Issue of 25th Jan-31st Jan 2019
LEAD ARTICLE
financial magazines online
Mold-Tek: Can It Create a Moat for Itself?
Mold-Tek Packaging (Mold-Tek) is into rigid plastic containers for paints, lubricants, food and fast-moving consumer goods (FMCG) companies. Mod-Tek started its operations in 1986 and, currently, has a market-capitalisation of Rs750 crore. It is led by J Lakshmana Rao, who started his entrepreneurial career by manufacturing moulds and... Read More
Ankush Agrawal
CROSSHAIRS
Uday Kotak is a cautious and savvy banker with deep and strong connections in the business world.  However, by no stretch, is he an activist. So, why would he drag his regulator to court, especially the Reserve Bank of India (RBI) which has always guarded its ‘independence’ or lack of public...
STOCKS
Prabhat Dairy has struck a deal with French major Lactalis to sell its dairy business for Rs1,700 crore at 1.1 times its FY17-18 sales. The transaction constitutes 98.24% of the consolidated revenue of Prabhat Dairy and contributed Rs1,529 crore in sales in FY17-18. The deal is expected to...
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Harsh Gadodia
SEBI has disapproved the share buyback proposal of L&T. I am sure, several investors, especially retail investors, are perplexed. L&T has followed due procedure; taken shareholder approval. So why is the Securities Exchange Board of India (SEBI) not allowing it?   The legalese...
MUTUAL FUNDS
After a brief pause, the Infrastructure and Leasing & Financial Services (IL&FS) company’s contagion has resumed its mayhem on the debt market. This time, it involves loans turned bad by the parent’s group company, IL&FS Transportation Networks’ special purpose vehicles (SPVs), namely,...
Clinton Fernandes
INSURANCE
Tata AIG General Insurance Company has launched a health insurance plan, called ‘Medicare’, under three variants—‘Medicare Protect’ ‘Medicare’, and ‘Medicare Premium’. The Medicare variant of health insurance aims to provide flexible and all-inclusive features. The minimum entry age for the...
Moneylife Digital Team
LEGAL
Many Indian banks and financial institutions have, in recent years, been requesting customers to complete a ‘FATCA compliance certificate’. The reason for the request is that India and the US signed an agreement to implement the Foreign Account Tax Compliance Act (FATCA) which allows...
Parag Patel
TECHNOLOGY
The growing popularity of social media platforms, including WhatsApp, has led to an upsurge messages that go viral. While some messages are fun, many can be harmful. Many users simply forward any or all messages without even realising implications of doing so.    The main reason for...
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