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Month: February 2012

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Dec 2011 GDP Growth At 6.09%, Lowest in 3 Years

GDP Growth for the 3rd Quarter ending December 2011 is at 6.09% over the previous year. This is the lowest since March ...

What Is The Matter, MOSPI?

In two press releases India’s GDP data has changed substantially, all the way back to 2009. 1. September 2011 GDP (Press Release on 30 Nov 2011) 2. December ...

SEBI Ringfences Fixed Income Funds

At Value Research: SEBI ups the ante on Fixed Income Transparency In a circular issued earlier today, markets regulator SEBI has said that all fixed-income ...

Nifty Future Premium Near The Highest Ever

What’s with the Nifty futures? With the Nifty closing at 5375, the futures were trading at 5441, a near 70 point premium.Measured as a fraction of the Nifty ...

Kingfisher Doesn’t Need A Bailout

Too many articles have been talking about the situation at Kingfisher, with the assumption that: a) Kingfisher is a private carrier and can’t be bailed out. ...

Why You Shouldn’t ‘Invest’ in Life Insurance

At Yahoo, I write about Why you shouldn’t invest in Life Insurance: The three reasons people buy insurance is: a) To save tax. b) As an investment, to make a ...

Crude hits $125, India’s Fuel Cost Soars

In response to EU sanctions from July 1, Iran has already stopped providing oil to Britain and France. Yesterday, there were rumours of it stopping supplies to ...

Reliance Buyback: Only 10 cr. out of 10,000 cr. done

Reliance has initiated a share buyback for what is supposed to be a 10,440 cr. issue, at a cap of Rs. 870 per share. The buyback ends Jan 19, 2013, which is ...

Citi Sells HDFC Stake For $1.9 Billion

Citibank has sold it’s 9.9% stake in HDFC (not the bank) at 657.6 rupees – with 14.5 crore shares sold today in a block deal. Buyers include FIIs and a TV ...

Fidelity: We’ll Keep The Managers

I had written about Fidelity leaving (What to do about the In-Fidelity?) recently, and Manoj Nagpal has brought it to my notice (Thanks!) that Fidelity may ...