Issue of 5th Oct-11th Oct 2018
LEAD ARTICLE
financial magazines online
How IL&FS Was Enriching Itself at Public Cost
Jolted by the massive systemic risk that the defaults of Infrastructure Leasing & Financial Services (IL&FS) can create, a sleeping government has, finally, sacked a part of the board of directors of IL&FS on 1st October and injected seven new directors. It has also ordered an investigation by the SFIO (serious frauds investigation office).... Read More
STOCKS
One of the best-known consumer brands in India, Bata, is undergoing some sort of revival. For FY17-18, Bata’s revenue grew at 6.5%, operating profit grew at 25% and net profit grew at 38.7%. One of the reasons for growth was the low base effect in the previous financial year, in which almost...
Moneylife Digital Team
The stock of Hester Biosciences Limited (HBL), a leading animal healthcare company and second largest poultry vaccine manufacturer in India, turned into a 20-bagger during India’s massive bull-run from 2014 to December 2017, when it hit its all-time high price of Rs1,955 in December. Since...
Moneylife Digital Team
Alarmed by the possibility of a contagion from the defaults of Infrastructure Leasing & Financial Service (IL&FS) spreading across the financial sector and the real economy, the government has promptly acted to change the IL&FS board. The swift action is commendable; but this was the easy...
MUTUAL FUNDS
The best three and the worst three schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging in to Moneylife Advisory  
Moneylife Digital Team
Many debt schemes, especially those considered very safe for investing, were affected heavily after IL&FS defaulted last month. The loss in net asset value (NAV) of debt schemes exposed to debt papers of IL&FS was sharp, more than 8% in some cases.   Due to such heavy losses,...
Clinton Fernandes
MOBILE APPS
HEALTH
Recommendations made by the “Canadian 24-Hour Movement Guidelines for Children and Youth” for kids between the ages of 8 and 11 years, say that their day should include at least 60 minutes of physical activity, two hours or less of recreational screen time, and 9 to 11 hours of sleep. Yet, in...
Akshay Naik
MONEY FACTS
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