DAILY NEWS: OUR PICKS


Moneylife Digital Team 10 May 2013
However, any previous day’s low has to be watched out for a reversal    The market settled higher on support from the auto sector despite reporting sluggish sales figures for April. However, any previous day’s low on the Nifty has to be watched out for a reversal. The National Stock...

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Moneylife Digital Team 10 May 2013
India's trade deficit worsened sharply in May, after improving in March due to seasonality. This likely explains why the rupee has been weak despite large portfolio inflows, says Nomura   After a sharp improvement in March, India's trade deficit worsened in April and much more sharply...

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Moneylife Digital Team 10 May 2013
According to CAIT, traders have lost business of over Rs75,000 crore during the past two weeks of their strike. The government should come forward for an open debate on imposition of the LBT, the traders' body has demanded   Traders' body Confederation of All India Traders (CAIT) has...

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Moneylife Digital Team 10 May 2013
State Bank of India has admitted that a human error in setting parameter in its system led to deduction of income tax or TDS @40% for FY13 from accounts of its special term deposit holders. SBI is in the process rectifying the issue, but not all depositors will see their entries reversed as...

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India Post needs to overhaul its services and become more efficient than private couriers. When it reaches such a stage, private banks will then approach the government to seek permission to open branches attached to India Post offices   The deadline for submitting applications to the...

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Moneylife Digital Team 10 May 2013
People are losing interest in horse racing. In fact, the Royal Western India Turf Club is earning more money by leasing out the place rather than from racing. Do we really need this elite-reserved extravaganza when there are no open spaces left in the city for common people?   The...

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Moneylife Digital Team 10 May 2013
A senior citizen was made to run from pillar to post for refusing to pay a bribe of Rs20 for obtaining his service book. The CIC directed the PIO to pay a compensation for the harassment faced by the appellant. This is the 89th in a series of important judgements given by former Central...

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India is a heaven for black money and hawala transactions. However, we cannot afford to relax on this front. Need of the hour is to curb instances of money laundering to build a healthy financial system   The skeletons are coming out of the closet. A series of exposés by Cobrapost has...

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Moneylife Digital Team 10 May 2013
Indian sweet makers go overboard with artificial colouring. Rhodamine B, followed by Orange II and Metanil Yellow, were the two most common non-permitted or banned colours that were used, according to a study by Sumita Dixit   A study, conducted on milk-based sweets consumed in India...

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Moneylife Digital Team 09 May 2013
Nomura has reiterated a buy on the pharmaceutical company due to increased sales from India and US, as well as robust pipeline of ANDA pipeline that could boost Lupin’s future prospects Lupin has reported exemplary quarterly results, with 34.7% increase in consolidated net sales for the...

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Moneylife Digital Team 09 May 2013
A close below any previous day’s low on the Nifty will signal a reversal of the current upmove The Asian indices had a mixed opening while the benchmark back home opened marginally higher. Sensex opened at 20,016 while the Nifty opened at 6,078. It was only at the start of the trading...

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CAG had pulled up government insurance companies for incurring huge losses on group mediclaim. Even today, the premium can be low and there can be huge variation in two quotes received from the same insurer. Are insurers throwing risk to the wind? Insurance companies do not have the...

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Function and powers of the coal regulator need to be specific and clearly stated, in order to prevent disputes arising out of interpretation of the rules laid down It is gratifying to note the Supreme Court bench, headed Justice RM Lodha has issued orders to the government to come with a...

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Moneylife Digital Team 09 May 2013
Changes in consumer behaviour in the developed world will have implications on product development and marketing as well as the way consumers shop. Mid-market segment is expected to decline by 10 percentage points from current levels by 2017 The Research and Advisory division of Rabobank...

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Moneylife Digital Team 09 May 2013
Cobrapost has alleged that RBI is acting as a protector, and not as a regulator or enforcer. The RBI is loath to admit that there exists a massive money laundering racket in our financial institutions across the board, because if it were to admit, it would strip the RBI of its halo as a 'one...

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Moneylife Digital Team 09 May 2013
No, we are not talking about an offer from the German Bank. This is a new corporate bond scheme from Deutche Group, whose name resembles with Deutsche Bank AG, which promises lavish returns on its Facebook page. Savers are advised to ignore the scheme and stay away from the namesake

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Moneylife Digital Team 09 May 2013
Following a complaint under the RTI, the Horticulture department at MCD issued instruction to all the zones for carrying out inspection and keep registers of the work plan. This is the 88th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi...

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Christie Thompson (ProPublica) 09 May 2013
As Obama and the US drug czar roll out their 2013 plan, here is a look at what's in it, and what they have done so far When the Obama administration released its 2013 Drug Control Strategy recently, drug czar Gil Kerlikowske called it a “21st century” approach to drug policy. “It should...

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Moneylife Digital Team 08 May 2013
The company has delivered on the sales front but saw weak operating profit and benign net profit growth The net sales of Vinati Organics increased 20% for the quarter ended March 2013 over the same period last year. For the same quarter, operating profit grew 4% y-o-y to Rs37.46, after a...

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SBI General retail mediclaim offers differential premium based on your location, which is a growing trend. While the premiums are reasonable, the maximum cover offered is only Rs5 lakh. SBI bank and other bancassurance partners will be the lead channel for the sales SBI General health...

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