DAILY NEWS: OUR PICKS


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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



Moneylife Digital Team 25 March 2013
The PIO of Food and Supplies Department refused to provide information about rations cards without claiming any exemption under the RTI Act. This is the 63rd in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an...

Read More



Moneylife Digital Team 25 March 2013
In a stinging response to RBI deputy governor Dr Chakrabarty's shocking and sweeping denial of a money-laundering scam, Cobrapost points out that as signatory to Financial Action Task Force on Money Laundering, India and the RBI have a treaty obligations to block precisely the kind of dubious...

Read More



We may have to wait till RBI makes known its monetary policy stance for 2013-14 sometime in April-May, 2013. Till then interest rates may continue at the present level, as no bank has committed to lower the base rate even after a week of the announcement of the mid-quarter monetary policy...

Read More



Moneylife Digital Team 23 March 2013
If Nifty closes above 5,690 it may target 5,825   The Indian market closed in the negative for second week in a row, this time on political developments and concerns about further rate cuts raised by Reserve Bank of India (RBI) in its mid-quarter policy review earlier this week. The...

Read More



Moneylife Digital Team 23 March 2013
The Gujarat High Court has directed the Ahmedabad Municipal Corporation to investigate continued sale of plastic bags in shops despite a directive to charge for plastic bags which expired in April 2012. Some retailers are now even making consumers pay for paper bags which also violates norms

Read More



Jeff Gerth (ProPublica) 23 March 2013
A jury awarded $5 million to a patient and his wife after it found GE Healthcare did not adequately warn patients and doctors about the risk of its imaging dye, Omniscan. It was the first case involving the dye to go to trial In a setback for GE Healthcare, a jury on Friday found that...

Read More



There is sufficient evidence where bank relationship managers emerge out of clients’ residences with suitcases full of currency notes counted on the bank’s notes counting machines. What more evidence is the RBI waiting for? Reserve Bank of India (RBI) deputy governor Dr KC Chakrabarty’s...

Read More



One of the key risks posed by the bank subsidiary model is that the parent bank is directly exposed to the functioning of various subsidiaries and any losses incurred by the subsidiaries inevitably affect the bank balance sheets. Such risks can be mitigated largely by the FHC structure, the...

Read More



Moneylife Digital Team 22 March 2013
Nifty is oversold and will rally next week once it closes above 5,690 The market settled in the red on global concerns and domestic political worries, making it the sixth consecutive closing in the negative and the lowest closing since 26 November 2012.   The Nifty is oversold and...

Read More



Moneylife Digital Team 22 March 2013
Electronic postal order is a big achievement for Indian citizens abroad who have been pressing the government for the last five years to facilitate them in nation building by exercising their right to know The Postal department (DoP) has launched Indian postal order in electronic format...

Read More



Moneylife Digital Team 22 March 2013
When online payments are expanding at a phenomenally high growth rate of 30% every year, does it need the “artificial push” from the banking regulator? And that too at the cost of the banking public, majority of which is still dependent on the chequebook system? The Reserve Bank of...

Read More



Moneylife Digital Team 22 March 2013
While the UIDAI has maintained Aadhaar is voluntary, why then people are being threatened that they cannot access any services or benefits unless they enrol for the UID scheme, the PIL says   The Bombay High Court today directed the Unique Identification Authority of India (UIDAI) and...

Read More

Free Helpline
Legal Credit
Feedback