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Month: May 2008

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Three Market Idiots by Brett Steenbarger

Three types of idiots exist in the market, says Brett Steenbarger of Traderfeed. The True Believer The Gambler The Self Promoter All of us know some of them, ...

Suzlon's REPower Stake Sale a Negotiating Tactic

DNA: Suzlon Energy hints at selling stake in REpower. Home-grown Suzlon Energy is looking at selling a part of the stake it holds in German wind energy peer ...

Aztec’s Story – From Rs. 80 to Rs. 80

In the second half of 2000, Bangalore was splashed with billboard advertisements about the next new thing, the software company anyone should want to work for. ...

Nifty EPS growth now 11%

On Feb 11, I’d written that Nifty’s yearly EPS growth was only 13%. The story gets worse. As of May 16, EPS growth has been just 11%, from 211.72 ...

Inflation, Oil and Exchange Rates

Inflation is at 7.85%, a 44 month high. And oil hits $128 for reasons unknown, but everyone speculates on the causes. With the INR-USD rate at Rs. 42.5+, the ...

ICICI Commercial Vehicle Loans Downgraded

From FT: The rating agency CRISIL has downgraded ICICI Bank’s securitised commercial vehicle loan pool worth over Rs 82 crore due to a drop in ...

SEBI makes Mastek change Buyback norms

From Fundoo Professor: Mastek published an important notice in The Financial Express (page 11, New Delhi edition dated may 16, 2008). The company disclosed ...

More Pooling Problems for PMS Providers

Hindustan Times: ‘No pooling’ norm to hit PMS hard: As per industry estimates, close to Rs 10,000 crore is housed in portfolio management schemes, ...

Dollar Rises and FIIs Sell

So the dollar has risen like crazy. From 39.9 a couple weeks back, to 42.5 today. And getting stronger. Is this FII profit booking? Heavy dollar buying by ...

Stopping the PMS Abuse

Portfolio management services (PMS) have been told to change the way they operate. (From DNA) Sebi asked PMS houses not to pool assets of investors the way ...