ECONOMY & NATION


Moneylife Digital Team 15 July 2011
Brokerages say uncertain business conditions, regulatory hurdles for various projects and higher borrowing costs continue to hurt heavy engineering firms The capital goods sector continues to be troubled by postponement of capex decisions by companies in uncertain business conditions,...

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Every car has them, but security is still a concern Have you seen how what was ‘luxury’ and ‘exclusive’ a year ago, is now basic and readily available, across all levels in the automobile world? Airbags, LEDs (light-emitting diodes), keyless start, internal electronics, leather seats and...

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Moneylife Digital Team 15 July 2011
There have been concerns about the possible impact on agri-commodities following an official report about lower than average rainfall so far Lower rainfall in the first few weeks of the monsoon season has set off concerns over the possible impact on agriculture. But experts say that it might...

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Moneylife Digital Team 15 July 2011
The country’s central bank had bought 200 metric tonnes of the precious metal in October 2009 as part of its forex management operations Gold prices touched a new high of $1,594 per ounce on Thursday, on heightened global concerns over the debt-crisis in Europe. This timeless precious metal...

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The government is unclear about who will regulate the proposed Noida Grand Prix. Preparations are also behind schedule. Will we ever learn from our past sports fiascos? The big news in the motor sports world has to be the flip-flop over the Noida and Bahrain F1 Grand Prix. At one stage, a...

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Property rates are exorbitant, inventories are piling up. But this sector could offer some good picks—if there is a revival Everyone seems to believe that real-estate prices in the metros are likely to correct downwards significantly. This is also borne out by the fact that the execution of...

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Moneylife Digital Team 13 July 2011
After private equity funds, now strategic investors are moving in. Aetna has just acquired Indian Health Organization Pvt Ltd, a three-year old startup The Indian healthcare sector with its super speciality hospitals and extensive network of healthcare service providers is proving to be an...

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Moneylife Digital Team 13 July 2011
Organisations deducting TDS are required to submit the data to the Tax Information Network on the NSDL site on the basis of which taxpayers are supposed to file returns Taxpayers have been hampered in filing income-tax returns, due to an unexplained delay in updating of TDS data on the...

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Moneylife Digital Team 13 July 2011
Brokerages say the drop in volumes may be compensated by higher revenues on increased vehicle prices, but higher input costs may still pressure margins The automobiles business has been largely healthy in the first quarter of 2011-12, driven by strong growth in the two-wheeler segment which...

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Moneylife Digital Team 12 July 2011
Brokerages say that the pharma sector that has usually been one of the better performers, is under various pressures of cost and competition which are expected to affect margins The pharmaceuticals business is among the sectors that are expected to do well in the first quarter of 2010-11,...

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Moneylife Digital Team 12 July 2011
Wage hikes and intense competition from rivals puts pressure on quarterly performance of country’s number two software services exporter Infosys Technologies today announced a 15.72% increase in consolidated net profit to Rs1,722 crore for the first quarter ended 30 June 2011 over the...

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Moneylife Digital Team 11 July 2011
Nomura report says slowdown could lead developers to cut prices in the coming festive season, but this will be easier on new launches rather than existing projects There has been a sharp 30% drop in registrations of property sales in Mumbai in June 2011 year-on-year, which confirms the...

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Moneylife Digital Team 08 July 2011
Brokerages say demand has been stable in the first quarter, although softening is visible in some categories and this could spread to other areas in the second half as prices harden The fast moving consumer goods (FMCG) sector, which is dominated by some large Indian companies and...

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Moneylife Digital Team 07 July 2011
Pranab Mukherjee expects inflationary pressures to continue due to higher fuel prices New Delhi: While the food and fuel inflation figures announced today have shown signs of easing, union finance minister Pranab Mukherjee has said that inflationary pressures are likely to continue due to...

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Moneylife Digital Team 07 July 2011
Contrary to the general perception that a good monsoon has a positive impact, brokerages suggest that stock markets have performed well even when there was average to above average rainfall. In addition, demand and consumption, especially in the rural market, and the health of government...

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Moneylife Digital Team 07 July 2011
Brokerages say banks are seeing a significant growth in funds mobilisation, but lower credit off-take; public sector lenders under strain from exposure to power utilities The banking sector is likely to have a lacklustre performance in the first quarter on account of dull domestic conditions...

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Moneylife Digital Team 06 July 2011
Directs company to change TV commercial which says ‘Pureit’ can destroy one crore viruses in one litre of water and that this is confirmed by tests by NIV Pune-based National Institute of Virology (NIV) has warned Hindustan Unilever Limited (HUL) of legal action if it does not change the...

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Moneylife Digital Team 06 July 2011
Here is good news for WorldSpace radio fans. Erstwhile employees of WorldSpace along with Saregama India, plan to provide much-loved music through mobile, Internet and DTH Saregama India Ltd, which owns the largest music archives in the country, has bought a 10% stake in Timbre Media Pvt Ltd...

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Moneylife Digital Team 06 July 2011
Cross-currency movements also favour higher dollar revenues, but increased manpower costs could result in a decline in margins The information technology (IT) sector should put in a positive performance in the June quarter, as the demand landscape remains unscathed and user spending...

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‘Big bath’ in balance sheet of the State Bank of India and the bloodbath on the stock price were a result of the deficiency on the part of statutory auditors who failed to guide the management properly Despite all the clarifications given by the newly-appointed chairman of the State Bank of...

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