DAILY NEWS: OUR PICKS


Shampita Das 08 January 2014
A number of corporates have fraudulently raised money in the guise of 'deposits' thereby avoiding the taxation applicability. To curb such a practice, a retrospective amendment to Section 2 (22) (e) to the Income Tax Act can be expected to include 'deposits' within the purview of 'loans and...

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Moneylife Digital Team 08 January 2014
Ponzi schemes proliferated in 2013, not just in India but world over. In a global list, however, only two of the hundreds of Indian schemes figure. It’s not just in India; Ponzis proliferate in the US as well. According to Ponzitracker.com, a blog dedicated to public education and...

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Moneylife Digital Team 08 January 2014
Not one among the market experts could forecast the sizzling US stock rally of 2013. All were way off the mark, including Goldman Sachs, Merill Lynch, HSBC and Morgan Stanley All ‘market strategists’ got their year-end forecasts for the New Year wrong in 2013. But human beings will...

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The inflation differential between India and the West is 6%. What does this mean for the rupee and investing in Indian stocks? What stocks should you look for? The inflation differential between India and the West is around 6%. So, by a simplistic calculation, the Indian rupee should...

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The National Grid will smooth load flow with least amount of voltage fluctuation. This is likely to make power problems a thing of the past Almost 18 months ago, it may be recalled, that the whole of north, east and western India experienced a total power outage on 30th and 31 July 2012,...

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Which mutual fund schemes, of different categories, did well? And how would a lump-sum investment perform versus a systematic investment plan? Over the past three years, the Indian markets have moved sideways. While many investors, who had made lump-sum investment three years back, would...

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Nina Martin (ProPublica) 08 January 2014
As the long, angry fight over abortion roars on, Tracy Weitz, a researcher in California, has quietly worked to gather reliable facts about the procedure and the women who choose to have it. A ProPublica Q&A For the last decade or so, Tracy Weitz has been one of the most prominent...

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Moneylife Digital Team 07 January 2014
After former world billiards champion Michael Ferreira, Boman Irani is the second celebrity against whom a complaint has been filed in the Rs425 crore QNet scam The Economic Offences Wing (EOW) of the Mumbai Police has received a complaint against Bollywood actor Boman Irani and his son...

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What market players look for is clarity and familiarly. If they sense that post-election prospects have become unclear, market may weaken Markets are supposed to discount events months in advance. The recent market rally was supposed to be discounting the victory of Narendra Modi-led...

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Moneylife Digital Team 07 January 2014
Low margins but high return on capital Heritage Foods, based in Hyderabad, has three operating divisions: dairy, retailing business and agri & bakery division; dairy is the main business.  Heritage Foods, supposedly controlled by the politician N Chandrababu Naidu, is among the top...

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Nivedita Shankar 07 January 2014
Gold investment schemes are completely unregulated. In this scenario, the lingering question is what if the company or jeweler goes into liquidation? Will the investors’ money ever be returned? The spurt of gold investment schemes has grabbed the attention of many. The gold investment...

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The arrivals of Air Asia and Tata-Singapore Airlines could make air travel affordable, especially to tier-II cities In the next few months, Air Asia India is expected to commence its airline operations with five aircrafts. As a budget airline, though it has not yet finally announced the...

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Moneylife Digital Team 07 January 2014
Cindrella Hotel’s stock price rose by 279% in little over a year. How? Cindrella Hotels (Rs49) Cindrella Hotels, which is suppsoedly into hospitality, runs a four-star facility hotel—The Cindrella Hotel—in Siliguri. BSE found that the company had failed to disclose its shareholding...

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IRDA comes up with new guidelines on traditional products. Watch out for insurance cover and returns Life insurance guidelines by Insurance Regulatory and Development Authority (IRDA) on traditional products will help the insured due to lower agent commission, better surrender value and...

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How assured is Religare’s Assure plan? Religare Health Insurance has launched critical illness and personal accident plan called ‘Assure’ which offers a high sum insured of up to Rs1 crore along with an annual health check-up for the insured member. Moreover, its ‘zero day survival...

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India Insure Employee Benefits Insurance Report 2013 highlights interesting facts on Health Insurance Sector, covers 21 industries. India Insure Employee Benefits Insurance Report 2013 is based on a national survey across 244 companies of varied employee strength spanning 21 industries....

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Tracy Weber  and   Charles Ornstein (ProPublica) 07 January 2014
The action by US Medicare follows ProPublica's investigative series detailing inappropriate and wasteful prescribing, fraud in the nation's biggest prescription drug program Medicare plans to arm itself with broad new powers to better control — and potentially ban — doctors engaged in...

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Moneylife Digital Team 06 January 2014
Education, health and personal care category continue to lead with the highest number of complaints received by ASCI during October 2013.  There are some particular misleading ads which have sizeable number of complaints against them, the Council said in a release The Consumer Complaints...

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Morgan Stanley Mutual Fund’s exit says a lot about India’s regulatory regime, as much as about the fund companies Given the fanfare that marked the Morgan Stanley India Growth Fund’s arrival in India, in January 1994, its decision to throw in the towel exactly 20 years later, by selling...

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Just one major IPO took place in 2013. Instead of working on reviving investor confidence and protecting them, SEBI plans to reduce disclosure—in a disclosure-based regime—to boost IPO interest. I f Morgan Stanley’s exit reflects disenchantment with the mutual fund industry, then...

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