COMPANIES & SECTORS


Moneylife Digital Team 04 July 2013
The allocation of the blocks, having a geological reserve of 8,311 million tonnes, will lead to an investment of more than Rs1.6 lakh crore in the power sector Kick-starting the process of coal blocks allocation, the government has allocated 14 coal mines to Central and state PSUs,...

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Moneylife Digital Team 03 July 2013
The Standing Committee has categorically said that the increase in bilaterals appears to facilitate one airline’s ability to strike a stake-sale deal with a foreign airline at a huge premium. The FIPB, SEBI and the Competition Commission are worried about ownership and control of Jet

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Moneylife Digital Team 03 July 2013
The issue attracted bids for over 4.23 crore shares, or 1.08 times, against 3.71 crore shares on offer much before the close of market hours The government garnered Rs260 crore from stake sale in Hindustan Copper which got subscribed 1.14 times of the shares on offer today.   The...

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Moneylife Digital Team 03 July 2013
The Foreign Investment Promotion Board had approved these proposals in its meeting on 14th June, when it deferred a decision on Jet Airways’ application to make a preferential allotment of 24% of equity shares to Etihad Airways Eight FDI proposals worth Rs1,311.54 crore, including that...

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Dr Verma had purchased a Reliance Life plan with the lure of an interest-free loan. After running around without any success for six months to get the promised loan and then to get the policy cancelled, Dr Verma fortunately got justice within two hours of Moneylife’s...

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The UPA government wants to issue banking licences “at any cost” before the elections. However, the RBI is not in a mood to ‘rush’. Last time only 2% of the applicants managed to get banking licences from the regulator. So who would be the lucky ones this time? The list has many dubious...

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Moneylife Digital Team 03 July 2013
Directing banks to focus on top defaulters, finance minister P Chidambaram said it is the 30 top non-performing accounts which account for bulk of the non-performing assets Concerned over rising bad loans, finance minister P Chidambaram today directed banks to focus on top defaulters and...

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Moneylife Digital Team 03 July 2013
Kerala Police have arrested two persons in connection with a forex racket which has duped over 60 investors of several crores of rupees, while, at the same time, employees in Chennai have escaped While the rupee has been grabbing headlines of late, what is little known or reported is...

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Justin Elliott (ProPublica) 03 July 2013
A Better America Now had spent money on mailers linking a congressional candidate to "left-wing extremists" and a controversy involving an endangered spider Shortly before Election Day last year, mailers went out to Texas voters featuring pictures of a Democratic congressional candidate...

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Moneylife Digital Team 02 July 2013
On 22nd April the Cabinet Committee approved 40,000 additional bilateral seat rights per week to Abu Dhabi. As soon as the bilateral deal was signed, both Jet and Etihad entered into an agreement on 24th April. Is it a coincidence or collusion? The deal between Naresh Goyal-led Jet...

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Customers have got fraudulent calls offering a Rs10 lakh interest-free loan from Reliance Capital when you buy Reliance Life Money Multiplier policy of Rs1 lakh premium Fraudulent callers from Reliance Life are offering Reliance Capital’s interest-free loan of Rs10 lakh for 10 years if...

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Moneylife Digital Team 02 July 2013
The Telecom Commission has approved raising FDI limit to 100%, 49% investment can be made through the automatic route but FIPB approval is required to increase the level, a senior government official said The inter-ministerial body Telecom Commission today approved hiking the foreign...

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Moneylife Digital Team 02 July 2013
Barring energy futures, trading volumes in farm items, gold, silver and other metals remained lower in the said period, commodity markets regulator FMC said in a statement The turnover of the commodity bourses declined marginally to Rs34.36 lakh crore till 15th June of the current fiscal...

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While telecom operators have to mandatorily submit data to TRAI, there are no obligations on mobile handset makers. This allows them to make dubious claims about sales Last week, we received an email from a public relations agency telling us about a particular mobile handset maker...

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The first unit of the ONGC Tripura Power Company is set to go on stream in the next few days. Besides supplying power to the seven eastern states, the Tripura government had committed supplying power to Bangladesh ONGC’s gas-based Tripura Power Company (OTPC) set up at Palatana in...

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Moneylife Digital Team 01 July 2013
Overall, even as the PMI improved in June, the internal factors (rise in inventory, the fall in domestic orders to sub-50, rise in input costs) are not encouraging, said Nomura in its Asia Insights report After falling for three consecutive months, India’s manufacturing PMI rose to 50.3...

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Moneylife Digital Team 01 July 2013
“We have an open mind. We are disinvesting in Neyveli only for one reason, mainly to comply with the SEBI regulations. If there is another way to comply with SEBI regulation why should I shut my mind to that? Finance minister P Chidambaram said The Centre will consider the Tamil Nadu...

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Moneylife Digital Team 01 July 2013
The move is a part of the Indian two-wheeler major’s strategy to enhance technological prowess, post the break up of the erstwhile joint venture with Honda—Hero Honda India’s largest two-wheeler maker Hero MotoCorp today said it has picked up 49.2% stake in US-based Erik Buell Racing...

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Moneylife Digital Team 01 July 2013
A two-member SC bench rejected the pleas of the telecom companies that they be tried in a magisterial court unlike other accused in 2G cases as they have not been charged under Prevention of Corruption Act The Supreme Court on Monday dismissed the pleas of Essar Teleholdings and Loop...

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Moneylife Digital Team 01 July 2013
During the month of June, the total new orders fell for the first time since March 2009. Export business, however, rose at the sharpest rate since January as demand from key foreign clients strengthened India’s manufacturing sector activity remained broadly flat in June as new orders...

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