Issue of 3rd May-9th May 2019
LEAD ARTICLE
financial magazines online
External Vs Internal Shock: Yes or No, to YES Bank?
On Friday, 26th April, YES Bank came out with disastrous results for the March 2019 quarter, reporting a surprise loss of almost Rs1,507 crore as provisions jumped to Rs3,661.70 crore—nine times higher year-on-year (y-o-y), from Rs399.64 crore in the year-ago period. This was a big shock for the market. Analysts were expecting a profit of... Read More
CROSSHAIRS
Has the Securities and Exchange Board of India (SEBI) let off the National Stock Exchange (NSE) rather lightly for its series of reckless behaviour in what is called the algorithm (algo) scam? Or is the Rs1,100-crore penalty (including interest for five years) imposed on India’s leading...
STOCKS
Based in Ahmedabad and listed on the Bombay Stock Exchange (BSE) (market-cap: Rs200 crore), Freshtrop Fruits is a leading exporter of fresh grapes from India. Its product portfolio also includes fresh pomegranates, pomegranates arils, fruit pulp and packaged juices. It has two business...
Moneylife Digital Team
MUTUAL FUNDS
Several debt mutual fund (MF) schemes posted heavy losses on Tuesday as a result of unreasonably high exposure to downgraded debt of Reliance Capital and its subsidiaries. The losses were up to 5% in some schemes, arising due to recent downgrades in credit ratings of Reliance Capital, its...
Clinton Fernandes
It has been only a couple weeks since the Zee-Essel fiasco, which entangled many fixed maturity plans (FMPs) of mutual funds (MFs), and we are witnessing another one. This time, again, it involves several FMP’s unjustified large exposure, and a possible misuse of directing investors’ money,...
Clinton Fernandes
SMART MONEY
Election results are just three weeks away. Every broker comes with a ‘buy’ report, with some theme or the other. The usual favourites are infrastructure and banking. And, of course, the consumer theme is perennial in India; every stock can be given a tinge of ‘consumer’ theme. A new...
MOBILE APPS
HEALTH
Instead of sitting at your desk, a lunchtime stroll through a park is one of the most effective stress-lowering treatments that a doctor can prescribe, new research suggests.   This research was conducted by a team of scientists led by Dr Mary Carol Hunter, an associate professor at...
Akshay Naik
MONEY FACTS
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