COMPANIES & SECTORS


Initially, Air Asia India, the JV between the Malaysian carrier and  the Tatas, plans to concentrate on the South, connecting cities and providing stops at unconventional routes to take care of customer needs    In the last few days, the sky is overcast with air turbulence caused by...

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Moneylife Digital Team 05 July 2013
According to CCI, United India Insurance does not seem to hold a position of strength in the services of medical insurance, which can enable it to operate independently of the competitive forces along with its TPA The Competition Commission of India (CCI) has rejected allegations of...

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Moneylife Foundation’s Insurance Helpline has received a second  case of fraudulent “interest-free loan” offer from AB Capital. This time, the victim took a loan of Rs2 lakh to pay the high insurance premium, lured by the carrot of a fat, interest free loan of Rs10 lakh On 4th July...

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Moneylife Digital Team 05 July 2013
The deal was finalised only after receiving appropriate ministerial push. Here is the chronology of how Jet pulled it off. Incidentally, well before the FDI limit in airlines was raised, the major shareholder in Jet was Isle of Man based Tailwinds The deal between Naresh Goyal-led Jet...

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Khalid Memon 05 July 2013
The master circular of the Reserve Bank of India dated 2 July 2012 states that it is imperative that the customers are made aware of the service charges upfront. But according to our analysis at least 20 banks do not disclose During an ongoing research on bank charges, we discovered that...

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Moneylife Digital Team 05 July 2013
“Based on the shares tendered which represent 14.8% of HUL, Unilever would increase its stake from 52.48% to 67.28%,” Unilever Plc said in a statement on Thursday night Anglo-Dutch consumer goods major Unilever Plc has increased its stake in the Indian arm Hindustan Unilever (HUL) to...

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Based on the past experience and performances, with respect to new coal block allocations, it is said that at least three years would be the time-frame required before one can start the mining operation The coal ministry’s announcement allocating 14 coal blocks, estimated to hold some...

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Moneylife Digital Team 04 July 2013
There are 25,000 seats per week vacated by the defunct Kingfisher. The additional weekly seat entitlement of 40,000 by India would only help Etihad whose sole aim is to establish Abu Dhabi as a hub at the cost of Indian airports The deal between India's Jet Airways and Abu Dhabi-based...

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Moneylife Digital Team 04 July 2013
Successful applicants are likely to be those with financial firepower and strong management to handle the transition and growth, ratings agency Fitch said Global rating agency Fitch today said the 26 applicants for new bank licences in India have to fulfil tough requirements that are...

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Moneylife Digital Team 04 July 2013
The company has set up a special team at its head office handle these cases on priority and efforts shall be made to settle maximum claims within 72 hours Leading private life insurer, Bajaj Allianz Life Insurance, has relaxed its claim settlement norms to ensure faster claim settlement...

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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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