DAILY NEWS: OUR PICKS


Nikole Hannah-Jones (ProPublica) 11 February 2013
The Obama administration is preparing to issue a rule setting a single standard for proving violations of the Fair Housing Act - just as the Supreme Court signals it may take up a challenge to the measure UPDATE: The U.S. Department of Housing and Urban Development issued the final...

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Moneylife Digital Team 11 February 2013
Stories of Price Manipulation KCCL Plastic (Rs23) KCCL Plastic Ltd, earlier known as Kosha Cubidor Containers Ltd (name was changed on 29 February 2012), is into packaging. Before its name change, the company was indicted thrice by the BSE. First, it was suspended on 30 November...

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Yogesh Sapkale Yogesh Sapkale 11 February 2013
MCX-SX, the newest stock exchange, clarified that it is in no hurry to garner market share or increase volumes by cutting prices. Is it because of its sour relations in the past with the regulator or is the sibling of MCX being modest? MCX Stock Exchange (MCX-SX) has begun live trading...

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Moneylife Digital Team 09 February 2013
Mumbai’s housing societies recently received fat property tax bills with arrears for the past three years. Experts believe that there is no justification in this bill, particularly because your bill is based on the Ready Reckoner rate, which is a flawed method. Read on to find out the reasons...

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Moneylife Digital Team 09 February 2013
While the market may try to bounce back, the medium-term trend is firmly down The market closed lower this week, down for the second straight week, as the government lowered the GDP growth rate estimate for the current fiscal to 5%, compared to 6.2% growth in 2011-12. Macro-economic...

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Moneylife Digital Team 09 February 2013
Majlis Law provides legal support to women, has built a support system for victims of rape, and is deeply involved in bringing about a positive change in the community’s and the legal system’s attitudes toward women Majlis Law (Majlis) is known only as a legal aid group, perhaps because...

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Debashis Basu Debashis Basu 09 February 2013
How Lutyen’s Delhi rules India, to our misfortune India, or roughly the geographical territory we think India is, was ruled for over 600 years by various Muslim rulers, between 12th century and 17th century. Then, we became subservient to the East India Company and later to the British...

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Aditya Govindaraj Aditya Govindaraj 09 February 2013
The authors reveal the mystery of Chinese banks and how they function The Chinese government operates several black boxes unknown to the world at large. One of the black boxes is China Development Bank (CDB). This Bank has pumped trillions of yuan into the Chinese economy, enabled...

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Moneylife Digital Team 08 February 2013
Solar Industries (one of our earlier stockletter picks) has posted average third quarter results. Sales were sluggish because of slower exports and new ammonium nitrate regulations. We had recommended the stock on 19 August 2011 at Rs736.55 for our Antelope and Lion stockletters and exited at...

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Moneylife Digital Team 08 February 2013
Out of the 256 films that were rejected by the Censor Board, the majority had sexually implicit material The Central Board of Film Certification (Censor Board) has denied certification to 256 films during the period between 2001 and 2011. The Board rejected as many as 78 Hindi films,...

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Moneylife Digital Team 08 February 2013
Yesterday we asked if a vicious downtrend is in store. That’s how it is shaping up. As a matter of caution, downtrend may get arrested if the Nifty closes above 5,970   The market settled in the red as their quarter earnings of corporates came below expectations and on selling in...

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Moneylife Digital Team 08 February 2013
Exemption under Section 8(1)(e) of the RTI Act cannot apply to information held by a client in a lawyer-client relationship or with the patient in a doctor-patient relationship. This is the 37th in a series of important judgements given by former Central Information Commissioner Shailesh...

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Moneylife Digital Team 08 February 2013
CAG Vinod Rai, while speaking at Harvard Kennedy School, said that we may not be able to wipe out corruption, but our endeavour is to uncover instances of crony capitalism. However, this has not gone down well with the UPA government with Manish Tewari asking the CAG not to cross the laxman...

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T Christian Miller (ProPublica) 08 February 2013
The Sandi Group was fined $75,000 after delaying reports to the US government that more than 30 of its workers had died in Iraq The US Department of Labor has fined a private security contractor $75,000 for failing to file timely reports on the deaths of workers in Iraq as required by...

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Moneylife Digital Team 07 February 2013
What if we were a mutual fund company and launched a new scheme in a bullish market? That would be the true test of stock-picking and market-timing skills. That’s exactly the test we are putting ourselves to The long-term stockgrader, which has been running for just under four years, has...

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Moneylife Digital Team 07 February 2013
We expected a small bounce back yesterday before a bigger decline. This has not happened. Is a big vicious decline on the cards? The market closed lower as the government lowered its GDP growth estimate for the current fiscal to 5%. We expected a small bounce back yesterday before a...

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Moneylife Digital Team 07 February 2013
Venus Remedies (one of our stockletter picks) has posted satisfactory third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 May 2012 at Rs 161.10. The stock closed at Rs248.55 today, up by 54% in 9 months  We had written about Venus...

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Moneylife Digital Team 07 February 2013
The appellant was understandably agitated about the fact that the combination of vigilance and enquiry set-ups in India does not lead to any deterrent action for the wrong doing. This is the 36th in a series of important judgements given by former Central Information Commissioner Shailesh...

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Moneylife Digital Team 07 February 2013
Pratibha Patil spent over Rs225 crore on her 14 foreign tours covering 24 countries, most of the time accompanied by her friends and relatives. RTI activist Subhash Agrawal says the cost incurred on her friends and relatives must be recovered from Patil in order to set an example

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Raj Pradhan Raj Pradhan 07 February 2013
Reliance Life Insurance had mis-sold ULIPs worth Rs12 lakh. Moneylife had taken up the issue with IRDA and written cover story on it. Justice is served with return of investment along with Rs1.75 lakh interest, which is about 7.5% per annum Arvind Injamuri, 65, a standard 9th failed,...

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