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Ponzi schemes are born every second. They make false claims to systematically plunder gullible people. But why are our regulators and ministries silent? The ministry of consumer affairs as well as every independent regulator in the country spends tens of crores of rupees on advertisements...

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Moneylife Digital Team 19 May 2011
After a great 2009-10, the performance of this multi-product company fell back over two quarters. But at the current market price the stock appears to be a good investment Birla Corporation is the flagship company of the MP Birla group. It was incorporated as Birla Jute Manufacturing Company...

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Moneylife Digital Team 19 May 2011
Will the overseas parent deliberately weaken MphasiS? The next two quarters will show the intention MphasiS, a unit of Hewlett-Packard (HP), is a mid-size company into application development and maintenance services, infrastructure technology outsourcing (ITO) services and business process...

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Moneylife Digital Team 18 May 2011
Nifty headed for the first support of 5,340, subject to a minor rally The market opened with small gains taking cues from the Asian bourses which were up in morning trade. The Sensex opened 40 points higher at 18,177 and the Nifty added nine points to its previous close to resume trade...

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Moneylife Digital Team 17 May 2011
Watch out for 5,340 on the Nifty for possible support A couple of negative corporate news reports pulled down the indices in trade today. The State Bank of India and ONGC emerged as the top losers as the country's biggest lender reported a huge decline in profit and the oil explorer was...

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Moneylife Digital Team 16 May 2011
If the Nifty is able to hold above 5,540, the market can expect some gains. On the downside the support is at 5,390 The steep hike in petrol prices which came into force on Sunday, rattled investors, and led to the market opening lower. Negative cues from the global arena also added to...

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Some years ago when privatisation became the rage, many people predicted that state-owned firms would eventually be sold off. But that hasn’t happened. Even today, state-owned companies control the majority of resources and business. And they simply don’t make money During the 1990s we saw a...

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Moneylife Digital Team 13 May 2011
While setting aside the orders passed by the Sessions Court, the HC has allowed a revision application by VMoksha's co-founder Rajiv Sawhney against H&M The Bombay High Court has set aside the orders of the Sessions Court and allowed a revision application of VMoksha Technologies co-founder...

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Moneylife Digital Team 13 May 2011
The market is trying to shrug off the downtrend, but it could be a short-term rally that tops out at 5,620-5,700 The election verdict from the four states and one Union Territory seemed to have a positive effect on the bourses today, as after lying low for four days, the market was in...

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Moneylife Digital Team 12 May 2011
As expected, another downleg of the ongoing decline has started. The support has shifted down to 5,400 on the Nifty The market opened lower, tracking the weak Asian markets in early trade and concerns about the industrial output data for March and weekly food inflation numbers, which...

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Moneylife Digital Team 11 May 2011
Another Future Group company, Pantaloon Industries, also bought 98 lakh shares for another Rs8 crore to prevent a further fall of the stock price on debut. But the Future Ventures share is still struggling well below its issue price Future Ventures India Ltd, the investment company promoted...

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Moneylife Digital Team 10 May 2011
The stock price of the country’s only listed microfinance firm crashed 35% in two trading sessions, leading the market regulator to initiate an inquiry into possible insider trading The SKS Microfinance stock price crashed by 20% on the bourses on Friday, after brokerage house JP Morgan...

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Moneylife Digital Team 09 May 2011
Expect selling pressure at the Nifty level of 5,600 The market opened with gains following last week’s sell-off in commodities, especially crude, easing the government’s worries about higher prices. Sensex and Nifty opened in positive at 18,629 and 5,575. Immediately the market hit their...

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The crash in silver and some other commodities highlights the dilemma of every investor in a potential bubble. Do you see the market heading for the cliff and sit out?  Or, do you believe the growth forecasts and stay on board? Momentum is a prime ingredient of any investment decision, but how...

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Moneylife Digital Team 06 May 2011
We see a resistance at around 5,600-5,650 on the Nifty The decline over the last few days was on low volume, which possibly means that many players have not had the chance to sell earlier. They will emerge as sellers once the market makes a decent recovery. The Sensex and Nifty...

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The British bank lured greedy US-based Indians with schemes that would help them avoid paying US taxes The dubious role of HSBC’s (Hongkong and Shanghai Banking Corporation) managers in luring greedy Indian-Americans to dodge US taxes has been virtually buried by the Indian media—probably...

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Is there a basic change in the way the world perceives the dollar? |After a long time, we turned positive on the medium-term outlook last fortnight. That holds for this fortnight as well. The bulls have kept control and are even threatening to take the market to new highs. Either ‘the...

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Explosion on the eve of the Tamil Nadu elections After a brief lull, a second carefully timed Niira Radia bomb exploded on the eve of the Tamil Nadu elections. Strangely enough, instead of embarrassing the DMK government, this set of leaks targets agriculture minister Sharad Pawar....

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Even as credibility and finance are at all-time lows, the TV company has got yet another investor to pick up a big chunk of its equity Its viewership claims are impossible to believe; its credibility at a nadir; and its finances in a mess. Yet, every few months, the financially beleaguered...

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Moneylife Digital Team 05 May 2011
The versatile quality tyre manufacturer is expanding its range in India, in line with the robust outlook for the auto industry Goodyear India, a 74% subsidiary of Goodyear Tire & Rubber Company, Ohio, makes automotive tyres, tubes, flaps and related rubber products at Ballabgarh (Haryana)...

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