DAILY NEWS: OUR PICKS


Moneylife Digital Team 29 August 2012
The AC buses plying on the BEST network in Mumbai, known as King Long buses, are in fact manufactured by JCBL in Mohali and have nothing to do with the Chinese bus maker, except few parts here and there Commuters travelling by the AC buses run by the BEST Undertaking in Mumbai are...

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MG Warrier MG Warrier 29 August 2012
Corrupt people take shelter under the age-old protection available to those facing allegations to the effect that “until proved guilty”. If we miss the opportunity to cleanse public life and allow our position in international assessments to drift further, it may take ages to redeem the...

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Moneylife Digital Team 28 August 2012
A Visa survey found that eight in 10 Millennials believe that they will one day be able to do all their shopping and bill payments online, while 73% believe this will be possible with a mobile phone   Thriving on a diet of online shopping, mobile banking and virtual games, young...

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Moneylife Digital Team 28 August 2012
With the market already full of ULIPS that inflicted losses on the savers, here’s another product that joins the category. Will it be any better than the existing ones? HDFC Life Insurance has launched a single premium ULIP (unit linked insurance product) plan named “Invest Wise”, which...

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Moneylife Digital Team 28 August 2012
Spectrum re-farming is flagged once again and the government has stated that additional spectrum will only be made available after reserving spectrum for re-farming   Nomura Equity Research says that it is hard to see many positives in the spectrum auction guidelines and the only...

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Moneylife Digital Team 28 August 2012
The US watchdog, the Securities Exchange Commission, announced its intention to clamp down and virtually shut out a $600 million Ponzi scheme called ZeekRewards. Will our regulators and law enforcers learn? United States market watchdog, the Securities Exchange Commission (SEC),...

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Greed has trampled over trust, respect and legality, the HDFC chairman said, while recalling a new word coined recently, 'Banksters' -- implying that bankers were ready to dethrone gangsters with their despicable behaviour Mumbai: At a time when bankers across the world are being termed...

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AK Ramdas AK Ramdas 28 August 2012
Since Power Grid Corporation has the jurisdiction over the regional grids, it must maintain an overall control and must mercilessly trip off power supply when a user plays foul Nearly four weeks after the massive power failure due to grid breakdown causing some 700 millions to suffer,...

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Moneylife Digital Team 28 August 2012
The current earnings season may have turned out to be India’s worst over the last few quarters. However, a rising growth in the narrow money supply could lead to an improvement in broad market earnings. If this true, it would be an early bullish sign It is earnings growth that drives a...

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Moneylife Digital Team 27 August 2012
Looking at the weather charts and various signs, there would be more rains in next few days. This may also tell the so-called experts that this time the IMD was accurate in its earlier forecast, which it was ‘forced’ to lower The India Meteorological Department (IMD) had cut its...

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Moneylife Digital Team 27 August 2012
Bajaj Finserv has introduced online personal loans to its kitty of offers to high networth individuals. While net-savvy customers would like it, they need to be vigilant Bajaj Finserv, a diversified non-banking finance company (NBFC), has launched online personal loans for high net-worth...

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Moneylife Digital Team 27 August 2012
Out of the 101 pilots it sacked in July, the state-run carrier has so far reinstated around 50 pilots and some of them are undergoing training on the simulator since the past three days State-run carrier Air India has reportedly started reinstating pilots it sacked a few months ago....

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Moneylife Digital Team 27 August 2012
A report released by Morgan Stanley Research (Asia/Pac) states that volatility could increase going forward and also analyses the correlation between Sensex and FII flows Morgan Stanley Research (Morgan Stanley) has released a report titled “India Strategy: Elevated Importance of FII...

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Moneylife Digital Team 27 August 2012
The Vedanta group is known to have violated laws of the land in pursuing its industrial and mining projects across India. While it does not give political donations in the UK and European Union, the Anil Agarwal-led group admitted that it has paid $8.3 million to Indian political parties...

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Moneylife Digital Team 27 August 2012
Justice Ganguly speaks at the Conference of Lawyers for Social Justice and calls upon lawyers to contribute to the new freedom struggle waged by social movements Justice (Retd) Ashok Kumar Ganguly, presently chairperson of the state human rights commission, West Bengal called upon the...

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With rising NPAs of the banking industry and strain on their profitability due to slowdown in the economy, there is every justification for commercial banks to clamour for marked reduction in the CRR, which alone can provide some reprieve to the banking industry Of late, the Cash Reserve...

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RBI governor Dr D Subbarao recently said, “Inflation is a regressive tax for the silent poor”. Despite the RBI’s efforts, inflation refuses to come down. Moneylife columnist, in his open letter to the RBI governor, suggests ways to mitigate the miseries of the large majority of India’s poor

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Vidur Pendharkar 25 August 2012
While the Nifty has been holding around the 5,400 mark, the bulls were unable to make any headway even though they have been in control. One will have to wait for the market to decide its immediate future course S&P Nifty close: 5,386.70 Market Trend   Short Term:...

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Jake Bernstein (ProPublica) 25 August 2012
The life insurance industry tried to make variable annuities irresistible to investors and was enraged when a Rhode Island lawyer exploited the fine print for his own profit   Joseph Caramadre has spent a lifetime scouring the fine print. He's hardwired to seek the angle, an...

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Moneylife Digital Team 24 August 2012
It is imperative to ensure the safety of nuclear facilities in India, and the welfare of the people residing in the immediate vicinity of nuclear installations, emphasises Dr EAS Sarma, former Union Power Secretary, Government of India Following the Comptroller and Auditor General of...

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