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Growth in Chinese industrial production strengthened the Indian market rally The Indian stock market continued its bull run on Wednesday on hopes of a robust recovery in the global economy after China reported strong growth in industrial production for October. The Sensex closed at 16,850, up...

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Moneylife mentioned some time back (6 October 2009, Sex sells in drugs too) that pre-sex and post-sex drugs, Revital and i-pill tablets are growing by 25% and they have replaced the largest-selling drugs like Corex and Phensedyl. Over the past few days, there has been a major furore among...

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In a move that fund companies say will change the mutual fund distribution game, the Securities and Exchange Board of India (SEBI) is likely to ensure that mutual funds are sold by stockbrokers off their trading screens. The fund units will be lodged in the demat accounts of unit-holders.

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If commodity prices shoot up again, the backward integration of Godawari Power will turn out to be very profitable Indian steel companies are doing well again after a severe downturn in late 2008 and early 2009. Godawari Power & Ispat Limited is one of the smaller steel companies that is...

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Expectations from the infrastructure sector are high. If it continues to grow, J Kumar will do well Mumbai-based J Kumar Infraprojects is a civil engineering and infrastructure development company which focuses primarily on the development of roads, flyovers, bridges, railway over-bridges and...

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The fall in the market that we had been forecasting for the past several months has not happened. Indeed, the market has risen. Since the week ended 13 March 2009, when the Sensex was at 8,756, the index rose for a straight 14 weeks to make a high of 15,237 in mid-June. This near-vertical rise...

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By the time you read this article, Windows 7 would be there, out in the open riding on praises or curses. Here is a preview Microsoft Corp, the world's largest software company, is all set to release its most ambitious operating system (OS), ‘Windows 7’ (Win7) on 22nd October. Because of its...

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Sensex ends below 16,500 and Nifty closes at 4,881 after profit-taking trims early gains The Indian stock market opened on a firm note on Tuesday on the back of a solid overnight rally on Wall Street, but the early gains were trimmed on profit-taking after a sharp surge over the past four...

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Finally, here’s a not-for-profit volunteering exchange platform connecting volunteers across India and abroad Gunjan, an advertising professional, volunteered to teach little children in the early years of her work life. But the race for career growth later kept her away for a long time. Today,...

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Osian Art Fund made an exit with a mere 5% return per annum for the thirty-six month close-ended scheme. This surely has disappointed investors, but definitely not Osian. It plans another art fund, this time for a time period of five years.   “The next art fund will be launched once there...

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Citibank’s investment arm recently published a report which suggests that gold prices could climb to well over US$2,000 an ounce. Given the current prices of under US$850 an ounce, this means that gold prices could more than double. Does it mean that gold is a good investment idea? Well, it...

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Gold has not made much of a move over the past many months. Where is it headed? Diehard gold bulls believe that $1,000 is where gold will go. Among the reasons cited are that it is a hedge against inflation and that India and China, the largest gold consumers in the world, have an insatiable...

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Pallabika Ganguly 09 November 2009
May hit firms which reported better margins in the September quarter due to lower prices The better-than-expected performance of fast-moving consumer goods (FMCG) companies in the September quarter, on the back of higher margins due to lower raw material prices, may not be sustained in the...

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  Fast-moving consumer goods (FMCG) companies, which reported healthy operating profit margins for the first half of the current financial year, may face an erosion in margins in the coming quarters due to rising raw material prices. In addition, on 17 September 2009, the Ministry of...

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  The NPS was introduced amid much fanfare by the previous government, as a much needed reform in social security. This far-reaching initiative was intended to serve as a vehicle for retirement savings. Five years down the line, there are very few takers for the scheme, even among Central...

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Sanket Dhanorkar 09 November 2009
Banks have been advised to maintain provisioning coverage ratio, including floating provisions at 70% by September 2010. What does this signify for banks with less provisioning? Banking regulator Reserve Bank of India (RBI) in its second quarter review of monetary policy has set a deadline of...

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United Breweries, the Vijay Mallya-promoted group is not exactly flying high these days, if the latest quarterly results are anything to go by. Performance was mixed at the two leading arms of the UB group—United Breweries and United Spirits. Maker of popular whisky brand McDowell’s No.1, United...

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ITC Ltd, formerly Indian Tobacco Co Ltd, is known as a cigarette maker. However, over the past decade, the company has been trying to de-emphasise its image and present itself as a diversified conglomerate. In this process it has merged the hotels business (ITC Hotels) and the paper...

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Internet Protocol TV and Internet services provider IOL Netcom has still not paid dues to its employees. At the same time the company’s advertisings are appearing in many English dailies. Several employees who left the company due to non-receipt of overdue salaries are apparently still being...

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It has taken at least five years for the Securities and Exchange Board of India (SEBI) to finally wake up to the harassment of retail investors through the instrument of the Power of Attorney (PoA). Ever since SEBI decided that secondary market trading would be compulsorily in dematerialised...

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