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INVESTMENT WORLD
INSIGHT
Understanding the Ambani squabble
THE reasons for Mr Mukesh Ambani going public now over `ownership issues' have more to do with the business of Reliance Industries than anything else. Also, these may hold the key to the settlement — whatever ...
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Reliance: The battle for the Kamadhenu
It is control rather than "ownership issues" that appears to be at the heart of the dispute between the Ambani brothers. The real bone of contention is who controls Reliance Industries.
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Equity investing — Returns can still be attractive
The history of sustainable returns from equity in India is heart-warming, with equities notching up, on average, 18 per cent between 1994 and 2004. Expectations of 15 per cent over the long term, thus, seem reasonable. But investors need to be patien t.
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OPEN OFFERS
Rane (Madras): Reject
THIS open offer from the promoters of Rane (Madras) is part of a restructuring of their equity holdings in the group. The scheme of restructuring is unfavourable to the fundamental interests of Rane (Madras) and the ...
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JMC Projects: Reject
SHAREHOLDERS of JMC Projects can reject the open offer at Rs 40. The stock appears to have better prospects for growth after the change in control. Post-acquisition, the company could benefit from higher order inflows ...
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AUTOMOBILES
Tempo Traveller better choice for ambulance
I HAVE been thinking of buying an ambulance to be given away in charity to a non-profit organisation. Where can I get the details, such as cost and availability, of such vehicles? Which passenger car model is best ...
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MUTUAL FUNDS
Kotak-30: Hold
INVESTORS can stay with Kotak-30 Mutual Fund. The fund has performed well over the past year and would figure in the top quartile of the performance rankings in 2004 till date. But its performance over a three-year and ...
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Alliance Buy India Fund: Switch
A RECENT surge in performance has taken the Alliance Buy India fund's NAV to about Rs 12 per unit, resulting in positive returns for its initial investors after a long spell. The fund owes its recent performance to ...
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Franklin MF declares bonus and dividend
Fund talk
STOCKS
Karur Vysya Bank: Buy
INVESTMENTS can be considered in the stock of Karur Vysya Bank. The stock is trading at a discount of more than 20 per cent to its book value. The stock is also trading at a price to earnings multiple of less than five times its earnings. Given ...
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Biocon: Hold
SHAREHOLDERS can retain their holdings in the Biocon stock. This represents a continuation of our stance on the stock after the company announced its first quarter numbers this fiscal. While the stock has been ...
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Oriental Hotels: Buy
INVESTORS with a medium-term perspective can consider exposure inthe stock of Oriental Hotels, which trades at about 26 times its trailing earnings per share. The increase in the arrival of foreign tourists, the pick up ...
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Apollo Tyres: Buy
THE performance of automotive tyre companies has not been quite impressive in the recent quarters. The rise in raw material price played a major role in affecting their profitability. With tyre price revision in place ...
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KLG Systel: Pare exposures
Shareholders can cut exposure as the stock has run up sharply over the past two months, ahead of earnings expectations.
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TECHNICAL ANALYSIS
Correction round the corner
Preferred view: The market sentiment continued to be distinctly positive during the just-concluded week. The much-anticipated correction remains elusive. Technically, the move past the crucial resistance levels of 1913 and 1936 imparted ...
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Near-term weakness in Infosys
Infosys (Rs 2050.2): The stock ruled firm and also moved to the target range of Rs 2,110-2,120 that was mentioned in the last couple of weeks. The near-term trend appears weak. A drop below the immediate support level at Rs 2,020 would ...
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Focus of the week
Dhampur Sugar (Rs 53.8): After a period of consolidation, the stock staged a breakout on Friday on the back of huge volumes. The stock appears to set for the next leg of upward move. The target for the stock is the Rs 68-70 range. The ...
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Query Corner
LIFE INSURANCE
LIC's Jeevan Nidhi
ADVANCES in the field of medicine has made lengthening life spans a reality. It also brings into focus the importance of financial planning in one's post-retirement years. Pension plans have gained quite a bit in ...
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GENERAL INSURANCE
A cover for overseas travel
PLANNING to visit your cute little grand-daughter in the US or off on your much-awaited trip to Singapore? The last thing you would want is to fall sick and end up in a hospital or get robbed leaving you stranded ...
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ECONOMICS
Economics of babysitting
ECONOMICS affects your life everyday. As a consumer, you are bothered about the price of vegetables. As a practical economist, you know that the prices depend on demand and supply for vegetables. We learn economics ...
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FINANCIAL MARKETS
Watchdog on the Web
PLANNING to invest in shares, bonds or fixed deposits? Here is a Web site which could help you to vet the credentials of the company which is looking to line its coffers. Watchoutinvestors.com allows you to sniff ...
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DERIVATIVES MARKETS
Caution is the buzzword
THIS week saw the introduction of February month contracts at the derivative segment. Trading activity on the National Stock Exchange (NSE) was robust last week as it was the first week after the settlement of November contracts; the average ...
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Giving effect to corporate actions
THE basis for any adjustment for corporate actions shall be such that the value of the position of the market participants on the cum and ex-dates for the corporate action shall continue to remain the same as far as possible. This will ...
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Options guide
Futures guide
FIXED DEPOSITS
Saw Pipes: A risky weld
THE fixed deposit programme of Saw Pipes is suitable for those willing to take that extra bit of risk to get higher returns. An investment in the company's FD programme can be considered if such low-risk options as ...
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INTERVIEW
`People are making a beeline for India'
Integra Apparels is the new garments arm of Morarjee Mills, part of the Piramal Group. Mr Krishna Kumar, CEO, Integra Apparels, could be considered a veteran in the textile export sector. After a stint with Madura Garments, he went on to ...
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INCOME TAX
Anxiety of an assessee with agricultural income
MY TAXABLE income for the assessment year (AY) 2005-06 will be below Rs 1,11,250. I also have agricultural income. If I include this agricultural income to my taxable income it will exceed Rs 1,11,250. Can I claim ...
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Double taxation of dollar income
I WORK for a multinational company in Bangalore. I have recently been transferred to work on an assignment for my employer company's client in the US. For this project I am paid in dollars. Tax is deducted at source ...
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IPOS
Bharati Shipyard: Invest at Rs 66
AN INVESTMENT can be considered in the initial public offering of Bharati Shipyard at Rs 66, (the upper end of the price band). The outlook for shipbuilders has improvedas shipping companies have been modernising ...
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BOOKS
Pati, patni, and dough
MONEY is evil, and love is a sin. But there's virtue in reading Love & Money, by Jeff D. Opdyke, published by Wiley (www.wiley.com), for it is not a book on how to make money through manipulative ...
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Mid-term Credit Policy Review for 2004-05
Foreign Trade Policy 2004-09
Pick a Winner Stock Market Contest
Top Stories
Understanding the Ambani squabble
Reliance: The battle for the Kamadhenu
Correction round the corner
Caution is the buzzword
Equity investing — Returns can still be attractive
In Focus
Reliance: Is the 'Big Fight' in offing?
Gold scaling new highs
The arrest of Kanchi Seer
In Depth
Insurance Corner
Simple Economics
Tax Talk
NRIs & Investment Avenues
Looking back
Nov. 28-Dec. 4
Timing works on funds, too
Reliance Energy: Outage on succession battle?
Nifty November effect on Junior
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