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Moneylife Digital Team 30 March 2010
The market regulator’s December 2009 circular on transferring funds back to client accounts periodically has created market-wide confusion. Many brokers have not followed this rule, which was supposed to be implemented by 31 March 2010 A little-discussed circular of the Securities and...

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Moneylife Digital Team 29 March 2010
The market is getting long in the tooth and the chance of a sudden reversal is strong Market indices touched a two-year high today. They opened high, sold off in late morning trade and rebounded to record new highs. Even after selling went up in late afternoon trades, the BSE Sensex ended the...

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According to sources, the fruit-juice manufacturer has not been issuing salaries and has also stopped production Another likely casualty of the financial turmoil in the Indage empire is Seabuckthorn Indage Ltd (SIL), which reportedly has not been paying salaries to its employees since...

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Pallabika Ganguly 29 March 2010
The company, which listed on the BSE, has new plans for expansion and broadening its revenue base DQ Entertainment (DQE), a global animation, gaming and live-action entertainment production & distribution company, listed on the Bombay Stock Exchange (BSE) on Monday. Its order book stands at...

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Moneylife Digital Team 29 March 2010
The stock markets have rallied strongly for the past seven consecutive weeks. Will the momentum continue? There is a 50% probability of that happening The Sensex has been on a rally for seven consecutive weeks now. From 16,153 on 11 February 2010, it has rallied to a high of 17,644 for the...

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Amritha Pillay 29 March 2010
A number of banks are reportedly on the verge of exceeding their group exposure limit in the infrastructure segment. Bankers don’t want SPVs to be part of their group exposure limits India plans a huge expansion in the infrastructure segment, in the coming years. With most of these new...

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Moneylife Digital Team 27 March 2010
Expect a correction by the middle of next week The market ended last week on a strong note—even after the monetary tightening by the RBI. The market has been up for seven weeks in a row and the chances of a correction next week are high. We expect a correction by the middle of next week.

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Moneylife Digital Team 26 March 2010
Markets are approaching their highest level in two years The market ended on a firm note today. The BSE Sensex closed at 17,644, up 86 points and the Nifty closed at 5,282, up 22 points. It is now once again reaching the highest level in two years, a level it had hit in January. The market...

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Pallabika Ganguly 26 March 2010
Maharashtra is trying to push value-added tax on homebuyers by passing it under a ‘composition’ scheme The Maharashtra State Budget 2010 has proposed to introduce a ‘composition’ scheme for builders and developers, where 1% value-added tax (VAT) will be levied on homebuyers. This tax appears...

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Moneylife Digital Team 26 March 2010
Fund houses are paying upfront brokerage of three years which includes trail commission to incentivise distributors for ELSS schemes Fund houses are providing an advance lump-sum upfront brokerage for equity-linked saving schemes (ELSS) in an attempt to woo distributors. SBI Mutual Fund...

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Moneylife Digital Team 26 March 2010
Fund houses are paying upfront brokerage of three years which includes trail commission to incentivise distributors for ELSS schemes Fund houses are providing an advance lump-sum upfront brokerage for equity-linked saving schemes (ELSS) in an attempt to woo distributors. SBI Mutual Fund...

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Pallabika Ganguly 26 March 2010
DQ Entertainment International has inked three licensing deals; looks at expanding revenue base DQ Entertainment International (DQE) has recently finalised three licensing deals for its upcoming animated series—The Jungle Book—with School Pack Inc, D'Arpege, (both Paris-based firms) and NOGA...

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SEBI’s regulatory tussle with the IRDA over ULIPs was yet another ill-timed and misconceived move Things don’t always work like in the nursery rhyme that goes… “For want of a nail the shoe was lost; for want of a shoe the horse was lost. For want of a horse the rider was lost; for...

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Moneylife Digital Team 25 March 2010
Strong global cues lift market in volatile trade on Thursday The market trimmed off early losses to ride high in the late trading session. It ended the day with a large gain. The BSE Sensex ended at 17,559, up 0.67% or 107 points, and the Nifty closed at 5,260, up 0.62%. The market hit the...

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Amritha Pillay 25 March 2010
Gammon Infra is likely to finalise signing of both the immediate 24% and the subsequent 26% stake-purchase deals in Indira Container Terminal from Spain-based Dragados in April Gammon Infrastructure Projects Ltd (GIPL)—which currently holds 50% stake in Indira Container Terminal Pvt Ltd...

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Pallabika Ganguly 25 March 2010
Mumbai builders are slapping new home buyers with a nasty surprise in the form of value-added tax and service tax. This means that buyers have to pay 12% more on taking possession of their contracted and fully-paid apartments Property prices in Mumbai have already zoomed past their pre-2008...

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Pallabika Ganguly 25 March 2010
Mumbai builders are slapping new home buyers with a nasty surprise in the form of value-added tax and service tax. This means that buyers have to pay 12% more on taking possession of their contracted and fully-paid apartments Property prices in Mumbai have already zoomed past their pre-2008...

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Ravi Samalad 25 March 2010
Agents are painting a rosy picture and promising guaranteed returns to clueless investors Even as insurance behemoth Life Insurance Corporation of India (LIC) is busy bailing out initial public offerings of public sector units (PSUs), LIC agents are finding new ways to trick investors.

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Ravi Samalad 25 March 2010
Agents are painting a rosy picture and promising guaranteed returns to clueless investors Even as insurance behemoth Life Insurance Corporation of India (LIC) is busy bailing out initial public offerings of public sector units (PSUs), LIC agents are finding new ways to trick investors.

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Indage Restaurants & Leisure, although loss-making, is not as over-leveraged as Indage Vintners. Will it also be hurt by the likely liquidation of the parent company? A 15-day stay on liquidation proceedings granted by the Bombay High Court has given Indage Vintners a ray of hope to raise funds...

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