COMPANIES & SECTORS


Moneylife Digital Team 10 April 2012
Social networking site, Facebook, came down heavily on employers for snooping on their workers’ personal account. In a blog, Erin Egan, Facebook’s chief privacy officer, said that they have seen an increase in reports of employers seeking to gain inappropriate access to people’s Facebook...

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EAS Sarma 09 April 2012
The Coal India case underlines the need for professional autonomy, creation of a reasonable distance between the Ministries and the PSUs and a clear definition of the obligations of the PSUs. This is the concluding part of the series on state-owned companies Over the years, despite the...

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National Maritime Day has come and gone, but the potential of India’s maritime prowess and power is steadily being strangled and eroded. First it was our ships and shipping lines, now it is our ports. What is left after that? Every year in the first week of April for the past six...

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EAS Sarma 09 April 2012
The government has listed Coal India to raise money but has pushed CIL into a conflict between its role as a company that is fully accountable to its shareholders and its role as a PSU with all the associated national and social obligations When Mohan Kumaramangalam nationalised 937...

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EAS Sarma 09 April 2012
Can the majority shareholder (the government), trample upon the primary rights of the minority shareholders? This question affects all PSUs. This is the second part of the three-part series on Coal India According to the news reports, it all started with the Prime Minister’s Office (PMO)...

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Moneylife Digital Team 04 April 2012
Groupon, the icon of new e-commerce businesses, has announced an accounting restatement and has got sued by a shareholder. Will the private equity investors who have created a mini e-commerce bubble in India meet the same fate? Groupon, the icon of new e-commerce businesses, has...

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Moneylife Digital Team 03 April 2012
Mr Kannan who joined BSE in 2009 has resigned and is likely to join the Tata group The Bombay Stock Exchange (BSE) on Tuesday suffered a setback as its managing director and chief executive Madhu Kannan decided to step down. According to media reports, Mr Kannan would join Tata Sons as...

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Moneylife Digital Team 03 April 2012
In a case relating to recovery of four secret government documents from RIL’s office, the trial court has finally framed charges against V Balasubramanian, AN Sethuraman and Shankar Adawal after the high court and Supreme Court rejected petitions filed by the accused A trial court in New...

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Moneylife Digital Team 02 April 2012
Jewellers across the country have suffered a business loss of around Rs14,000 crore while the revenue loss for the government comes to about Rs690 crore, due to the ongoing strike against the excise duty hike in Budget 2012-13 The ongoing indefinite nationwide strike by jewellers,...

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Moneylife Digital Team 02 April 2012
The paradox of the situation is that despite sitting on such massive money resources, Mumbai is unable to generate funds to finance its most essential requirements According to a report by Jones Lang LaSalle, Mumbai’s realty and infrastructure situation now needs a serious boost. The...

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The US government has always been a mouth-piece of American big business. That is why the protest of US commerce secretary John Bryson against India giving a compulsory licence to Natco Pharmaceuticals to produce a generic version of a patented anti-cancer drug leaves a bad taste in the mouth

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While Kingfisher has maintained that it will continue for a long time, burn those miles, if you can Quite a few of us may have taken to Kingfisher Airlines as our airline of choice in the past few years. It was good while it lasted; it is disheartening to see the airline go down and its...

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Moneylife Digital Team 29 March 2012
Bharti Airtel has launched mobile wallet service ‘airtel money’ in Maharashtra and Goa. Customers could choose from two airtel money accounts: express and power accounts. In express accounts, one can load cash and spend up to Rs10,000 daily, while the power account has a limit of Rs5,000 per...

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Moneylife Digital Team 29 March 2012
Nokia has decided to shut down its mobile money services globally. The decision is in line with its earlier decision to move out from non-core business. However, the service will continue for three-four months until an exit strategy is formulated and customers have time to use up the money....

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Moneylife Digital Team 29 March 2012
Mahanagar Telephone Nigam Ltd (MTNL) has launched a pre-paid mobile recharge service through bank ATMs for its 2G/3G GSM (global system for mobile communications) customers in Mumbai. MTNL Mumbai’s prepaid recharge through ATMs facility is available through Barclays Bank, Citibank (kiosk),...

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Moneylife Digital Team 28 March 2012
Srei Infrastructure Finance got an order from the Calcutta High Court to restrict Fitch from publishing its current ratings in their year-long dispute Fitch Ratings said it cannot publish or update its ratings on Kolkata-based Srei Infrastructure Finance (Srei InfraFin) due to an order from...

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Moneylife Digital team 26 March 2012
Social activists including Aruna Roy, Nikhil Dey, Prashant Bhusan, Jayati Ghosh, and others have urged the UPA government to change the management and liquidate personal assets of Kingfisher Airlines chairman to save the carrier Eminent social activists have once again hit out at Kingfisher...

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State-run telecom giant BSNL was unable to report a single new subscriber in February. Unless, those in power stop its deterioration, the once undisputed king of telecom sector will be sold out or die unnatural death sooner than later I still remember the days when one had to wait years to...

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Moneylife Digital Team 22 March 2012
The CAG report on coal were observations which are under discussion at a very preliminary stage, do not even constitute ‘pre-final draft’ and hence are exceedingly misleading, the CAG said in a letter to the PM Amid uproar in Parliament over the reports of the alleged coal scam of Rs10.7...

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Moneylife Digital Team 22 March 2012
The path to digitisation has plenty of roadblocks which is affecting the revenues and profits of companies in the broadcast media The television media is looking forward to digitisation, which is said to be beneficial for—both channels and broadcasters. It is expected to increased...

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