INVESTOR INTEREST


R. Balakrishnan 01 March 2010
The ‘good’ news is that the banking market will be opened up for a few more private players. But how many of these new entrants actually pass muster? The Budget talks about re-opening the window for letting more private banks in play. Most market participants and commentators have welcomed...

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Moneylife Digital Team 26 February 2010
NBFCs and the private sector can now enter the banking business if they meet RBI’s criteria. This is a major move for the financial sector Private players and non-banking finance companies (NBFCs) have reason to cheer the Budget speech as the finance minister announced that the RBI is open to...

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The Budget measures will support a short-term and a long-term rally, but the market’s medium-term prospects are clouded by global worries After the Budget, market experts have declared that the rally today is a “technical breakout”. This makes no sense to most of us who do not know what is...

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The Budget measures will support a short-term and a long-term rally, but the market’s medium-term prospects are clouded by global worries After the Budget, market experts have declared that the rally today is a “technical breakout”. This makes no sense to most of us who do not know what is...

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The finance minister paved the way to increase the benefits for NREGA workers and raise the Plan allocation for the health ministry. Finance minister Pranab Mukherjee has presented his Budget and most industry sectors are happy with his proposals. The Union government intends to increase the...

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Pallabika Ganguly 26 February 2010
The Budget has extended the tenure of the tax benefit for residential projects, hiked the allocation for slum re-development schemes, and extended the 1% interest subvention for affordable housing Share prices of real-estate companies started shooting up after the Budget announcement because...

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While the salaried class got a tax bonanza that will boost consumption, companies will seek to pass on the increase in excise duty or live with lower margins. The extremely clever Budget unveiled by the FM confirms that the economy has its own momentum in spite of the government. Yes, of...

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Moneylife Digital Team 25 February 2010
AMFI’s Investor Awareness’ Committee, created at the behest of SEBI, may end up blowing up a lot of money for no reason Even as investors are turning their backs on mutual funds (MFs), regulators and the industry have suddenly woken up to ‘protect’ and ‘educate’ them. The preferred solution?...

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Moneylife Digital Team 25 February 2010
Over the past two years, the markets have been hugely volatile— which is ideal for arbitrage funds. But over this period, of the 12 arbitrage funds, only three funds outperformed and nine underperformed their benchmarks Fund companies push arbitrage funds as one of the best options in a...

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Swapnil Suvarna 25 February 2010
The latest positive data on the infrastructure sector failed to spark a market rally Indian markets finally ended the day on a flat note after the finance ministry’s Economic Survey for 2009-10 predicted that India would bounce back to a high 9% growth in 2011-12 and is on its way to becoming...

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Moneylife Digital Team 25 February 2010
Faced with a credibility crisis, mutual fund industry body AMFI has appointed HN Sinor as its chief executive. Industry sources have welcomed the move. The Association of Mutual Funds in India (AMFI) has decided to appoint Hoshang Noshirwan Sinor, better known as HN Sinor, as its chief...

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Ravi Samalad 25 February 2010
Fund companies are in competition to organise lavish junkets for its distributors, hoping to influence them to sell their schemes to the unsuspecting public Disenchanted investors are pulling money out of mutual funds, there is chaos over regulation of collective investment schemes and...

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Capital goods and infrastructure-related stocks made decent gains in a volatile market Gainers:  Shriram Transport Finance Company (up 4%) allotted 116.58 lakh equity shares to qualified institutional buyers (QIBs) for an aggregate sum of Rs583.86 crore, resulting in a dilution of around 5.2%...

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Bank stocks were lifted by the RBI’s decision to keep rates unchanged. Bank of Baroda (up 9%), Axis Bank Gainers: Bank stocks got a boost after the Reserve Bank of India (RBI) announced its quarterly monetary policy review. Bank of Baroda (up 9%), Axis Bank (up 5%), Canara Bank (up 3%) and...

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Bharati Shipyard surged 10% on robust Q3 numbers and a strong order book Gainers: Bharati Shipyard (up 10%) posted 48% growth in sales and 43% growth in operating profit in the December 2009 quarter compared with the corresponding year-ago period. The company has a strong order book position...

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Ravi Samalad 24 February 2010
Retail investors and employees have given a ‘thumbs down’ to both the IPOs; DB Realty listed at an 8% discount while Emmbi Polyarns shed 59% on its debut The Emmbi Polyarns Ltd and DB Realty Ltd (DBRL) IPOs (initial public offers), which listed on the NSE and BSE today, received a poor...

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Ravi Samalad 24 February 2010
Retail investors and employees have given a ‘thumbs down’ to both the IPOs; DB Realty listed at an 8% discount while Emmbi Polyarns shed 59% on its debut The Emmbi Polyarns Ltd and DB Realty Ltd (DBRL) IPOs (initial public offers), which listed on the NSE and BSE today, received a poor...

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Swapnil Suvarna 24 February 2010
Indian investors continued to stay cautious ahead of the Union Budget as share prices slumped towards the end of the day Indian markets moved sideways throughout the day as railway minister Mamata Banerjee announced a populist railway Budget for 2010-2011. However, the market slumped towards...

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The Korean carmaker is halting sales of its top-selling vehicle in the US and South Korea owing to concerns about sticking door locks. However, this will not affect Hyundai’s India sales, say analysts. First, it was Japan’s Toyota and Honda, then India’s Maruti, and now Korean chaebol Hyundai...

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Amritha Pillay 24 February 2010
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fiscal, as domestic supply shrinks due to issues like environmental clearance and Naxalite threats India’s coal imports for power production are...

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