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Month: February 2013

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Indiabulls Employee Welfare Trust Dumps All Its Shares. Should SEBI Probe Further?

The Employee Welfare Trust (EWT) of IndiaBulls Financial Services dumped 2.4 crore (24 million) shares of the company in the market, at a price of around Rs. ...

Advance Estimate for GDP Shows 5% Growth

GDP Growth for 2012-13 is estimated at 5%. Nominal growth is 13.3% and once you deflate this for inflation, the figure of 5% comes through. This is the lowest ...

Insurance Profits from Surrenders, But Not *That* Much

LiveMint has an article by Monika Halan and Deepthi Bhaskaran talking about how investors lost Rs. 1.5 trillion (150,000 crore) rupees due to mis-selling. ...

January PMI Continues Expansion; Services Jump

The HSBC Markit Purchasing Managers Index (PMI) was at 56.3 in Jan 2013, indicating continuing expansion. The Index is based on both Manufacturing and Services ...

Cut up the RBI

(Written for Pragati, December 2012) The Reserve Bank of India has been a regulator of acclaim, and as regulators all over the world have become more ...

RBI Suggests Large Penalties for Restructured Loans

RBI has, in its draft guidelines, made it more difficult for banks to restructure loans. (See: What is loan restructuring?) Suggested in the guidelines are: ...

Charts: Nifty has a +2.2% January

The Nifty moved 2.2% in January, crossing 6,000 for the first time since December 2010. It’s a good start to the year, and hopefully the budget in Feb will ...