DAILY NEWS: OUR PICKS


Moneylife Digital Team 26 July 2012
Despite the poor response to other similar schemes which have been launched in the past, Franklin Templeton MF and Union KBC MF plan to launch their own hybrid schemes Franklin Templeton India Allocation Fund and Union KBC Asset Allocation Fund, will offer a mix of equity, debt and gold...

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A permanent bureaucracy to blow up investors’ money   The Investor Education & Protection Fund (IEPF) is set up under the ministry of corporate affairs (MCA) into which go dividends, matured deposits, bonds and application money to IPOs, etc, that remain unclaimed for seven years. At...

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Moneylife Digital Team 26 July 2012
The panel recommended that general insurance companies proposing to come out with IPOs should disclose the “claims arising out of catastrophic losses, which could impact the profitability or cash flow of the insurance companies.” Mumbai: Clearing the decks for the Insurance Regulatory...

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There was cash embezzlement by the employees to the tune of Rs2.5 crore and loans given to non-existent borrowers was Rs13.3 crore, the micro lender said in its annual report   Hyderabad: SKS Microfinance has said that some of its employees have cheated the company to the tune of...

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Moneylife Digital Team 25 July 2012
Using paper companies, the little-known pharma company’s CMD created huge wealth that was unearthed following a tip-off to the Income Tax department. The company’s modus operandi also finds a mention in the “White Paper of Black Money” Mumbai-based Genom Biotech Pvt Ltd and its promoter...

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India has one of the largest proven reserves of coal, but we are still forced to import the mineral instead of achieving production from indigenous sources. Surely this can be avoided   In the last few days more reports have appeared in the press that confirm public suspicion that,...

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Debashis Basu Debashis Basu 25 July 2012
Media has faithfully reported SEBI’s decision to change F&O eligibility criteria as a move to curb manipulation. But nobody has asked what was NSE doing all this while? Moneylife has highlighted brazen manipulation in creating the F&O list several times in the past On Tuesday market...

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The RBI has implemented some of the recommendations of the Nair Committee report, resulting in a lot more clarity on priority sector treatment, both in case of securitisation and direct assignments The priority sector lending norms were announced on 1 July 2012 and were changed on 20...

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The RBI issued directions but has not clearly spet out its intentions, which may give room to confusion in the mind of those who carry out factoring as an ancillary business On Monday, the Reserve Bank of India (RBI) brought into force a new kind of Non Banking Financial Company—Factors...

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Moneylife Digital Team 24 July 2012
In just one day, BSE's trading volume in derivatives increased by Rs24,625.2 crore to reach near Rs1 lakh crore. But dealers seem baffled with this humungous number put out because retail trades is still overwhelmingly done in National Stock Exchange Even as the third exchange is about...

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Moneylife Digital Team 24 July 2012
LIC Housing Finance announced subdued results, with its net profits declining 11% year-on-year on Tuesday. But why did the share price of this scam-ridden company fall severely one day in advance of the bad results? Could it be insider trading? LIC Housing Finance Ltd (LIC HF) has...

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Sucheta Dalal Sucheta Dalal 24 July 2012
Chaggan Bhujbal is alleged to have used sky-high valuation of shell companies to collect money, in return for giving out largesse. This is an increasingly popular trick with Indian politicians turned “businessmen” There was a time when politicians did politics and used businessmen to...

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Moneylife Digital Team 24 July 2012
  The truck and bus manufacturer reported poor bottom line despite increasing its sales by 8,210 units during June quarter, citing spiralling consumer prices and huge expenses on branding and marketing campaign with MS Dhoni  Ashok Leyland, the flagship of the Hinduja Group and one...

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The RBI should look at converting the PSBs into limited companies and take steps to amend the laws to make them more accountable to the public shareholders and comply with the listing guidelines, both in letter and spirit In a frank admission of corporate governance deficit in public...

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Moneylife Digital Team 24 July 2012
Despite a challenging economic climate and high inflationary pressures, consumers seems to be spending more which has led to a strong performance from Hindustan Unilever Fast moving consumer goods (FMCG) major, Hindustan Unilever (HUL) reported 14% increase in net sales to Rs6,378.77...

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Moneylife Digital Team 23 July 2012
Larsen & Toubro reported subdued results during the first quarter despite 21% increase in its order book and revenues citing moderate domestic economy Larsen & Toubro (L&T) has announced a 26% increase in its year-on-year (y-o-y) net revenues in its first quarter results ending June...

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Valliyur Satyavageeswaran 23 July 2012
A private medical college, spread over 25-acres ran an advertisement for the post of “Project Director”. A candidate went for the farcical interview and noticed an absence of minimum standards of professionalism and hygiene It was a scene straight out of the Bollywood movie—3 Idiots....

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While most of the recommendations of the Mahapatra Group fail to address the seriousness of the issue, the RBI may accept the recommendations and banks may happily use restructuring to keep their NPA levels cosmetically low The report of a Reserve Bank of India (RBI) working group to...

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Polymer notes would reduce costs and be a challenge to counterfeiters Thanks to the RTI Right to Information) application submitted by activist Subhash Agrawal, it is now public knowledge that printing small currency note costs big money!  It costs a good 10% of the face value to print...

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The consequences of old age can be minimized by preventing the feelings of isolation and marginalization by making seniors independent and fruitful members of society The rapidly changing dynamics of the population profile—with the increasing addition of elders—those in the 60+ age...

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