Issue of 15th Nov-21st Nov 2019
LEAD ARTICLE
online financial magazine
Could Investors Have Sidestepped the 75% Crash in VA Tech Wabag Stock?
VA Tech Wabag is a very reputed name in water treatment, sewage treatment and seawater desalination. The company operates in 20+ countries. It has completed more than 6,000 projects so far, has three R&D centres across the globe and has more than 100 patents to its name.   The stock was trading at Rs827 in November 2014. On 8... Read More
CROSSHAIRS
Last week, I wrote about how the Reserve Bank of India’s (RBI’s) inspection reports, procured by Girish Mittal under the Right to Information (RTI) Act, had all but identified the fraud that led to PMC Bank’s (Punjab and Maharashtra Cooperative Bank) eventual failure way back in 2014-15; but...
STOCKS
A second auto-ancillary company that has turned out good results, apart from GNA Axles, is Suprajit Engineering (Suprajit). While its net profit growth (up 90%) is misleading due to a huge rise in other income and sharp fall in tax provision, it is interesting to see that it has maintained...
The automobile sector, which is cyclical in nature, is currently facing a severe slowdown in India. This, in turn, affects the fortunes of the intermediaries in the supply chain, such as auto-ancillary companies. It is not clear when the domestic market will pick up. However, even though the...
Moneylife Digital Team
SMART MONEY
Globally, the role of an independent director got attention after the Penn Central default on commercial paper (which also gave a boost to the credit rating concept) in 1970. Much later came the Cadbury report, in 1991, which talked about corporate governance. Since then, companies all over...
MUTUAL FUNDS
In October 2019, ICICI Lombard General Insurance Company  and Infosys were the most preferred stocks of Indian mutual funds. The net purchases of ICICI Lombard General Insurance were Rs1,114 crore. Bajaj Finance  and ICICI Bank were the most sold stocks. The net sales of Bajaj Finance were...
Moneylife Digital Team
The current returns on investments made two years ago, when equity markets performed at their best, are shocking. More than one-third of the equity mutual fund (MF) schemes have yet to recover from their losses.    The returns from another third are unsatisfactory—less than...
Clinton Fernandes
TECHNOLOGY
When shopping for a smartphone, a majority of iPhone users say that default privacy settings are a significant factor in their purchase decision.    This is not a surprise, as much of Apple’s recent marketing has been around their commitment to privacy. However, half of iPhone users...
HEALTH
Doctors have often prescribed meditation and other stress-reduction techniques as possible treatments for depression and anxiety. Though yoga has become increasingly popular in recent decades, it has received less attention in medical literature until now. A new study has found evidence that...
Akshay Naik
MONEY FACTS
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