Fwd: Today's Exclusives - Reliance Communications dubbed "poster child of everything wrong with Corporate India"

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Jul 21, 2011 at 6:32 PM
Subject: Today's Exclusives - Reliance Communications dubbed "poster child of everything wrong with Corporate India"
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21 July 2011   Moneylife Exclusive Reliance Communications dubbed "poster child of everything wrong with Corporate India" Moneylife Digital Team A new research alleges that Reliance Industries and Reliance Communications have shortchanged investors by over Rs25,000 crore at the RCom formation and that profits have been inflated at RCom between 2006-2010 by almost Rs11,000 crore...     Exclusive Column     China just cannot do anything wrong, at least that's what the government and some economists think William Gamble There is a lot that may not look right with the Chinese economy. Yet the faith that the Chinese government and foreign economists place in Chinese regulations, restrictions and policies remains absolute...       Other ML Exclusives   Sector funds twist mandates; invest up to 42% of total assets in stocks not related to their sector In several instances, funds have overstepped their mandate to 'boost' returns; infrastructure funds have major holdings in Bharti Airtel, ICICI Bank, Reliance Industries and ONGC... ............................................................................................................................................... Daily Market Report: Share prices in a slow downtrend Nifty has been wilting slowly. The next support is at 5,520... ............................................................................................................................................... Banks and financial literacy: Ears to the ground Banks are wasting money in non-productive accounts or micro-overdraft, giveaways that are ultimately paid out of taxpayers' funds which they get in the form of recapitalisation... ............................................................................................................................................... Compact Disc India's decision to put delisting plan on hold hurts investors; stock down over 20% The company says it wants to get the HSBC Bank repayment case out of the way. Will also file Rs20 crore defamation and damages case against the bank... ............................................................................................................................................... SEBI directs BSE to allow inspection of files under RTI; stock exchange disregards directive a second time Yogesh Mehta, a former member broker, has for over three years been demanding information with respect to market making by the BSE. He says this resulted in a cost of nearly Rs90 crore and benefitted just a handful. The stock exchange will not cooperate, saying that it is not a public body and that the information is confidential... ............................................................................................................................................... The US cannot afford to just wait and watch as Pakistan slips into a 'failed state' Pakistan cannot survive without economic and military assistance from the US. Likewise, terrorists cannot operate without support in Pakistan. The US must use its enormous resources and its influence with Pakistan to deal with the war on terror and bring the perpetrators to book... ............................................................................................................................................... Prayas outlines steps to develop gas infrastructure, open up competition, before freeing prices Pune-based NGO believes this will enable the better use of natural gas instead of oil and enhance energy security and revenues... ............................................................................................................................................... Restoring the value of people and the use of people's money in emerging India We have missed out on the correct valuation of cooperation over competition, quality over quantity, standard of 'life' over standard of 'living' and the innate urge to give rather than to grab... .............................................................................................................................................. Personal finance today - HDFC Mutual Fund unveils 375 days fixed maturity plan - HDFC Mutual Fund introduces 92 days fixed maturity plan - LIC Nomura Mutual Fund unveils Fixed Maturity Plan Series 48 - Aviva Life introduces dynamic P/E fund option     At a Glance   - Hero Honda Q1 net profit rises 13% to Rs558 crore - Biocon consolidated net dips 9% to Rs70 crore in Q1 - Cabinet clears merger of SBICI with SBI - Food inflation slips to 7.58% for week ended 9th July - 7% of account holders use Net for banking: McKinsey report ON STANDS NOW Corporate Wrap-up   - Crisil's Q1 net profit jumps 33.44% to Rs44.45 crore - Godrej Properties signs MoU with State Bank of India - JSW Energy Q1 net profit declines to Rs190 crore   Moneylife Columns     Infomedia Yellow Pages: Don't know their customer Anil Thakraney At no point in the ad does Infomedia Yellow Pages tell its customers what is so special about their product that will help to boost customers' sales. Business growth for small players is a very serious issue, and it has to be handled with facts and logic...     Real estate prices: Something's got to give R Balakrishnan Property rates are exorbitant, inventories are piling up. But this sector could offer some good picks—if there is a revival...       Face 2 Face   'We plan to make the Wellspring healthcare model work by not being greedy' Dr Gautam Sen and Kaushik Sen, co-founders of Wellspring Healthcare, believe that they can make a difference to the healthcare system through their community centres which aim to offer basic facilities under one roof...   Editor's Pick   China is slowing down HSBC's China flash manufacturing PMI has fallen to a 28-month low in July. ...................................................................................................................................................... Britain may have come to a grinding halt The OECD says that the UK economy is "near standstill." ...................................................................................................................................................... Greek bailout: Germany & France shake hands The countries have reached an accord for a second Greek dole. ...................................................................................................................................................... The IMF calls for a stronger yuan Obviously, China is not amused. ...................................................................................................................................................... Will Murdoch lose his grip? The media baron may not be able to run his empire as he pleases anymore. ...................................................................................................................................................... Cartoon of the week Is this the beginning of the end of an empire?   Book Review   Beyond stocks and bonds Debashis Basu '"The Little Book of Alternative Investments" explains hedge funds for the masses and describes other ways to diversify.   FROM the ARCHIVES   Where's the guarantee that Mumbai will not suffer another terror attack, while the government sleeps? Maharashtra home department concedes in its reply to an RTI application that it has not implemented the nearly three-year-old directive of the Supreme Court to constitute the proposed security and police authorities to facilitate accountability and better governance... ...................................................................................................................................................... Dubious companies: Again and again How scamsters vanish, and make comebacks, but the market regulator will do nothing...   FORTHCOMING EVENT   Understanding pyramid schemes Sucheta Dalal explains how pyramid schemes lure and con so many people, at a workshop at the Moneylife Knowledge Centre, on Saturday, 23 July 2011. To register call Dione/Judith/Seraphina on (022) 2444 1058-60 or email us at mail@mlfoundation.in, For details click here..   To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

 

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