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How govt’s fuel pricing drilled a Rs 10,000 cr hole in auto cos’ pockets
The government’s fuel pricing policy has been riddled with anomalies. First it held on to the administrative pricing mechanism for such a long time that it became difficult for the government to liberalise it meaningfully for fear that any step in that direction will make it unpopular. And then it kicked off #Fuel Pricing #HowThisWorks #LPG #petrol price #RBI
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Will consolidation help turn around sorry state of telecom tower sector?
When telecom industry catches a cold, it is only natural that its sub-segment the telecom tower sector gets a fever. Now, with Indian telecom companies suffering from high fever, telecom tower companies are on the death bed. So, consolidation is the way ahead for the survival of these companies. When the going was #consolidation #Indus Tower #telecom #Telecom Tower #Vodafone
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Did corporate PR, death paranoia prompt Jolie’s mastectomy?
A debate is raging over the news Angelina Jolie’s double mastectomy last week. A section of experts, attributing Jolie’s decision to Americans’ heightened fear of death, claims that Jolie’s decision was entirely a corporate PR exercise for Myriad Genetics, the company that is in the middle of a court battle to #Angelina Jolie #Breast Canner #double mastectomy #Myriad Genetics
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Unintended beneficiaries of Cobra sting: ICICI, HDFC Bank staff
The Cobrapost sting operation has brought about a relief to ICICI Bank and HDFC Bank staff. According to a report in the Economic Times report, after the expose that proved beyond doubt that insurance is the weak link in our financial system, ICICI Bank and HDFC Bank have verbally #Banking #Cobrapost #HDFC Bank #ICICI Bank #ToWhatEffect
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Story of a whistle blower (or how Jagjit Singh became an MNREGA labourer)
Had Deepak Thakur (of Ranabxy fame) been in India, he would not have been a hero but an unsung zero, a la Swapan Kumar Tiwari. Tiwari, according to a report in Times of India, blew the lid off a scam in MNREGA smart cards and was chucked out of #GoodReads #Jagjit Singh #MNREGA #Udhav Thackeray #Whistleblower
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No cash in hand, but PM’s personal finance strategy is bang on
Ever wondered how the Prime Minister manages his personal finance? According to a Times of India report, the prime minister puts his money in fixed deposits and reinvests the returns on maturity. “His quantum of investments in term deposits, which were Rs 2.7 crore in 2010, have grown by more than #Income tax #Manmohan Singh #Personal finance #SmartMoney
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Four reasons why AirAsia’s India flight may be a turbulent one
With Tony Fernandes finally ending the suspense over who would be AirAsia India CEO, the battle lines are drawn. The government even made a policy change recently, by allowing airlines to charge for ancillary services, ahead of the entry of the low-cost warrior from Malaysia. The key to the airline’s India strategy, #Air Asia India #AirAsia #Aviation #low cost carriers #Ratan Tata #Tony Fernandes #ToWhatEffect
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Cos can now use options in M&As: All you need to know
Law Minister Kapil Sibal has given approval to a proposal from the Securities and exchange Board of India to allow using options as part of mergers and acquisitions. Here are a few details you wanted to know about the move: * What it means: This means that in a merger and acquisition #Call and put #Mergers and acquisitions #Options #SEBI #Securities Contracts #TheExplainer
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Now, a Sebi speed breaker to Jet Airways, Etihad deal
The Securities and Exchange Board of India (Sebi) is likely to ask Etihad to make an open offer for Jet Airways, which is not going down well with the foreign airline as it is not comfortable with the disclosures required when making such a move, reported CNBC TV18. The move comes #Ajit Singh #Aviation #Etihad #Jet Airways #SEBI
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Why Morgan Stanley is bullish on Tata Steel despite write-down
Tata Steel shares have reacted negatively to the news that the company will book a $1.6 billion non-cash impairment charge for 2012-13 due to weak economic and market conditions in Europe. At 13:32 p.m, the stock was down 0.02 percent at Rs 305. According to Morgan Stanley, though the impairment charge was expected the quantum #Europe #Morgan Stanley #Tata Steel