Fwd: Today's Exclusives - What ails the Indian IPO Market?–II

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From: Moneylife <noreply@moneylife.in>
Date: Tue, Jun 21, 2011 at 8:27 PM
Subject: Today's Exclusives - What ails the Indian IPO Market?–II
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21 June 2011   Moneylife Exclusive What ails the Indian IPO Market?–II Debashis Basu & Megha Vora There is nobody in the system—promoters, lead managers, raters and regulator—who can be held accountable for the profit-pump and share-dump operation that seems common in IPOs...     Exclusive Column     Vodafone: Suicidal advertising! Anil Thakraney The mobile giant tried its hand at a campaign that made a tongue-in-cheek claim that it was responsible for the Mubarak ouster. The Egyptians, however, are not amused...       Other ML Exclusives   Sluggish demand impacts cement and realty sectors The onset of the monsoon has led to decrease in demand from the construction industry, which has dampened the demand for cement. The hike in interest rates has also affected realty sales, which are already at unaffordable highs... ................................................................................................................................................ Of onions and the real anti-graft war There is a way to fight corruption. We must begin by saying, "We will not pay bribes to get what is rightfully ours". We must say: "We are prepared to wait till the bribe-taker gets tired of waiting for us to come up with the bribes". It will be a long, hard haul in which every individual can and must participate... ................................................................................................................................................ SEBI: More skeletons Competition Commission finds NSE guilty of misusing its dominant position and indulging in unfair trade practices in currency derivatives, that SEBI refused to act against... ................................................................................................................................................ A matter of priority: The Sea Link or the BRTS? The Sea Link will cost an estimated Rs15,000 crore when it is completed in 15 years, and only a small number of people would use this facility. On the other hand, the Bus Rapid Transit System could cost only about a fifth, it would benefit almost all citizens in the city and would also help in times of disaster... ................................................................................................................................................ Daily Market Report: Share prices may eke out marginal gains A minor rally possible if Monday's low holds and Nifty stays above 5,320... ................................................................................................................................................ Learning to choose the right mutual fund scheme A report on the 69th free seminar conducted by Moneylife Foundation in the past 14 months... ................................................................................................................................................ Organised retail positive on FDI entry to meet increasing costs, improve and expand operations Experts say it is too optimistic to hope that FDI will curb inflation which is the outcome of restrictive laws, poor infrastructure and wastage... ................................................................................................................................................ Experian launches 'Triggers' to alert lenders about consumers credit activities 'Triggers' will help banks and NBFCs by providing an automated daily notification about changes in a particular customer's financial situation, after which the lenders can take necessary action to minimise bad debt or increase the customer's revenue potential and retention... ................................................................................................................................................ Castrol: Breaking the mould Castrol has decided to break away from the tried and tested method and has taken an emotional and lifestyle route, which brings freshness to the product category... ................................................................................................................................................ Personal finance today Online filing of income tax returns jumps 80% in India DSP BlackRock MF unveils 12 months fixed maturity plan Reliance MF unveils Fixed Horizon Fund-XIX-Series 6 Sundaram MF launches Fixed Term Plan-BD JPMorgan MF introduces 370 days fixed maturity plan Carrefour to offer online shopping in India NPCI ties up with BoI for "RuPay" cards   At a Glance   - PM out of govt draft; Lokpal meet ends in disagreement - Govt resumes talks with Mauritius to revise DTAA - Six years on, Posco mega Orissa project still remains on paper - FDI dips by 9% to $6.51 billion in Jan-Apr - Monsoon session to commence from 1st August - SEBI to discuss NSDL's role in IPO scam at its next board meeting Corporate Wrap-up   - Lanco Infratech wins EPC order in Iraq - Larsen & Toubro subsidiary wins Rs1,366 crore order - GAIL and UJVNL to set up gas based power generation in Uttarakhand   Moneylife Columns     Is your neighbourhood flooded? Are the nullahs encroached upon? Invoke RTI Vinita Deshmukh Cities like Delhi, Mumbai and Pune get flooded even with one long heavy shower during the monsoon. The reason is not so much the unexpected heavy rainfall, as much as it has to do with the expected failure of the municipal corporations to make storm water drains, or allowing illegal encroachments on nullahs and streams. RTI can help you nail them...     Muddy Waters indeed: Sino-Forest stock crash puts focus on scrutiny and quality of information William Gamble Sino-Forest Corporation, the Chinese forestry company in which hedge fund Paulson & Co was the largest investor, lost about two-third of its share value in the past few days after a little-known research firm alleged that the sales it reported would have required 50,000 trucks driving on two-lane roads through the mountains from a remote region, which is beyond belief ...       Face 2 Face   Varun Industries aims to complete new steel, pig iron units by 2015 Kiran Mehta, chairman and managing director, says backward integration will give the company absolute control over quality and reasonably good control over cost...   Editor's Pick   Fitch issues warning on Greece and the US The ratings agency is seeing the risk of a possible Greek and American debt default. ...................................................................................................................................................... The S&P 500 is down, but profits are up The index has fallen 6.8% since 29th April, but valuations are at their cheapest levels in 26 years. ...................................................................................................................................................... The Internet moves into a new era The Internet Corporation for Assigned Names and Numbers (ICANN), which until now allowed 22 suffixes including ".com" and ".org," will accept requests for almost any word in any language from January 2012 to April 2012. ...................................................................................................................................................... Ancient gold mines get a second look Defunct mines—some more than 2,000 years old—look attractive again, thanks to the sky-high prices of the yellow metal and improved mining techniques. ...................................................................................................................................................... Are we reaching the next stage of the crisis? Here's an analyst who's predicting that the end is near. ...................................................................................................................................................... Cartoon of the week Chinese hackers have their work cut out.   Book Review   Wisdom of crowds Shukti Sarma The author could have given us more   FROM the ARCHIVES   Hollow market explains flash crash and roaring rallies A Sensex crash of 500 points in a matter of a few minutes, shows how hollow the Indian market is, as Moneylife has been pointing out for years now... ...................................................................................................................................................... GTL Ltd stock price slumps 62% on huge volumes; company denies promoters selling stake Analysts describe it as market reaction to company's scrapping plans to raise $300 million. Group company GTL Infrastructure slides 43% ...   FORTHCOMING EVENT   Investor, Empower Yourself, for the first time in Bengaluru on 16th July Moneylife Foundation is holding a day-long seminar, "Investor, Empower Yourself", in Bengaluru, on Saturday, 16 July 2011. Admission is free, To register, please click here for details or message us at mail@mlfoundation.in, or call Shanti Jagadeesh at 080-41556012 (Time: 10 am to 6pm, Monday to Friday)...   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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