COMPANIES & SECTORS


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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The new price of gas at $8.40 will be applicable to all types of gas, shale, coal bed methane or conventional. Coal methane gas is more likely to be tapped as compared to shale because the latter requires enormous amounts of water in the separation process The Cabinet Committee on...

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While the overall passenger vehicle market remained stagnant, UVs and SUVs priced below Rs15 lakh recorded 54% growth in FY13. With very attractive pricing and features, Ford's Ecosport will challenge M&M's Quanto, Maruti Suzuki's Ertiga and Renault's Duster—at least initially With a...

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Moneylife Digital Team 28 June 2013
Bajaj Auto expects the Indian automotive industry to go through turbulent times in the coming year while Nomura’s outlook on the company is ‘neutral’ and believes that the stock is worth Rs1,966 Bajaj Auto, even though fundamentally strong, expects the two-wheeler industry to remain...

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Moneylife Digital Team 28 June 2013
The Cabinet Committee for Economic Affairs on Thursday approved the proposal to hike the natural gas price to $8.4mmBtu from the current $4.2 per mmBtu with effect from April 2014   Biting the bullet, the government on Thursday approved near doubling of natural gas prices to $8.4 per...

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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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