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Last year, 45 of the 130 equity diversified schemes failed to beat their benchmarks. Believe it or not, two of them actually lost money! Here are the winners and losers and what to do with them. Analysis by ML Research Desk Every New Year, it is common to swear off your bad habits and make...

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One more attractive stock in the engineering sector A joint venture between the Yash Birla Group and US-based Kennametal Corporation, Birla Kennametal (BKL) manufactures a wide range of precision tools. Its rotating tool holder is an essential accessory for CNC machining centres the demand for...

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ML: After years of being in the doldrums, hotels are among the hottest growth sectors today. What are the reasons it will stay hot in the future? Suri We have woken up to our true potential in tourism and are taking all the right steps. So, the moment we have started selling ourselves...

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It’s important to make sure your working environment is “back-friendly”. Here are some ideas Today’s office workers, whether at a call centre in Gurgaon or manning the new frontier in wired skyscrapers at Nariman Point, are learning the hard way about work-related health disorders. The press...

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Telephone users in India are getting used to being showered with goodies. Thanks to competition, operators are being forced to announce some incentive or the other all the time in order to not only gain new customers, but also to retain the existing ones. Communications minister...

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Lakshmi Machine Works is reaping the benefits of its intense business focus Normally, a company that sells manufactured goods (say garments) does better than the supplier of machinery that is needed to do the manufacturing (sewing machines). That is because the manufacturer captures a higher...

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Price are likely to ramain subdued throughout 2007. That's bad for aluminium stocks Late on October 11, the world’s largest aluminium company Aloca Inc. announced its third-quarter results. Revenues climbed by 19% to $7.6 billion and profit leapt by 86% to $537 million, or 61 cents a share...

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Here is a statutory warning: DO NOT BE MISLED BY THE DECEPTIVE EASE OF FREEHAND. You couldn't be more wrong if you thought real men do macho stuff like lifting weights while sissies go for airy-fairy freehand. Consider the example of Matt Furey, a living testimonial for freehand (also...

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Bank of India and ICICI Bank have launched unique credit counselling centres for advising the public. Sucheta Dalal reports on this interesting effort Fans of Suze Orman or occasionally Oprah Winfrey have probably watched their special shows on financial counselling to get American families off...

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Sector selection significantly defines portfolio performance. Stocks within a sector tend to move together, as companies within the same industry group are affected in similar ways by market and economic conditions. The prospects of a particular sector determine how all stocks within that sector...

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To a generation whose life centres around the latest cellphones, music systems and powerful bikes, it would seem ridiculous that hundreds of thousands of Westerners would dump what seemed like the first traces of modern day mass prosperity and take the difficult road to the East. But they did;...

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The market is enamoured of small and mid-caps. Foreign investors do not see much value in large-cap stocks even as their passion for India remains undiminished while domestic mutual funds are sitting on lots of cash looking for stocks that are relatively undiscovered. UTI closed a large...

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Don’t allow your moodiness to get in the way of your success We all know that changes in moods are a result of internal turmoil and external dilemma. We also know that several factors impact continuous changes in our persona which are then reflected in our actions. There are various studies,...

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A widespread economic boom can change the fortunes of even the most ordinary company. At one time, Khatau Mills may have been the best name in sarees, voiles and fabrics but the group fell on hard times in the ’80s and ’90s. But a strong demand for industrial chemicals and India’s...

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Travel Cards are great if you remember these four negative factors Sunil Kumar of Jaipur went abroad last year to scout for business. This time, instead of the usual wad of foreign currency or travellers cheques, he decided to get himself a Travel Card, which is touted as safe, convenient and...

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Ask any fund manager about the current valuation of the equity market and he would probably sum it up in just one line - the Sensex trades at a PE of 19 times while the Nifty at 18 times earnings. The problem is that this is the average PE and totally useless. It is like putting your...

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Shreedhar Kanetkar on how two legends of US industry got together and what it meant Once upon a time, there was an investment banker named John. He was young and, unfortunately, not very happy. After years of close association, one of his firm’s most valued clients (we’ll call it Company...

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Tanushree Kar finds a unique organisation in Pune that looks after children between 0-4 years Twenty cherubic faces look at you expectantly, some of them laboriously trying to stand up and put out their hands to touch you. They are all between 8-10 months old and their smiles are enough to melt...

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Of the 28 NFOs of 2006, 20 failed to beat their benchmarks Last year was a big year for stocks. The Sensex went up by 42%, riding on which we also saw a large number of new fund offerings (NFOs). How have these funds done and what holds for investors in future? Of the NFOs in 2006, we have...

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If the markets are at dizzy heights can scams be far behind? There are no major ones but minor scams are certainly brewing. The Income Tax department has sniffed out a massive racket of laundering black money through the secondary market. I-T department found tax evasion of over Rs 100...

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