INVESTOR INTEREST


A Sensex crash of 500 points in a matter of a few minutes, shows how hollow the Indian market is, as Moneylife has been pointing out for years now Sometime just before 10 in the morning on Monday 20th June, on a simple rumour that India would restart talks on a tax treaty with tax haven...

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Moneylife Digital Team 20 June 2011
We expected a minor rally before a decline, but the decline happened without a minor rally The domestic market witnessed mayhem among blue-chip stocks today, settling with deep cuts on reports that the government may review the double taxation treaty with Mauritius, a major channel of funds...

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Moneylife Digital Team 20 June 2011
Axis Bank will address the payment solution needs of LIC customers LIC of India and Axis Bank have come together to offer value added credit card services to the customers and employees of LIC of India, its subsidiaries and group companies. Through the program, Axis Bank will address the...

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Moneylife Digital Team 20 June 2011
The CBI wrote to the ED as the agency does not have powers to attach the properties as according to the provisions of the PMLA, it is the ED which can take such an action New Delhi: The Enforcement Directorate (ED) is examining a request from the Central Bureau of Investigation (CBI) asking it...

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Moneylife Digital Team 20 June 2011
EPFO has already missed a deadline of 31st March this year, the day on which the term of four fund managers including ICICI Pru, HSBC AMC, Reliance Capital and SBI expired. It had planned to appoint new fund managers for next three financial years beginning 1st April but since EPFO could not...

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Moneylife Digital Team 20 June 2011
Citi India total assets grew 17% to Rs1,11,586 crore as of 31 March 2011 American banking major Citi has reported a 78% jump in its profit after tax from its India operations to Rs1,859 crore in 2010-11. The jump in profit came on the back of improvement in all key ratios, including net...

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Moneylife Digital Team 20 June 2011
USFDA has given final approval to Glenmark Generics Inc for their ANDA for Norgestimate and Ethinyl Estradiol tablets USP Glenmark Pharmaceuticals on Monday said its US subsidiary Glenmark Generics Inc has received US health regulator's approval to market its generic oral contraceptives...

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Moneylife Digital Team 20 June 2011
Bank of India hopes to seal the deal before end September Public sector lender Bank of India said it is in talks with Bharti Axa and two other asset management companies for an entry into the mutual funds business and hopes to seal the deal before end September. “We are in talks with Bharti...

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Moneylife Digital Team 20 June 2011
Under the present treaty, only Mauritius has the right to tax capital gains on investment which is routed through it in India. But it does not levy any tax as per its domestic policies giving advantage to the investors New Delhi: Amidst panic in the stock market over double tax avoidance treaty...

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Moneylife Digital Team 20 June 2011
Royal Sundaram Alliance Insurance expansion strategy is based on the hub-and-spoke model, where in a branch would serve the smaller adjoining locations Royal Sundaram Alliance Insurance said it plans to increase its presence in the semi-urban and rural areas of the country. As part of this...

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Moneylife Digital Team 20 June 2011
The issue of making the ‘know your customer’ (KYC) norms more strict was taken up at the last meeting of a sub-committee of the Financial Stability Development Council With the government facing heat on the issue of black money, the Finance Ministry has begun an exercise to make identification...

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Moneylife Digital Team 20 June 2011
HSBC Mutual Fund new issue closes on 23 June 2011 HSBC Mutual Fund has launched HSBC Fixed Term Series 80, a close-ended income scheme. The investment objective of the scheme is to seek generation of returns by investing in a portfolio of fixed income instruments maturing within the time...

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Moneylife Digital Team 20 June 2011
ICICI Prudential Mutual Fund new issue closes on 30 June 2011 ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 58-2 Year Plan A, a close-ended income scheme. The investment objective of the plan under the scheme is to seek to generate regular returns by...

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Moneylife Digital Team 20 June 2011
Reliance Mutual Fund new issue closes on 21st June Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XX-Series 20, a close-ended income scheme. The primary investment objective of the scheme is to generate regular returns and growth of capital by investing in government securities...

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Moneylife Digital Team 20 June 2011
Taurus Mutual Fund new issue closes on 23 June 2011 Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series H (91 Days), a close-ended income scheme. The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and...

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Moneylife Digital Team 20 June 2011
Religare Mutual Fund new issue closes on 21 June 2011 Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VIII-Plan A to F-Plan C (370 Days), a close-ended income scheme. The investment objective of the plan is to generate income by investing in a portfolio of debt and money...

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Moneylife Digital Team 20 June 2011
The CBI opposed Ms Kanimozhi’s plea saying the original documents regarding the illegal financial transaction of Rs200 crore to DMK family-run Kalaignar TV are yet to be recovered and the accused might tamper with evidence if released on bail New Delhi: In a major setback to DMK MP Kanimozhi...

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Moneylife Digital Team 20 June 2011
A recent change in Indonesian law mandates all parties to sell coal at market prices. Earlier, Indonesian coal mines had the freedom to bilaterally agree coal prices with buyers. The change in law will impact the viability of all power projects that are based on imported coal, especially from...

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Moneylife Digital Team 20 June 2011
In the second week of June, the number of MNP requests is said to have crossed 11 million from 8.5 million in April. The maximum requests have come from subscribers of CDMA players RCom and TTSL New Delhi: As many as 11 million mobile subscribers have opted for changing their operators in the...

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The laws, far from protecting labour, many times limit competition, discriminating against foreign companies and foreign workers. Often, it is not the laws themselves, but how they are enforced Anyone who has ever been an employee is acutely aware of the asymmetry of power between the...

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