creditors of past eight years. However the Yash Birla group company will not pay interest to its fixed deposit holders The debt-ridden Yash Birla Group unit Birla Power Solutions Ltd (BPSL)...

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Moneylife Digital Team 11 April 2014
Nomura is optimistic on HCL, TCS, Tech Mahindra Global Outsourcing ACV of $5.7bn was up by 14% on year-on-year (y-o-y) basis, according to a Nomura Report. The IT sector also reported a better y-o-y traction of Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC), while USA...

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Moneylife Digital Team 11 April 2014
Maruti Suzuki is recalling over 1 lakh units of Swift, DZire and Ertiga for replacing a faulty fuel filler neck that may cause fuel smell and leakages Maruti Suzuki India Ltd (MSIL), the country's largest car maker on Friday said it will replace the ‘fuel filler neck’ of 1.03 lakh units...

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Moneylife Digital Team 11 April 2014
Nomura Research expects a stable earnings performance of the consumer sector and the volume growth to remain subdued in the first half. It is bearish on Hindustan Unilever, Colgate Palmolive and Jubilant Foodworks, while it remains optimistic about ITC and Godrej Consumer. Nomura...

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