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Month: January 2013

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Reliance Sells $800M of Perpetual Debt, Despite having $15B of Cash

Reliance just sold $800 million of perpetual bonds at a yield of 5.875%. The yield is fixed for life – and holders will get money for as long as Reliance ...

RBI Cuts Repo and CRR by 25 bps

Continuing the paused rate cut cycle, RBI cut the repo rate (at which banks borrow overnight from the RBI) by 0.25% to 7.75%. In addition, it brought the Cash ...

Do Not Undervalue Luck

Too many people attribute their success to their own skill. At some point, when everyone is working their asses off, you begin to wonder if success has quite ...

Raising Gold Duty Will Only Increase Gold Demand

The government has raised the Gold import duty to 6% from 4%, and pleads with people to please "moderate" their purchases of gold. This is a ...

Charts: RIL Results for Dec 2012

Reliance announced “stellar” results on Friday, post market close, which has traders wondering if the market will gap up today by 100 points or 200 points. ...

One Idiot: A Movie From IDFC

IDFC recently got in touch about a video they had created called “One Idiot’”. It’s a well edited/produced 30 minute movie about the power of ...
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SEBI Bars ESOPs Buying Shares From Market

In a notification, SEBI has barred all public companies from having their ESOP trusts buy shares from the secondary market. ESOP trusts can only be allocated ...

Gradual Hike in Diesel Prices, LPG Subsidy to 9 Cylinders a Year

The government has changed the structure of the oil subsidy. To reduce the diesel subsidy (the biggest of the lot) oil companies are being allowed to raise ...

To Really Free Fuel Prices, Ban Future Govt Intervention

Recently the government has been thinking of “freeing” fuel prices. The idea is to stop the subsidy to diesel and LPG, where currently, the losses because ...

GAAR Deferred to 2016, Markets Rejoice

The Nifty crossed 6,000 yet again, on the back of news that the finance ministry isn’t really keen on the General Anti-Avoidance Rules (GAAR) and has ...