Issue of 16th Aug-22nd Aug 2019
LEAD ARTICLE
financial magazines online
Groaning under Debt, Reliance Industries Throws in the Towel on Ownership and Control
Yesterday, Reliance Industries (RIL) announced that Saudi Aramco has agreed to take 20% stake in its refining and petrochemicals business, described as the Oil to Chemicals (O2C) division. The transaction, which values the business at $75bn (billion) including debt, has made investors extremely happy. The stock shot up more than 10% today.... Read More
CROSSHAIRS
The fifth status report, filed by the government-appointed board of Infrastructure Leasing& Financial Services (IL&FS) today, includes a rather disappointing report from Grant Thornton (GT) which completely misses the core issues with regard to what happened between Allied Financial...
STOCKS
Guidelines    1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In place of growth, we have provided...
Moneylife Digital Team
MUTUAL FUNDS
In July 2019, IndusInd Bank and ICICI Bank were the most preferred stocks of Indian mutual funds. The net purchases of IndusInd Bank were Rs1,670 crore. HDFC Bank and Infosys were the most sold stocks. The net sales of HDFC Bank were Rs732 crore and net sales of Infosys were Rs661 crore.
Moneylife Digital Team
SMART MONEY
When I consider a stock for investment, I try to figure out a ‘thesis’ for justifying the investment. This usually takes the form the asking these basic questions. Will the industry grow? Will it be around after 10-20 years? Will the company grow fast enough to be in the top-3 or top-4...
FIXED INCOME
Tata Capital Financial Services (TCFSL) plans to raise Rs4,126 crore from the public through the issue of secured and unsecured non-convertible debentures (NCDs). Subscriptions to tranche-2 of the issue of the NCDs commenced on 13 August 2019, and will end on 23 August 2019, or earlier, at...
Moneylife Digital Team
INSURANCE
Life Insurance Corporation of India (LIC) recently launched an affordable offline term life insurance policy called Jeevan Amar. We discuss the features of this policy and whether it is worth purchasing.   LIC, which is better known for its traditional insurance policies that are sold...
Moneylife Digital Team
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