Fwd: Today's Exclusives - June quarter results threaten the groupthink of the last few months that the market is undervalued

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Aug 25, 2011 at 7:35 PM
Subject: Today's Exclusives - June quarter results threaten the groupthink of the last few months that the market is undervalued
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25 August 2011   Moneylife Exclusive June quarter results threaten the groupthink of the last few months that the market is undervalued Debashis Basu Indian companies have reported extremely poor profit growth which explains why the market is unable to show any recovery. In fact, there could be further downside due to poor earnings growth. We had suggested in June that analysts and fund managers were too optimistic...     Exclusive Column     Understanding the heart and soul of Anna Hazare's movement Vinita Deshmukh The snobbery of intellectual writers and insensitivity of the political class comes as a shame at this defining moment in our country's history. Let's show some respect to this mass awakening, so essential for a vibrant democracy and a pro-active citizenry...       Other ML Exclusives   Realty sector debt burden in first quarter grows by 16% to Rs385 billion, as profits decline by 19% DLF alone has a debt of Rs215 billion; companies struggle to raise funds, try to sell land parcels to repay debt, cut losses. Analysts, consultants say developers depend on an improvement in project sales, which can only happen after a correction... ............................................................................................................................................... Daily Market Report: Share prices may slide further If today's low breaks, Nifty likely to fall to 4750... .............................................................................................................................................. Back to the future: How babus can nip scams by netas in the bud It might be surprising to know what our babus can do to stop corruption. The second part of a three-part article highlights three instances of honesty and bravery of IAS officers of metal... .............................................................................................................................................. Speak Asia COO fears re-arrest by police from other states, may petition SC Speak Asia COO Tarak Bajpai has been granted bail, but he is afraid that police from other places may arrest him. According to sources, the company may approach the Supreme Court to seek anticipatory bail... .............................................................................................................................................. 'Day 3 of my fast at Azad Maidan; they say crores formed pyramids to break the handi of corruption' Stories of courage and conviction from the protest in support of a strong anti-corruption law in Mumbai, and Anna's advice to those on fast to stop at the first signs of illness, to preserve themselves for the long struggle ahead... ............................................................................................................................................... Couture camp: Get Anna chic T-shirts and caps advertising the 'India Against Corruption' message have become the dress code of the independence season... ............................................................................................................................................... Glamour stocks, ugly returns It is easy to fall for the stocks of glamorous sectors, promoters or companies, especially since they figure prominently in the popular media all the time. This is a recipe for disaster, as Moneylife Research Desk shows... ............................................................................................................................................... Should home seekers put off buying a house because of high interest rates? The series of rate hikes has resulted in the EMI on home loans going up by more than 20% to Rs1,016 on every one lakh rupees. However, with rates having climbed so high, it would not be wrong to assume that any further increases should be very limited ... ............................................................................................................................................... Record pulses crop last year, good monsoon, should help balance prices despite global shortage There has been concern over production of pulses this year, as the area under cultivation across the country has been lower by more than 11%... ............................................................................................................................................... Nike, an athlete in its own right In her book, Tracy Carbasho describes the vision behind the victory of the company that has motivated people to stay fit with its driving motto "Just Do It"... ............................................................................................................................................... Car sales: Showrooms with a view Customer-oriented car firms? It's the Japanese... ............................................................................................................................................... Personal finance today - ICICI Pru MF launches 2 years fixed maturity plan - Credit offtake up by 20%, deposits 18% - Govt asks banks to increase tenure of loans, not EMIs     At a Glance   - Telcos under TRAI scanner for hiking mobile tariffs - FM expresses concern over rising food inflation - Govt to relax equity dilution norms for insurance firms - Food inflation rises to 9.80% for week ended 13th August - Talks back to square one, says civil society ON STANDS NOW Corporate Wrap-up   - Sthithi Insurance increases stake in Zylog - Ajanta Pharma gets UK MHRA approval for Aurangabad facility - IOC introduces India's 1st pump with self service facility   Moneylife Columns     Hero: Not a heroic effort Anil Thakraney 'Hum Mein Hai Hero', the new ad to announce that Hero Honda is now Hero MotoCorp, is predictable and uninteresting...     Implementation safeguards against notorious agents are an imperative for the proposed microfinance bill Ramesh S Arunachalam While macroeconomic changes are essential to iron out the chinks inherent in the industry, a close look is needed to look at the ground realities and the current agent-led decentralised microfinance model...     Face 2 Face   Max Bupa CEO: IRDA should open bancassurance to multiple insurers Damien Marmion believes that while banks choose insurance partners with multi-line products, they should be allowed to tie up with more than one insurer so customers have a choice...     Editor's Pick   Jobs chucks his job Steve Jobs has resigned from Apple. This is the end of a 14-year dream run. ...................................................................................................................................................... Is it possible to fit into the Apple founder's role? Tim Cook has been named successor, but this is going to be a very difficult act to follow. ...................................................................................................................................................... Is gold finally reaching correction point? The yellow metal has plunged by $104, the biggest drop since March 2008. ...................................................................................................................................................... Carlos Slim is eating into NYT The billionaire has upped his stake to 7.3% from 6.9%. This could be because the New York Times is no longer giving away news content for free over the Internet. And of course, the newspaper's scrip went up 3% yesterday. ...................................................................................................................................................... How bad is the US debt problem? Debt growth is actually slowing down. ...................................................................................................................................................... Cartoon of the week This is why the US is still grappling for a solution to its debt crisis.   Book Review   Trade off Debashis Basu "Super Trader" is an excellent work for beginners as well as advanced traders.   FROM the ARCHIVES   Back to the future: Let loose the cats to exterminate the rats The movement generated by Anna Hazare indicates that there's a lot that can be done even without an anti-corruption law. The first part of a three-part article outlines what we ought to do so that the Jan Lokpal and Lokayuktas are effective in catching the crooks... ...................................................................................................................................................... Indian Railways' collision avoidance system is a copy of anti-collision device, says Konkan Railway former boss Rajaram Bojji, former managing director of Konkan Railway and inventor of anti-collision device, says stealing has been the norm with the Indian Railway's Research Designs and Standards Organisation...     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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