DAILY NEWS: OUR PICKS


Promoters like Pramod Mittal exemplify how banks and RBI allow Indian industrialists to get away easily The Reserve Bank of India (RBI) frowns on bad loans; the All-India Bank Employees Union (AIBEA) says deliberate defaults are weakening banks. But, we, the ordinary people, find it hard...

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Moneylife Digital Team 24 December 2013
While most people know about bank fixed deposits, there is a lack of awareness on floating rate deposits. Also find out what are the top-rated corporate bonds While bank fixed deposits (FDs) are popular and simple, there is lack of awareness about floating rate term deposits (FRTDs)...

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Divya B Malcolm 24 December 2013
If you are married the traditional way, but plan to go overseas, make sure your marriage is registered. And in order to do that you need to know the law and its intricacies A long, long time ago, a young damsel met her prince charming, an army officer. They got married, had children, and...

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Since commodities are cyclical in nature, one must aim to buy these stocks at, or below, replacement cost which gives us some margin of safety While choosing to invest in companies that manufacture commodities, like cement, steel, paper, sugar, chemicals, etc, not much effort is needed....

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RBI introduced polymer notes of Rs10 denomination in select cities in India. But most of the counterfeit currency notes in circulation are in higher denominations of Rs500 and Rs1,000 More than 25 countries in the world have successfully introduced polymer currency notes which are at...

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Chandragupta Acharya 24 December 2013
Simplifying legal and procedural hurdles in completing a housing project and eliminating corruption will do far more to address housing shortage in the city than redeveloping clusters The Maharashtra government has ‘in principle’ accepted the revised recommendations of a study group on...

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Joaquin Sapien  and   Hanna Trudo (ProPublica) 24 December 2013
Three decades after 6-year-old Etan Patz disappeared, police suddenly had a suspect. Then they chose not to record his interrogation, a decision that could affect their case A version of this story was co-produced with WNYC. Listen to it here.   Shortly after 7 a.m. on May 23,...

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Moneylife Digital Team 23 December 2013
HDFC Mutual Fund recently announced the acquisition of the schemes of Morgan Stanley Mutual Fund   HDFC Mutual Fund today announced the signing of a definitive agreement for it to acquire all the eight schemes of Morgan Stanley Mutual Fund in India. Morgan Stanley has been into the...

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A complex interplay of macro factors is making Sensex, Nifty move erratically, especially after the US Federal Reserve has decided to taper its bond-buying programme So, the US Federal Reserve (the Fed) has pulled the trigger on tapering. After experimenting with injecting large dollops...

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The Devyani Khobragade row appears to be a motivated act ahead of a verdict of the US District Court pointing out the unconstitutionality of NSA program of indiscriminately collecting electronic data In the context of the current row between governments of the US and India, did our...

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Moneylife Digital Team 23 December 2013
In a surprise move, SEBI has changed the rules of its controversial and harebrained PCAS system. It seems to have realised its folly, and has now excluded profitable companies from the ambit The Securities & Exchange Board of India (SEBI) seems to have woken up to its poor decision...

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Coal India’s move to review dividend, buy-back arrangement and a stake sale was not conclusive as the same has been postponed to February, due to a strike threat by the workers’ union India boasts 7% proven global reserves of coal, estimated at 60 billlion tonnes, and Coal India Ltd...

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Lena Groeger (ProPublica) 23 December 2013
How long you wait at the emergency room-ER matters a lot. ProPublica’s new interactive news application lets reader in the US see travel and wait times at hospital ERs near them Some medical conditions require and receive immediate care. People who are having heart attacks or who have...

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Centralised systems have done everything possible to pursue stability at all costs increasing the probability of a large failure. Like the Fed, the Chinese have tried to stabilize their system and now may have to pay the costs Well, it finally happened. After over seven months of...

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Moneylife Digital Team 23 December 2013
Vesuvius’s technological strength has helped it beat the sluggish growth of the steel sector “Our commitment to technology and quality is the basis for our competitive advantage,” claims Vesuvius India Limited, in its latest annual report. This is the basis of the healthy average...

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Moneylife Digital Team 23 December 2013
Regulators sleeping in their ivory towers, the company’s share price has rocketed a humungous 270% between 17 January 2013 and 6 December 2013, from Rs11 to Rs40.65. According to the BSE’s website, Kailash Auto is supposedly into ‘miscellaneous commercial services’ whatever that means....

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Moneylife Digital Team 21 December 2013
Deccan Chronicle Holding concealed several facts like its status as newspaper publisher, links with IPL team, criminal cases against its chairman and action taken by lenders under SARFAESI Act, which resulted in BIFR rejecting its appeal Deccan Chronicle Holdings Ltd (DCHL), the...

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TruthInAdvertising.org 20 December 2013
Law enforcement agencies seized 706 domain names that were selling fake products like headphones, sports jerseys, personal care products, shoes, toys, luxury goods, cell phones and electronic accessories In an effort to crack down on counterfeit merchandise, the US Immigration and...

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Moneylife Digital Team 20 December 2013
As per the Supreme Court's interim order, no one can insist of Aadhaar for any government schemes like ration card, bank account, cash transfer, issue of LPG subsidies and if it is done, it is contempt of court   Despite clear directions from the Supreme Court not to make Aadhaar...

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For the time being, until the new wells start gushing out the gas, we have no alternative but to continue our dependence on imports Although systems are in place for continuous exchange of information on actual production of natural gas on a daily basis, the fall in production, and...

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