Fwd: Today's Exclusives - The premium game: How politicians generate white money through shell companies

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From: Moneylife <noreply@moneylife.in>
Date: Tue, Jul 24, 2012 at 7:54 PM
Subject: Today's Exclusives - The premium game: How politicians generate white money through shell companies
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24 July 2012   Moneylife Exclusive The premium game: How politicians generate white money through shell companies Sucheta Dalal Chaggan Bhujbal is alleged to have used sky-high valuation of shell companies to collect money, in return for giving out largesse. This is an increasingly popular trick with Indian politicians turned "businessmen"...   ADVT Other ML Exclusives   Financial Literacy: Lip service Neither the regulators, nor the states want to touch the biggest scourge of savers across India: pyramid schemes... .................................................................................................................................................. BSE derivative trading volume nears Rs1 lakh crore In just one day, BSE's trading volume in derivatives increased by Rs24,625.2 crore to reach near Rs1 lakh crore. But dealers seem baffled with this humungous number put out because retail trades is still overwhelmingly done in National Stock Exchanget... ................................................................................................................................................... RBI chief rues corporate governance deficit in public sector banks. Is there no remedy? The RBI should look at converting the PSBs into limited companies and take steps to amend the laws to make them more accountable to the public shareholders and comply with the listing guidelines, both in letter and spirit... .................................................................................................................................................... Insider trading in LIC Housing Finance? LIC Housing Finance announced subdued results, with its net profits declining 11% year-on-year on Tuesday. But why did the share price of this scam-ridden company fall severely one day in advance of the bad results? Could it be insider trading? .................................................................................................................................................... Hindustan Unilever reports robust results with 16% increase in net profit Despite a challenging economic climate and high inflationary pressures, consumers seems to be spending more which has led to a strong performance from Hindustan Unilever ... ................................................................................................................................................... 'Brand Dhoni' can't save Ashok Leyland as Q1 net profits falls 22% The truck and bus manufacturer reported poor bottom line despite increasing its sales by 8,210 units during June quarter, citing spiralling consumer prices and huge expenses on branding and marketing campaign with MS Dhoni... .................................................................................................................................................... Disease care in India: A massive rip off! It is distressing that the medical profession, once considered only next to godliness, has fallen victim to crass commercialism. It needs to be pulled out before it goes overboard and adds to the miseries of the common folks... .................................................................................................................................................... Fortnightly Market View: No man's land Rallies are weak, declines are shallow... .................................................................................................................................................... Daily Market Report: Sensex, Nifty will move sideways to down The market has to rally in the next couple of days or it will sink much lower... ................................................................................................................................................... At a Glance   - NCP threatens to pull out from UPA government - Competition Commission announces leniency for those giving information on cartels - No tourism in core areas of tiger reserves: Supreme Court - Anna Hazare threatens 'jail bharo' if demands not met - Raj Thackeray says don't pay toll till government brings in transparency - SEBI tightens liquidity norms for derivative segment - Petrol price hiked by 70 paise a litre from midnight     Corporate Wrap-up   - Wipro Q1 net profit up 18.4% to Rs 1,580 crore - New CDR norms may erode PSBs' net profit by up to 18% - 'PMO to take final view on relaxing FDI in pharma' - Jindal Steel to buy Canada's CIC Energy for over Rs600 crore - Canara Bank Q1 net profit up 7% at Rs775 crore - Uninor to scale down operations in TN, Kerala, Karnataka and Orissa - Banks can end derivative deals if client cut exposure says RBI - Wipro Consumer Care buys Yardley's business in Europe as well   Personal Finance   - LIC asked to pay Rs6.5 lakh for 'deliberately' rejecting claim - IDBI Mutual Fund launches gold fund - Women households have higher income in India and Ghana - RBI to issue Rs5, Rs10 coins to commemorate 60 years of Parliament     FROM the ARCHIVES   Is this how we teach medicine? The story of a Bangalore medical college A private medical college, spread over 25-acres ran an advertisement for the post of "Project Director". A candidate went for the farcical interview and noticed an absence of minimum standards of professionalism and hygiene ... ...................................................................................................................................................... Infrastructure or infra-fracture: Saga of never ending accidents It is high time that the Indian government wake up to this grim reality that is not only resulting in delay in project executions but has been causing loss of lives as well...   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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