DAILY NEWS: OUR PICKS


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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Moneylife Digital Team 26 March 2013
Economic momentum has decelerated sharply at a time of weak external demand and limited monetary or fiscal stimulus, says Nomura Economics Research in its report on the Indian economy India’s non-agriculture GDP (gross domestic product) growth fell to 5.2% year-on-year in Q4 2012 from...

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Moneylife Digital Team 25 March 2013
While recognising the significant role played by NBFCs in providing finance, the Working Group of FSLRC said deposit-taking NBFCs must obtain a license to operate as a bank so that it would fall within the regulatory purview of the banking regulator   The Working Group (WG) set up by...

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Moneylife Digital Team 25 March 2013
SEBI’s new regulation on illiquid stocks will have an adverse impact on equity markets in India and could alienate current and future investors Illiquidity in many micro- and small-cap stocks has always been of a serious concern to the small Indian investor and is one of the reasons why...

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Moneylife Digital Team 25 March 2013
Some of the government websites used for collecting online payments from citizens do not have a proper security certificate verified by a trusted third party. Yet, it asks for an undertaking that would hold the user responsible for any misuse of the portal! Following recurring incidents...

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Peyush Rai 25 March 2013
Peyush Rai, who had to endure the agony of the red tape, narrates his story in which he was asked to pay bribes and made to hop all over the place. He had applied for a passport online, serviced by a system maintained by TCS, but discovered that it online system isn’t free of corruption and...

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Moneylife Digital Team 25 March 2013
The regulator’s new rule to create colour codes for mutual funds schemes would achieve nothing simply because investment outcome is binary (profit or loss) and making profit depends significantly on the method of investment, including timing and somewhat on selection. It has nothing to do...

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