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These seven stocks have recorded accelerated sales and good operating profit growth The economic environment has been tough for the past few quarters but many Indian companies have recorded consistent sales growth. What’s rare, however, is companies recording accelerating sales growth over...

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Reliance Industries Ltd (RIL), India's largest petrochemicals company, said its European unit Trevira GmbH has filed an application for insolvency proceedings with a restructuring plan with the Augsburg Court in Bavaria, Germany. In a release to the Bombay Stock Exchange, RIL said...

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Why are we lowering already low accounting standards? It is time the annual reports of Indian companies carried a disclaimer that says ‘Any resemblance to reality is merely coincidental.’ I am always amused by the two-faced statements that emanate from both, government and private companies,...

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National Thermal Power Corporation Ltd (NTPC), India's largest power generator, reported a higher fourth quarter net profit on robust revenues. In a filing to the Bombay Stock Exchange, NTPC said for the quarter to end-March, its net profit grew Rs21.1 billion from Rs13.4 billion as total...

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Should you follow the old market saying, ‘When in May, sell and go away’? Markets are on a tear globally. The Sensex is up 40% from its lows and is now one of the bestperforming markets during this rally. In our previous issue, we had suggested that the market was ripe for a pullback; the...

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Companies that earn a high return on net worth are a rare breed. They are the most attractive from the shareholders’ point of view, since they do what businesses are meant to achieve: earn high rates of return on invested capital. The high earnings give them the opportunity to invest some or...

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The government is supposed to come out with Indian Government Accounting Standard (IGAS) which are likely to be mandatory from financial year 2010-2011. The IGAS is based on the International Public Sector Accounting Standards (IPSAS) issued by IPSAS Board which constitutes international...

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Small- and mid-cap stocks are shooting up; not the schemes that aim to take advantage from their rise A strong global rally, declining inflation rate, interest rate cuts and positive signs in global economic data after several stimulus packages have ensured that the Indian stock indices have...

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India's largest multi-utility vehicles maker Mahindra & Mahindra Ltd (M&M) said its fourth quarter net profit rose 89%, mainly due to special adjustments made on its acquisition of Punjab Tractors Ltd. In a filing to the Bombay Stock Exchange, M&M said, for the quarter to end-March,...

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India's diversified company ITC Ltd reported a higher fourth quarter net profit but its total revenues were down. For the quarter to end-March, the tobacco to IT company, reported a net profit of Rs8.08 billion from Rs7.35 billion even as total revenues, including sales, declined to...

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GMR Infrastructure Ltd (GMR Infra) said its parent GMR Group bought Singapore-based private electric utility Island Power Project from power producer InterGen NV. The company did not divulge financial details but said the project would bring about $1.5 billion as foreign direct...

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Bajaj Auto Ltd, India's second largest two-wheeler maker reported a 8% higher net profit in the fourth quarter to end-March despite a fall in revenues, including sales. In a filing to the Bombay Stock Exchange, Bajaj Auto said for the fourth quarter to end-March, its net profit...

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John Maynard Keynes was a Cambridge don, a key member of the Bloomsbury set of artists, painters, polemists and philosophers with liberated mores (Keynes was bisexual when young), best-selling author, later a devoted husband to a world-famous ballerina, father of modern macroeconomics, wise...

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On 18th May, the unexpectedly strong Congress victory rubbished all pre-poll predictions and trapped bear operators when stock indices hit the 15% upper circuit filter seconds after the market opened for trading. When it hit the circuit for a second time after the mandatory cooling...

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• Has steel turned around? In late April, John P Surma, chairman & CEO of US Steel, said that “we continue to face an extremely difficult global economic environment. We expect an operating loss in the second quarter as our order book remains at low levels and idled facility carrying costs...

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Crude oil production is outpacing demand with the result that millions of barrels of oil are getting added to the inventory. Commercial crude stockpiles as reported by the US Energy Information Administration is at 19-year highs. And yet oil shows no signs of declining below $50. What is the...

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Different cultures place different emphasis on volume and tone of voice. Awareness of these is crucial A key element in communications, apart from those discussed earlier, is tone. Tone is one of the six aspects of paralinguistics, a component of communication that gives colour and flavour to...

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Keynes’s value investing covered not just stocks but art as well. In World War II, the German Spring Offensive generated enormous panic in the French capital. Thousands of Parisians streamed west from the city, but battling against this current of people was Maynard Keynes. He had heard from his...

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Return on net worth or return on equity (RoE) tells us how much profit a company generates from the equity its shareholders invested. It is a ratio of post-tax net income and equity shareholding. For instance, an RoE of 20% indicates that a company has generated a return of 20% for each rupee...

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Future Generali India Life Insurance has launched a children’s life insurance policy – Future Child Benefit Plan. The plan focuses on providing financial security to a child. It offers two options to receive money-back payouts at regular intervals – Benefit Plan Option @ 21 and Future Child...

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