DAILY NEWS: OUR PICKS


Moneylife Digital Team 29 March 2013
As per World Steel Dynamics, inventory restocking should continue in China on a broader level as 2012 saw a large destocking of inventory which is still getting replenished The Chinese crude steel production momentum remains strong since October 2012 and has grown in double digits for...

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Bruce Schneier 29 March 2013
Maintaining privacy on the Internet is nearly impossible. We consumers have no choice in the matter. All the major companies that provide us with Internet services are interested in tracking us I am going to start with three data points.   One: Some of the Chinese military hackers...

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Moneylife Digital Team 28 March 2013
Apart from an agency created by merging SEBI, FMC, IRDA and PFRDA, there should be six other agencies in the financial system including three new ones, suggests the FSLRC   The Financial Sector Legislative Reforms Commission (FSLRC) has recommended creating a unified financial...

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Moneylife Digital Team 28 March 2013
The board, on 15 March 2011, unanimously shortlisted five candidates for the post of DG of DD and AIR. However, within eight days, the board members were ‘asked’ by the I&B ministry to convey their order of 'preferences' While the Union government always keep saying that Prasar Bharati,...

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Moneylife Digital Team 28 March 2013
The 46-member team that probed the 26/11 Mumbai terror has been awarded a paltry sum of Rs6.58 lakh and that too after four years, by the Maharashtra government The 46-member team of the Mumbai crime branch that probed the 26/11 terror attack has finally been awarded Rs6.58 lakh by the...

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Moneylife Digital Team 28 March 2013
The Nifty should make a higher low and stay well above 5,670 for upmove to gain strength   A splendid recovery in post-noon trade, supported by buying in metal, capital goods and consumer durables sectors, helped the market settle in the green and in the positive for the second day in a...

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Diversification is just a means to create a portfolio which is expected to provide good returns as well as reduce risk. However, diversification does not guarantee successful achievement of investment objectives Diversification is a much talked about subject in finance. Right from our...

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When US-based SEC can demand change of auditors or re-audit, why can not the Indian stakeholders and/or regulators do the same with greater vigour? Three independent adverse press reports have recently appeared on three big names in the Indian corporate world—State Bank of India (SBI),...

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Moneylife Digital Team 28 March 2013
An RTI application led to proper re-examination of the actions of the Food and Supplies Department of the GNCTD in allotting licenses for kerosene oil depots. This is the 65th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used...

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The Cyprus shock gives us an opportunity to trim our ambitions and tailor our projects and programmes in such a way as to harmonise them with resource availability. Taking a lesson, Kerala should also review its half-baked investment ideas that are being pushed through by the neo-rich and...

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Krishna Iyer 28 March 2013
There is a clear need to reduce the subsidy provided to different classes of vehicles at the point of consumption rather that at the time of purchase Problem Statement   Government finances are troubled.  Subsidy burden is proving a drag on the overall fiscal situation.  Fuel subsidy...

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Moneylife Digital Team 26 March 2013
SEBI while asking the Sarafs of Zenith Infotech to provide a bank guarantee of $34 million, said the promoters and directors of the company have in a devious manner attempted to take away assets of a listed company, directly and indirectly, for their own benefit causing loss to shareholders

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Moneylife Digital Team 26 March 2013
The cash segment is possibly the most important part of equities market. However, SEBI and BSE are paying less attention to it The Securities and Exchange Board of India (SEBI)’s recent directive for opening a separate trading window for the so-called ‘illiquid’ shares may reduce the...

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Moneylife Digital Team 26 March 2013
If a public authority does not obtain the information which the law expects it to have routinely, the reason for its existence becomes suspect, said the CIC. This is the 64th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used...

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Moneylife Digital Team 26 March 2013
Scope for the RBI to ease rates is “quite limited”, point out Nomura Economics Research analysts Nomura Economics Research expects a 25bps (basis points) rate cut in Q2 of 2013 from the RBI (Reserve Bank of India) and then rates to remain on hold for some time. Based on Nomura’s...

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Moneylife Digital Team 26 March 2013
The Securities Appellate Tribunal (SAT) on Tuesday adjourned its hearing in the Securities and Board of India (SEBI) and Sahara case to 13th April.   In an order, the SAT said, hearing of the appeal filed by Sahara Group chief Subrata Roy would be taken up along with appeals filed by...

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Moneylife Digital Team 26 March 2013
For Nifty to rally, it should hold above today’s low of 5,612 and close above 5,665 The Indian market managed to snap its seven-day losing streak and settle marginally higher on support from consumer durables and fast moving consumer goods sectors. For Nifty to rally, it should hold...

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Moneylife Digital Team 26 March 2013
Advocate and former bureaucrat Abha Singh requested Maharashtra governor K Sankaranarayanan to ignore the pardon request made by Justice Katju for the Bollywood star Advocate and former bureaucrat Abha Singh has moved the Maharashtra governor K Sankaranarayanan to ignore the pardon...

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Kishore Biyani, who calls himself as “creator and destroyer”, has hived off yet one more of his non-core businesses. Soon he may re-focus on the retail world, from where he started Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday signed a non-binding term sheet...

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Moneylife Digital Team 26 March 2013
Rising royalty on their Indian operations will remain an overhang for the stocks of foreign consumer companies The Indian consumer sector is a long-term growth opportunity led by growing incomes and increasing propensity to spend. It is dominated by foreign consumer companies which have...

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