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Winners Among the A-graded stocks, oil marketing company Bharat Petroleum (BPCL) surged 13% during the fortnight, thanks to continuously declining prices of crude oil. Titan Industries, which has plans to open 300 retail stores across the country, for its ‘Titan Eye’ in the coming three years...

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Moneylife Digital Team 20 December 2008
Fund of funds (FoFs) attempt to capture the best of fund management expertise by investing in the units of mutual funds rather than buying stocks directly. They ought to be super fund managers. How have these funds done over the past one year? There are 37 FoFs of which only 29 have been in...

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After a brief relief rally from 8,701 (week ended 24th October) to 9,964 (week ended 7th November), the Sensex declined again. At the time of writing, the index stands at 9026.72. We had mentioned that the rally that we were witnessing was a false one, and the index was likely to come down. This...

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The way you interact speaks volumes about your personality The other day, a friend and I were talking about a common acquaintance. Neither of us knows this person too well, but had met him a couple of times socially and professionally. However, both of us carried a very positive image of the...

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Credibility Alliance aims at making NGOs more accountable and transparent. Sharvari Abhyankar explains how In this space, you have been reading about various non-government organisations (NGOs) striving for a better and more equitable world, by bridging the gaps in our development saga. Most of...

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The worst time is when they are offered as lollipops The business of mutual fund industry rests on a strange paradox. Investors should buy funds when the market is down. But they don’t – for a variety of irrational factors. So, fund companies don’t have much of a choice in when to launch funds....

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MoneyLIFE Team 18 December 2008
The government as well as industry are involved in lies, kite-flying and posturing. A blind belief in their public announcements and pronouncements could reduce your already depleted wealth, MoneyLIFE Team analyses In the middle of October, as markets all over the world crashed and...

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We are making extensive changes to the list. In all, 20 stocks, all of B grade and mostly from the steel sector, go out while the list gets heavily tilted towards Indian pharma Gainers Nine of the B-graded stocks managed to go up last fortnight. Topping the list was EIH Ltd, which rose 14%....

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The booming stock market had lured a diverse set of people into believing that leveraged trading would lead to quick riches. Nutan Lugani, a former banker and financial counsellor, writes about the many lives that are shattered by the stock market crash We call him our ‘Nano’ customer, since he...

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Ajit Mantagani 18 December 2008
This book is superbly timed. Is there anyone, anywhere, not worried about growth now? Robert Bloom is direct, simple and focused on results, combining his understanding of the power of classic ideas in marketing with experience which he explains lucidly in the context of the contemporary...

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Robert Hsu was born in China and raised in Southern California. He was an investment banker with Goldman Sachs, became a millionaire at 29, and ‘retired’ at 30. He is now the president of a private-client money management firm called Absolute Return Capital Advisors, the publisher of two...

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  Reading the two stories of Nutan Lugani, who is counselling for ICICI Bank through Disha, transposed me to nearly a quarter century ago. The head of this very organisation – ICICI, then a development bank and providing finance only to industry – told me that 90% of top management time had to...

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Gold was down 2.2% so far this year but has suddenly moved up 9% in five trading sessions at the time of writing this piece. What is driving gold? Speculation that the Federal Reserve will cut interest rates is impacting the dollar and boosting the appeal of gold as an alternative investment....

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A Rally Looks Likely, If… In the last issue, I had said that stocks would be buffeted by a daily conflict between negative news and positive market action and vice-versa. If the US and Asian markets are down, the Indian market too would go down. This is what happened last fortnight; the Indian...

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Fund management is a business, like consumer products. So, just as Lux of Hindustan Unilever comes in many variants, so do funds. About two years ago, a new fund flavour hit the market: global investing. A rash of funds appeared which claimed to make money for you by investing in a Korean or a...

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Job losses in financial services have been savage The slowdown is on in full swing. Everyone I meet is privately worried about business and jobs. Businesses are preparing for a slowdown by chopping costs. Unfortunately, in the services sector, chopping costs invariably includes layoffs. Layoffs...

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The US is a land of stock newsletters. There are hundreds of them advising investors on what to buy and sell. They use a variety of strategies and techniques to recommend stocks. Guess which is the best performing one recently? It is one that relies on astrology! Yes, Crawford Perspectives run...

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Someone closely connected with managing the impact of the global financial crisis tells us that the government in election mode is unwilling to take any drastic action to finance cash-strapped industries which had over-ambitiously extended themselves during the bull run. The strategy, it would...

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A Goldman Sachs’s report predicting that India’s property market is “poised for a deep correction” has finally shaken up realty czars. Goldman says that it expects a drop of 30% from current levels, while many banks and lending institutions believe that prices need to drop a minimum of 50% or...

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Aarti Drugs will grow and the stock is cheap The Indian pharma sector comprises a diverse set of players. There are somnolent multinationals, dictated by the policies of their remote parents. The larger Indian ones, like Dr Reddy’s and Ranbaxy, have tried to go down the path of patent...

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