COMPANIES & SECTORS


Moneylife Digital Team 27 June 2013
The NCDRC passed the order while pulling up Sahara for not updating its accounts regarding the repayment of a loan availed by one of its investors against the investment he had made in the scheme The National consumer redressal commission has penalised Sahara India with a fine of...

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Moneylife Digital Team 27 June 2013
Pranay Vakil and Parimal Shroff, two of the best-known experts on real estate, discussed the Real Estate (Regulation and Development) Bill 2013 (the Bill), recently cleared by the Union Cabinet, and how it would affect home-buyers and the industry The Bill aims to protect the interest...

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Moneylife Digital Team 27 June 2013
The project awarded by mFarmer Initiative, a partnership between the GSMA, Bill & Melinda Gates Foundation and USAID aims to provide small farmers with high quality, relevant and timely information and advice delivered via mobile Mobile Value Added Service (mVAS) provider Handygo...

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Moneylife Digital Team 27 June 2013
DE Shaw, which has also set up a financial sector joint venture with Reliance Industries in India, had filed this application with SEBI in July 2007 through DE Shaw Composite Investments (Mauritius) II Global private equity and investment management major DE Shaw’s application to set up...

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Real estate business attracts lots of unaccounted money, which may also be laundered money. If somebody purchases multiple properties through one developer or broker, there should be compulsory reporting to the Financial Intelligence Unit The Government of India has come out with a bill,...

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Dr SD Israni 27 June 2013
One-sided agreements are only the beginning of the misery for  consumers in a real estate transaction Ahapless consumer will clutch at every straw in the wind just as he is likely to believe that there is light at the end of a tunnel. This is particularly true of buyers of real estate

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Charles Ornstein, Tracy Weber  and   Jennifer LaFleur (ProPublica) 27 June 2013
Pay-to-prescribe is illegal, but doctors say they haven't been influenced by the money they get for promoting drugs they also prescribe to large numbers of their patients This story was co-published with NPR.   When the blood pressure drug Bystolic hit the market in 2008, it faced...

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Moneylife Digital Team 26 June 2013
While there is no damage to the power house, the barrage has been suspended and would take around 3-4 months to resume full operations, JP Ventures said Jaiprakash Power Ventures, a subsidiary of Jaiprakash Associates, has informed the exchanges that its 400 MW Vishnuprayag Hydro Power...

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Moneylife Digital Team 26 June 2013
Reliance Capital said that both Sumitomo and Nippon would have 4%-5% stake each in the proposed bank, subject to regulatory approvals Readying itself for a bank licence, Anil Ambani-led group's Reliance Capital today said Japan’s Sumitomo Mitsui Bank and Nippon Life would become its...

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While Yash Birla is being portrayed as mourning over the loss of his private retreat near Kedarnath, there are thousands of small investors including senior citizens, doing the same for investing in his group companies in either stocks or FDs. After all, what can you expect from a head honcho...

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Moneylife Digital Team 26 June 2013
The union's demands include 25% wage hike, permanent employment for contractual workers, reinstatement of some suspended employees and bringing back to the Chakan plant those transferred outside Production at Bajaj Auto's Chakan plant near Pune remained crippled today as the agitation by...

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Moneylife Digital Team 25 June 2013
Earlier this month, SEBI had asked more than 100 firms including Fresenius Kabi to submit their replies related to non-compliance with the mandatory requirement of 25% public shareholding   The Securities Appellate Tribunal (SAT) has directed Fresenius Kabi Oncology to make a fresh...

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Moneylife Digital Team 25 June 2013
The advisory firm asks people to share their username and password of demat account so that it can trade on behalf of them and give a 20% assured return.  Is the market regulator keeping an eye on such entities? The Securities Exchange Board of India (SEBI) which bars even mutual funds...

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Moneylife Digital Team 25 June 2013
An internal committee of DoT had alleged that Bharti Airtel had continued to route national and international calls as local calls under a scheme till 2005 despite being told to stop it in 2003 Telecom minister Kapil Sibal is learnt to have approved levying of Rs650 crore penalty on...

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Less than a year after NDTV broke off with TAM Rating, many Indian broadcasters have walked out of the ratings monopoly. Does this rating serve any useful purpose? Less than a year ago, NDTV’s decision to sue TAM (Television Audience Monitoring) for a billion dollars sparked many...

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Will the honest bankers caught in Cobrapost sting operation help soften the RBI blow on erring banks? A third set of revelations by the Cobrapost sting operation on how bankers help to launder ill-gotten cash now covers HSBC India and Standard Chartered Bank as well. What has, however,...

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Moneylife Digital Team 25 June 2013
The acquisition will be done through a joint venture in which OVL will hold 60% stake while OIL will have the remaining 40% State-owned Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) will buy Videocon Industries' 10% stake in a giant Mozambique gas field for about $2.5...

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Moneylife Digital Team 25 June 2013
The court said that it cannot decide the plea against the company on the basis of a judgment passed by a US court against Ranbaxy The Supreme Court today dismissed a PIL (public interest petition) seeking a probe against Ranbaxy Laboratories for allegedly manufacturing and selling...

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Moneylife Digital Team 25 June 2013
The board of Tech Mahindra and Mahindra Satyam had approved the merger on 21 March 2012. After an approval from the Bombay High Court, the Andhra Pradesh High Court gave its nod for the merger on 11 June 2013 Software services firm Mahindra Satyam was on Tuesday formally merged with its...

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Bharti Airtel, Vodafone and Idea have cut data tariffs for 2G services in circles where they do not have a licence for 3G services. This is nothing but an attempt to retain subscribers, following the Delhi High Court order and DoT notification barring them from offering 3G services in circles...

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