PUBLIC INTEREST


Aaron Rodrigues Aaron Rodrigues 02 June 2010
More and more dodgy schemes to sell insurance policies keep crawling out from the woodwork. But a number of insurance companies have preferred to maintain a deafening silence on these devious activities Selling insurance translates into big money for agents. But a number of agents (and a few...

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Moneylife Digital Team 28 May 2010
Summer is seeing a decline in the number of misleading advertisements. ASCI has forbidden airing of one commercial out of ten complaints in March The Consumer Complaints Council (CCC) of the Advertising Standards Council of India (ASCI) has upheld only one complaint out of the ten complaints...

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Muddled, disorganised and confused—that’s not your brain after you have had one too many; that’s the state of the law that regulates consumption of alcohol Did you know why your favourite watering hole is called a ‘permit’ room? That’s because Maharashtra requires you to posses a liquor...

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Aaron Rodrigues Aaron Rodrigues 09 April 2010
It sponsors teams, spends billions (of dollars) on advertising and is probably the world’s most well-known brand. But Coca-Cola seems to have forgotten what it takes to service a customer. What’s worse, Coke prefers to maintain a deafening silence—and enter a state of denial—when confronted with...

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It was a special occasion for all at Moneylife Foundation on 5 February 2010 when the Moneylife Knowledge Centre was launched at the hands of Sanjay Nirupam, member of Parliament, who graciously accepted our invitation to be the chief guest at the event despite it being his birthday. The...

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Sanket Dhanorkar 11 January 2010
As part of the UID project, the government plans to introduce a micro-payment platform that would allow for easy transactions in unbanked areas of the country. It will also create a nationwide network of BCs for enabling interoperability The government’s ambitious unique identity (UID)...

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Yogesh Sapkale Yogesh Sapkale 05 January 2010
Facebook has sent a 'cease-and-desist' letter to another website, Seppukoo.com, that deletes profiles, friends and other information on Facebook, MySpace, Twitter and LinkedIn for users who provide their account information Social network website Facebook has said that it is blocking a...

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Yogesh Sapkale Yogesh Sapkale 09 December 2009
Skywalks, or foot over-bridges, are an effort to give pedestrians much-needed space to walk as more and more footpaths were disappearing across the city. This phenomenon, coupled with the paucity of subways, necessitated the construction of these skywalks Agitated over the construction of...

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Aiming to enhance the distribution network for mutual funds, SEBI has allowed mutual fund schemes to be routed through stock exchange brokers. Are brokers equipped to handle an entirely different business? Market watchdog Securities and Exchange Board of India (SEBI) has enlisted the services...

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A year after the deadly terrorist carnage of 26 November 2008, Mumbai’s landmark hotels which were bruised and battered by the brutal attacks have not let the aftermath kill their ‘Athithee Devo Bhavo’ attitude. On 26 November 2008, the city of Mumbai was witness to a series of deaths and...

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Petitioner seeks court declaration of SEBI’s suppression of Final Orders as illegal, also demands details of investigation against CSDL  Just days after the Andhra Pradesh High Court heard a PIL against SEBI for allegedly suppressing a series of final orders in connection with the 2004-05 IPO...

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I remember a joke about an engineer and a politician debating on who is more productive and result oriented among them. The engineer claims since he has organised everything in a proper order across the world which was in a mess, he is more efficient. The politician simply says, but tell me who...

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Here is a piece of great news for the airline industry. Qatar Airways has become the first carrier to fly an Airbus A340 plane on natural gas fuel. The plane is powered by Rolls-Royce engines using a 50-50 blend of synthetic gas-to-liquids (GTL) fuel. That will cut down sulphur, corrosion,...

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  Young graduate student Buddhi Vikram is still languishing in US prisons since 2006 for allegedly sending threat mails to the then President George Bush and all efforts of his father, another IIT alumnus, to garner support have failed. The IIT alumni were supposed to take up Vikram’s case with...

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For those who access the Internet over wireless here is some bad news. The Indian government has issued instructions to all Internet services providers to keep a record of each and every user using the Wi-Fi Internet, similar to records kept by cybercafés. This recordkeeping is so difficult that...

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Technology company NCR Corp said it processed about 1 million instruments on Wednesday using its image-based cheque clearing solution implemented for the Reserve Bank of India, which NCR claims is a record.   "This is the first step towards introducing electronic cheque clearing in our country...

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  NASSCOM has called for a speedy police enquiry into the case of alleged illegal sale of private medical records through IT companies in India. The case was busted in a sting operation by a British television news channel. “It is vital that medical records and other sensitive data are kept...

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Suven Life Science’s focussed approach on drug discovery in the central nervous system (CNS) is helping it make more headway than any other research company in the drug industry. Suven has recently secured a product patent for its new molecule SUVN-502 from India, Mexico, South Africa,...

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Despite a much improved market scenario, real estate inventories are piling up with builders. Undeterred, they are launching new projects. In the second quarter of this financial year (Q2 FY10) inventories have gone up by 20%. Last quarter (Q1 FY10) the inventories in six cities (Mumbai, NCR...

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Prozone Enterprises (P) Ltd, a retail real estate development company and a wholly owned subsidiary of Provogue India, will be earning lease rental revenue of Rs 40 crore-Rs 50 crore per year from the first mall at Aurangabad, assuming that the lease rental is between 6%-10% of total annual...

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