DAILY NEWS: OUR PICKS


Jeff Larson  and   Mike Tigas (ProPublica) 11 August 2014
Software created by the controversial UK based Gamma Group International was used to spy on computers that appear to be located in the US   Software created by the controversial U.K. based Gamma Group International was used to spy on computers that appear to be located in the United...

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Moneylife Digital Team 11 August 2014
To help attract greater foreign and domestic investments into real estate and infrastructure, market regulator SEBI has cleared final guidelines for creation and listing of trusts, REITs and InvITs for these key sectors   Market regulator Securities and Exchange Board of India (SEBI)...

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How can a country that is growing at 7.5% find that its basic industries are collapsing?   Last week, I saw the most interesting statistic about China in the Chinese press. The statistic was that 20 out of the 36 largest coal mining companies were losing money. Out of the 20, nine...

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There are excellent opportunities for setting up urea plants in Myanmar. This would help Myanmar to increase its agricultural production and also help India, as the agreed balance of urea could be shipped back to India   India's External Affairs Minister, Sushma Swaraj is on a visit...

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RBI has replaced the 5:95 model with 15:85. Can something be done to retain the current cost structure for ARCs and mitigate the management-fee driven model? Here are the options   Stung by the aggressive management-fee based model adopted by Asset Reconstruction Companies (ARC),...

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Akash Karmarkar 08 August 2014
While Bitcoin investors have been quick to revolt against regulations, the system reeks of a lack of transparency and Bitcoins have exhibited a characteristic typical of a highly speculative market   Bitcoin is a highly speculative and unregulated virtual instrument, which has been...

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Anand Desai 08 August 2014
Can War Teach Us To Do Business?   Essential on War for Business, edited by Pritsikha Anil and extracted from the writing of the Prussian General Carl von Clausewitz, offers to bring the “key lessons from the battlefield needed to succeed in the twenty-first-century world of...

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New age idea about that age-old challenge - sales   The Daniel Pink was once a scriptwriter for Al Gore, the US presidential hopeful in 2000. He has since become a business guru; his books investigate the importance of emotion and psychology in business. Three of his books have been...

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Debt schemes are supposed to have turned unattractive after capital gains tax rules were changed in the Union Budget. Are you sure? Surprising answers inside   Over the past few years, fund houses have been heavily promoting debt products, like income schemes, fixed maturity plans...

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Will the experiment of handling large NPAs through a new entity, National Asset Management Company -NAMC, succeed? The slow legal process and low accountability at all levels are big hurdles   The proposed National Asset Management Company (NAMC) is expected to take over large...

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Moneylife Digital Team 08 August 2014
ASCI upheld 121 of the 140 complaints it received in May, ads that were banned included those promising to cure baldness, removal of unwanted hair, kidney stones without surgery, A+++ ratings for colleges and the usual surrogate alcohol ad. If only, some of them were true   The...

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Queency Raichada 07 August 2014
Prerana is a path-breaking initiative to show the red light to Mumbai’s red-light areas, says Queency Raichada   ‘Prerana’ means inspiration in Hindi and Sanskrit. It is also the name of a Mumbai-based non-profit organisation which works against human trafficking. Children born...

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Moneylife Digital Team 07 August 2014
Over the past year, the stock price of PMC Fincorp shot up by a whopping 1122% or  12 times   Earlier known as Priti Mercantile Company, the company changed its name to PMC Fincorp on 8 May 2014 and has its corporate office in Kanpur (Uttar Pradesh). PMC Fincorp’s annual report for...

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Moneylife Digital Team 07 August 2014
The Modi government wants to revive manufacturing. This will help well-managed   firms like  Morganite   Morganite Crucible (India) Ltd—MCIL—manufactures crucibles and foundry products which are used by non-ferrous metal companies. Its products are used for providing melting solutions...

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Moneylife Digital Team 07 August 2014
Have QNet team leaders misled the Mumbai Sessions Court by submitting a fake document along with their bail application? The Economic Offences Wing has made this sensational disclosure. The police official, whose signature is on the document has also denied having prepared or signed...

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Moneylife Digital Team 07 August 2014
Equity mutual funds reported a net inflow of Rs10,945 crore during July 2014, the highest net inflow in six and a half years   Equity mutual fund schemes seemed to have turned highly attractive for savers over the past few months. On the third consecutive month of net equity fund...

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Kim Barker (ProPublica) 07 August 2014
Move America Forward has collected millions to send care packages to US troops. But its appeals often rely on images and stories borrowed without permission, and its assets have been used to benefit political consulting firms and PACs   This story was co-published with The Daily...

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With gross NPA levels of Rs2.17 lakh crore in March 2014 and a restructured portfolio of Rs3.30 lakh crore, of which a lot will become NPAs, banks will continue to sell NPAs to the ARCs.   Internationally, the bankruptcy codes and effective legal mechanisms ensure speedy disposal of...

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Spending Rs11,200 crore on buyback will only create a temporary bump in prices which will be used by some for exit. Infosys has to think about shareholders who would stay with the company post buyback.   Infosys is in the news and for a novel reason this time. After experiencing...

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Moneylife Digital Team 06 August 2014
Women in India are vulnerable because they remain in the background when important financial decisions are concerned, but they must take charge and they may even be much better than men at making such decisions In continuing the tradition of educating women about their financial needs...

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