Fwd: Today's Exclusives - The Speak Asia money trail

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From: Moneylife <noreply@moneylife.in>
Date: Mon, May 16, 2011 at 8:53 PM
Subject: Today's Exclusives - The Speak Asia money trail
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16 May 2011   Moneylife Exclusive The Speak Asia money trail Sucheta Dalal Moneylife investigation reveals that the mysterious trail of SpeakAsia runs through several India companies and the money is being remitted to purchase "survey software" from a company linked to the shadowy promoters...     Exclusive Column     Tax evasion: Broken trail Sucheta Dalal US is cracking down on Indian-Americans with undeclared Indian accounts. But these dubious tax-dodging accounts won't go away, thanks to rampant corruption in our tax department and the impossibly high deposit targets for bank managers...       Other ML Exclusives   SpeakAsia says, "Sorry, we cannot 'disclose' anything" At a specially called 'damage control' press conference in Mumbai, SpeakAsia officials refuse to divulge any details unless journalists sign a non-disclosure agreement with them. The officials also apologised for mentioning the names of ICICI Bank, Bata, Nestle and Bharti Airtel as their clients...   Buying gold and silver from banks? Think again HDFC Bank sells silver at over Rs70,000 when the National Spot Exchange sells it for around Rs53,700 and the local jeweller sells silver for Rs55,000! And gullible customers are buying... ................................................................................................................................................ Daily Market Report: Share prices can shake off gloom If the Nifty is able to hold above 5,540, the market can expect some gains. On the downside the support is at 5,390... ................................................................................................................................................ Why state ownership of enterprises will not go away Some years ago when privatisation became the rage, many people predicted that state-owned firms would eventually be sold off. But that hasn't happened. Even today, state-owned companies control the majority of resources and business. And they simply don't make money... ................................................................................................................................................ RTI activist calls for reforming the culture of secrecy that breeds corruption Bhaskar Prabhu, convenor of Mahiti Adhikar Manch, says the Right to Information movement must start from the home, through discussion and financial planning with all family members. He was addressing a Moneylife Foundation workshop on using the RTI Act effectively... ................................................................................................................................................ Retirement planning: Tailored option There are better options, other than insurance as an investment, for your later life... ................................................................................................................................................ Online insurance: IRDA cracks the whip Can consumers get higher accuracy with online portals... ................................................................................................................................................ Personal finance today IndiaFirst Life to infuse Rs 120 crore to fund expansion IDBI Bank rolls out mobile banking from Nagpur Canara Bank revises deposit rates   At a Glance   - GoM on Cairn-Vedanta deal to only meet after deadline expires - Brokers get SEBI relaxation on access to investor accounts - Falling crude prices may not avert diesel, LPG price hike - WPI inflation down to 8.66% in April - Inflation likely to ease further: FM - Oil companies reduce jet fuel price by 2.9%     Corporate Wrap-up   - 3i Infotech sells billing and payments unit for Rs617 crore - Glenmark Pharma inks $613 million outlicensing deal with Sanofi - L&T bags Rs 3,500-cr order from PPN Power   Moneylife Columns     How unsafe and unhygienic are your restaurants? Use RTI to find out Vinita Deshmukh If you can't resist indulging at wayside eateries, or may be even swanky restaurants, you might not know it, but you could be paying for a bout of indigestion or something more serious like hepatitis-B. It's because we don't take food safety and hygiene seriously. Section 4 of the RTI Act can help you find out critical details about your favourite food places, so you can be more careful...     Beginning of a global meltdown, or a pause that refreshes? William Gamble The crash in silver and some other commodities highlights the dilemma of every investor in a potential bubble. Do you see the market heading for the cliff and sit out? Or, do you believe the growth forecasts and stay on board?     Face 2 Face   'The proposed web censorship law is a joke' Rajiv Dingra, head of a web advertising consultancy, warns that web advertisers had better not underestimate the web consumer who can react unlike a TV viewer...   Editor's Pick   Japan's machinery orders unexpectedly rose in March Factory orders rose 2.9% in March from February, when they dropped a revised 1.9%, the Cabinet Office said in Tokyo. ...................................................................................................................................................... Oil slump vindicates Fed doves A sharp retreat in oil prices has lent fresh credibility to Federal Reserve officials' predictions that the spike in energy and commodity prices would be a passing phenomenon. ...................................................................................................................................................... After Osama bin Laden, al-Qaeda looks for a leader The test for the various al-Qaedas is whether they can continue their informal linkages without the unifying symbol of bin Laden. ...................................................................................................................................................... Canadian banks' bid for TMX tops LSE; logic questioned A group of Canadian banks and pension funds are hoping their C$3.6 billion ($3.7 billion) offer for TMX Group will keep the nation's largest stock market from falling into foreign hands ...................................................................................................................................................... China International to raise $768 mn for takeover fund China's top-ranked investment bank in 2010 is raising funds as the nation's regulator amends takeover rules to allow buyers to raise cash through private placements. ...................................................................................................................................................... Cartoon of the week When there was a leak in WikiLeaks   Book Review   Trading forex Debashis Basu At the core of The Little Book of Currency Trading is the use of a well-known trading tool called Bollinger Bands...   FROM the ARCHIVES   CAMS research on creation of MF new folios throws up debate The transfer agent for mutual funds says ban on entry loads has not affected the trend of new folio creation, which mirrors the market... ...................................................................................................................................................... Bombay HC allows proceedings against Helios & Matheson While setting aside the orders passed by the Sessions Court, the HC has allowed a revision application by VMoksha's co-founder Rajiv Sawhney against H&M...   Forthcoming Events   Understanding Insurance Getting the right health cover is never as easy as the advertisements suggest. The key is to find a policy that is priced right and delivers when you need it. Sudhir Sarnobat, Co-founder & CEO of Medimanage, a dedicated health insurance broking firm, will explain how this works, at a workshop on Tuesday, 17th May 2011. Admission is free. To register, please message us at mail@mlfoundation.in or call Dione/Judith on 2444 1058. Click here for more details ...................................................................................................................................................... How to be to Safe and Smart with your Money Moneylife Foundation is holding a workshop on 'How to be Safe and Smart with You Money' on Saturday, 21 May 2011, at the Moneylife Knowledge Centre. Admission is free. To register, please message us at mail@mlfoundation.in or call Dione/Judith on 2444 1058 Click here for more details.     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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