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Organised theft of all sorts is a well-defined industry worldwide, with its own rules and regulations. While media reports of car thefts are few and far between, a group of car thieves in India admitted to learning the art of selling stolen cars and then stealing them back in a few hours in a...

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The Unique Identification Authority of India (UIDAI) is working overtime to give every Indian a unique identification number (UID) that would ease complex know-your-customer (KYC) procedures requiring repeated submission of documents. Nandan Nilekani, chairman of UIDAI, revealed the intricacies...

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  Premier Explosives is on a strong growth path and seems to be backed by good R&D  Secunderabad-based Premier Explosives Limited (PEL) is a small but growing company that will not appear on the radar of institutional investors. Its turnover for the year ended March 2009 was just Rs70 crore...

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We all know that the first question a healthcare provider asks before starting any treatment is whether the patient is insured. We suspect that if we reply in the affirmative, the cost of treatment shoots up. No wonder several health insurers are reporting a negative claim ratio which means that...

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Moneylife Digital Team 05 October 2009
The Indian economy has emerged somewhat unscathed from the fury of a global recession. The latest reading on the Index of Industrial Production (IIP) has recorded 6.8% increase over July 2008, indicating robust industrial performance. The estimated gross domestic product (GDP) growth in the...

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Selective Policy Carrying plastic money is a convenience that many of us have got used to. But, there is too much risk attached to it, given the fragility of electronic security and the poor billing systems of almost every issuer. An e-wallet or stored-value card, which can be topped up (like...

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The market regulator plans to stipulate a 25% free-float for listed companies. What should you be doing?   Market regulator SEBI (Securities and Exchange Board of India) wants to ensure that at least 25% of the share capital of any listed company is held by non-promoters. This move has been in...

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Maruti Suzuki zoomed 9% and Hero Honda surged 5% on the back of robust sales growth in August Gainers: Maruti Suzuki India gained 9% on the back of a 42% surge in car sales in August over the same month last year. It also plans to double its exports this fiscal year to 1.5 lakh units and is...

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Dhanalakshmi Bank zoomed 17% on the back of a brand revamp plan Gainers: Dhanalakshmi Bank (up 17%) plans a brand transformation initiative which will include changing the logo and related branding treatment. The Bank has hired London-based Fitch for the rollout of a new brand identity and...

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Oil & gas services soared, despite sluggishness in the price of crude oil. Education, office equipment and real estate also gained smartly. Healthcare was the worst performer, followed by oil & gas. Steel ended flat, despite signs of a revival in demand.

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Insider activity was minimal last fortnight. The main promoters of Neocure Therapeutics were very active. Rajeev Reddy, chairman & MD, bought 3,25,855  shares; Siddharth Reddy, joint MD & CEO, bought 3,23,840  shares; and Varun Reddy, joint MD & COO, bought 3,57,727 shares. Each of them has a...

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Debashis Basu  and   Swapnil Suvarna 24 September 2009
Are you the kind who wants mutual funds to perform but not give you heart attacks when the market crashes? Here are 13 schemes from eight fund houses that may be worth looking at. Debashis Basu and Swapnil Suvarna analyse What is the best way to choose a mutual fund? There are no easy answers....

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Nitta Gelatin is 80% owned by a Japanese company and its profits are growing fast Nitta Gelatin Ltd (NGL) registered a terrific performance in 2008-09. Sales increased 25% due to increased production, better price realisation and improved sales mix. This is clear from the fact that while...

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      Aluminium prices saw a revival during June-August 2009 due to supply concerns of Japanese primary aluminium buyers in the March 2009 quarter. Also, following an accident at Russia’s largest hydroelectric power station in Siberia, RUSAL, the world’s largest aluminium producer, has...

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Gold Loses Lustre… Despite the festive season, gold import declined by a huge 90% in August 2009, as the high prices deterred people from buying the precious metal, especially after drought triggered fears of a dent in rural income. The import of gold this festival season (September-December)...

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During the past one year of sluggish economic growth, the performance of several sectors has been salvaged by the robust growth in rural consumption. This includes steel for roofing, mobile services, commercial vehicles to serve the rural needs and growing demand for consumer goods from rural...

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Will mutual funds now actually search for and know their customers? The Securities and Exchange Board of India (SEBI) has barred the funds industry from charging upfront fees for selling fund schemes. The idea is to force distributors to actually serve retail investors. But what would be the...

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ICICI Prudential has filed an offer document to launch two index funds. One of them is ICICI Prudential NiNJA (Nifty and Nifty Junior Advantage) Fund. It’s a hybrid index fund which will put a part of the money in Nifty stocks and another part in Nifty Junior stocks. It will actively manage the...

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