DAILY NEWS: OUR PICKS


No need for more exposures as of now. What the common man is waiting for is a change that would reduce corrupt practices and infuse a semblance of ethical behaviour, on the part of individuals and organisations handling public funds, on which, in reality, they have only trusteeship...

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Call log records procured under RTI by Vinita Kamte show callous handling of the police control room during 26/11 terrorist attack on Mumbai by the then joint commissioner, Rakesh Maria. However, Ram Gopal Varma’s movie “The Attacks of 26/11” tries to justify Maria’s inefficiency and boost...

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The story of one man’s passion to create libraries around the world   Some 780 million people in this world cannot read; two-thirds of this non-literate population comprise women. It moved John Wood to leave a lucrative job in Microsoft to pursue a dream of providing literacy and...

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Unlike most value investing books, this one is set in the Asian context, particularly the Singapore market. Although there is no mention of Indian markets, it is useful to understand investing in Asian markets   The title might sound like a misnomer—how can one be a ‘value’ investor...

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Aditya Govindaraj writes about a unique non-government organisation that tracks governance & transparency issues for the common man   While the popular media keep ordinary citizens informed about headline-making events, scandals and governance issues, we, the people, know so little...

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Moneylife Digital Team 17 May 2013
Most companies are yet to increase their public holding to the requisite level (25%) and compliance before 3rd June for companies (PSUs have to do it by August) is surely impossible. Probably they do not care at all about the SEBI diktat   Most companies are yet to increase their free...

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Moneylife Digital Team 17 May 2013
Nifty is currently in a highly overbought zone. Only a close below any previous day’s low may threaten the upmove   A recovery in late trade with support from power, capital goods and realty stocks helped the market recover from its lows. However, caution from ratings company...

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Moneylife Digital Team 17 May 2013
Delhi is also famous as a cremation ground and subsequent memorial places for top political leaders. However, there exists a semi-VIP class in the capital, created by the babus at the crematorium ground for themselves and other privileged people On Thursday, the Union Cabinet gave its...

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Moneylife Digital Team 17 May 2013
Traded value of gold ETFs on the National Stock Exchange hardly rose on Akshaya Tritiya. Besides, last month Rs36 crore went out of gold ETFs On the occasion of Akshaya Tritiya, an auspicious day for buying gold, the National Stock Exchange (NSE) recorded a traded value of Rs691 crore in...

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Moneylife Digital Team 17 May 2013
A CPI(M) leader from Kolhapur has alleged that 59,000 investors in Kolhapur have lost money in LIC ULIPs. Agents had created a rosy picture of almost doubling the money in five years. CVC has forwarded the issues to CVO of LIC. Is the lack of understanding about ULIPs to be blamed?

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Christie Thompson (ProPublica) 17 May 2013
A new Pentagon report says 26,000 service members were sexually assaulted in 2012. For context, we have rounded up some of the best journalism on sexual assault in the US armed forces The Pentagon announced this week that a sergeant working in the military’s sexual assault prevention...

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Moneylife Digital Team 17 May 2013
Promoters of Richa Industries are trying to take advantage of its low share price by making a preferential allotment to certain chosen entities. This will leave minority shareholders of the textile company in the lurch. Will the market regulator act? Richa Industries has decided to issue...

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Moneylife Digital Team 17 May 2013
The PIO sent a compliance report to the CIC, however, full information was not made available as per the obligation under Section 4 of the RTI Act. This is the 94th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted...

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K Saldanha 17 May 2013
Our in-depth analysis exposes the seamy side of timeshare while our survey of 450 people showed huge dissatisfaction   Club Mahindra and Sterling Holidays control the majority of the small, but growing, timeshare business in India. But there are plenty of others promising you grand...

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Moneylife Digital Team 16 May 2013
Nifty has to stay above previous day’s low to keep the uptrend intact   The markets ended with minor gains on profit taking and weak cues from its European counterparts. The Nifty to stay above the previous day’s low to keep the uptrend intact. The National Stock Exchange (NSE)...

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FIIs usually put in their highest investments near the market peaks and are usually found to be chasing both market rallies. Do they at least steel their nerves and buy during market declines? Not quite. Here is some evidence over the last five years On 9th April, the Sensex hit...

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Moneylife Digital Team 16 May 2013
If Aadhaar is not mandatory and the customer does not want a LPG cylinder at the subsidised rate, then why did this distributor of Bharat Gas in Hyderabad block his name? A consumer is entitled to receive nine liquefied petroleum gas (LPG) cylinders per family per year under the...

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Paul Kiel (ProPublica)  and   Mitchell Hartman (Marketplace) 16 May 2013
A federal law is supposed to protect service members from predatory lending. But lenders exploit loopholes, trapping military personnel in high-interest debt This story was co-produced with Marketplace. Listen to their coverage. Seven years after Congress banned payday-loan...

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Dr SD Israni 16 May 2013
Can a lender forcibly take a vehicle to recover money? Citicorp violated this but was fined a pittance by NCDRC Many aspire to own a vehicle and enjoy the comforts of private transport. The task of purchasing vehicles has been simplified, to a large extent, by financial institutions that...

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Moneylife Digital Team 16 May 2013
COMEDK, the front of dental, medical and engineering colleges in Karnataka, refused to refund deposits taken from students. AICTE said it cannot take action against the front and was seeking legal opinion, which it was asked to share with the applicant. This is the 93rd in a series of...

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