Fwd: Weekly Updates - IPO manipulation, fund managers lose investor money, the RTI Act and many more...

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From: Moneylife <noreply@moneylife.in>
Date: Sat, Oct 22, 2011 at 3:16 PM
Subject: Weekly Updates - IPO manipulation, fund managers lose investor money, the RTI Act and many more...
To: palashbiswaskl@gmail.com

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TOP STORIES   IPO manipulation is back with a bang. Five firms with one director, and a profit of nearly Rs9 crore M and B Switchgear, with 'below average' fundamentals, closed at a premium of 71% after falling 34% from its listing price on 20th October. Five firms controlled by a common director seem to have made a consolidated profit of Rs8.41 crore from the opening day's trading alone... *Is IPO price manipulation back? Two recent issues have witnessed extreme gains & losses *Fund managers lose investors' money in RIL stock as part of a "strategy" *Fund managers faithfully follow the benchmark stocks, making it hard to separate luck from skill *Trident Microfin is under a Corporate Debt Restructuring plan: How can Kotak Bank slap a legal notice on the microfinance institution? *The cacophony over discovery of 'unmarked graves' in north Kashmir: The Army should speak up and act *RTI Act: Same Governor comes under it in Maharashtra, but not in Goa *RTI amendment: Private Bill seeks changes in Act to dilute the legislation; wants applicants to give reasons for seeking information *Insurance complaints redressal: IRDA journal has its facts in place, but what is the ground reality? *Gurgaon unrest: Speed money helps a few, honest players feel the heat *Affordable housing project rating system: Ashoka Innovators for the Public aims to put this in place in 9-12 months *RuPay, India's first domestic real-time payment processing system, to be launched in March 2012 *Five X, a demerged arm of Octant Industries, leaves investors in limbo *BSE delays Five X listing, investors' capital still stuck in company *Corruption: Natural Resources *Governance: Passing the buck *The Ambanis: Downward curve *Dim Diwali for realty: Soaring inflation, high inventories and high interest rates *Bank Introduction; Think before Signing *Children's Education: Don't save for it! *Corporate Accounts: Accounting substandard     MARKETS (REGULATION)   Weekly Market Report: No direction Nifty stuck in a range between 4,975 and 5,160... *Imperative for the bulls to cross the hurdle of 5,169 points for further bullishness   INVESTING (MUTUAL FUNDS/STOCKS)   FDs vs Fixed Income: Bonds funds, anyone? Bond funds or income funds are seen as safe investments. Are they really? *New fund offer: Timing is Everything *Will Baroda Pioneer Sensex Plus Fund be a better bet than a normal index fund? *Funds for any season *NMDC: Heavy Metal   Personal Finance (Insurance)   Discontinued ULIPs renewal okay by IRDA: Both insurer and insured stand to gain IRDA's directive is a good option for the insured, but why was it omitted in the new ULIP guidelines in the first place? Will IRDA bring back 'cover continuance' too? The industry gains—ULIP revival benefits a life insurance company due to capped surrender charges coupled with the fund management charge of 0.5% on a discontinued fund... *Bharti AXA General Insurance: "Critical illness product helps to make health insurance comprehensive" ON STANDS NOW Companies & Sectors   Weak rupee to wipe gains from easing crude oil prices, says report A depreciating rupee is pushing import costs further, raising inflation in domestic fuel prices which are linked to international prices. Inflation, now at 9.7%, remains higher than RBI's comfort zone for the past 18 months... *Onion prices come down to Rs800-Rs900 per quintal due to adequate supply, well-stocked inventories *New launches: Honda's new Brio *MFIN-NCAER study unearths agents' role in microfinance, but does not find these middlemen in Chennai *MFIN-NCAER study: Here's the proof that microfinance agents are thriving in Tamil Nadu *GSM telecom subscriber additions: Uninor, Idea lead the pack; tariff hikes expected & 3G revenues could be a key growth driver LIFE (PUBLIC INTEREST/EVENTS)   Moneylife Foundation conducts financial literacy seminar on 'How to be safe and smart with your money' Moneylife Foundation continues its successful series of seminars on financial literacy. On Saturday, 22nd October, the audience at a well-attended workshop was informed on how to avoid investments like chain-marketing schemes and how to invest money in a manner that would give maximum returns... *'Secret documents must be reviewed and made available after 20 years' *New Motor Vehicles Act: There's nothing for road users, only wheeler-dealers will gain *Dr Swamy continues battle against corruption in the 2G spectrum scandal *Bitter truth: This Diwali, stick to homemade sweets *Another MLM scheme: SMS World Biz is trying the SMS platform to snare customers *Sony Bravia TV: Got smoke coming out of it? Call the company *Coaching classes: What do you really gain from these learn-by-rote shops?   TROTTER NAMA: THE WORLD AROUND US   ITALY: Art Cities- II This country has a number of historical sites that cannot be covered in a single visit. Jaideep Mukerji brings you more on this shoe-shaped Mediterranean marvel... .   BOOKS: THE LOVE OF THE PRINTED WORD   The Little Book Of Trading Michael W Covel Overconnected William Davidow Written in Stone BRIAN SWITEK EXCLUSIVE COLUMNS   Regulation: Hobbled by the Past Sucheta Dalal   It's time to save democracy from oligarchy Karan Kharb Osho Commune: Is this the first step towards winding it up? Vinita Deshmukh   To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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Palash Biswas
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