DAILY NEWS: OUR PICKS


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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Moneylife Digital Team 21 July 2012
RIL has reported disappointing results, with its net profit tanking 21%, to Rs4,473 crore on account of increased  expenses higher exchange rates Reliance Industries (RIL), an enterprise run by Mukesh Ambani, has reported poor results as its net profit sank by about 21% year-on-year...

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Tracy Weber, Charles Ornstein  and   Marshall Allen (ProPublica) 21 July 2012
Unlike the airline industry, which relies on a safety net of checklists, the medical community has been slow to adopt them in all areas and often puts its faith in the outdated idea that doctors are infallible New York University’s (NYU) Langone Medical Center announced this week that it...

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It is the most talked about show in television history with one billion impressions and 49 crore viewers, says Star TV as the Aamir Khan-anchored Satyamev Jayate winds down to the end of its first season How popular has the Aamir Khan show Satyamev Jayate (SMJ) been? While anecdotal...

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Moneylife Digital Team 20 July 2012
The social network juggernaut, Facebook, scored 61 out of 100 in a recent survey conducted by American Customer Satisfaction Index due to drastic decisions involving privacy and introduction of the timeline Facebook, one of the world’s biggest social networks, has seen its users’...

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Daryl Nelson (ConsumerAffairs.com) 20 July 2012
The strategy is to experiment and try. When choosing generic products, customers should try to eliminate their prejudices and give the non-branded item a fair shake A recently published Consumer Affairs story (

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 A little planning, adequate insurance, proper paperwork and keeping the family informed would go a long way to reduce the pain and confusion when the unexpected occurs The fourth week of June 2012 proved disastrous for India in more ways than one. On 21st June, the Mantralaya building,...

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