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Month: June 2013

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Nifty Recovers 4% in 2 days, closes June with –2.4%

A huge recovery on Thursday and Friday made the Nifty close just 2.4% below the May close, masking the crazy volatility in the month. The Nifty ended at 5842, ...

Petrol prices up another Rs. 1.82 a litre

We are back up to the Rs. 68 levels (ex-Delhi), which is equivalent to Rs. 75 in Mumbai (and Bangalore). Prices go up because Crude just crossed $100, and the ...

The Lack of Credit to Buy Gold is Looking for “Alternate” Mechanisms

HDFC Bank has stopped accepting credit cards as a payment method while selling gold. It has also yanked off the “EMI” scheme for jewellery purchases, where ...

Insurance Sector Slows Down, New Premiums Fall 6%

New premiums in Life Insurance companies are down about 6% in 2012-13, and that follows a tough year earlier. (From the RBI Financial Stability Report) ULIPs ...

Just 3.6% of GDP, Says The RBI of our Current Account Deficit

India’s current account deficit (CAD) was just 3.6% of GDP In the Jan-Mar quarter of 2013, said the RBI. The exact deficit was $18.1 billion, which is down ...

The FII is Dead. Long Live the FPI.

In what seems to be a love-hate relationship with Three Letter Acronyms (TLAs), SEBI has rejigged the concept of foreign investors in the securities markets. ...

SEBI Ups Buyback Minimums to 50%

In my Demystifying Share Buybacks article, I had mentioned new reforms expected for share buybacks. SEBI has now fixed at least two of the problems I ...

Angel Fund Guidelines: Helps the Superangels, Keeps Out Smaller Investors

SEBI has introduced new guidelines for Angel Funds. As I’ve said recently, this is an absolutely important requirement in order for startups to avoid the ...

Early Buyers of Inflation Indexed Bonds Lose 5% in a Month, New Auction at 1.99%

The good folks who bought Inflation Indexed Bonds (IIBs) in the first auction earlier this year have already lost 5% in the market, with another 1,000 cr. ...

Visiting the UK? Pay a 3000 Pound Bond. Will India Retaliate?

The UK has decided to charge a “bond” of 3000 pounds (about 2.8 lakh rupees) every visitor from India, Pakistan, Nigeria, Sri Lanka, Bangladesh and Ghana ...