INVESTOR INTEREST


Moneylife Digital Team 15 July 2010
The market has been in pause mode for two days. Will it spend more time consolidating before the next move? The market witnessed a high degree of volatility today. The Sensex settled at 17,909, down 28 points (0.1%) and the Nifty ended the session at 5,378, down 7 points (0.1%). The indices...

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Moneylife Digital Team 15 July 2010
Neither ICICI Bank nor HDFC Bank, even though their equity is owned by foreigners, suffers from any handicap, because they are incorporated in India, noted DIPP secretary R P Singh The government has assured private sector lenders ICICI Bank and HDFC Bank that they will not be discriminated...

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Debashis Basu on where the stock market is headed 15 July 2010
Markets are headed higher but buy only on declines Another fortnight is over and the short-term top of 15th April has not been scaled as yet. But is a trend change at hand? Two weeks ago, I had suggested that “if the US goes down by 10%-15%, India will not stand tall; it will go down too, quite...

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Sanket Dhanorkar  and   Pratibha Kamath 15 July 2010
When fund managers churn portfolios to capture momentum and ride the short-term cycles, performance invariably takes a hit  Old habits die hard for many fund managers. Instead of making wise long-term investment decisions, some of them behave like traders and churn portfolios—their churning...

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IRDA has moved swiftly to make ULIPs less attractive for agents and insurance companies. While this is laudable, there is an unintended impact. Policyholders will be persuaded to buy the more opaque traditional plans now Unit-linked Insurance Plans (ULIPs) were the main source of revenues for...

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Moneylife Digital Team 15 July 2010
Earlier, the open offer was challenged in the Israeli Supreme Court, which prohibited the Mumbai-based company from closing the offer until a ruling was delivered in other cases related to the takeover Indian pharmaceutical major Sun Pharmaceutical today said that a US court has dismissed a...

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Munira Dongre 15 July 2010
From delisting to potential restructuring, investors are betting on a variety of triggers for the stock to rally A host of hopes such as delisting, settlement with the government, quicker turnaround of its South African business (Neotel), potential restructuring of Tata Group's telecom...

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Munira Dongre 15 July 2010
From delisting to potential restructuring, investors are betting on a variety of triggers for the stock to rally A host of hopes such as delisting, settlement with the government, quicker turnaround of its South African business (Neotel), potential restructuring of Tata Group's telecom...

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Under the new regime on ULIPs that is supposed to be in place from 1st September, private insurance companies would lose out to LIC Unit-linked insurance plans (ULIPs), the mainstay of insurance companies, would become less attractive from 1st September. The Insurance Regulatory and Development...

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Birla Corporation had rewarded handsomely earlier. Worth looking at it again In our quest to discover reasonably valued stocks that have a strong growth momentum, we suggest considering Birla Corporation, a stock that we have analysed before and one that has rewarded our readers handsomely....

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Moneylife Digital Team 15 July 2010
My Fair Lady (Rs8) My Fair Lady manufactures personal-care products like perfumes, sprays and combs. It markets its products under the brand name My Fair Lady which is owned by the promoter company. It has consistently made losses over the past nine quarters. Operating loss was in the...

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Sanket Dhanorkar  and   Pratibha Kamath 15 July 2010
Fund houses come out with new versions of poorly performing schemes; it’s not surprising that their performance is no better It is true that consistently performing mutual fund schemes are a rarity in India. Most of the schemes available in the market yield paltry returns, failing to even...

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Venus Remedies is cheap but not growing fast as yet This is not yet a growth stock and demands patience. Venus Remedies makes anti-infective, oncology, cardiovascular and neurology products from its manufacturing facilities in Panchkula and Baddi (India), and Werne (Germany). In Panchkula,...

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High expectations are built around Cairn’s performance next year Cairn India is a complete contrast to Venus. It is not a value stock; it is a growth stock. It is growing fast and is expensive. Cairn India is in oil what Reliance Industries is in gas. While Reliance has huge gas fields which...

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Moneylife Digital Team 14 July 2010
The market should continue to move up, subject to dips The market traded on a firm footing in the early session; however, gains were erased by weak European markets and profit-booking towards the fag end of the session. The Sensex closed at 17,938, down 48 points (0.2%) and the Nifty shut at...

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Not just big hospitals, but smaller medical consultants and nursing homes are also facing trouble from TPAs. Is it time to cut out the middleman? Even as top hospitals in the cities have been facing several issues with third-party administrators (TPAs), it now appears that the problem extends...

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Moneylife Digital Team 14 July 2010
Moneylife had reported on 6th May that Piramal Healthcare may be up for sale. The company was claiming that it was planning to acquire smaller labs for growth. Now it has been sold out to Super Religare Lab Piramal Healthcare is set to sell off its diagnostics unit to Super Religare...

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Moneylife Digital Team 14 July 2010
The complaint has been filed under sections 3 and 4 of the Competition Act, which pertains to anti-competitive agreement and abuse of dominant position, respectively Reliance Industries (RIL) has moved the Competition Commission of India (CCI) alleging state-owned oil firms Indian Oil...

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Moneylife Digital Team 14 July 2010
The company has submitted the investment plan to the oil regulator Director General of Hydrocarbons along with a proposal for declaring the discovery as commercially viable State-owned Oil and Natural Gas Corporation (ONGC) plans to invest $4.05 billion in producing natural gas from its ultra...

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Moneylife Digital Team 14 July 2010
Larsen & Toubro Ltd (L&T) said its floating systems business unit has won an offshore rig refurbishment contract, worth Rs376 crore, from Oil & Natural Gas Corp (ONGC).  L&T’s facilities at Sohar, Oman and Hazira and engineering offices of L&T-Valdel in Faridabad, Bangalore and Chennai will be...

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