COMPANIES & SECTORS


Over 99% of plastic, Internet and electronic money transactions in India by Indians — by value and number —are purely domestic. Then why is this crucial business handled only by foreign companies? Just for a moment, sit back and imagine an extreme scenario - it is the year 2010, in an...

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We have seen how over 99% of plastic, Internet and electronic money transactions in India by Indians are purely domestic. When will we finally get into this industry? Sure, State Bank of India has its own credit card. As do a variety of other banks, shops, airlines, oil companies — even the...

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Sucheta Dalal Sucheta Dalal  and   Debashis Basu Debashis Basu 21 July 2010
S Sridhar, CMD, Central Bank of India and chairman of the National Housing Bank, talks to Moneylife editors Sucheta Dalal & Debashis Basu on the vision that he has for NHB, and the need to free up housing finance for the underprivileged. This is the second part of a three-part series Sucheta...

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Moneylife Digital Team 21 July 2010
Oil minister Murli Deora flew into the Vietnamese capital today with heads of blue chip Indian oil firms to lay a claim with Hanoi on BP's stake in two offshore gas fields — a pipeline and power project. With BP Plc looking at selling interest in some fields to fund its the Gulf of Mexico...

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Moneylife Digital Team 02 July 2010
The State also plans to move against PepsiCo for alleged environmental violations—including polluting of groundwater and over-consumption of water—in one of its factories in Kerala India finally seems to be becoming more aware of environmental issues being caused by major multinational...

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As the company’s flagship businesses show no signs of turning around, shareholders are nursing losses for over three years, since the shares got listed It's three years now and the shareholders of ibn18 Broadcast Ltd are nursing a loss on their investments having invested in a glamorous stock...

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The company is looking at acquiring a copper mine in Australia and has plans to revive the defunct company Mt Gordon Copper Operations Asia's largest aluminium producer, Hindalco, is eyeing a copper mine in Australia. "Our objective is to get 40% of our need for copper concentrates from our...

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A look at the commercial vehicles segment, what makes it click and the financial challenges that it faces The commercial vehicle market in India has traditionally been divided into approximately three wide segments, for purposes of technical demand-supply equations, as well as financial...

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Moneylife Digital Team 02 June 2010
As the online trading platforms on NSE and BSE are unable to generate huge volumes, SEBI has called for a high-level meeting with bank-sponsored MFs and bank officials Don't be surprised if the next time you walk into a bank and you are asked to open a demat account if you wish to invest in a...

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The group is now approaching local real-estate agents to sell its properties at Lodha Aqua, its high-priced project in suburban Mumbai The Lodha group, which was selling its ‘Lodha Aqua’ (near Dahisar, suburban Mumbai) property exclusively through invitation, has now climbed down and is...

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Hollywood is increasingly knocking at the doors of Indian animation studios, but the industry is suffering from high tax rates, dearth of talent and lack of international focus Indian animation studios are doing a lot of work for Hollywood productions. But why is the Indian animation industry...

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Hindustan Unilever (HUL) and Procter & Gamble (P&G) India have been washing each other’s dirty linen in public for quite some time now. But, as the dust settles down in this no-holds-barred clash between the two multinationals, some interesting facts are emerging out of the whole...

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Moneylife Digital Team 15 April 2010
In yet another case of a regulator’s stance being thrown to the winds, HDFC has decided to ignore the Reserve Bank of India’s observations on teaser loans Moneylife had earlier reported (see here) on how the RBI has repeatedly expressed its displeasure over teaser rates, saying that these...

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Ravi Samalad 14 April 2010
Unable to expand through a combination of advertising and selling through national distributors, the fund house is empanelling smaller distributors now Fidelity Fund Management Private Ltd, the US fund management major which launched its India operations in 2005, was so far following a...

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Debashis Basu Debashis Basu  and   Pallabika Ganguly 01 April 2010
The Unilever CEO believes that HUL is still the lion in several categories. He is living in his own world. Over the past decade, HUL has repeatedly tried and failed in a large number of new businesses, which makes it look like an also-ran A few days back, the chief executive officer of...

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Amritha Pillay 31 March 2010
GMR acquired power utility InterGen, based in the Netherlands, at a transaction worth $1.10 billion in 2008. Two years later, not much financial information is available about the acquired company in the public domain GMR Infrastructure’s overseas acquisition of InterGen NV in 2008 was touted...

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Pallabika Ganguly 30 March 2010
The Centre is proposing to levy service tax, while the State government is planning to charge consumers value-added tax on real estate The fight between the Central and State governments may lead to consumers being double-taxed for buying a piece of real estate. The Central government is...

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NDTV’s loss-making, ego-driven, public-funded businesses are unravelling Quarter after quarter, we have marvelled at the ability of TV channels to survive the deluge of red ink that would have drowned companies in any other sector. Obscene salaries, lavish overheads and large dollops of...

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Pallabika Ganguly 24 December 2009
The Urban Land Ceiling Act was repealed in November 2007. However, real-estate developers are still fighting cases related to this repealed legislation in the Bombay High Court The repealed Urban Land Ceiling (ULC) Act has held up more than 100 projects across Maharashtra. The...

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Pallabika Ganguly 22 December 2009
In India, the spiritual route has always been an easy way to make money. Now, the Times Group wants to cash in on this trend by launching a weekly newspaper based on ‘The Speaking Tree’, a spiritual column that is published in the inside pages of the Times of India (TOI). According to...

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