COMPANIES & SECTORS


MDT/PTI 27 December 2012
“The IKEA Group must have the ability to retail its entire range of products in India as is being done globally in every country, where IKEA stores are located,” a company spokeswoman said New Delhi: Swedish furniture retailer IKEA said it wants the government to allow it to “retail its...

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MDT/PTI 27 December 2012
TRAI had asked telecom operators, who have lost their licences, to inform existing subscribers by 27th December if they are discontinuing service in circles where they don't hold spectrum to operate beyond 18 January 2013 New Delhi: Sistema Shyam Teleservices (SSTL), whose permits have...

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MDT/PTI 27 December 2012
The Rural Development and Panchayati Raj Minister said the state government is determined to strengthen democratic institutions in the state Jammu: The Jammu and Kashmir government will soon provide insurance cover to panches and sarpanches, Minister Ali Mohammad Sagar said, reports...

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MDT/PTI 27 December 2012
“Our Financial Planning Centres not only enable customers to buy policies but also help us service their requests more easily and quickly,” IndiaFirst Life Insurance managing director and CEO P Nandagopal said Mumbai: Private insurer IndiaFirst Life Insurance opened a financial planning...

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Moneylife Digital Team 27 December 2012
Two activists from Lucknow have urged the RBI governor to enquire into the allegations and cancel the licence of HSBC, if found true   Lucknow-based activists Amitabh Thakur and Dr Nutan Thakur have approached the Reserve Bank of India (RBI) with regard to allegations of...

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MDT/PTI 27 December 2012
As the year progressed, excitement and optimism turned into gloom as sales fell in almost all segments. Car and bike sales were hurt badly by rising fuel prices, high interest rates and overall low consumer sentiment. And 2013 is also expected to be witness subdued sales Beginning with a...

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Moneylife Digital Team 26 December 2012
Vepa Kamesam, former deputy director of the RBI, has resigned from the High Mark Board as independent director. The troubled credit bureau, which urgently needs an injection of money to remain viable, allotted 70% of its ESOPs to four independent directors, including Mr Kamesam and its...

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MDT/PTI 26 December 2012
The order is considered significant against the backdrop of a MoU signed by Maharashtra government and Mahindra & Mahindra for commissioning of Rs700 crore project at Nashik for manufacture of 'Logan' car Mumbai: The Bombay High Court has dismissed a petition filed by a company Zenith...

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MDT/PTI 26 December 2012
The Tribunal dismissed Tata Power's petition challenging MERC's order to impose cross subsidy surcharge from high billing consumers, who have migrated from Reliance Infra to TPC Mumbai: The Appellate Tribunal for Electricity (ATE) has dismissed the petition of Tata Power Company (TPC)...

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Cocking a snook at multiple layers of regulation and oversight, dubious schemes from Sahara to MPG Greenery are thriving At the time of writing this column, the Sahara Pariwar continues with its non-stop attempts to deny payment liabilities and avoid providing identity proof of the lakhs...

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MDT/PTI 24 December 2012
Once the agreement is in place, RDIF and SBI would team up to facilitate access to long-term capital in Russia and India besides promoting mutual investments New Delhi: State-owned Russian Direct Investment Fund (RDIF) and State Bank of India (SBI) plan to set up a $2 billion investment...

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Moneylife Digital Team 24 December 2012
High Mark does not have a full-time director or managing director and its chairman Prof Pandya is working on a part-time basis. This is clear violation of Regulation 9(2) of the CICR Act Troubled and cash strapped High Mark Credit Information Services Pvt Ltd, (High Mark Credit Bureau)...

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MDT/PTI 21 December 2012
DoT will now constitute within a week a committee to go examine the issue of 3G roaming services being offered by telecom majors by entering into agreements with each other New Delhi: The Delhi High Court has asked the Centre to set up a committee to examine and decide the row between...

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MDT/PTI 21 December 2012
The labour minister conceded that the RBSY scheme was tailor-made for insurance companies to earn profit. In Maharashtra alone, Rs215 crore were paid as premium and claims of Rs134 crore were not settled Nagpur: Maharashtra Government had sought a probe by the Central Bureau of...

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MDT/PTI 21 December 2012
The much-talked about trading launch of MCX-SX, the third equity exchange in the country, is likely to begin in January Mumbai: Moving closure to the launch of the country's newest stock exchange platform, MCX Stock Exchange (MCX-SX) said it got the 'commencement certificate' from market...

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MDT/PTI 21 December 2012
The CBI in its charge sheet named Bharti Airtel, Vodafone India, Hutchison Max, Sterling Cellular, and former Telecom Secretary Shyamal Ghosh as accused for alleged irregularities in grant of additional spectrum during the NDA regime New Delhi: The Central Bureau of Investigation (CBI)...

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Moneylife Digital Team 21 December 2012
Troubled and cash strapped High Mark has been offered Rs30 per share by Italian credit information agency CRIF, an existing shareholder. CRIF is headed in India by old hand Larry Howell. In his previous inning, Howell successfully brought together TransUnion, which he was heading at that...

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Nidhi Bothra 21 December 2012
While the Union Budget 2012-13 granted external commercial borrowings (ECB) for low-cost affordable housing projects, the Reserve Bank of India (RBI) has taken a good 10 months to come out with the notification   The RBI, vide its notification  dated 17 December 2012, has allowed ECB...

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Estimates of India’s large proven coal reserves are not disputed. But, due to the slow movement of mined coal, power generators, which feed the hungry industry and masses, end up importing coal at a much higher price   In a candid admission of facts, finance minister, P Chidambaram,...

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MDT/PTI 21 December 2012
Calcutta High Court ruled that as per the subsequent agreements, courts at Kolkata have jurisdiction over disputes and TCG could not go for arbitration on transfer of 155 million shares of Haldia Petrochemicals Kolkata: The Calcutta High Court directed that The Chatterjee Group (TCG)...

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