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In a down and out real estate market, National Stock Exchange (NSE) and its group companies bought a 80,000 square feet (sq ft) commercial space in Kohinoor City, near Vidyavihar station, for Rs15,000 per sq ft. NSE does have a huge office at Bandra Kurla Complex (BKC), then where was...

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What is your first product for the Indian market and who is it meant for? It is a mutual fund distribution platform which will bunch all transactions of all the clients of each IFA. Right now, investors buy and sell fund units and deal with different funds directly. iFast’s product will...

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The Bombay Stock Exchange (BSE) seems to have taken the first concrete step to work towards a revival plan by appointing Madhu Kannan as managing director and chief executive officer. Mr Kannan is eminently qualified for the job. He has an engineering degree (electrical and electronics) as well...

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Here is an example of how employees initiated change. Why can’t we do this at broader levels? This piece is inspired by the poor voter turnout in the recent elections in Mumbai, the centre of commercial activity, India’s financial capital. Even accounting for the fact that elections coincided...

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This is an immensely enjoyable, witty and yet perceptive analysis of the 100-year-old cauldron of capitalism by a journalist who made it to the Harvard Business School (HBS) and fumbled through it. As an IIMA alumnus of 1972 vintage (IIM Ahmedabad was started in affiliation with HBS), I could...

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The arrest of Nationalist Congress Party’s (NCP) Member of Parliament (MP) Padmasinh Patil has raised more questions than answers. The main question is, why was Patil desperate to get rid of his cousin and one time right-hand man Pawan Raje Nimbalkar, that too when Nimbalkar was already...

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Hopes of global revival have sparked off big moves in two stocks. Will their momentum sustain? One of the big movers among the actively-traded stocks in the recent rally is Sesa Goa, India’s largest private-sector exporter of iron ore. Between 6 March 2009 and 12th May, the stock gained 91%...

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These seven stocks have recorded accelerated sales and good operating profit growth The economic environment has been tough for the past few quarters but many Indian companies have recorded consistent sales growth. What’s rare, however, is companies recording accelerating sales growth over...

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Reliance Industries Ltd (RIL), India's largest petrochemicals company, said its European unit Trevira GmbH has filed an application for insolvency proceedings with a restructuring plan with the Augsburg Court in Bavaria, Germany. In a release to the Bombay Stock Exchange, RIL said...

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Why are we lowering already low accounting standards? It is time the annual reports of Indian companies carried a disclaimer that says ‘Any resemblance to reality is merely coincidental.’ I am always amused by the two-faced statements that emanate from both, government and private companies,...

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National Thermal Power Corporation Ltd (NTPC), India's largest power generator, reported a higher fourth quarter net profit on robust revenues. In a filing to the Bombay Stock Exchange, NTPC said for the quarter to end-March, its net profit grew Rs21.1 billion from Rs13.4 billion as total...

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Should you follow the old market saying, ‘When in May, sell and go away’? Markets are on a tear globally. The Sensex is up 40% from its lows and is now one of the bestperforming markets during this rally. In our previous issue, we had suggested that the market was ripe for a pullback; the...

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Companies that earn a high return on net worth are a rare breed. They are the most attractive from the shareholders’ point of view, since they do what businesses are meant to achieve: earn high rates of return on invested capital. The high earnings give them the opportunity to invest some or...

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The government is supposed to come out with Indian Government Accounting Standard (IGAS) which are likely to be mandatory from financial year 2010-2011. The IGAS is based on the International Public Sector Accounting Standards (IPSAS) issued by IPSAS Board which constitutes international...

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Small- and mid-cap stocks are shooting up; not the schemes that aim to take advantage from their rise A strong global rally, declining inflation rate, interest rate cuts and positive signs in global economic data after several stimulus packages have ensured that the Indian stock indices have...

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India's largest multi-utility vehicles maker Mahindra & Mahindra Ltd (M&M) said its fourth quarter net profit rose 89%, mainly due to special adjustments made on its acquisition of Punjab Tractors Ltd. In a filing to the Bombay Stock Exchange, M&M said, for the quarter to end-March,...

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India's diversified company ITC Ltd reported a higher fourth quarter net profit but its total revenues were down. For the quarter to end-March, the tobacco to IT company, reported a net profit of Rs8.08 billion from Rs7.35 billion even as total revenues, including sales, declined to...

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GMR Infrastructure Ltd (GMR Infra) said its parent GMR Group bought Singapore-based private electric utility Island Power Project from power producer InterGen NV. The company did not divulge financial details but said the project would bring about $1.5 billion as foreign direct...

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Bajaj Auto Ltd, India's second largest two-wheeler maker reported a 8% higher net profit in the fourth quarter to end-March despite a fall in revenues, including sales. In a filing to the Bombay Stock Exchange, Bajaj Auto said for the fourth quarter to end-March, its net profit...

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John Maynard Keynes was a Cambridge don, a key member of the Bloomsbury set of artists, painters, polemists and philosophers with liberated mores (Keynes was bisexual when young), best-selling author, later a devoted husband to a world-famous ballerina, father of modern macroeconomics, wise...

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