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Month: May 2009

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GDP up 6.7% but Nifty EPS down 9%

According to Bloomberg, India’s economy grew “more than estimated” at 5.8 percent last quarter, to take the annual growth in the last four ...

NSE changes lot sizes for 144 stocks

After the sudden upmove, a number of stocks have gone so far north that their lot sizes, which are usually calibrated to about 2 lakhs worth contracts each, ...

NPS (New Pension Scheme) has "hidden" charges

Sanjay Bhargava points me to this livemint article: India’s New Pension System (NPS) promises the lowest fund management charges. But a closer look at the ...

Hiding ULIP Commissions: Riding on Confusing Customers

A friend recently told me about Birla Sun Life’s Dream Plan and how they had “zero commissions”. The skeptic that I am of greedy ULIPs and ...

Low Cost Housing – Not quite "Altruistic"

Forbes India on Jerry Rao’s New New Thing: His hypothesis is a simple one. India’s real estate boom was built around its emerging middle class. Nobody ...

NYT on the China-U.S. relationship

NYT: Will China Continue to bankroll the U.S.? Over the past decade, China and the United States have developed a deeply symbiotic, and dangerous, ...

Congress Wins, Poised for a Big Rally?

The Congress has won handsomely in the elections, with over 260 seats by the coalition – a majority is 273, which they can get with very marginal help. ...

Countries in Recession (updated)

Updated 17 May 09: Added Israel. Updated 15 May 09: Added France. Updated 19 Feb 09: Added Taiwan Updated 23 Jan 09: Added Britain. Updated 1 Dec 08: NBER Says ...

China Pushes Out the Dollar, Asks for Yuan

Xinhuanet: Yuan edges into place as international trade currency Buyers and sellers at the 105th Canton Fair in south China’s Guangdong Province are no ...

Amit Varma's "My Friend Sancho" Launching Soon

My friend Amit Varma has released his first book, My Friend Sancho. The Delhi launch is on Wednesday and I shall go. I’ve read a tiny part of it, and ...