COMPANIES & SECTORS


We have always talked of “single-window clearance” for decades now.  This is yet to materialize, but in the meantime, to confuse and compound the issue, the Department of Industrial Policy and Production (DIPP) has stated that a multi-brand entity cannot engage in any other form of...

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From the very beginning, Infosys set standards and created benchmarks in transparency, good governance and accountability.  But when circumstances changed, this pretty picture began to get dented bit by bit, starting with TV Mohandas Pai’s stormy exit around the time that NRN hung up his...

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Who checks the quality of technology or data-matching algorithms used by CIBIL or the other credit bureaus? What is the redress process, when it fails? At Moneylife’s ‘Open House’ with RBI deputy governor Dr KC Chakrabarty on 3rd June, an angry customer stood up to complain about Credit...

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Moneylife Digital Team 08 June 2013
The high-powered committee headed by SBI managing director S Vishwanathan would submit its report by July-August, and later based on the report the merger process could start by September, SBI chairman Pratip Chaudhuri told reporters State Bank of India on Friday said the proposed merger...

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Moneylife Digital Team 08 June 2013
Ever since the airline clinched a stake sale deal with the Abu Dhabi-based Etihad Airways in the last week of April, the industry was abuzz with speculation that Kardassis was on his way out Jet Airways chief executive Nikos Kardassis has resigned after a five-year stint with the

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Anil Agashe 07 June 2013
Is this move (by Narayana Murthy) an admission about his failure in choosing Infosys leaders? If so why does he not admit it in public for the sake of corporate governance and transparency that he talks about all the time? Is trying to make comeback part of culture to cling on? So NR...

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Moneylife Digital Team 07 June 2013
Now you can get cashback on availing healthcare services through medicash membership. What does it offer and is the service worth availing?  Online cashback plans are gaining popularity. One such service, Medicash.in, a medical services e-tailer, offers a free membership, which entitles...

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Anishi Khetan 07 June 2013
Due to the proactive monitoring of NAMS on the print and TV ads, it has helped in tracking a large number of misleading ads Advertising Standards Council of India (ASCI) recently bagged the Best Practices Silver Award at European Advertising Standards Alliance’s (EASA) Annual Meeting ...

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Through his deals with his younger sibling, Mukesh Ambani is getting telecom infrastructure for RJio's 4G services at probably a fifth the rate of building his own network. Anil Ambani’s RCom on the other hand would be able to generate additional revenues from its infrastructure that can...

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Moneylife Digital Team 07 June 2013
“The front-end stores set up by Multi-brand retail trading (MBRT) entity will have to be 'company owned and company operated' only,” the DIPP said adding the wholesale/cash & carry trading cannot be considered as having provided back-end infrastructure The government clarified on...

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Moneylife Digital Team 07 June 2013
As many as 60-70 employees are currently on an indefinite hunger strike at the Kingfisher House near the domestic airport in Mumbai A section of the employees of the grounded Kingfisher Airlines on Thursday sat on a hunger strike at the Kingfisher House in Mumbai, demanding immediate...

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Moneylife Digital Team 06 June 2013
It has been three years since RIL returned to telecom with a big bang. Today, while outlining big plans for Reliance Jio, Mukesh Ambani yet again refrained from announcing a launch date for the 4G broadband service It is no secret that Mukesh Ambani, chairman and managing director (CMD)...

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Moneylife Digital Team 06 June 2013
As per the minimum public shareholding norms, government-run companies shall have a minimum public float of 10% by August and private sector companies had to bring down promoter stake to 75% by 3rd June this year The Securities and Exchange Board (SEBI) on Thursday said the government...

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Moneylife Digital Team 06 June 2013
Mukesh Ambani had in the last Annual General Meeting announced an investment of Rs1,00,000 crore over 4-5 years, which has now been expanded to Rs. 1.5 lakh crore and time compressed to 3 years Reliance Industries (RIL) on Thursday announced an investment of Rs1.5 lakh crore in core...

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Moneylife Digital Team 06 June 2013
A consumer was denied home loan because CIBIL mixed up his credit history or record with someone else. Another was denied a loan due to gender mismatch. This could happen to you as well Moneylife and Moneylife Foundation have been continuously raising question on the quality of credit...

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Moneylife Digital Team 06 June 2013
Citing a Supreme Court order of August 2010, the national auditor has asked Telecom Regulatory Authority of India (TRAI) to submit revenue sharing details and documents of private telecom operators for assessment by 20th June The Comptroller and Auditor General of India (CAG) has sought...

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Moneylife Digital Team 05 June 2013
The services sector which accounts around 60% of the India's GDP expanded largely driven by higher levels of new work placed at private sector firms in India, an HSBC survey said on Wednesday India’s services sector activity expanded in May and the pace was the fastest in three months,...

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Moneylife Digital Team 05 June 2013
The Union Cabinet of ministers has just cleared a bill to set up a real estate regulator. What does it mean to you? Property is the single largest asset that an Indian saver creates for himself after long years of saving; most Indians do not invest in stocks or mutual funds. Over the...

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Moneylife Digital Team 05 June 2013
Lakhs of customers of HDFC Bank across the country would not be able to do shopping, both online or offline, or any transaction using ATMs, debit cards on Saturday and Sunday as the lender wants to 'upgrade' its systems Private sector lender HDFC Bank has decided to take a break during...

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Moneylife Digital Team 05 June 2013
Jaguar Land Rover’s May 2013 retail sales volume in the US came in at 4,989 units, up 11% y-o-y while other luxury OEMs have reported volume growth in the range of 8%-15%.  However, Nomura doesn’t expect the Tata Motors stock to react significantly to this data Jaguar Land Rover’s (JLR)...

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