DAILY NEWS: OUR PICKS


Moneylife Digital Team 01 March 2013
Dynamic schemes are allowed to move between 0%-100% in cash. Many of them don’t have the skills and courage to make full use of the flexibility and have delivered average performance. Would the new scheme from ING Mutual Fund deliver, especially since its ING Asset Allocator Multi Manager FoF...

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Dr SD Israni 28 February 2013
The amended Companies Bill tightens the noose for companies that default on interest and principal repayment For many years, thousands of small investors suffered when many unscrupulous companies failed to service their depositors—by failing to make interest payments or even repaying the...

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Moneylife Digital Team 28 February 2013
Key Features of Budget 2013-2014   DIRECT TAXES • Little room to give away tax revenues or raise tax rates in a constrained economy. • No case to revise either the slabs or the rates of Personal Income Tax. Even a moderate increase in the threshold exemption will...

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Bureaucratic tapism in the form official correspondence between the home ministry and the defence ministry led to a delay in sending army troops to quell violence is clear from the RTI query. The information which was denied under “classified information” was later...

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Moneylife Digital Team 27 February 2013
Edelweiss conducted a survey to gauge the market sentiment on Budget Day. Majority of the respondents seem to be optimistic.   As always, market participants are eager to gauge the prevailing sentiment as well as expectations on the Budget Day. For this purpose, Edelweiss conducted a...

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Over the past 12 months, ICICIdirect kept a ‘buy’ rating on Opto Circuits with unbelievable target prices even as two other major brokers were cautious and the stock was tumbling because of extremely stretched balance sheet. And when ICRA suspended its debt rating, Crisil lent its support

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Moneylife Digital Team 27 February 2013
Rapid change in food consumption habits in India has spurred domestic and foreign quick service restaurant (QSR) chains to implement aggressive expansion plans. According to a Rabobank report, this growth is set to accelerate “QSRs (Quick Service Restaurants) will be a double-digit...

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The quality of inflight meals aboard Indian airlines have drastically come down while the Indian Railways seems to be going from strength to strength. It is time for a rethink in the way airlines serve flyers So, how many of us remember the meals on domestic flights within India, which...

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Moneylife Digital Team 27 February 2013
The Survey calls for widening of the tax base and prioritisation of expenditures. It also recommends increasing diesel and LPG prices, in line with prevailing international prices. It looks as if Chidambaram would present a fiscally prudent Budget tomorrow, says Nomura The Economic...

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Moneylife Digital Team 27 February 2013
According to the proxy voting advisory, there are not enough disclosures by the Piramals on promoter group entities and related party transactions and the rationale can also be achieved through inter-se transfer instead of the merger Bengaluru-based InGovern Research Services has advised...

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Moneylife Digital Team 27 February 2013
Despite orders from the apex court, various departments in the Delhi government were found passing the issue of unauthorised industries to one another in order to avoid the responsibility. This is the 49th in a series of important judgements given by former Central Information Commissioner...

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Cora Currier  and   Justin Elliott (ProPublica) 27 February 2013
The focus on the targeting of American citizens overlooks "signature strikes," in which drone operators fire on people whose identities they do not know based on evidence of suspicious behaviour or other "signatures” The nomination of John Brennan to be CIA director has prompted intense...

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Moneylife Digital Team 26 February 2013
The Nifty may be readying for a short bounce but the trend is medium sharply lower, unless the budget can pull off a miracle   The market dropped over 1.5% in trade today on broad-based selling and negative global cues. The lacklustre Railway Budget also pulled down the broader...

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Moneylife Digital Team 26 February 2013
One of the key indicators of prosperity—salary—indicates that the future is not all that bright and it could get worse. Nomura thinks GDP will not pick up anytime soon Salary is one of the important yet often ignored economic growth indicator. It is believed, according to Nomura, that...

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Rajeev Sawhney, who is fighting a bruising battle with H&M over the takeover of Vmoksha, alleges that the ratings agency did not look into the pending criminal case against the chairman and MD of H&M before assigning its highest rating. How independent is CRISIL’s grading of H&S? In a...

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Moneylife Digital Team 26 February 2013
The much talked about Railway Budget, presented two days ahead of the Union budget, has turned out to be largely a non-event. While sparing passengers from another hike within a month, Pawan Kumar Bansal, however increased charges for super-fast trains, and fees for ticket cancellation and...

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Moneylife Digital Team 26 February 2013
By using the powers given under Section 25(5) of the RTI Act, the Commission recommended the PIOs to use Speed Post facility rather than UPC for sending RTI replies. This is the 48th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can...

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Abrahm Lustgarten (ProPublica) 26 February 2013
Native Americans on an oil-rich reservation have been cheated out of more than $1 billion by schemes to buy drilling rights for lowball prices - and the federal government failed in its legal obligation to ensure a fair deal, lawsuits claim Native Americans on an oil-rich North Dakota...

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Moneylife Digital Team 25 February 2013
Nifty may remain directionless until budget   Most of the Asian indices opened in the positive on the speculation that the next Bank of Japan governor will deploy aggressive monetary easing. On Friday, the US stocks rallied after better-than-expected results from personal-computer...

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Moneylife Digital Team 25 February 2013
Shares of Core Education & Technologies, ABG Shipyard, DB Realty, Welspun Corp and Orbit, which are part of Sanjay Dangi’s portfolio, hit their 52-week low today. Market rumours are that the speculative operator has gone bust due to margin pressures. Remember, operators almost always front...

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