DAILY NEWS: OUR PICKS


Moneylife Digital Team 15 April 2013
There were just two months in FY12-13 where equity mutual fund scheme inflows were positive. Heavy outflows over the previous months led to the highest outflows for a particular financial year After nine months of consecutive net outflows, equity mutual fund witness a positive net inflow...

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Will SEBI-RBI Protect this Investor? I n direct contrast to SEBI’s enthusiasm in the attempted-fraud, is the case of ML Sharma, a victim of gross mis-selling by his own bank. Mr Sharma’s manager at IndusInd Bank (Delhi) persuaded the 79-year old to invest Rs4 lakh in the product of a...

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Moneylife Digital Team 15 April 2013
Has ED Ajay Gupta quit? Is there something going on in Commercial Engineers & Body Builders Co (CEBBCO) that the public and shareholders do not know about? After Moneylife’s write up on CEBBCO’s sharp fall in stock price (CEBBCO, promoted heavily by several broking firms including Enam,...

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Moneylife Digital Team 13 April 2013
Moneylife Foundation invited Advocate Bapoo Malcolm explain to a packed house of over 80 attendants the practical aspects of preparing a will. Over the course of the interactive two-hour session, which mostly consisted of participants asking a string of questions, Mr Malcolm covered...

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Moneylife Digital Team 12 April 2013
A new report released by Credit Suisse has revealed that roads and railways are likely to drive up demand for cement, albeit at a gradual pace over the next 12 months Indian cement sector is poised to pick up, albeit gradually during FY 2014 and it is expected that the the next 12 months...

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The Delhi High Court, while giving its judgement on the problems encountered by the public in the matter of assessment of tax, said, “Rejection of TDS or failure to get credit for TDS puts the tax payer through needless harassment, inconvenience and costs. The problem, being systematic and...

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Moneylife Digital Team 12 April 2013
Nomura Equity Research, in its earnings preview for the financial sector, has forecast a 22.3% y-o-y PAT growth for private banks and a negative 13% growth y-o-y for PSU banks in the fourth quarter of the 2012-13 fiscal Nomura Equity Research, in its earnings preview for the financial...

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Moneylife Digital Team 12 April 2013
Thousands of under trials, who have completed 50% of their maximum prison term, would get a major relief thanks to the activism of Shailesh Gandhi, former central information commissioner In a significant order, the Maharashtra state chief information commission (SCIC) has directed...

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Not so long ago Kolkata and Srinagar that witnessed many infant deaths and the authorities merely ordered enquiries whose reports are suppressed. This should not be allowed to happen to the heart-lung machines of Mumbai’s KEM Hospital   The tabloid Mumbai Mirror, belonging to the...

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Moneylife Digital Team 12 April 2013
The DDA extended the validity of the building plan of a hospital, unknowingly accepting its authority over that area and was thus responsible to provide information under the RTI Act. This is the 72nd in a series of important judgements given by former Central Information Commissioner...

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Moneylife Digital Team 12 April 2013
Despite several reminders, eight MPs have still not declared their assets mandated under the Parliamentary Rules. In addition, the Committee on Ethics does not favour publishing the details of MPs on the website Eight members of Parliament (MPs), including Ajay Sancheti (close associate...

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Cora Currier (ProPublica) 12 April 2013
Defense attorneys for men accused of terrorism before military commissions at Guantanamo Bay believe their email communications have been searched and even tampered with The long-troubled military trials at Guantanamo Bay were hit by revelations earlier this year that a secret censor had...

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Moneylife Digital Team 10 April 2013
BSE Sensex today hit lowest levels since the finance minister announced his reform measures on the 14th September 2012. What exactly happened between September 2012 and now? Today the Bombay Stock Exchange’s (BSE) 30-share Sensex hit a low of 18173. On 14 September 2012 when finance...

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Moneylife Digital Team 10 April 2013
The Sahara group chief and three others made a personal appearance before SEBI. However, Mr Roy continued his tirade saying that the market regulator was more worried about his personal assets than refunding the money to investors of Sahara   Sahara group chief Subrata Roy and three...

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Moneylife Digital Team 10 April 2013
A three-year close-ended scheme investing in a diversified basket of stocks. What are the risks? IDFC has recently launched a three-year close ended scheme—IDFC Equity Opportunity-Series I. The scheme would invest 65%-100% of its portfolio in equities and the remaining part of the...

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The finance ministry and FSLRC, in a hurry to resolve minor issues, perhaps ignored the evolution of the role of RBI and the care with which RBI has nurtured the financial sector. Time is not right for dismantling or truncating the RBI which is doing creditably well as is being admitted in...

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Moneylife Digital Team 10 April 2013
The CIC upheld the PIO's claim for exemption since the ESIC department was investigating the total liability of the appellant's unit. This is the 71st in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI...

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Moneylife Digital Team 10 April 2013
According to Nomura, one of the key triggers for Diageo in India will be a reduction in the import duty on imported scotch. One of the most immediate benefits for United Spirits’ shareholders is the potential capital infusion helping to reduce the debt and improve both the profit & loss and...

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Moneylife Digital Team 10 April 2013
Financial health of companies in the oil and gas sector is under a cloud. Will the government help out, asks Nomura Nomura Equity Research, in its fourth quarter earnings preview for the Indian oil & gas sector believes that upstream public sector units (PSUs) are expected to report weak...

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Lois Beckett (ProPublica) 10 April 2013
The 2012 Obama campaign set the bar for the use of voter data. The Republicans aren't interested in being beaten again The Republicans have admitted it: They need to get serious about collecting and analyzing voter data.   Well, you can't get much more serious than talking to...

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