DAILY NEWS: OUR PICKS


Jason Monteiro Jason Monteiro 08 October 2012
Despite a rising market and more reforms, mutual fund inflows declined and redemptions went up to a massive Rs6,741 crore in September. The regulator and fund companies seem clueless to stem the tide    The Securities and Exchange Board of India (SEBI) brought into effect its mutual...

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Narendra Kondajji 08 October 2012
SEBI has just come out with draft regulations for investment advisors. Unfortunately, the proposed regulations will be of little consequence. It will mean little to investors and mis-selling may continue as before and with appropriate disclosures! An analysis of the proposed rules…

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MDT/PTI 08 October 2012
HSBC, HDFC Bank, Citibank, StanChart, Axis Bank, ICICI Bank and Kotak Mahindra Bank are among the top ten commission earners for selling mutual funds during FY12   New Delhi: Banks seem to be taking away all the cream when it comes to earning commissions from sale of mutual funds, as...

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Moneylife Digital Team 06 October 2012
Moneylife Foundation conducted its first seminar in “God’s own country”—Kerala.  The seminar, held in Kochi, drew a large audience and focussed on various topics such as how not to lose money, how to be safe with your money, responsible borrowing and insuring yourself...

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Marian Wang (ProPublica), Beckie Supiano  and   Andrea Fuller (The Chronicle of Higher Education) 06 October 2012
As college costs continue to climb, families are turning to federal Parent Plus loans to fill the gap. But with no checks on their ability to repay, many parents are left overburdened, and others set up for failure More than a decade after Aurora Almendral first set foot on her dream...

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Harjot Kaur 06 October 2012
Financial inclusion in its true sense is about knowledge and empowerment leading to ‘vikas’ or progress. Harjot Kaur writes about how Vadodara-based Zoher Doctor is changing lives of the underprivileged   That Vikas Trust would have been set up by a financial planner is clear from its...

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Moneylife Digital Team 06 October 2012
The outlook for capex, beyond FY13, seems to be even grimmer as projected capex spending is likely to decline to just 38% of FY12 levels, according to Nomura Equity Research based on RBI & CMIE data   Latest corporate capex data from the RBI (Reserve Bank of India) and CMIE (Centre...

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Vidur Pendharkar 06 October 2012
Volatility is likely to remain high as a move on either side is likely   S&P Nifty close: 5,746.95 Market Trend Short Term: Up                 Medium Term: Up                        Long Term: Down      After a flat opening the Nifty rose for four consecutive trading...

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Yogesh Sapkale Yogesh Sapkale 05 October 2012
The Mallyas, both father and son, who had brazened all criticism about their failing airline and lavish lifestyle have finally become invisible on social media as the problems mount    Emperor Nero fiddled as Rome burnt in 64 AD; much the same was said on social media about our own,...

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Moneylife Digital Team 05 October 2012
As the promoters’ holding in Adani Power currently stands at 76.63% of which Adani Agro holds 3.13%, the proposed stake sale would bring promoters’ holding to 75%—in compliance with the SEBI requirement on minimum 25% free float for listed entities   Adani Power (APL) has intimated...

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Moneylife Digital Team 05 October 2012
Morgan Stanley has come up with a quantitative ‘contrarian’ indicator to time stocks, based correlation between the “broad market” returns and the Sensex returns. There are many styles and classes of investing. Depending on your personality, preference and skill set, you could either be...

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Moneylife Digital Team 05 October 2012
Emkay Global apparently placed non-algo market orders for an erroneous quantity and value of Rs650 crore The National Stock Exchange (NSE) has blamed a brokerage house, Emkay Shares & Stock Brokers, for triggering circuit breakers on the Nifty, which led to closing of the cash market and...

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Moneylife Digital Team 05 October 2012
Demand is likely to improve in the IT Services sector in the second quarter. Market trends include cost efficiency drive at clients and slow incremental business with market share shifts, says Nomura Equity Research    Nomura Equity Research in its Quick Note predicts improvement in...

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Aditi Jhunjhunwala 05 October 2012
The Calcutta High Court held that a scheme of amalgamation and transferring assets and liabilities in favour of the transferee company would be regarded as an instrument, which is subject to payment of stamp duty, but the rates still remain a question It was already under debate as to...

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Moneylife Digital Team 04 October 2012
GSPC may eventually end up with more than a 90% stake and possible delisting of Gujarat Gas. That too when there were several domestic and international buyers for the stake put on the block by the BG Group The BG Group (formerly British Gas) has reached an agreement with GSPC to sell...

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Moneylife Digital Team 04 October 2012
The next time Saif Ali Khan tells you to buy Lays, be careful. That pack may be lighter in weight but heavy on wallet—like his girlfriends!!!    Contrary to the commonly-held belief that well-known, leading brands live up to their name and refrain from duping consumers, PepsiCo, the...

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Moneylife Digital Team 04 October 2012
Following ban on gutkha in several states, the manufacturer’s lobby has come out with ads in local newspapers. These ads are silent on the killer substance but try to tell people that gutkha is less poisonous than cigarette! However, all these tall claims has been rebutted by the wife of a...

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Moneylife Digital Team 04 October 2012
The Supreme Court asked banks to shift their branches from residential properties in Noida as this was against the rules and regulations. The RBI, whose guidelines were openly violated, has not taken any action against the banks   Following a ruling by the Supreme Court on bank...

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Vivek Sharma Vivek Sharma 04 October 2012
While financial planners have their own opinion on inflation, institutions involved in conducting financial planning courses in India have never thought of an inflation index, which shows that there is very limited innovation in financial planning in India All financial planning advice...

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MDT/PTI 04 October 2012
None of the lenders want the Vijay Mallya-owned Kingfisher Airline to go bust but if that happens, banks will be a bigger casualty than anyone else Lenders of the debt-ridden Kingfisher Airlines expressed the hope that the company management will not let the airline go belly up and said...

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