DAILY NEWS: OUR PICKS


CAG said GMR-led Delhi International Airport can potentially earn Rs1.63 lakh crore over a 60-year period from the land given to it on a lease of Rs100 per annum   New Delhi: Slamming the levy of development fee on passengers using Delhi Airport, the  Comptroller and Auditor General...

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CAG said the permission to use of excess coal from Moher, Moher Amlohri and Chhatrasal blocks allocated to RPower's Sasan power project after its award "not only vitiated the bidding process but also resulted in undue benefit to the company New Delhi: Flaying post-bid concessions to...

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The CAG report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states New Delhi: The Comptroller and Auditor General (CAG) on Friday said private companies are likely to gain...

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Justin Elliott (ProPublica) 17 August 2012
Opponents of military budget cuts and several mainstream media outlets in the US have repeatedly cited an inaccurate, inflated figure Anxiety is rising in Washington about the big cuts to military spending slated to go into effect in January unless Congress takes...

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AK Ramdas AK Ramdas 17 August 2012
Foreign investors, who are wary of delays and uncertainties associated with project clearance, have reiterated their interest in participation in coal projects provided government sets up a workable single window clearance which works within a time frame   In the last few months Moneylife...

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SEBI on Thursday announced a slew of measures covering IPO and mutual funds. Many of them will have no effect, since SEBI refuses to acknowledge that the vast majority of people are disillusioned with IPOs and mutual funds Mumbai: Investing in mutual funds (MFs) might become more...

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On its first day, ‘Ek Tha Tiger’ apparently recovered about 50% of its production cost and all the shows of this Salman-Katrina starrer in the Mumbai circle are supposedly fully booked for the first week Call him by any name, but Salman Khan once again proved that when it comes to...

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Moneylife Digital Team 16 August 2012
Kemrock Industries & Exports tumbled to nearly half its price in 10 days. Poor results, increasing finance costs and additional pledging of shares has resulted in investors dumping the stock   Kemrock Industries & Exports, which was trading at around Rs500 per share sometime back, has...

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Moneylife Digital Team 16 August 2012
While the insurance sector is seeing subdued employment potential, Reliance Life has already hired around 7,000 advisors in April and May and expects the number to cross 50,000 persons in fiscal ending 31 March 2012 Leading private sector insurer Reliance Life will hire nearly 50,000...

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Moneylife Digital Team 16 August 2012
The global investment bank said that the RBI is facing a dilemma on policy action in the current stagflation-type environment. Growth is slowing yet inflation remains a challenge The Indian research arm of global investment bank, Morgan Stanley, in its “India Economics” report said...

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Veeresh Malik Veeresh Malik 15 August 2012
This is a subject Moneylife has written on many times in the past. It now appears that RBI has finally taken some steps. It is now up to you as a consumer to ensure that your bank/branch/ATM is subscribing to those RBI directives The Reserve Bank of India (RBI), to its credit, has one of...

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Yogesh Sapkale Yogesh Sapkale 14 August 2012
After filing several complaints with various authorities including the Competition Commission, Cama Motors, which raised a stink about Mercedes Benz, asks if there is any authority in India which can take a decision on such matters in customers’ interest Ahmedabad-based Cama Motors, one...

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Jason Monteiro Jason Monteiro 14 August 2012
Underperformance of mutual fund schemes is a serious cause of concern for investors. Fund companies opt for mergers while SEBI just looks on In a recent case, the Bombay High Court has sought an explanation from SBI Mutual Fund about why one of its schemes— SBI One India Fund has yielded...

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Moneylife Digital Team 14 August 2012
The sharp drop in exports and higher oil prices in India are offsetting the improvement in the country’s trade deficit, says Nomura Economic Research   Nomura Economic Research believes that India's balance of payments position is on a razor's edge. This is predominantly due to the...

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SEBI also asked stock exchanges to conduct immediate scrutiny of the audit issues highlighted in these documents and seek necessary clarifications from the company Mumbai: Tightening noose around companies trying to hide issues raised by auditors in their voluminous annual reports,...

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IRDA has found lapses in various rules, including non-adherence to norms of referrals and preparation of financial statements, by Tata-AIG Life Insurance Company New Delhi: The Insurance Regulatory and Development Authority (IRDA) has slapped a penalty of Rs49 lakh on Tata-AIG Life...

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RBI has just come out with guidelines for issuance of “Payable at par/Multi-city” cheques to all eligible customers in a standard format. But the RBI should have thought of many other possibilities of offering a wide variety of services using CBS. Here is a list of benefits it could have...

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Moneylife Digital Team 13 August 2012
Poor returns, a weak government with no appetite for reforms have scared off many investors, including foreign investors from the stocks of PSUs. In the mid-90s, many savvy investors had met with the same fate and swore not to invest in government company stocks. This only shows how and why...

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Yogesh Sapkale Yogesh Sapkale 13 August 2012
Cama Motors, a highly reputed and one of the oldest dealers of foreign cars, has made allegations of murderous malpractices of Mercedes Benz. It charges Mercedes of being neck-deep in a variety of immoral and unethical practices   Would you believe it if you received a letter from...

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Kingfisher Airlines soared 20% on the bourses today on reports that the company is in discussions with several strategic and financial investors to bring fresh capital   The Kingfisher Airlines stock today rose sharply by 20%, to the highest trading permissible limit for the day,...

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